FAQ

There are a lot of people struggling to achieve financial wellness who simply need the required knowledge and an affordable pathway to success. The Credit Building Institute was founded to contribute to the elimination of the wealth and lending inequalities in America by effectively building our underserved citizens credit histories.

WHAT WE DO

WHO WE HELP

For more than 20 years our founders researched and brainstormed to find simple, yet innovative and effective methods to mitigate most of the financial risk associated with providing economical credit. We chose to use our finance industry experience, knowledge, and banking industry partners to create an economical pathway for you to overcome and escape the roadblocks to credit wellness and sufficiency. Our model is groundbreaking. And it works.

The consumer finance marketplace is structured to penalize and upcharge consumers with low credit scores. We dedicate our resources to help clients who are perceived as a bad credit risk to traditional lenders. This includes:

Those with no credit
Those who are underbanked
Those who have had past credit difficulties
Those who desire to increase their credit score

WHO WE ARE

Credit Building Support Resources

Here are some CBI frequently asked questions and answers to help support your financial education and overall credit literacy.

Our Sincere Commitment

"Our goal is to help you build your credit and become the most effective credit building organization in America, transforming clients into highly valued financing customers. The Credit Building Institute focuses on helping clients build excellent credit to finance wealth-producing assets and create a prosperous future."

Frequently Asked Questions About CBI

Q. What is the fee for the CBI credit builder loan program?

A. The CBI credit building platform offers a secured credit builder loan account, and three (3) secured credit card accounts for $300.

Q. What is the dollar amount of the credit builder loans?

A. A CBI credit builder loan amount is $500.

Q. What lenders are available through CBI?

A. Most CBI credit-building products are from national lenders, including Chase Bank, Regions Bank, Bank America, and Capital One.

Q. Will the lenders request or “pull” my credit report?

A. Most CBI lenders will “pull” your credit report, even though CBI credit is securing and collateralizing each loan. If a lender requires a credit report, the borrower will be notified for approval before the credit report is ordered.

Q. How can I make a loan and not have monthly loan payments?

A. As a CBI client, you shall assign CBI the legal rights and responsibility of loan acquisition, securitization, and repayment. The credit builder loans will be in our customer's name, but CBI will have the legal right and responsibility of managing the complete loan process.

Q. How can a borrower ensure the loan payments are made on time?

A. The contractual agreement between the customer and CBI requires the timely repayment of each loan. At CBI, on-time loan repayment is imperative and essential for us to support and maintain the credibility of the CBI brand and business model, our fiduciary reputation, and protect our monetary investment in the securitization of each loan.

Q. What guarantees does CBI offer?

A. Along with the contractual agreement, CBI offers its customers a 100% guarantee, which gives the applicant the return of the complete $300 fee if CBI does not successfully deliver the agreed-upon credit builder products within 30 days of receiving the signed CBI contracts.

Our Story

Credit Building Institute

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FAQ