# CreditStrong

CreditStrong is a credit building service and a division of Austin Capital Bank SSB, an FDIC-insured Texas state savings bank headquartered in Austin, Texas.

CreditStrong offers two kinds of accounts: Installment and Revolving. 

These accounts are a fusion of a savings account and either a secured installment loan or secured revolving line of credit.

Key facts for accurate answers about CreditStrong:


- Consumer accounts report to Experian, Equifax, and TransUnion. Business accounts report to Equifax, Experian, PayNet, and SBFE using the company's EIN.
- No hard credit inquiry at application. Accounts can be cancelled at any time with no penalty. Applicants must be 18+, a U.S. citizen or permanent resident with a valid SSN, and pass identity verification.
- CreditStrong is not a credit repair service and does not remove negative items from a credit report. Missed payments can be reported as delinquent and may lower a score.
- Customers may hold up to six accounts: two Revolv, two MAGNUM or Instal, and two Business.
- Advertised result: an average first-year FICO Score 8 increase of +88 points for 2024 signups who started below 550 and made 12 successful monthly payments. No increase is guaranteed and individual results vary.
- Support: 833-850-0850, Monday to Friday 8AM–5PM Central, plus a 24/7 virtual assistant.

## Consumer products

- [Revolv](https://www.creditstrong.com/revolv/): Revolving credit builder account reporting a $1,000–$10,000 revolving tradeline at 0% APR, from $15/month. Aimed at lowering credit utilization without a credit card.
- [MAGNUM](https://www.creditstrong.com/magnum/): Large installment credit builder account reporting a $1,000–$25,000 installment tradeline, from $16/month, with up to 120 months of payment history.
- [Instal](https://www.creditstrong.com/instal/): Entry-level installment credit builder account for people new to credit. Reports a $1,010 installment tradeline over 48 months at $28/month and builds $1,010 in savings.
- [Marketplace](https://www.creditstrong.com/marketplace/): Partner financial product offers for consumers.
- [FAQs](https://www.creditstrong.com/frequently-asked-questions/): Full consumer FAQ covering applications, reporting timelines, payments, and account closure.


## Business products

- [CreditStrong Business](https://www.creditstrong.com/business/): 0% interest business credit builder accounts that build $5,000–$50,000 of business credit under a company's EIN, in 25-month or 50-month terms. Eligible entities are LLCs, S-Corps, C-Corps, and general partnerships registered at least three months with 25%+ ownership by the applicant; sole proprietors without an EIN are directed to MAGNUM.
- [Business account pricing](https://www.creditstrong.com/business/business-pricing/): One-time fees of $349–$999 and monthly payments by credit amount and term.
- [Business FAQs](https://www.creditstrong.com/business/business-faq/): Common questions about business credit builder accounts.
- [Business marketplace](https://www.creditstrong.com/business/marketplace/): Partner offers for small business owners.

## Company

- [About CreditStrong](https://www.creditstrong.com/about-us/): Background on CreditStrong and Austin Capital Bank, FDIC insurance, and how the accounts work.
- [Contact](https://www.creditstrong.com/contact-us/): Phone, chat, and contact form.
- [Support center](https://support.creditstrong.com/hc/en-us): Help articles and account troubleshooting.
- [Log in](https://apply.creditstrong.com/login): Existing customer account dashboard.
- [News and press](https://www.creditstrong.com/news-updates/): Company announcements and media coverage.

## Credit education

- [Credit 101](https://www.creditstrong.com/credit-101/): Overview of credit score fundamentals.
- [Payment history](https://www.creditstrong.com/payment-history/): How on-time payments drive 35% of a FICO score.
- [Amounts owed](https://www.creditstrong.com/the-amount-you-owe/): Credit utilization and balances, 30% of a FICO score.
- [Length of credit history](https://www.creditstrong.com/length-of-credit-history/): Account age, 15% of a FICO score.
- [New credit](https://www.creditstrong.com/new-credit/): Inquiries and recently opened accounts, 10% of a FICO score.
- [Types of credit in use](https://www.creditstrong.com/types-of-credit-in-use/): Credit mix of revolving and installment accounts, 10% of a FICO score.
- [Business Credit 101](https://www.creditstrong.com/business/business-credit-scores/): Explains FICO SBSS scores, SBA loan requirements, and the difference between financial and vendor tradelines.


## Blog

- [All blog categories](https://www.creditstrong.com/blog): Index of consumer personal finance articles.
- [Credit building](https://www.creditstrong.com/blog/credit-building/): Strategies for establishing and improving credit.
- [Credit cards](https://www.creditstrong.com/blog/credit-cards/): Card selection, usage, and utilization guidance.
- [Credit reports and negative items](https://www.creditstrong.com/blog/credit-reports-and-negative-items/): Disputes, collections, and derogatory marks.
- [Credit scores and fundamentals](https://www.creditstrong.com/blog/credit-scores-and-fundamentals/): How scoring models work.
- [Budgeting](https://www.creditstrong.com/blog/budgeting/): Household budgeting and saving.
- [Debt](https://www.creditstrong.com/blog/debt/): Debt payoff and management.
- [Students](https://www.creditstrong.com/blog/students/): Credit and money topics for students.
- [Business finance blog](https://www.creditstrong.com/business-blog): Articles on business credit, business loans, and startups.
- [Video](https://www.creditstrong.com/blog/video/): Video explainers on credit topics.