Credit Strong MAGNUM
Supercharge your credit with Credit Strong MAGNUM, the nation’s largest and longest credit builder accounts. MAGNUM accounts offer commercial grade credit building and are designed for people who are looking to prime their personal credit for business credit goals.
Who are MAGNUM Accounts designed for?
Focus on Credit Profile, not Credit Score
Credit Strong MAGNUM accounts are good for customers who need to demonstrate their ability to reliably repay larger credit obligations. This may include customers who want business credit down the line, or a large personal loan.
Please note that because of their large size, Credit Strong MAGNUM accounts are not for everyone.
If you are focused solely on building your credit score, a Credit Strong Subscribe or Build & Save account might be better suited to your goals.
Priming Personal Credit for Commercial Credit Goals
Credit Strong MAGNUM accounts still report on a social security number instead of a business EIN. However, it can help individuals in cases where the lender will include the borrower’s personal credit history as part of the commercial loan credit decision.
Some lenders may look past an applicant’s credit score and make credit decisions based on the tradelines reported in a credit profile. They may also discount small $1,000 or $2,000 credit builder accounts in their underwriting criteria.
Decreasing Cost - Increasing Savings
With MAGNUM accounts, every month your interest cost goes down and your savings progress accelerates.
The tables below illustrate interest expense vs. savings progress for MAGNUM 5000 and MAGNUM 10000 accounts.
Note: All amounts above are estimates based on on-time loan payments, actual amounts may vary depending on timing, amount, and number of payments.
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Credit Strong is NOT a credit repair service and does not remove negative credit history from your credit profile. Disclaimer: Credit profile improvement is not guaranteed. Changes in your credit score reflect individually specific financial behavior and history. Failure to make minimum required loan payments on-time may result in your loan payment(s) being reported as delinquent to credit bureaus which may negatively impact your credit profile.
Testimonial Disclaimer: Individual results may vary. Unique experiences and past performance for individuals do not guarantee future results for other individuals. Testimonials may not be representative of all individuals and certain individuals may have inferior results than indicated in testimonials.
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