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.

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    REPORTING

     Reports an installment loan of up to $18,000 to the 3 major credit bureaus

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    HISTORY

    Increase the average age of your credit history 

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    GROWTH

    Grow your savings over time

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    NO COMMITMENT

    No fixed commitment – You can cancel any time at no cost

    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.

    Magnum® 4500
    $4,500 account

    Magnum® 9000
    $9,000 account

    Magnum® 18,000
    $18,000 account

    Note: All amounts above are estimates based on on-time loan payments, actual amounts may vary depending on timing, amount, and number of payments.

    You Got This!

    Ready to get started? Complete your online application in a few minutes.

    Accountholders must be at least 18 years old and a citizen of the United States or permanent resident with a valid social security number. Applicants for accounts are subject to verification of identity. A valid bank account or debit card account are required for payment. All loans are subject to consumer report review and approval.

    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.

    Credit Strong® is a registered trademark of Austin Capital Bank SSB. FICO® is a registered Trademark of Fair Isaac Corporation. Austin Capital Bank SSB. Member FDIC. Equal Housing Lender. © 2019 Austin Capital Bank SSB. All Rights Reserved.