Repaying a Self Credit Builder loan is straightforward and can be done through the Self app or website. Users simply log in, select the Credit Builder option, and enter the amount they wish to pay. Payments can be made manually or set to autopay, ensuring timely payments. The app also allows users to choose their preferred payment method, such as a bank account or debit card. Making consistent payments helps users build credit over time, with the added flexibility of reviewing and confirming each payment before submission.
Make Payments Online Through the Bank Account
Log In. Access your Self account.
Select Credit Builder. Click "Credit Builder" at the bottom of the screen.
Make Payment. Click "Make a payment."
Enter Amount. Input the amount you'd like to pay in the payment field.
Make Payments Through the App
Log In. Open the Self app on your mobile device and log in.
Select Credit Builder. Tap "Credit Builder" at the bottom of the screen.
Make Payment. Tap "Make a payment."
Enter Amount. Input the amount you wish to pay.
Review Payment. Ensure your preferred payment method is selected.
Confirm Payment. Verify the payment details, including any debit card fees, and tap "Confirm payment."
Make Payments Through a Different Bank
Obtain Payment Details. Gather all necessary information, including your loan account number and the Self account details where the payment should be sent.
Log in to Your Bank Account. Access your bank’s online banking portal by logging in with your credentials.
Set Up a New Payee. Navigate to the bill pay or transfer section of your bank's website. Select the option to add a new payee and enter the Self payment details, including the bank account number and routing number.
Schedule the Payment. Choose the payment date and enter the amount you wish to pay. Confirm the details and schedule the payment. You can choose to make a one-time payment or set up recurring payments if your bank supports this feature.
Confirm and Track the Payment. After scheduling the payment, confirm the transaction. Keep an eye on your bank account to ensure the payment is processed and funds are deducted.
Via ATM
Locate an ATM. Find an ATM that supports loan payments. Some banks and financial institutions offer this service.
Insert Your Debit Card. Insert the debit card linked to your bank account into the ATM.
Select the Payment Option. Navigate through the ATM menu and select the option for making bill payments.
Enter Payment Details. Provide the necessary details, such as your Self account number. You might also need to enter the amount you wish to pay.
Confirm and Complete the Transaction. Review the payment details for accuracy. Confirm the transaction to complete your payment.
Yes, you can pay Self early. You can opt to pay a few days earlier, and it won't hurt your credit. One early payment of up to a month won't affect your score negatively, too. Yet, you can't shorten your payment term, as Self is aimed at reporting your payments to increase your credit score.
What happens when you pay off Self?
Once your payment term ends with Self, you close an account and get your money back. By this time, your credit score will likely be higher.
