At pāyZero® Financial, we use your household budget to Approve you for a Personal Loan, or Low Interest Line of credit based on results from a cash back rebate generated when you enter your household budget into the MyXtraMoney® System calculator.
Any new monthly Cash Back found is deposited into a FDIC secured Escrow Account at PayZero® Financial that will instantly establish you a credit limit of 12X’s the cash back amount generated by your rebate. Your New loan, or line of credit will immediately be reported to the credit bureaus as zero balance, and in good standing.
All the borrower has to do is:
- Go Beyond Budgeting™, and agree to handle your household budgeting using MyXtraMoney® Cash Back Banking for a minimum of 3 months.
- Deposit the difference between your current savings and your new savings into the FDIC Insured Escrow Account.
- You will be issued a line of credit, and the limit will be 12 times the cash back amount.
- After 90 days, you will be able to cash out with a Credit Line of between $3,100 – $10,000
Compared to other lenders, we offer greater flexibility with how much a person can borrow based on their ability to pay, not just a credit score.
- Limits are $3,100 – $10,000
- Can be financed as long as 72mos.
- 5% interest if you are a user of the MyXtraMoney® System.
- Instant 30 to 50+ point boost to your FICO® score. Reporting begins the moment you start using the the MyXtraMoney® System.
- Minimum FICO® score of 480 is required
- Must be Full-time employed with a W2, or steady verifiable income
- Must have direct deposit
- Must have a minimum total household income of $2500/mo.
Disclaimer: Because we lend to individuals with challenged credit ratings, we first introduce all of our potential borrowers to the MyXtraMoney® System. The pāyZero® Credit Builder Line of Credit™ is designed to help you improve your credit. Therefore, each potential borrower is required to enter their household budget into the MyXtraMoney™ calculator to determine the maximum recommended loan received. Then we ask each applicant to contribute to the pāyZero® Escrow Account for 90 days before loan proceeds are deposited.
The quicker you start using MyXtraMoney®, the faster your loan will be funded. In return, during those first 90 days, we will immediately begin reporting a positive loan trade line to the credit bureaus on your behalf, instantly boosting your score by 30 to 50+ points. MyXtraMoney® is based on FDIC® insured online banking (controlled by you) that introduces a “New Way To Bank” based on timing, designed to allow you to have more cash at the end of your month.
5% Credit Builder Loan™ Advantages:
- Easy Qualifying – Our loans are for people that are full time employed with a w-2 with Direct Deposit and have credit scores between 480 – 649. Sometimes, because of credit, being accepted for a personal loan can be totally out of reach, until now.
- The Smarter Choice – We do a financial budget analysis using answers from your MyXtraMoney® for each client for loan repayment affordability purposes.
- Zero Interest Opportunity – Clients who use MyXtraMoney® as their new way to manage their money will experience zero interest on loan payments.
- Regular Credit Reporting – We immediately begin reporting your payments history to all three bureaus. And will do so every month.
We all know loans are based on credit score. Well we built this system especially for people with a FICO® score of between 480 – 649. We simply ask all of our clients to complete a financial budget checkup as part of our application process so we can provide you a loan based on your ability to pay. Simply log onto the secured MyXtraMoney® page and fill in your net income and monthly bills. From there, your loan application will be processed mostly on your ability to pay.
Should you decide to use the MyXtraMoney® System as your new way to perform your household budget, then your approved loan can be interest free.
pāyZero® Financial provides all the same usual and customary personal loan financing as any other bank or lender, with one exception. At pāyZero®, we are Financial Advisors. We purposely mixed personal finance with personal loans in order to make every loan decision a smart decision. Not only are you going to experience an easy entry into the loan rates and terms you desire, you are also going to have the opportunity to FREE YOURSELF of loan payment interest and debt as soon as possible without you having to make extra payments to pāyZero®, or any lender out of your budget.
PāyZero® Financial says as long as you use MyXtraMoney® and are actively contributing your Cash Back Benefits to the pāyZero® Escrow Account, even with a FICO® score as low as 480, you can be approved for a personal loan. || Simple As That!
Our Zero – Turn Down Guarantee:
We are Financial Advisors. If we do not approve your loan based on your credit score, we can have your personal credit repaired at Zero cost out of pocket.
- Lightening Fast Credit Repair By Professionals
- Managing your expectations from the start
- Results in 30 – 45 days
- Our team is network of top credit repair specialists
- No Out of Pocket Expenses
Bankruptcies | Student Loans | Tax Liens | Medical Liens | Credit Card Debt | Inquiries | Child Support | Repossessions | Evictions | Etc.Apply Now