How It Works
Build Credit Fast
Credit Escalator improves factors that make up 85% of your credit score
No credit check. 0% Interest. No Fees.
Sign Up for a Credit Escalator Credit Account
Add Your Monthly Bills
Pay Bills & Build Credit
How Credit Escalator Helps
Payment History
Credit Utilization
Credit Type
A good mix of credit types counts 15% towards your credit score. Here are some different types of credit:
Credit cards, one of the most common credit types
Installment loans, such as mortgages, car loans, and personal loans.
Revolving credit, like lines of credit or home equity lines of credit (HELOCs), also affects your credit score, considering factors such as balances owed, available credit, and payment history.
Account Age
How much does Credit Escalator cost? A flat $10/month for your Credit Escalator Credit Account.
Credit Escalator services may result in bank fees when customer accounts are debited. Banks may charge nonsufficient fund fees, overdraft fees, or other fees. Credit cards may also incur interest charges. Credit Escalator is not responsible for any bank fees.
Have questions?
How does Credit Escalator work?
Credit Escalator is a credit-building service designed to help you build credit simply, safely and responsibly. Our product is designed to target the 5 major credit score factors.
Credit Account – our product: we report a line of credit and any bills like rent, phone, or a subscription service. It is designed to address 4 key factors of your credit score: payment history, credit utilization, types of credit, and age of accounts.
Build monthly payment history: Your Credit Account from Credit Escalator will simply require you to make monthly payments without interest or fees to build your payment history. We’ll report each of your payments to Equifax and Experian.
Reduce your credit utilization: Signing up for Credit Escalator gives you access to a $500 line of credit from Credit Escalator. Your monthly payments will be $10. Your credit utilization will be 2%.
Different types of credit is reported through your Credit Account.
Raise your age of accounts: The older your accounts, the better. Your Credit Account doesn’t expire—so keeping it open will continue to increase your average account age.
We recommend 12 months of on-time payments to raise your credit score the most.
Is this a credit card?
No. The Credit Account is a line of credit and service that reports your payments to Equifax and Experian. You will have the Credit Escalator Credit Account to build your credit. Unlike a credit card, the Credit Escalator Account can only be used to make your monthly payments. You will not have to worry about overspending or making too many purchases. The Credit Escalator Credit Account, for example, can’t buy gas or groceries. There is no physical card with the Credit Escalator Credit Account.
How much will Credit Escalator improve my credit score?
On average, customers with credit scores under 600 increase their credit scores by 58 points[1], with consistent on-time payments during the account lifetime. Many Credit Escalator customers have been able to qualify for better car loans, mobile phones, mortgages, credit cards, personal loans, and more.
Keep in mind, credit building is a long-term habit – like eating healthy or working out – so the most important thing is to make good financial habits; make your payments on-time, keep your utilization low, and keep your credit accounts active and open.
We recommend at least 12 straight months of on-time payments.
[1] Credit Score Increase: Based on Credit Escalator customers that used the Credit Account and made consistent on-time payments during account lifetime. This data is based on observed VantageScore 3.0 credit score changes. Payment behavior can have an impact on your credit score, and individual results may vary. Data current as of August 2023.
What bureaus does Credit Escalator report to?
Credit Escalator is an official data furnisher to the major credit bureaus: Equifax and Experian.
Are there other fees?
No. You are responsible for making on-time payments of $10 a month for your Credit Escalator Credit Account, but there are no additional interest fees, late fees, or other fees.
How do I let you know that I’ve paid my bills, rent, and other subscriptions?
Simply, upload your paid bills to your Credit Account. File types accepted: jpeg, pdf, png
When are the payments due?
The $10/month payment is due on the same day every month, the 15th. With Autopay you won’t have to worry about due dates.