Cedar finds the bills & subscriptions you pay each month and gives you a Line of Credit to pay them.
Spend Your Money
Add the Cedar Card as your payment method for the selected bills & subscriptions.
Watch Your Credit Grow
Repay the Line of Credit each month and Cedar will report your positive payment to the credit bureaus.
I HOW CEDAR BUILDS YOUR CREDIT
The Cedar Credit Builder provides positive payment history which is by far the most important factor in determining your credit score. Payment history accounts for 35% of your FICO score.
I WHAT IS GOOD CREDIT?
Credit scores are classified by these ranges
Excellent: 800+
Very Good: 740 - 799
Good: 670 - 739
Fair: 580 - 669
Very Poor: 350 - 579
I BENEFITS OF GOOD CREDIT
Lower interest rates on Loans and Credit Cards
Easier approval for renting
Better car insurance rates
I HOW CEDAR BUILDS YOUR CREDIT
The Cedar Credit Builder provides positive payment history which is by far the most
important factor in determining your credit score. Payment history accounts for 35% of your FICO score.