What is up everybody welcome back to the channel, so one thing that i have noticed on my channel specifically is: i do have a lot of subscribers like commenters and supporters, that ask me different ways to build credit than the traditional secure credit card method. The secure credit card method is a great method. I see nothing wrong with it, but as times change so do we today i want to talk about a great product that i definitely recommend for building your credit. Let's get right into the video.

What's up everybody welcome back to the channel, my name is walter. This is the credit card master channel, where i talk about travel credit and how to build your credit. That's something that you're interested in give me that, like give me that thumbs up and make sure you also subscribe to the channel. If you find this video - or you know the videos on my channel helpful, one of the big goals when it comes to finances is your credit.

Today i wanted to talk to you about a company called cfi. Seed5 products are currently offered in 32 states, including washington dc, that allows them to reach approximately about 80 percent of consumers. Don't worry if you're, not through 32 states, they do plan on getting the next 15 in the next coming months. Seed fi currently has two different plans.

The first consumer plan is the credit builder plan. Now this product right here is designed to help customers save money and build credit at the same time. The second method is the borrow and grow plan. Just like the first plan.

This plan helps customers save money and build credit at the same time, but on top of that, it lets customers get some money up front. Now, let's go over to the computer to talk about the two different plans that c5 has and we can further explain it. All right, so this is the front page of the c5 website. Definitely like it definitely looks very user friendly and very modern.

So what you're going to do is just click on learn more about our plans and, like i said we have those two plans here and then that one plan that comes out soon and we'll talk about that in another video when that comes out so the first One we're going to click on is the credit builder plan. All right, like i said this, one is good for building credit saving money all right, so we're going to click on sign up and you're going to choose how much you want to save every month to build your credit, so you can do 20, 40 or 80.. I'm going to do something small, why not? Let's do 20, okay and and then next it asks you how much you want to set aside when you get paid, and this is easy just pick, do you get paid every other week? Do you get paid twice a month or once a month? Typically people get paid every other week, so we're going to click that one and let's say we get paid to tomorrow. Let's say we get paid on the 16th of july, so we start tomorrow, and here is the plan that seed5 has for us to build credit, so we'll save 500 over the next 52 paydays.

My first contribution will be due on friday july 30th. Uh. If you make your ten dollar contributions on time every other week, then 52 on time, payments will be reported to all three credit bureaus and you will gain access to your savings on july 28. 2020.

Now this is pretty cool right here, because it tells you your plan will appear in your credit report by this date a lot of companies or mostly every company. You don't really know even credit cards. You don't know when it's going to report on your credit report. So this is pretty awesome.

You can receive credit score updates every other week and you'll start building credit with each on time payment. So that is amazing, um to see that and just click on start my plan, and then you go ahead and make your account. That is amazing. It was very easy, very moderate and, most importantly, very user friendly.

It wasn't a bunch of things on a website that made it hard. It broke it down very easy. I love how they use, charts and graphics. Very easy, very simple.

This is an amazing tool for the ones, especially for my customers. I've made about two or three secure credit card videos on this channel and they've done really well, but one of the bigger ones was. I went to get a secure credit card and it just didn't work out. They didn't approve me because i had no credit.

This is a perfect option for you. I know you may have heard of self, which is another builder product for credit. Now here is the difference between self and seed, fi self charges, a 15 interest rate seed, fi charges, one dollar per month. Now here's the cool part seed fi has their own referral program for existing customers.

So, even if you pay one dollar a month, which is nothing to help build your credit, if you get someone - and you refer someone and they apply under your link - they will give you your product for free, which is amazing, and you can also earn up to Ten dollars per person on each additional referral up to one thousand dollars. You literally can refer a hundred people and walk away with an extra thousand dollars. Just for doing the right thing. That's an amazing product.

I think the most important one and the biggest one is self-charge is a late fee. Seed fi does not all in all this product to me gets an a plus on how it is operated and how it works. This product is for the consumer. Definitely i can see that, and it really depends on your personal situation as far as what you need.

I wish when i was getting my credit established that i knew it was a product out here like this, i believe, maybe about five years ago. Products like this. Probably really didn't exist, um five six years ago, they didn't really even exist for me, so i had to go the old-fashioned, secure credit card way and uh. It was a bunch of declines.

So it did. You know a bunch of the inquiries did hurt me slightly as far as my credit score, this one is such an easier path and it really doesn't cost you anything up front. The next plan is called borrow and grow. Then this one is good for anyone who needs immediate cash.

They also want to build credit, and it's also for growing your savings. Let's go ahead and click on that. Now you get access up to 4 000 for less and checking your offer without harm. So what you're going to do is you're going to click right here on check, offer you'll enter your name number.

The state you live in you're, going to create an account uh, email, mobile number, password and you'll receive a notification, and you go from there now to explain how this one works is very simple. It's very similar to the first plan, which is the credit bidder plan. This one again is called the borrowing grow plan. Here's how this one works.

So you borrow the money you need today, plus some extra later for savings all right and you build credit just like on the first plan, with every on-time payment and when you finish paying off your loan uh. You owe zero and unlock your savings. Now. Here's the cool part about this um.

Typically, this loan is the average payment, for this is anywhere between 50 to 100 per paycheck, and the apr is anywhere between 14.99 up to 29.99 percent, which typically can be lower uh than most uh products. So i love how easy the website breaks down these things. So just for a better explanation here is the breakdown. So let's say you have a loan total for forty five hundred dollars all right, so you get access now, three thousand dollars with a savings for later of fifteen hundred all right, your payment a month is going to be eighty dollars every two weeks.

So that's about a hundred and sixty dollars per month, so it's not bad at all and the apr is 19.99 percent and this plan lift is for 34 months. That's pretty cool um and i love how it lets. You take some money now, but it also lets you build and have something more to look forward to and while you're making them on time payments. You are building credit as far as the two plans are concerned, if you're going to ask me well which one should i look into really depends, i mean for someone who is really just trying to get established and you don't need extra money.

Your goal is to simply build your credit, then that's the easy choice. That's going to be the credit builder plan for someone who wants to access a little bit more money up front, also build credit and also put money towards your savings for the future, and that's easy too. The borrowing grow plan is the one for you all in all. These are both great products.

You cannot go wrong with any of them and i'm really excited for them to bring on that. Third one as well like i said, which we'll talk about in another video. If you wanted to check out this amazing product click, the referral link down below it would help out the channel tremendously. If there's one thing that this year and last year showed us having credit is crucial.

So this is the perfect opportunity for a lot of you to build credit, especially like the ones we talked about with my secure credit card videos where you're just not being approved, because you have no credit. This is the perfect alternative and the perfect opportunity for you guys to start your future now. I hope you guys enjoyed this video if you did make sure you give me a thumbs up. If you did check out c5 leave review reviews down below.

Let me know let the other people are going to watch this video know and again. I hope this video helped you make sure you like share and subscribe i'll talk to you soon be safe. You.