Build credit fast with all 3 bureaus in 15 days¹ with low interest² and no hidden fees.³
FDIC-insured · Cancel anytime⁴
1. Choose a plan
2. Make monthly payments
3. We report to all credit bureaus
4. You build credit every month and get money back
95% of users with fair credit see a 20+ point increase in just 2 months.⁵ Starting below 580? You could see even more.
Cheers Credit Builder is a financial tool designed to help you build credit while growing your savings — with no hidden fees, no hard credit checks, and no surprises.
It works by reporting your monthly payment activity¹ to all three major credit bureaus. Your payments are securely held in a Certificate of Deposit (CD) and returned to you at the end of the term, minus interest.
Join a community of like-minded individuals on a journey to better credit and financial health.
Stay on track with stress-free autopay, ensuring your credit-building journey is smooth and hassle-free.
Maximize your credit-building potential with reports to Experian, Equifax, and TransUnion.
Life happens. Pause or cancel anytime, and take your savings with you, no questions asked.
We report to all 3 bureaus within 15 days of account opening.¹
95% of users with fair credit see a 20+ point increase in just 2 months.³ Starting below 580? You could see even more.
You get your full savings back minus a low 12.15% APR interest. No hidden fees. No wasted money⁴.
No contracts, no penalties. Cancel anytime and take your savings with you⁵.
Join a community of like-minded individuals on a journey to better credit and financial health.
Stay on track with stress-free autopay, ensuring your credit-building journey is smooth and hassle-free.
Maximize your credit-building potential with reports to Experian, Equifax, and TransUnion.
Life happens. Pause or cancel anytime, and take your savings with you, no questions asked.
Select a plan—signing up is easy and takes just minutes. We report to all three bureaus (Equifax, Experian, and TransUnion) within 15 days of your account opening, thanks to accelerated reporting.¹ Enjoy even more automation by enrolling in autopay. Sit back while your score gets moving.
35% of your score comes from payment history, and 10% from credit mix. Cheers helps with both — by reporting every payment and adding a secured installment loan to your profile.⁶
First-time credit builders
for 24 months
Savings Returned $532.7
Total payments
$600
Total payment No.
25
Savings Returned
$532.70
Final Cost
$67.30
APR
12.15%
Rebuilding or steady improvement
for 24 months
Savings Returned $733.13
Total payments
$825.02
Total payment No.
25
Savings Returned
$733.13
Final Cost
$91.89
APR
12.15%
Preparing for major goals
for 24 months
Savings Returned $1,021.69
Total payments
$1,149.98
Total payment No.
25
Savings Returned
$1,021.69
Final Cost
$128.29
APR
12.15%
Maximizing reported activity
for 24 months
Savings Returned $3,197.82
Total payments
$3,600
Total payment No.
25
Savings Returned
$3,197.82
Final Cost
$402.18
APR
12.15%
No hidden fees or penalties³
Low APR at 12.15%
Your money is FDIC-Insured
“According to FICO®, 35% of your credit score comes from payment history and 10% from credit mix. Cheers helps build both with accelerated reporting to all three bureaus in as little as 15 days — at a low APR and no hidden fees. It’s a fast and affordable way to each your financial goals faster.”
“Excellent satisfaction. I‘m excited to be a customer for life forever.”
“Great concept and I love that I get the money back after settlement.”
“Looking forward to building my credit with Cheers and a Great Experience!! Let‘s Goooooooo”
“Easy quick savings and it builds my credit.”
No Credit Check - subject to ID verification.⁶
My credit score went up by 47 points with Cheers within the first 2 months! ⁷
You build credit and save for emergencies at the same time. It’s killing two birds with one stone.
Reporting started fast and I saw progress in my credit within a month!
