Will credit builder improve my credit rating?

yes creditbuilder will improve your credit rating. 

How much does creditbuilder cost?

You pay NO interest on the loan and there are NO administration charges, you just keep paying the regular monthly fee for 12 months.

Will I get the money back on my card?

No. The monthly fee is effectively a loan, the monthly fee is calculated for the whole year and divided by 12 equal payments this is an additional service to your card provider for paying the monthly fee. You will need to contact your prepaid card provider and as soon as your credit builder agreement is approved they will credit your prepaid card account with 12 monthly payments and then use this to pay your next 12 months fees. For each of the following 12 months they will then deduct the normal monthly fee from your prepaid card account and use it to repay your credit builder loan.

What does APR mean?

APR is the Annual Percentage Rate. It is an expression of the effective interest rate that the borrower will pay on a loan, taking into account one-time fees and standardising the way the rate is expressed. In other words the APR is the total cost of credit to the consumer, expressed as an annual percentage of the amount of credit granted. As the APR for creditbuilder is 0.0%, when you are loaned amount for creditbuilder, you only pay back the annual amount by monthly

What is the APR on the loan?

The APR on the credit builder loan is 0.0%. You do not pay any interest on the loan. Buy prepaid credit cards