
Build Credit, Pay Less, Pay it Off
Easier-to-repay credit designed to build financial fitness.
We don’t like that Tennessee payday lenders can charge interest and fees up to 460% per year, that payday loan borrowers pay more in interest and fees than they borrow, or that the loans seem designed to trap borrowers.
When someone refinances a payday, title, or flex loan with credit from BetterFi, they build their credit score, pay less, and can actually pay off the loan.
Stuck paying and paying on a payday, title, or flex loan debt trap?
Work with an organization that might benefit from working with BetterFi?
ReFi is step one of our clients’ financial fitness journey.
We want our clients to pay off our loan, build credit, and be able to use conventional finance in the future.
We report to all three major credit bureaus through the Credit Builders’ Alliance, so not only do we provide financial assistance, but clients who repay on time can become more bankable.
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Throughout BetterFi's pilot, we are partnering with other organization whose clients, members, employees, or congregation could benefit from access to affordable emergency loans and/or financial coaching. We look for partners who will vet potential clients and assist clients in the collection of required documents, referring individuals who will commit to improving their financial fitness and repaying any loans that they receive.
Our credit products exist to move clients along the path toward conventional finance, whether by refinancing a predatory loan, or helping our clients to build toward a savings target while benefiting from credit reporting.
*estimated cost of BetterFi loans are for illustrative purposes and are not quotes. Terms and conditions apply, and actual costs will be dependent on specifics of the loan.