Our SaverLoan™ program is designed to help you accomplish two very important goals:
We put that same amount of funds on hold in a special savings account – 100% of the amount will remain on hold the entire time the loan is in repayment
Your loan amount is based on your CashBack results. Each month you participate in the SaverLoan™, the amount you save is your loan payment. Terms are 12 months and 10%. Returned to you after your loan matures.
Your monthly payments are reported to all three credit bureaus.
Once you’ve paid off your SaverLoan™ Account, your Account unlocks and the money is yours (minus fees and interest).
Since the funds secure this loan, we place an account on your behalf; your credit history is not considered in the approval process.
Should you decide to cancel the loan or become delinquent, we will close the loan and return the payments you made back to you. This will be processed the day before the loan is considered 30 days delinquent, so no negative payment history will be reported.