The New Credit Company is a financial services company focused on credit building. It offers a "Credit Builder Loan" where the loan amount is secured in a savings account while the customer makes small, regular payments over a specified term. The company reports these on-time payments to major credit bureaus (Equifax and Experian) to help customers establish a positive payment history. At the end of the loan term, the customer receives the principal funds. The company's mission is to provide a responsible, transparent, and accessible way for people to improve their financial health through better credit.

Founded in

United States