Credit Elephant is a financial services company that provides a pathway for consumers to build or repair their credit scores. The company's primary product is a credit-builder loan where the loan proceeds are held in a secure savings account for the duration of the loan term. The customer makes regular, small payments which are reported to all three major credit bureaus (Equifax, Experian, and TransUnion). Upon successful completion of the loan term, the principal amount is released to the customer, helping them establish a positive payment history and build savings simultaneously.

Founded in

Canada