Credit Building news and trends

IDIQ Debuts CreditBuilderIQ as Consumers Feel Pinched
Personal Finance // April 16, 2024

Financial intelligence company IDIQ has launched a platform that aims to help consumers build their credit scores. CreditBuilderIQ, announced Tuesday (April 16), joins the company’s suite of identity theft protection, credit monitoring and financial wellness tools.  “With consumer debt at an all-time high, rising delinquencies, and reduced credit...

Chime Extends Fee-Free Overdraft Feature to Credit Builder Card
Personal Finance // March 25, 2024

Chime’s fee-free overdraft feature, SpotMe, is now available when members use the Chime Secured Credit Builder Visa Credit Card, in addition to debit card purchases and cash withdrawals. With this overdraft line of credit, members can access up to $200 in fee-free SpotMe coverage when using their...

Bilt Explores Mortgage Payment Rewards Amid $3.1 Billion Valuation
News // January 24, 2024

Rent payment loyalty platform Bilt Rewards is now a $3.1 billion company. Bilt’s new valuation follows a $200 million equity investment led by General Catalyst, as well as the addition of General Catalyst managing director Ken Chenault and NFL Commissioner Roger Goodell to its board, the company said...

NerdWallet Launches Secured Credit Card and Credit-Building Features
Credit Cards // October 26, 2023

Financial guidance platform NerdWallet has launched its first credit card. The new NerdUp is a secured credit card that is designed to help consumers build and improve their credit responsibly, NerdWallet said in a Thursday (Oct. 26) press release emailed to PYMNTS. “NerdWallet identified a major gap...

Interviews & Exclusives
Together Is Better: Banks And FinTechs Crack The Code On Financial Inclusion

September 15, 2017
The favored narrative about banks and FinTech startups is generally not a love story. Usually, it is more of an all-out war story. Banks represent the old way of handling financial services – and in fairness, they carry a lot of responsibilities that deposit-taking institutions don’t necessarily have. Of course, banks have to be run […]

Quick Reads
IDIQ Debuts CreditBuilderIQ as Consumers Feel Pinched

April 16, 2024
Financial intelligence company IDIQ has launched a platform that aims to help consumers build their credit scores. CreditBuilderIQ, announced Tuesday (April 16), joins the company’s suite of identity theft protection, credit monitoring and financial wellness tools.  “With consumer debt at an all-time high, rising delinquencies, and reduced credit availability, consumers more than ever need to take control of […]

Chime Extends Fee-Free Overdraft Feature to Credit Builder Card

March 25, 2024
Chime’s fee-free overdraft feature, SpotMe, is now available when members use the Chime Secured Credit Builder Visa Credit Card, in addition to debit card purchases and cash withdrawals. With this overdraft line...

Bilt Explores Mortgage Payment Rewards Amid $3.1 Billion Valuation

January 24, 2024
Rent payment loyalty platform Bilt Rewards is now a $3.1 billion company. Bilt’s new valuation follows a $200 million equity investment led by General Catalyst, as well as the addition of General Catalyst...

NerdWallet Launches Secured Credit Card and Credit-Building Features

October 26, 2023
Financial guidance platform NerdWallet has launched its first credit card. The new NerdUp is a secured credit card that is designed to help consumers build and improve their credit responsibly, NerdWallet said...