a 32-point On average, consumers see a 32-point increase in their credit score from the Self Credit Builder Account. But the change in your credit score may be more or less significant. It depends on your credit profile, credit history, how long you keep the Credit Builder Account open and if you make timely payments.

Yes, you can view Self as a way to save money and build credit, but if you want to save money, Self is far from the best savings account. You can also find better secured credit cards than the Visa secured card that Self offers.

CEO James Garvey CEO James Garvey founded Self in 2015 after making a mistake with automatic payments on his credit card. By the time he caught it, his credit score had tanked. In searching for a way to rebuild his credit, he saw some of the challenges faced by the more than 100 million Americans with low or no credit.

Choose a Credit Builder Account Today, activate your account by paying a one-time, non-refundable administrative fee of $9. Next month, pay $35 per month for 24 months. Each month you build credit history with all three credit bureaus. After 24 months, you've established credit history and you get $724.

Creditors typically report updated information monthly, so it is possible to improve your score by 100 points in 30 days. It will likely take several months for your score to realize its full potential, though. You can use WalletHub's free credit score simulator to learn how different actions can affect your credit.

Here are 10 ways to increase your credit score by 100 points - most often this can be done within 45 days.

• Check your credit report.
• Pay your bills on time.
• Pay off any collections.
• Get caught up on past-due bills.
• Keep balances low on your credit cards.
• Pay off debt rather than continually transferring it.

There's no credit score required and no hard credit pull to get started. Build credit with all 3 major credit bureaus. Build payment history, which equals 35% of your credit score. Get the opportunity to access Self's secured credit card, which affects even more factors in your credit score.

The minimum credit limit is $100. As you make payments on your Credit Builder Account each month, you can choose to increase your credit limit up to a maximum limit of $3,000. Plus, Self considers those who have held a Self Visa card for six months or longer for an unsecured credit limit increase.

Experian VantageScore 3.0 If you receive these services, it's worth it to ask if they can provide you with a score. Sign up for free and begin monitoring your credit now. Self's credit monitoring tool utilizes the Experian VantageScore 3.0 model.

Experian Some lenders even use their own scoring models. So if you see one score on your CreditWise and a different score through Self, for example, that's why. While both of these sites use a VantageScore model, CreditWise pulls from TransUnion, while Self pulls credit score data from Experian.

After you open a Self Credit Builder Account, if you make your monthly required payments in full and on time for three months and you've accrued at least $100 in payments in your Credit Builder Account, you're eligible for the Self Visa® Credit Card.

However, it'll take much longer to reach your goal if you're trying to raise your score by 200 points. Patience is key here! It may take anywhere from six months to a few years to help raise your score by 200 points depending on your financial habits.