Sbnaselflndr Credit Report (2024)

FAQs

What is SBNaselflndr on my credit report? ›

If you have the Self Credit Builder Account, you may see the entry on your credit report as "SBNASELFLNDR" or "SBNA SELF." The "SBNA" is a placeholder for Sunrise Banks, NA.

The free score from Self is not calculated by FICO, so while it's not a false score, it's not the score that most lenders will use to judge whether or not you're credit worthy. The credit score that Self uses is VantageScore 3.0 credit score from Experian/CSID.

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.

Along with many other pieces of information, potential lenders, and creditors – including credit card companies, mortgage lenders and auto lenders – may use your credit scores and credit history to help make lending decisions. These companies want to know how likely you are to pay the money they lend back as agreed.

Especially since Self only reports bills to TransUnion while rent payments are reported to all three Credit Bureaus. “Self's rent reporting provides a simple and free option for renters to benefit from paying their biggest expense each month and to work towards a more secure financial foundation.”

Most negative reviews cite poor customer service, issues retrieving funds after completing the loan, and high fees. The BBB has put out an alert on Self over the numerous reports of fraud and difficulty receiving payments coming from consumers.

For the majority of lending decisions most lenders use your FICO score. Calculated by the data analytics company Fair Isaac Corporation, it's based on data from credit reports about your payment history, credit mix, length of credit history and other criteria.

Failure to make monthly minimum payments by the payment due date each month may result in delinquent payment reporting to credit bureaus which may negatively impact your credit score. This product will not remove negative credit history from your credit report. All loans subject to approval.

Self reports your payments to the three major credit bureaus, Equifax, Experian and TransUnion. Any late payments will hurt the credit you are trying to build. After about six months, your repayment activity should generate a FICO score if you didn't already have one; your VantageScore can be generated sooner.

For other types of credit, such as personal loans, student loans and retail credit, you'll likely want to know your FICO^® Score 8, which is the score most widely used by lenders.

Does paying more on self build credit faster? ›

With the Self Credit Builder Account, you can typically choose to deposit $25, $35, $48 or $150 per month over a 24-month term (length may vary). However, taking on a larger loan doesn't necessarily mean you'll build or rebuild your credit faster.

There are many factors that lenders consider when looking at your credit history, and each one is different. The typical timeframe is the last six years.

Some of the easiest loans to get approved for if you have bad credit include payday loans, no-credit-check loans, and pawnshop loans. Personal loans with essentially no approval requirements typically charge the highest interest rates and loan fees.

Call 877-883-0999 and choose option 1.

If you decide to close your account before it's paid off, you can access the money in the CD, minus fees and interest, and the amount you still owe. Self offers two-year terms for four different monthly payment options.

Sunrise Banks is a principal member of the Visa, Mastercard, and Discover networks. We develop strong partnerships with program managers that seek to deliver reloadable gift, payroll, incentive, and general purpose prepaid card programs. However, we know it isn't all about plastics.

Lead Bank is a community bank based in Kansas City that partners with Self Financial to bring you certain Self accounts.