Imagine you wish to purchase a car on loan. However, this is the first time you have considered taking a loan. Till now, all your purchases were paid up front, and you never opted for easy monthly installments. How do you assure the loan provider that you are not a credit risk when you do not have a credit score? Enter credit-builder loans. These loans offer the uninitiated a chance to build a loan repayment record, thereby enabling easy loan access.
