StellarFi is a bill management tool that improves the most important factors that make up your credit score. StellarFi is a better alternative to less effective, and more expensive methods of building your credit score.
Our mission is to make it possible for anyone to achieve a good credit score.
Whether you’re starting out with no credit, trying to improve bad credit, or just want to make your good score GREAT, StellarFi can help.
Why did we build StellarFi?
StellarFi was built to support a common issue most people experience – managing their bills and improving their finances through a better credit score. StellarFi was founded by someone who knows this issue first-hand. After arriving in the United States as a refugee, the founder of StellarFi experienced how the complicated credit system in the U.S. keeps people from being able to achieve the credit scores they really deserve. So he built something better.
StellarFi provides a path to good credit that anyone can access. All you need is a bank account and some bills to pay to get started.
How does StellarFi build your credit?
In short, StellarFi turns the bills you’re already paying (like utilities, rent, gym memberships, and more) into credit-builders. StellarFi is a credit account that by reports your payments as a line of credit to the major credit bureaus (similarly to a credit card).
StellarFi positively impacts more than 80% of factors that increase your credit score. Most notably, StellarFi aids you with a positive payment history by paying your bills on time (35% of the credit score algorithm). StellarFi also helps your credit use (i.e. DTI or “credit-to-debt ratio”) as it pays your credit account simultaneously with each bill payment. This means that you won’t have an outstanding balance that will contribute to more than the recommended 30% DTI.
Typically, rent and household bills don’t positively affect your credit score. However, when you pay them through StellarFi, they can dramatically improve your credit score.
The reported line of credit is called your StellarFi Limit. This limit grows with each payment successfully made through the platform. A higher reported credit limit can have a powerful impact on your credit score and our most popular plan allows members to grow their StellarFi Limit up to $25,000.
How does StellarFi impact all VantageScore® and FICO® models?
Learn exactly what happens behind the scenes when you use StellarFi to build your credit.
