To begin your journey with Grow Credit, you will need the following:
A bank account where you deposit your income or a bank-issued debit card in your name
A valid email address
A valid phone number capable of receiving SMS messages
A Social Security Number (SSN)
You must be a permanent resident of the United States with a physical address in one of the 50 states or District of Columbia
You must be at least 18 years of age
Lift any credit freeze
You can join Grow with no credit history or limited credit.
Grow Credit underwrites loans using a proprietary machine learning model that takes the last 60-90 days of your banking activity into account. When you register for Grow and link your bank account via Plaid, Grow analyzes your account to determine which memberships you are eligible for.
If you don’t have a bank account, or you don’t meet the eligibility requirements for a standard plan, you may qualify for one of Grow’s Starter plans.
With a starter deposit, you can start growing your credit history with the same impact as Grow’s other plans. Unfortunately, once you have selected your preferred Starter plan, you will not be able to change plans.
Your starter deposit will be refunded after 12 months of consecutive on-time payments or in the event your Starter account is closed. The Starter accounts are reported with the same credit limits as the standard plans.