# SeedFi — Build Credit & Savings > Build credit and savings for free with no credit check. (iPhone/iPad app by McBurberod Financial, Inc..) - Source: https://appshunter.io/ios/app/seedfi/id1543834789 (this page in markdown: same URL + `.md`) - Developer: [McBurberod Financial, Inc.](https://appshunter.io/developer/1543834791) - Category: Finance - Price: Free - Rating: 4.40/5 from 1,128 App Store ratings · 53 written reviews indexed - Age rating: 4+ - Requires: iOS 15.2 · 44 MB - Languages: English - Released: 2021-05-24 - Data updated: 2026-06-10 - Monetization: free - User reviews in markdown: https://appshunter.io/ios/app/seedfi/id1543834789/reviews.md ## What is SeedFi? Improve your financial future with SeedFi. Build credit for FREE. No credit check. Save money too. KEY FEATURES OF CREDIT BUILDER PRIME Credit Builder Prime empowers you to build credit by saving money each paycheck for FREE. Here’s how it works: you set aside as little as $10 per paycheck, and before long you’ll have saved $500 and built your credit. Credit Builder Prime is FREE, there are no fees. Increase your credit score by up to 41 points after making on-time payments on all your credit accounts after 6 months!* Build credit for FREE No credit check No credit history to be approved Payments are reported to all 3 credit bureaus: Equifax, Experian, and TransUnion No late fees, surprise charges or admin starting fee Your payments can be as little as $10 per paycheck WHY PEOPLE CHOOSE SEEDFI Over 2,000 excellent reviews on Trustpilot (4.7 out of 5 stars) Credit Builder Prime is free, charges no interest, reports to all three credit bureaus, and sets you on a path to unlocking $500 in savings again and again. OUR CUSTOMERS LOVE SHARING “I am so happy that I found Seedfi when I did. I am trying to build my credit back up from the ground. Thank you SeedFi, my money is growing and I can't be any happier.” – Brittney, Trustpilot “SeedFi is great. The application was easy and quick. If you are looking to build your credit I would recommend giving them a try. Thanks SeedFi.” - Carolyn, Trustpilot CONTACT If you have any questions, please email us at help@seedfi.com. TERMS When you get SeedFi, you agree to our Terms of Service. You may review SeedFi’s terms of service at: https://www.seedfi.com/terms-of-use PRIVACY POLICY & OTHER DISCLOSURES You may review SeedFi’s privacy policy at: seedfi.com/privacy-policy Personal loans, lines of credit, and savings accounts provided by Cross River Bank, Member FDIC. *Based on a simulation conducted with TransUnion® data, customers who opened a SeedFi Credit Builder Plan from March 2021 through August 2021 would have shown an average increase of 41 points on their VantageScore 3.0 credit score if they had added a Credit Builder Prime to their credit profile and made on-time payments on all of their credit accounts for 6 months. Individual results may vary, and late payments can have a negative effect on your credit score. ## Key features - Build credit for free - No credit check required - Save money with each paycheck - Reported to all 3 credit bureaus - No late fees or surprise charges - Potential credit score increase ## What do users think of SeedFi? Overall sentiment: negative **Pros** - 🚀 Credit score increase - 💡 Helpful for building credit - 👍 Easy to use app - 👍 Great customer service **Cons** - 🐛 App issues and glitches - 🔒 Concerns about credit impact - 💰 Hidden fees and costs - 🔒 Difficulty withdrawing savings - 🔒 Accounts sold to other companies **Commonly reported bugs** - Login issues - App not functioning properly - Inconsistent information from customer service **Most requested features** - Mobile app improvements - Better communication about account changes - Easier process for closing accounts ## Recent user reviews (10 of 53) All indexed reviews: https://appshunter.io/ios/app/seedfi/id1543834789/reviews.md ### 1/5 — STAY AWAY FROM THIS COMPANY WILL AFFECT YOUR CREDIT SCORE *2023-07-08* Had I known that wanting to save money would end up lowering my credit score drastically I would’ve never fooled with this company. I wanted to save a couple of dollars, but once it was time for me to withdraw the monies that I saved they automatically closed my account. Once it closed my credit score drop drastically. I tried to call the company and of course the people that answer the phone have no clue on how to help me. This app is supposed to be a credit builder and all it did was up my credit score by little points an when I withdraw my savings, it dropped drastically 63 points to be exact. How are you supposed to withdraw YOUR money without having your credit score F’d with? If anybody reading this, do not do business with this company. It should be banned! ### 1/5 — STAY AWAY FROM THIS COMPANY WILL AFFECT YOUR CREDIT SCORE *2023-06-07* Stay entirely away from this company. This company claims that it’s a credit builder when actually when you take your funds out because you hit your target savings they will close the account and a closed account will drop your credit score drastically. Do not download and do no business with this company. I contact them, and they brushed me off. They took so long to contact me and to make things worse they said please refer back to the communication that you received on May 8th for the account closure. So that means for me to contact them again so someone else can take care of it is what I got out of that email. A horrible, horrible company. Sickening! ### 5/5 — What happened though?!? *2023-05-14* Loved this app when I could use it. After it ended I tried to do it again and the app no longer worked. Then I tried again and get a screen saying they no longer support the mobile app… so why is there even a mobile app? Then sent an email and got a response from Credit Karma because they are a part of Credit Karma (which I use) why is the service not offered or showing up on credit karma. What’s going on? ### 1/5 — Scammers. *2022-12-28, version 1.3.6* Started a loan with them only for it to be transferred to SST. So I paid the service fee and loan interest to Seedfi and now I have to pay a service fee to SST everytime I make a payment. Costing way more than what the original loan was for. Thanks for the useless reply, I’m aware you are with in your legal rights to change who is servicing the loan. It doesn’t make it any less of a crappy decision for your clients. Especially when SST adds an extra service fee. My account is literally 3 months old, if I had been told there would be a possibility of a change I wouldn’t have opened an account with you. **Developer response:** We understand your frustration that servicing of your loan has been transitioned to someone new. The terms of your loan are memorialized in the loan agreement and will remain the same. The specified loan servicer can be changed without borrower consent to support the continued repayment of loans. ### 1/5 — Loan was sold - Trouble getting savings *2022-12-25, version 1.3.6* This was initially an ok deal - a high interest loan, but regular payments, the ability to pay early and a clean app. Well, the loan was sold to a company without the proper interface for handling this loan. There was no warning or ability to pay off the loan before the transfer, which I would have done. The email giving us our SST was late - we were told we’d get it on a Monday, mine came three days later. I immediately paid off the loan and after two weeks, the 2K+ in my savings is still locked, with no communication on how or when it will be released to me. It helped when I needed it and it’s been paid off, but I’m still waiting on funds and I would not repeat. ### 1/5 — Sold loans to SST after Intuit Acquisition *2022-12-11, version 1.3.6* Blind sided - acquired by Intuit (makers of Quickbooks, CreditKarma, etc) and they decided to sell accounts to SST, a loan servicing company with a shady online presence. Problems: 1. Current SeedFi payment and balance history is no longer available online - how do I know my loan balance and payment history will be consistent with the move 2. The account on my credit report will be closed and a new account created - I don’t want any new installment loan accounts as you know this can be credit adverse. 3. The savings money is still at CrossRiver, who says there will not be a withdrawal issue when the loan is paid off? Who becomes the custodian of the savings money now? 4. There was no warning or option to pay off the loan in preparation for this transition. That option would have been great. ### 4/5 — Glitches & Logging issues 🫤 *2022-12-10, version 1.3.6* So to be very honest I was very much excited to have to opportunity to apply & approval for Seedfi the secured loan in the amount $2000. Then add a savings accounts in order to show. So after downloading the app earlier this year I was able to login, but now I’m having issues. Like this past weekend & yesterday. So a I would had given 5 but I hope by reporting on AppStore that this would be fix & resolve. Also notice others have mentioned that as well. I’m a fan of Seedfi, but I really hope that you can get this update in order to prevent ongoing issues as soon as possible. Thanks. **Developer response:** Hi, we're sorry to hear this and we would love to take a look at the issue. Please reach out to our customer support team at 833-604-0500 or at customerservice-egs@alorica.com for further assistance. ### 1/5 — Was Really Happy With This App/Company Until They Sold My Account *2022-12-09, version 1.3.6* SeedFi really sold me on their Borrow & Grow product and I was happy with it. Making the payments was easy, and having the savings account in a secure place with a trustworthy company made me comfortable. Then they decided to sell off accounts in the Borrow & Grow program to SST, a financial services company with some pretty shady business practices and horrible reviews! Now, I have to wait and see if I become another victim of SST and if they will honor the loan covenants that were made when SeedFi serviced the loan. If I had known SeedFi was going to do this, I wouldn’t have started an account with them. Potential borrowers, beware. **Developer response:** Transitioning our customers to a new servicer third party is certainly not part of our normal business practice. We are super passionate about giving all our customers the best experience possible. However, as SeedFi is moving into its next chapter we decided that this change was necessary. It hasn’t been ideal, and it hasn’t been as smooth as we would have liked it to be. We have tried our best to communicate with everyone by sending several emails ahead of time. If you feel that we didn’t communicate with you well enough, we are sorry ### 5/5 — Wow *2022-12-07, version 1.3.6* Way to go credit score! After saving my “first” $500, my score gained 36 pts on Trans and 29 on Equi!! Cool saving the loot, too! Perfect timing for Christmas! And I’m not paid to say this! Well, I’m paid with increased scores and the $500 saved, so, I guess I am being paid for my testimony! Way to go!!! ### 1/5 — Not Seedfi anymore is SST *2022-12-07, version 1.3.6* Seedfi doesn’t have my loan saving anymore, this new company is called SST. My locked savings doesn’t show in the app anymore. If I would of known from the beginning this was going to happen. I would of never done it. The user experience for SST, is garbage. You can pay over the phone or website. No app. When they send us email about the change, they said that I will get email with account number by 12/5. I never did. I had to call SST to do that. I complain to Seedfi about this but they just gave me a copy and paste answer. Don’t do business with them. Hopefully my savings money will be there when I finish paying this loan. **Developer response:** Transitioning our customers to a new servicer third party is certainly not part of our normal business practice. We are super passionate about giving all our customers the best experience possible. However, as SeedFi is moving into its next chapter we decided that this change was necessary. It hasn’t been ideal, and it hasn’t been as smooth as we would have liked it to be. We have tried our best to communicate with everyone by sending several emails ahead of time. If you feel that we didn’t communicate with you well enough, we are sorry. ## Frequently asked questions about SeedFi ### What does SeedFi do? SeedFi helps you build your credit score and save money simultaneously. It allows you to set aside a small amount from each paycheck, which is then reported to the three major credit bureaus, helping to improve your credit history. You can also build savings as you make on-time payments. ### How does the Credit Builder Prime feature work? Credit Builder Prime allows you to build credit by saving money. You set aside as little as $10 per paycheck, and these payments are reported to Equifax, Experian, and TransUnion. After a period of on-time payments, you can build your credit and unlock your saved funds. ### Is there a cost to use SeedFi's Credit Builder Prime? No, Credit Builder Prime is completely free to use. There are no fees, no interest charges, and no surprise administrative fees. You only contribute to your savings, and there are no late fees. ### Do I need good credit to use SeedFi? No, you do not need any prior credit history or a credit check to be approved for SeedFi's Credit Builder Prime. It is designed for individuals looking to establish or rebuild their credit from scratch. ### What are the benefits of using SeedFi? The primary benefits include building credit for free, no credit check required, and the ability to save money simultaneously. Payments are reported to all three major credit bureaus, and customers have reported potential increases in their credit scores with on-time payments. ## Version history (last 1 release) ### 1.3.7 — 2023-01-04 Seedfi is undergoing a transition. As a result, the Seedfi mobile apps will be sunsetting in January 2023. We understand that this change may be inconvenient for some of our users, and we apologize for any disruption it may cause. If you have a credit builder, you will still be able to manage your account on the Seedfi website as usual for the time being. Thank you for your support of Seedfi over the years. 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Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-06-10.*