Our review of certain types of credit builder products found little evidence that they are effective for most consumers.
We want consumers to be able to make informed decisions so that they can navigate their financial lives.That’s why we carried out work to understand how some credit builder products operate and have been working with firms and credit reference agencies (CRAs) to drive improvements in the market.Here we explain the work we’ve done, and where consumers can access useful information on improving credit profiles, such as via MoneyHelper.