The biggest credit builder in the nation
For when you have cash,
but not credit
Average credit score increase of
+86 points!1
As seen in:
Payment history makes up the largest portion of your FICO credit score
Magnum builds big payment history on a large loan at a low monthly cost
Payment history contributes 35% of your FICO® score. MAGNUM impacts 90% of your FICO® Score. Get better credit with the best plan for you
Would you invest $350
to make $56,000?
Obtain a $350,000 30-year Home Mortgage after 12 months of on-time MAGNUM payments
Standard
FICO Score 8
645
682
Mortgage Interest Rate
8.05%
7.406%
Monthly Payment (P&I)
$2,580
$2,425
Total Interest Paid
$578,939
$522,914
*Average FICO Score increase of 37 points for MAGNUM 5000 account holders with a starting score of 650
Credit building and security
only a real bank can provide.
MAGNUM is part of a FDIC-insured bank, ensuring your money and personal information are safe and secured up to $250,000.
Real People.
Real Results.
“I’ve had mine for only 3 months and my score jumped 110 points.”
Kabirah C.
“Magnum is amazing. It raised my credit score to the high 600s in just two months.”
Joshua J.
Build up to $30,000 of credit starting at just
$30 a month
Choose the MAGNUM plan that fits your budget and apply
Funds are originated by Austin Capital Bank and placed in a locked savings account, securing the loan
Your monthly payments are reported to the three credit bureaus, building your credit history
When you’re done with the loan, either at the end of the term or if you close early, the remaining balance is paid off with the secured loan funds, and the principal is returned to you
There are no pre-payment or early cancellation fees if you don’t want the full 10 years of credit
Plan Options
MAGNUM
$30+
Monthly Payment
$25 Due today
- Build $2,000-$10,000 of credit with a 10-year loan term featuring lower monthly payments than competing credit builder loans
- No pre-payment or early cancellation fees
- For when you have cash and want to establish a strong US credit profile
MAGNUM XL
$175+
Monthly Payment
$25 Due today
- The nation’s largest & longest installment loan, building up to $30,000 of credit with a 10-year loan term featuring lower monthly payments
- Excellent for sole proprietors who want to build sizeable personal credit history for business purposes
- All the perks of MAGNUM with even bigger credit
No Credit?
Bad Credit?
No Problem
Report to
all 3 bureaus
MAGNUM reports to
Experian, Equifax, and
TransUnion
Free FICO®
Score monthly
FICO® Scores are used by
90% of top lenders
No hard
credit pull
There is no hard credit pull
when you open a
MAGNUM credit
builder account
You can
cancel anytime
You can cancel anytime
with no penalty
Want to know more?
Chat with a real live person based in
Austin, Texas.
Chat Monday – Friday 8am to 5pm CT. After hours please leave a message and we’ll follow up with you the next business day.
Prefer to talk?
Call us at 888-562-4686 Monday – Friday 8am to 5pm CT
We don’t hide
the small print.
We’re
proud of it.
1 Average FICO Score 8 increase for MAGNUM 10000 account holders after 12 months of on-time payments. All accounts opened in 2021 with 12 or more months of account activity. No credit score increase is guaranteed. Individual results will vary based on other factors including other credit and collection accounts.
