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The biggest credit builder in the nation

For when you have cash,
but not credit

Average credit score increase of

+86 points!1

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


FICO Score 8




Mortgage Interest Rate



Monthly Payment (P&I)



Total Interest Paid



*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.

Get Started

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



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



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

Whether you’re just starting your credit journey or in the process of rebuilding your credit, we’re here for you.

Report to
all 3 bureaus

MAGNUM reports to
Experian, Equifax, and

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.
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.