Refresh Financial’s credit builder loan is not actually a loan but a way for you to build your savings and improve your credit score. When you are approved for Refresh’s saving loan, the amount of money you’re approved for is put into a secured account in a financial institution. In order to access the money, you will pay Refresh in monthly installments plus interest. Once you’ve built equity, you can draw upon it when you need it. Moreover, these payments will be reported to the credit bureaus so that you can build your credit.