Have you ever looked at your credit report, and felt like it was stuck in a rut? Excellent News!! Your credit score is not fixed. Self Credit Builder or Self Account, helps you to increase your credit scores. Isn’t it great? And now if you are satisfied with your credit scores, then how to cancel Self Account is the next thing you need to know.
Do you know what Self Credit Builder does to improve your credit scores? Well!! They help you by giving you a small investment loan which is not provided to you directly by the company, the loan money is deposited into an FDIC-insured CD account at Self’s banking partner. To know more about Self Account and its cancelation process, stay with us till the end of the article.
To cancel your Self Account, you need to call on their number 877-883- 0999 and follow the instructions for cancelation.
Also, read How To Cancel Direct Debit Santander?
How Does Self-Account Works?
As you know that Self Credit builder helps you in improving your credit scores or credit history by giving you a loan and you need to be eligible to take this loan means you need to stand on every criterion of who will get the loan. Submit your request for the loan with all the necessary and asked details. Once your loan application is approved by Self, the loan amount is placed in a certificate of deposit with one of the bank’s partner institutions. You will then make regular payments for the duration of the loan.
Can You Cancel Your Self Account At Any Time?
Yes, you can cancel your Self Account at any time. But make this sure to close or cancel your account only with a zero balance. This will help you in getting back your deposit money.
How To Cancel Self Account?
If you ever feel like you no longer needed your Self Account, then you have two ways to cancel your Self Account.
- Cancel Via Phone Call
- Cancel Via Website
You can call on their automated phone system to cancel your Self Account. Follow these steps to do so:
- Make sure to call from that number which is filed with your account. If not, then you will be asked to verify your identity before canceling your account.
- Make a call at 877-883- 0999 and press option 1.
- After done with your verification, you have to choose option 4 to cancel your account.
- Follow the instructions properly about reporting and payout.
- Your account will be closed on the same day at 11 P.M
- Within 24 hours, you will see a payout tracker in your dashboard, which allows you to check your payment status and estimate when you will receive your funds.
Note: You can also visit Self’s official website or click on this link, to cancel your account by following the on-screen instructions.
Can I cancel a scheduled Credit Builder Account payment before it’s processed?
Yes, you can cancel your scheduled payment before 11.59 P.M on the day before your payment is due to be processed. Follow these steps to cancel your payment:
- Log in to your Self Account
- Go to your recent payment activity
- Tap on your scheduled payment
- Follow the instructions to cancel your scheduled payment.
Is There A Fee For Closing Your Account Early?
Yes, for closing your account you have to deposit an amount of less than $1 which usually depends on the size of your account, only if your account is closed before it is fully paid off.
What Happens If Your Self Account Is Closed?
If your Self Account is still in good condition when it is canceled, then it will be canceled and paid as agreed. Because we can only report account activity if they ever found that there is no more activity on your account, we will stop reporting it to the credit scores.
Also, read How To Cancel Les Mills Membership?
Frequently Asked Questions
How Can You Get In Touch With Self Customer Support?
You need to fill out the form with your self account credentials for getting in touch with their customer support team. Click this link for their Customer Support form.
Can I Close My Self Account And Get My Money Back?
Yes, if you can close your Self Account, then you can get your deposit money back only if your account is in good standing condition means no financial obligations (no balance and fees) Within 10-14 working days, you can get back your refund for closing your Self Account through check or ACH
Conclusion
With Self Account, you can take your credit score to the next level. But, if you ever feel like, no need for your account, then you can cancel it simply by the ways which are mentioned above in this article. Canceling Self Account by calling on their number is the best and possible method.