{"id":435479,"date":"2022-01-31T10:56:48","date_gmt":"2022-01-31T10:56:48","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?page_id=435479"},"modified":"2026-02-16T09:03:24","modified_gmt":"2026-02-16T09:03:24","slug":"credito-review","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/personal-loans\/credito-review","title":{"rendered":"Credito review"},"content":{"rendered":"

New kid on the \u201cbuild your credit score\u201d block Credito has launched a subscription service designed to build your credit profile<\/a>, that is if you\u2019re willing to shell out a monthly fee. But with a non-refundable payment being reported to just 1 credit reference agency and the concerning prospect of taking out an unregulated loan, it\u2019s hard to see Credito taking off just yet.<\/p>

What is Credito?<\/h3>

Just like many other credit building services, Credito is targeting those with poor or no credit with a service designed to build their credit score. It works as a 12-month subscription service. Each month you pay your monthly subscription fee, Credito will count this as a finance repayment and will report it back to credit reference company TransUnion<\/a>.<\/p>

The idea is that this demonstrates to future lenders that you\u2019re responsible with your financial obligations. Conversely if you miss a payment, this is likely to harm your credit profile and impact your ability to get loans or credit cards, or get good rates.<\/p>

Credito is a licensed credit broker that trades under Credit Intelligence, which also owns credit report service Credit Angel<\/a>.<\/p>

Although Credito is regulated by the Financial Conduct Authority (FCA), using its service requires you to take out an interest-free loan (0% representative APR) with an unregulated<\/em> lender called Credit Builder Loans. Using unregulated loans isn\u2019t recommended and means that you do not fall under the protection of the FCA if you have a problem.<\/p><\/div><\/div><\/div>

How does Credito work?<\/h3>

Once you have completed the sign-up journey, Credito will set up a \u00a3239.88 unregulated loan from a company called Credit Builder Loans. Each month, your membership will be automatically taken from the UK bank account you provided and reported to TransUnion, essentially acting as a \u201cloan repayment\u201d.<\/p>

At the end of the 12 months, your Credit Builder Account will close and you may see an improvement to your TransUnion credit score. However, be aware that your other borrowing activities over the same period could undermine the benefit from Credito \u2013 for example, if you missed a payment on a credit card, your credit score could still go down despite using Credito.<\/p>

As part of your membership, you will also have access to Credito\u2019s guides and advice which offer to help you create a financial action plan. This action plan is aimed to give you tips on how to manage your money and identify what is currently holding you back from receiving loans from other lenders.<\/p><\/div><\/div><\/div>

What features does Credito have?<\/h3>