Add-ons
Business Creditbuilder
Build your credit score over the coming year
Who is Business Creditbuilder for?
To build your business you need a good credit score. If you don’t have a credit history or want to improve your credit score, Creditbuilder can help. It’s not an overnight fix, but it’s a step in the right direction.
How Business Creditbuilder works
- Open a Business Extra account. It takes minutes to open an account. Once you’ve activated your card, you’ll find the Business Creditbuilder tool in your Zempler Bank app and Online Banking.
- Make payments & track progress. Business Creditbuilder is a 12 month commitment to paying your monthly £9 Business Extra account fee on time. Track your progress through the Creditbuilder dashboard in-app or Online Banking, where you’ll find your payment dates, outstanding balance, and payment history.
- Grow your credit score. We’ll report your monthly repayments to credit reference agencies, which will build your business credit score. This isn’t an overnight fix, but you could see an improvement within months.
Representative example
Payments: 12 monthly payments of £9.
Total amount payable: £108.
Interest rate: 0%.
Representative APR: 0%.
What you need to know
You must be able to afford to make all your 12 monthly payments of £9 on time, as missing a payment can harm your business credit score.
There are no hidden fees to use Business Creditbuilder and you can cancel within 14 days.
Business Creditbuilder isn’t a credit card, and you won’t get money from us when you use it.
Start building your business credit
I’m new to Zempler
Open a Business Extra bank account and once you’ve activated your card, Business Creditbuilder will be available in-app or Online Banking.
Apply NowI’ve got a Business Extra account
Add Business Creditbuilder to your account in-app or Online Banking.
Add Business CreditbuilderYour business creditbuilder questions answered
Creditbuilder manages your monthly account fee as a payment plan over 12 months, and we report your payments to credit reference agencies. Please note you don’t receive any money or refunds from us.
Provided you make your 12 payments of £9 on time and manage any other credit responsibly, credit reference agencies will likely see this favourably which could improve your business credit score. Missing a payment can harm your credit score.
The tool comes in handy if your business doesn’t have a credit history, or your business credit score needs an extra boost.
You must be able to afford to make your 12 monthly payments of £9 on time, as missing a payment can harm your credit score.
Yes. Business Creditbuilder manages your monthly account fee as a payment plan over 12 months. Missing a payment or making a late payment can harm you credit score.
No. Business Creditbuilder only manages your monthly account fee as a payment plan to help demonstrate your reliability in making payments to credit reference agencies.
The payments you make cover the monthly account fee for your account, which is charged regardless of whether you’ve added Creditbuilder. No money is transferred to your account or refunded at any point.
Business Creditbuilder is a 12 month contract, committing to pay your monthly account fee on time. The extended timeframe helps demonstrate your reliability in making payments to credit reference agencies, which could improve your business credit score.
You should only add Business Creditbuilder if you can afford to make your 12 monthly payments on time, as missing a payment can harm your credit score. The total amount payable is £108.
Business Creditbuilder is an add-on for an existing business account with a sole purpose of helping establish or improving your business’s credit score.
No. You can only add Business Creditbuilder to a Business Extra Account.
If you have a Business Go Account and want to add Business Creditbuilder, you can change your pricing plan in-app or Online Banking. Please remember Business Extra Accounts have a £9 monthly fee.
Go to Settings > View Pricing Plans > Switch to Business Extra.
Business Creditbuilder is a 12 month contract, committing you to paying your monthly account fee in full and on time.
We'll send you an email confirming your Business Creditbuilder application alongside all the information you need to know, including payment dates and amounts.
No, you'll just pay your monthly account fee as usual over the 12 month period. Business Creditbuilder manages your monthly account fee as a payment plan for the purpose of reporting to credit reference agencies.
Yes. Business Creditbuilder is an add-on to your Zempler Bank account.
Yes, it’s possible to have other products or add-ons. We’ll be sure to let you know about any other credit products that you’re eligible for. Make sure to have opted in to marketing communications so that you don’t miss any notifications.