Our mission is to build simple and inclusive financial products that provide equitable access to credit. This directly supports goal 8.10 of the UN’s official Sustainable Development Goals - to expand access to financial services for all.
Our mission is to build simple and inclusive financial products that provide equitable access to credit. This directly supports goal 8.10 of the UN’s official Sustainable Development Goals - to expand access to financial services for all.
Today, 1 in 3 Americans struggle to improve their financial outcome due to a low credit score.
Traditional financial products are inaccessible to U.S. consumers with subprime credit scores, causing them to turn to alternative sources of credit that are often expensive and even predatory.
This leads to...
Low approval rates
High cost of ownership
Limited access to credit options
Lack of financial guidance
THE SOLUTION
The products and their impact
Perpay Marketplace1
Reduces cost of ownership by extending an interest-free spending limit on top brands, paid via payroll direct deposit.
Perpay+2
Reports Marketplace payment history to all three major credit bureaus, driving a 36 point increase within the first three months (on average).
Perpay Credit Card3
Expands access to credit with no hard credit check, no security deposit, no annual fee4, and direct deposit payments that can help build credit.
Our impact in numbers
$500M
Spending power used by our members
As of April 2024
4x
Increase in payment rate on the Perpay Credit Card versus industry average
As of April 2024
36+
Average credit score increase in the first 3 months using Perpay+
As of April 2024
41%
Reported members who have graduated to a higher credit band (i.e, near-prime to prime)
No interest, no hassles. Huge credit limit! And impossible to miss a payment as it comes right from my paycheck. A customer for life.”
- Connie D.
“
Thanks to the people at Perpay for trusting me enough to make sure my kids had a great Christmas.”
- Jordan C.
“
Perpay has afforded me the opportunity to get the things I want without breaking the bank. Payments are doable and convenient. I love it.”
- Iphone4feuder
“
I was expecting another denial but I was approved. Now my credit score is jumping quickly and I’m getting more “Approved” messages.”
- anlgkwlnd
“
Not only do I get what I need, but I’ve increased my credit score tremendously. Thank you.”
- Ruben32818
“
You need certain things in life to succeed. They have given me those things with a great way to build credit.”
- JESTERck93
“
I've been given access to be a member with a Credit Card and I LOVE it. Now I have another account reporting on time payments to the credit bureaus!"
- Adam W.
“
I just wanted to build up my credit and they were the first ones to ever accept me.”
- Theodore H.
“
I’ve now got the credit card. Everything is reporting positively on my credit. I can make payments on items I want while making my credit score higher.
- Niikota
1 Access to the Perpay Marketplace is offered by Perpay, Inc., and is only available to eligible consumers residing in the United States.
2 On-time payment history can have a positive impact on your credit score. Improvement in your credit score is dependent on your specific situation and financial behavior. Failure to make on time payments by the payment due date may result in delinquent payment reporting to credit bureaus which may negatively impact your credit score. This product will not remove negative credit history from your credit report. Impact on your credit may vary, as credit scores are independently determined by credit bureaus based on a number of factors. Perpay will report your transactions to Experian®, Equifax®, and TransUnion®.*Based on results observed across more than 45,000 Perpay+ members, customers enrolled in credit building observe an average credit score (VantageScore 4.0) increase of 36 points within the first three months reporting. Individual results may vary. Credit score improvement is not guaranteed. Perpay+ is only available to eligible Marketplace account holders. See the Marketplace Terms and Conditions for more details. A fee may apply.
3 The Perpay Credit Card is subject to credit approval. Not available to residents of New Hampshire. The Perpay Credit Card is powered by Deserve, Inc. and issued by Celtic Bank. 4 Annual fee: None. Monthly card servicing fee of $9. APR 29.49%. This will vary with the market based on the Prime Rate.
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