Yes as you heard, lend money to your self like a savings account and get it reported to your credit report!
How it works?
Build credit while saving money, starting at $25^ per month.
step 1: Apply for a Credit Builder Account. Your money is safe and secure.
step 2: Pay off your Credit Builder Account in the specified amount of time. You can choose the payment term and dollar amount that best fits your budget.
step 3: Each on-time monthly payment builds credit history and adds to your savings. Your monthly payments are reported to all three credit bureaus.
step 4: Unlock your savings. Once you’ve paid off your Credit Builder Account, your CD unlocks and the money is yours (minus fees and interest).