Making on-time payments on your MPOWER loan, even without a Social Security number (SSN), can help build your U.S. credit history.

Building credit without an SSN: MPOWER uses alternative credit reporting methods to help you build credit without requiring an SSN.

Alternative credit reporting methods

• Credit bureaus: MPOWER may report your payment history to credit bureaus using alternative data.
• Positive payment history: Consistent and timely payments on your MPOWER loan can establish a positive credit history.

Important: Please note updating your U.S. address with MPOWER and Launch is key to ensuring accurate and timely credit reporting, without a U.S. address credit reporting will not happen.

Benefits of positive payment history

• Improved creditworthiness: A positive payment history can enhance your creditworthiness, which can benefit future financial endeavors in the U.S.
• Financial stability: Enjoy the peace of mind from building a good credit history.

Pro-tip: Building credit history takes time. Consistent, on-time payments are crucial for improving your creditworthiness.