While it is possible, we don’t recommend prepaying or paying off Credit Builder early.
The benefit of this product is that we report your payments monthly to the credit bureaus over the course of 36 months. This helps you build both credit history and payment history with the credit bureaus. Because we only report to the bureaus once a month, making extra payments or paying this off early will only reduce your product term length. Unless you’ve already achieved your credit score goal, prepaying would defeat the purpose of this product.
There’s also no interest charged for Credit Builder as it’s a fixed fee, so paying it off early would not be of benefit in this respect.