FAQ
Questions, Answered Plainly.
What Am I Actually Buying?
An account opened in your name with a set limit, and the monthly payment on it reported to all three credit bureaus — Equifax, Experian and TransUnion. That is the product. Plans are $7.99, $14.99 or $24.99 a month depending on the limit you want reported.
Will This Raise My Credit Score?
We do not know, and nobody selling anything in this category honestly does. What we can tell you is the mechanical part: an account exists in your name and its payment history gets reported. What your score does with that depends on everything else on your file.
How Long Before It Shows Up?
Allow up to two months. The first payment is reported on the next monthly run, then each bureau takes its own time to process it and add it to your file. Often sooner, but two months is the number to plan around, and nobody in this category can shorten it.
Is There a Credit Check?
No. No credit check, no hard pull, no minimum score, and nothing about signing up appears on your report as an inquiry.
What Happens If I Stop Paying?
Nothing is reported against you. You pay ahead, so you can never fall behind — if a payment stops, the membership ends and the account stops reporting. There is no missed month, because there was never an unpaid one. Everything already reported stays on your file. What you lose is what comes next, not what you have built.
Do You Need My Social Security Number?
Yes, and only after you have paid. A credit bureau has to know whose file an account belongs to, so we ask for your legal name, the address already on your credit file, your date of birth and your Social Security number. Nothing is reported until that is done. It is stored encrypted with AES-256-GCM and the key is held in the application environment rather than in the database, so a stolen copy of the database is not enough to read it. The full account of how it is handled — and what we deliberately do not keep — is on the security page.
Why Does “Develop Credit” Appear on My Bank Statement?
Because that is who processes the payment. Feodis LLC is a Develop Credit company and payments are taken by Develop Credit LLC on its behalf, so the charge on your card or bank statement may read Develop Credit rather than Feodis. It is the same company and the same membership — worth knowing before you see it and assume something has gone wrong.
Can I Have More Than One Account Reported?
Yes — up to one at each of the three limits, so three in total, each its own subscription that you can cancel on its own. They are different limits by design: three accounts at three different limits opened over time is an ordinary-looking file, whereas three identical accounts opened the same week by one furnisher is not.
How Is This Different From a Secured Card or a Credit-Builder Loan?
A secured card asks for a deposit that becomes your limit; a credit-builder loan holds the money you are “borrowing” until you finish paying. Both tie up cash and both usually involve an application. This is a flat monthly membership — no deposit, no application, no credit check — and what is reported is an account at a set limit with the payment on it.
Is Feodis a Bank?
No. Feodis is a financial technology company, not a bank, a credit union or a depository institution. It holds no deposits, nothing it sells is FDIC or NCUA insured, and it does not lend. It does not provide credit repair, debt relief or debt settlement either — it reports payment activity, and that is the whole product.
How Do I Cancel?
Sign in, pick the account, done — at feodis.co/membership/cancel. We ask you to sign in because cancelling ends a real subscription, and it is the same emailed link you used to create the account. No phone call, no retention offer, no reason required, no fee. Your membership runs to the end of the period you have paid for and then stops.
Can I Get a Refund?
If you cancel within three days of your first payment, before it has been furnished, yes — full refund, no argument. After that, payments are not refundable: you pay ahead for a period, that period runs, then it stops when you cancel. If we ever fail to furnish your first payment within 60 days for a reason on our side, tell us and we will refund it.
Who Actually Stands Behind This?
Feodis LLC, a New Mexico limited liability company at 4405 Jager Dr NE, Rio Rancho, NM 87144. That is who you are contracting with, who is responsible for what gets furnished to Equifax, Experian and TransUnion, and who you would dispute an error with — not a subcontractor you have never heard of.
Still Deciding?
The prices are on the page, not behind a form — three limits, three prices, and the renewal terms in full. No credit check, no hard pull, cancel in one step with no fee.