Credit Builder

McBurberod Financial, Inc. dba Credit Karma Credit Builder and dba SeedFi (“we” “us”) is a Delaware corporation with its principal place of business located at 1100 Broadway, STE 1800 Oakland, CA 94607. We operate a marketplace platform, accessible online at and through the Credit Karma mobile app. Our marketplace includes products that can help customers build credit. We may help lenders communicate with you after you open an account.  In some states, providing a marketplace for these products and services could require us to be licensed as a loan broker, collection agency or some other related license. Our goal is to help you find products and offerings that may meet your needs. We do not make credit decisions, fund loans, or offer any other similar loan services. We do not and cannot issue approvals or commitments on any lender’s behalf. Lenders will require additional information from you in order to open an account and/or complete your loan application. We do not enter into loan brokerage contracts with members, we do not charge members any fee for our services, and we do not own or hold your loan or account.



Collection Agency License No. 1021496


Collection Agency License No. 5806


Collection Agency License No. 17.022356


SOS Collection Agency License No. 2057952


Collection Agency Registration WEBID: 441426531


Collection Agency License No. 2057952

Credit Services Business License No. 2057952


Collection Agency License No. 40745709

New Jersey

Collection Agency Bond

New Mexico

New Mexico Small Loan Company License No. 2316


Compliance Counsel

PO Box 520

San Francisco, CA 94101


This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504.

To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website


This website contains some common terms and definitions, which are intended to help you better understand your credit transaction. Credit costs money, so it is important that you fully understand the terms of your credit transaction. If you come across terms you do not understand, look up the terms, or ask our personnel to explain the terms to you. Ask questions. Make certain the questions that you ask are answered. Make certain you understand the terms and costs of your loan.

Common Terms and Definitions

Equal Credit Opportunity Act (ECOA): A federal regulation which requires lenders to promote the availability of credit to all creditworthy applicants without regard to race, color, religion, national origin, sex, marital status, or age (provided the applicant has the capacity to contract); to whether all or part of the applicant’s income derives from a public assistance program; or to whether the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The regulation prohibits creditor practices that discriminate on the basis of any of these factors.

Contract: A written binding document, describing terms of an agreement between two or more persons. (Keep all paperwork. Later, if there are any questions, you will have your agreement in writing.)

Annual Percentage Rate (APR): The cost of your credit as a yearly rate. APR is a combination of the interest rate plus the fees charged on your loan. APR is higher than the interest rate because it includes both fees and interest as finance charges. It is intended to provide a single value for a consumer to compare the cost of credit between one lender and another. Under New Mexico law, the APR for a loan in an amount of $5,000 or less made pursuant to the Small Loan Act of 1955 or the Bank Installment Loan Act of 1959 cannot exceed one hundred seventy-five percent, effective January 1, 2018.

Finance Charge: The dollar amount the credit will cost you. Finance charges include interest, and may also include transaction fees and service fees.

Principal: The amount of money owed on a debt, on which interest is calculated.

Interest: The cost of borrowing money, generally a percentage of the amount owed.

Balance: The total amount of money owed to a lender.

Default: Failure to pay a debt as agreed to on a contract. When a loan is in default, the lender may demand full payment of the remaining debt.

Collateral: Security pledged by a borrower to protect the interests of the lender; in case of default, the lender may take ownership of the security, if any, pledged by the borrower.

Credit Bureau: A private company that keeps a record of your credit history for distribution upon request by authorized parties. When you apply for credit, a lender may request a credit report to review when considering your application.

Credit History: A record containing information about you, including your payment history on previous debts.

Credit Report: A report of the credit history and other information about you that is kept by credit bureaus, which may include: your name, address, social security number, payment history (good and bad), current and previous debts, employers, income, etc. Accurate information on a credit report may not be legally removed. Incorrect information may be removed by disputing the information to the credit bureau involved.

New York

New York-Buffalo

Collection Agency License No. CAG20-10058715

New York- New York City

Debt Collection Agency License No. 2097018-DCA


Collection Agency License No. 10441


Collection Agency Registration No. 2057952


Consumer Credit Notification, January 2021


Out of State Collection Agency License UBI:604 650 679


Consumer Act Registration, March 2021

West Virginia

Credit Services Organization Registration No. 506290