Backed provides young borrowers accessible loans to build their credit score and secure their financial independence.
“With BACKED, all you need is a vote of
confidence to open the business you
always dreamed of”
"With BACKED and your parents help,
you can afford the upfront costs on a rental apartment,
saving valuable time and money on commuting to work"
"Have your dream wedding by spreading
the cost over time. With your family's backing,
reduce the cost of financing by up to 45%"
Here’s how
63% of American college graduates return home to live
with their parents, or still rely on them to make ends meet.
Parents are trying to help, but providing living expenses won't improve their child's credit score. It also won't get them any closer to financial independence.
By backing their children with a BACKED loan, parents effectively lend their credit score, and not their cash.
With Backed, parents are not exposed to the usual co-signing risks.
Why is backing different than traditional

Traditional Co-signing

  • A Co-signer is only notified in case of default
  • Both credit profiles are penalized
  • The Co-signer pays only after interest and late fees have been added to the loan


  • Both the borrower and co-signer are notified within a few seconds of a missed payment
  • Timely payments continue to build the borrower's credit!
  • You both get a 15-day grace to pay ONLY the missing amount
Parents help children keep their rates low,
while improving their credit scores

No pre-payment fee! Pay back early at no extra cost.

By submitting additional info you can instantly reduce your APR!

Invite friends to vouch and verify your info to expedite your application!

Apply Now