Work

An Overview of Credit-Building Products

Year: 2024

Type: article

Abstract: Credit-building products are secured small-dollar products that allow consumers to either establish or improve their credit scores by having lenders report their payment activity to credit bureaus. Examples include secured credit cards or loan products such as credit-builder and passbook loans.

Source: FEDS Notes

DOI: 10.17016/2380-7172.3679

Authors: Alexander Bruce, Simona M. Hannon

Institutions: Federal Reserve, Federal Reserve Board of Governors

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: hybrid

OpenAlex ID: W4405314834

FWCI:

Cites: 6

Cited by:

Related to: 10