Discussion Paper
An Overview of Credit-Building Products
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.
https://doi.org/10.17016/2380-7172.3679
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File(s): File format is text/html https://www.federalreserve.gov/econres/notes/feds-notes/an-overview-of-credit-building-products-20241206.html
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2024-12-06
Number: 2024-12-06-2