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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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