Credit access will continue to be a challenge for many consumers as the country navigates out of the pandemic. In addition to underwriting challenges, small dollar borrowers often have to work with financial institutions that are not capable of credit reporting. Elisabeth Johnson Crawford from Credit Builders Alliance (CBA) stops by Clark Hill’s Credit Eco To Go to talk about her organization’s partnership with Community Development Financial Institutions (CDFIs) which is enabling them to report these small dollar and micro loans to the credit reporting agencies. By assisting and training CDFIs with their credit furnishing activities, low and income borrowers are able to build positive credit and better credit access. As Elisabeth comments, “Credit reporting should be more than just reporting bad debt”.
DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.
Funk Game Loop by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/3787-funk-game-loop
License: http://creativecommons.org/licenses/by/4.0/
DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.