There are nearly 50 million consumers in the United States without a firm credit score, leaving them financially fragile. Those same people are impacted by a massive IRS backlog of paper 1040s, leading to delayed tax returns. However, a few initiatives could help turn those circumstances around.
Even if you generally feel well-to-do, it’s a tough market for buying a home. Or renting an apartment. Or financing a car.
To make it even tougher, in order to do those things, you don’t just need capital. You need a good credit score. Lenders need to be able to look at your credit history and remain confident. “Hey, this person looks like they’ll be willing and able to pay back a loan.”…