Credit Builders Alliance
A Good Idea
Description
The mission of Credit Builders Alliance (CBA) is to help low and moderate income individuals build their credit and access conventional financing.
Reporting on-time loan payments is a cost effective way to help people build their credit, which can lead to lower interest rates and eventually asset building and financial self-sufficiency. Thus, CBA has worked to develop a relationship with various community lenders in order to ensure that these on-time payments are properly reported to the credit bureaus.
Reporting on-time loan payments is a cost effective way to help people build their credit, which can lead to lower interest rates and eventually asset building and financial self-sufficiency. Thus, CBA has worked to develop a relationship with various community lenders in order to ensure that these on-time payments are properly reported to the credit bureaus.
Goal / Mission
The mission of Credit Builders Alliance is to help low and moderate income individuals build their credit and access conventional financing.
Results / Accomplishments
The Credit Builders Alliance has succeeded in helping many of their clients graduate from no credit score to a credit score of 699 in just six months.
About this Promising Practice
Organization(s)
Credit Builders Alliance
Primary Contact
1200 G Street NW, Suite 400
Washington, D.C. 20005
(202) 730-9390
info@creditbuildersalliance.org
http://www.creditbuildersalliance.org/
Washington, D.C. 20005
(202) 730-9390
info@creditbuildersalliance.org
http://www.creditbuildersalliance.org/
Topics
Economy / Investment & Personal Finance
Organization(s)
Credit Builders Alliance
Date of implementation
2006
Geographic Type
Urban
Location
Washington, D.C.
Target Audience
Adults
Additional Audience
low-income