San Francisco Lending Circle Helps Improve Credit Scores

San Francisco Lending Circle Helps Improve Credit Scores

San Francisco Lending Circle Helps Improve Credit Scores

Mission Based Lending Circles Helps People Borrow And Lend Money

Least week, during San Francisco Economic Empowerment Week, we attended a panel that included a representative from the Mission Asset Fund. He discussed how their non profit has created an opportunity for social lending through Lending Circles.

Lending Circles might be relatively unknown in the U.S. but in other parts of the world such as Mexico informal cestas are common. This practice goes by other names across the world: Susus throughout Africa, Paluwagan in the Philippines, Lun-hui in China, and Tandas in Mexico.

These Lending Circles offer zero-fee, zero-interest credit-building social loans. The base of these lending circles helps low-income community members borrow money then lend money and vice-versa.

People around the world use informal lending circles to take the place of banks when they don’t have good credit or access to the mainstream financial system.

Lending Circles Can Raise Credit Score As Much As 36 Points

The beauty of this system comes from the fact that it blends an international tradition with technology and credit scores. Individuals can join a lending circle that builds credit. With an average credit score increase of 20-36 points, those without a credit score are able to establish one in six months. Ā Individuals with damaged scores from shot sales, bankruptcies or foreclosures now have an opportunity to rebuild their credit.

For more information about the Lending Circles contact us or http://www.lendingcircles.org/

San Francisco Lending Circle Helps Improve Credit Scores

San Francisco Lending Circle Helps Improve Credit Scores

San Francisco Lending Circle Helps Improve Credit Scores

San Francisco Lending Circle Helps Improve Credit Scores

San Francisco Lending Circle Helps Improve Credit Scores

San Francisco Lending Circle Helps Improve Credit Scores

San Francisco Lending Circle Helps Improve Credit Scores

San Francisco Lending Circle Helps Improve Credit Scores

San Francisco Lending Circle Helps Improve Credit Scores

San Francisco Lending Circle Helps Improve Credit Scores

San Francisco Lending Circle Helps Improve Credit Scores

San Francisco Lending Circle Helps Improve Credit Scores

San Francisco Lending Circle Helps Improve Credit Scores

San Francisco Lending Circle Helps Improve Credit Scores

San Francisco Lending Circle Helps Improve Credit Scores

San Francisco Lending Circle Helps Improve Credit Scores

San Francisco Lending Circle Helps Improve Credit Scores

San Francisco Lending Circle Helps Improve Credit Scores

San Francisco Lending Circle Helps Improve Credit Scores

San Francisco Lending Circle Helps Improve Credit Scores

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2 Comments

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2 responses to “San Francisco Lending Circle Helps Improve Credit Scores

  1. Pingback: Disputing Errors With Credit Reporting Companies | Resource Blog

  2. Pingback: Many Credit Reports Contain Incorrect And Outdated Information | Resource Blog

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