Experian Provides Solutions To Help Black Consumers Enrich Their Finances
More than 106 million people have limited financial resources, which can exclude them from obtaining mainstream credit. And among these alarming stats, 27% of Black consumers are either credit invisible or not scorable, (meaning they have no or little credit history, which may impact their ability to establish a credit score, thus, limiting their access to credit), compared to 16% of White and Asian consumers. As such, this gap makes it much harder for many individuals to buy homes, cars, and build generational wealth.