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Millions no Longer Credit Invisible Scoring

In 2019,  the Consumer Financial Protection Bureau (CFPB) released a report which summarized the discussion and conclusions from a symposium on the topic of credit accessibility. The event focused on a broad spectrum of ideas and challenges associated with responsibly expanding access credit to those who are underserved.  Obviously, credit scores are one of those factors. First off, the numbers:  The CFPB noted that based on its prior research, “roughly 20 percent of the adult […]

A Family Affair Part II

In part I of this series I’ve decided to call “A Family Affair,” we got introduced to Ariana Miramontes, a brilliant ten-year-old girl who runs her business using the basic money management principles that many adults do not even comprehend. Her passion was ignited after watching an episode of Girl’s Scout on television and part one of the story can be found here.  So Ari’s budget is the first step. She has to prepare a […]

A Family Affair Part I

Pick up any child development book and it will state that the first five years are especially crucial for the physical, intellectual, and social-emotional development of a child. Just think, between the ages of one and two years old, a child is becoming aware of their own behavior, as well as those around them. They are eager to learn and start communicating through words as well as facial expressions. The Bible describes children as an […]

Alternative Data’s Role in Expanding Credit Access

To the average joe, the term Alternative Data may not make a lot of sense.  But to those who are financially and technologically savvy, Alternative Data may be the thing that disrupts the world of money lending as we know it today.  Last year, the House Financial Services led by Congresswoman Maxine Waters (D-CA), sent a letter to the Government Accountability Office requesting information about the benefits and possible drawbacks of Alternative Data in mortgage […]

Fleq: Allowing Consumers To Purchase Homes with Zero Mortgage

Normally, and in most circumstances, to buy a home you need a mortgage, not unless you are buying cash, which most people don’t.  Still, homebuying using a mortgage is one of the most emotionally complicated processes ever, and in reality, there are so many requirements that most homebuyers do not realize.  To purchase a decent affordable home, you need to have a good credit score and at least, your employment status must be impeccable with […]