Lending Circles: Helping Immigrants in America Build Credit

PRI’s The World
Neal Estey, Center for Finance, Law & Policy, School of Law

For most of us, when we want to make a major purchase we apply for a loan…

Expert quote:

“Borrowing amongst your friends, if you’ve been doing this for a while, you understand how it works. You don’t know how it works with this formal financial institution. All of a sudden there are agreements you have to sign, there’s all this technical jargon, that, really it’s difficult enough to understand if you’re an everyday person spending your entire life in the US.”

View full article and listen to audio