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Lending circles a new way to build credit




The California Report
The California Report
californiareport.org

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You know those times you've lent money to family or friends? It might have helped your karma, but it never affected your credit score. Even though lending and borrowing from banks can boost your credit profile, person-to-person transactions have never been factored in.

But that could soon change. There's a non-profit in San Francisco's Mission District that's found a way to report these social loans to credit bureaus.

Reporter Sam Harnett has the story.