The Madeleine Brand Show

The Madeleine Brand Show is a daily, two-hour program that looks at news and culture through the lens of Southern California. Hosted by Madeleine Brand

Lending circles a new way to build credit

by Sam Harnett, The California Report | The Madeleine Brand Show

34168 full
californiareport.org

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.

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