Credit Without a Credit Score? Big Banks Target New Borrowers.

May 14, 07:00 AM

Under a new initiative called Project Reach, some large banks will consider customers' deposit histories as a way of extending credit to people with no borrowing history. Banking reporter Peter Rudegeair joins host Charlie Turner to discuss the government-backed program and what it could mean for millions of consumers. Learn more about your ad choices. Visit megaphone.fm/adchoices

Under a new initiative called Project Reach, some large banks will consider customers' deposit histories as a way of extending credit to people with no borrowing history. Banking reporter Peter Rudegeair joins host Charlie Turner to discuss the government-backed program and what it could mean for millions of consumers.

Learn more about your ad choices. Visit megaphone.fm/adchoices