Credit-building installment loans and secured credit cards have long existed. But recent years have seen an explosion in types of products designed to help consumers build or repair their credit history, including new takes on credit-building cards, reporting of alternative data, like rent and recurring subscriptions, and even some more dubious approaches.

What you’ll learn:

• Why credit-builders have become increasingly popular with consumers
• How new takes on credit-builders differ from earlier products in this category
• What makes a good credit-builder product
• How lenders parse what tradeline data actually has predictive value
• Legal and regulatory considerations of the product category, including implications of the Fair Credit Report Act (FCRA)
• And more!