Americans are becoming increasingly concerned about their credit scores, with nearly a quarter of U.S. consumers citing bad credit scores as detracting from reaching financial goals according to a Harris Poll. NerdWallet (NRDS) is offering its new NerdUp credit card for the purpose of boosting Americans’ credit scores.
NerdWallet CEO Tim Chen explains the importance of providing aid and bolstering credit scores, while also commenting on U.S. consumers’ spending trends.
“We really want to register users, engage them, and help them improve their credit scores,” Chen tells Yahoo Finance. “After six, 12 months, the hope is that people will start establishing a credit history. People, especially like new immigrants, recent college grads, people with damaged credit, getting back into the system can make a big impact.”
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