Self Lender Looks to Hook Big Banks With A Secured Credit Card
Self Lender has gained traction with a unique offering for low- to middle-income Americans. You can legitimately loan money to yourself, with the money held in a bank account, to build your credit through Self Lender. Since launch they have gained 175,000 customers who hold $140 million in CD-secured loans. Now, they want to expand by offering secured credit cards and they argue that this could be boon for large banks looking to comply with the Community Reinvestment Act. Source.