The Consumer Financial Protection Bureau’s (CFPB) recent report on credit invisibility indicated that about 20 percent of U.S. adults are either “credit invisible” or “unscorable.”
The credit invisible population of 26 million people, represents more than half of the 45 million consumers lacking scorable credit records whom, therefore, may be denied credit access.
Read on to find out which consumers are most likely to be credit invisible and what that means for those people.