ToplineSome big banks are reportedly considering issuing credit cards to people with no credit scores – a market that is estimated as at least 50 million in size – as the big lenders see declines in credit card issuances and balances this year. FILE - This Aug. 11, 2019 file photo shows Visa credit cards in New Orleans. That’s the number of U.S. adults who have no credit scores, according to Fair Isaac Corp., creator of the widely used FICO credit score. Key BackgroundPeople without credit scores are vulnerable to usurious payday loans and other pricey forms of credit and also face barriers to housing and employment. Further ReadingThe Best Rewards Credit Cards Of May 2021 (Forbes)Best First Credit Cards To Build Credit In May 2021 (Forbes)What Is A Good Credit Score (Forbes)

Source: Forbes May 13, 2021 14:48 UTC