Affordable Credit in Oklahoma: Asset-building and Financial Security

Access to credit has become a necessity for modern American living, touching virtually every aspect of our lives. Many consumers need credit to buy a house or a car, get an education, pay for medical expenses, or start a busi- ness. Credit is also increasingly necessary to make daily purchases at automated points of sale and through the Internet. ‘Credit’ is a generic term for an array of financial products and services that involve the borrowing of money. A borrower receives money or assets and promises to pay the lender back at an agreed upon future date, frequently with added interest.

Click here to view or download a copy of the Oklahoma Assets issue brief: Affordable Credit in Oklahoma: Asset-building and Financial Security