According to an estimate, there are more than 45 millions of Americans are there, who are not eligible for the credit. Most of these populations are belong to minority groups and are young.
Most of them are also yet to avail the banking facility. They have a great appetite for the credit, but don’t know how to access the credit or how to build a credit history. Though they don’t have a credit history, most of the time banks and financial institutions shy away from providing credit to people belong to that group.