It is really hard for a young person to their build credit. How does one navigate the complex and opaque credit rating system? We chat in this episode with Roger Morris, Co-Founder and COO of Zoro Card that hopes to help the 100 million Americans with subprime credit build credit with debit cards. Zoro Card began not as a company, but as a cause. Millions of Americans can’t access affordable credit, simply because they have never had credit in the past. Millions more are buried in debt and have no way out. Rather than help, many financial institutions profit off of people’s mistakes with hidden fees and unfair credit practices. Without good credit, everything becomes more expensive—cell phone contracts, loans, insurance rates, security deposits for utilities and rent—even job applications are affected by your credit score.
Their vision is simple, for college grads focused on building prosperous careers rather than paying off student loans, public school teachers and first responders able to afford homes, and soldiers healing from the wounds of war free from the shackles of debt – to offer a solution that’s available to everyone, regardless of their credit history. Roger was so committed to be part of this solution, that he decided to drop out of college to pursue his start-up. Learn more only on Mindful Businesses.