Many returning citizens wish to start or grow a small business. Yet for those who have no or impaired credit histories following incarceration, the lack of available responsible credit building financial products makes them more susceptible to the ubiquitous and predatory marketing practices of payday lenders and other fringe creditors. This perpetuates opportunities for returning citizens to fall into cycles of financial instability.
In recognition of these challenges, Credit Builders Alliance released Achieving Credit Strength: A Toolkit for Supporting Returning Citizen Entrepreneurs. This toolkit provides financial capability and reentry practitioners with tools and resources for helping returning citizens to build strong credit, and strong businesses. In conjunction with the release of this toolkit, in 2018 CBA hosted three convenings in partnership with the Cuyahoga County Office of Reentry, The Fountain Fund, and Heartland Alliance, all community leaders and experts in this space. Participants had the opportunity to interact with the toolkit and national experts discussing credit building, entrepreneurship and ways to support the financial stability of returning citizens pre- and post-incarceration.Download the Toolkit