EPISODE · Oct 29, 2025 · 20 MIN
Local nonprofit uses financial education to shrink the credit divide
from St. Louis on the Air
People with low- to moderate-incomes have less access to credit because they either don’t have a credit score or their score is lower than average. Research shows that such individuals tend to use credit with higher borrowing costs, like payday loans, that increase the likelihood of debt, delinquency and bankruptcy. Liz Deichmann of the St. Louis Federal Reserve Bank discusses her research on the credit barrier and what can be done about it. We also hear from two women who struggled with their own credit and were able to get help from local resources.
NOW PLAYING
Local nonprofit uses financial education to shrink the credit divide
No transcript for this episode yet
Similar Episodes
Mar 26, 2026 ·1m
Mar 19, 2026 ·34m
Feb 18, 2026 ·11m
Feb 11, 2026 ·45m