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Building Credit For Young Adults

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Join Community Ventures to learn about building credit for youth!

creditBound, is a credit building vehicle for youth (18-25 years old) that combines an online platform with in-person credit education. The program utilizes familiar lending circles called tandas, an informal lending club commonly used by Latino communities to build funds and savings. ​creditBound financial workshops educate and support youth to adopt healthier financial behaviors. Workshops are meant to reduce the possibilities of youth using alternative lending services to fulfill budget gaps and educate youth to avoid common financial pitfalls.

Individuals with low credit or no credit face a barrier to fully participate in the mainstream financial system. Low credit or no credit means youth will have a harder time obtaining quality loans, employment, housing, and accessing other opportunities to build their futures.

​creditBound offers youth entering the workforce the opportunity to build credit in a safe and controlled environment, paired with financial education to increase knowledge and access to financial wellbeing.

creditBound brings together a cohort of 6 young adults to create a lending circle to build credit. Each member of the pool will contribute $100 each month during required financial capability workshops. The lending circle will pool $500 every month, each member of the circle will take a turn receiving the lump sum. The online platform will report the monthly payments to a credit agency (Experian). The on-time payments begin to create credit history and improve credit scores.

Our educational workshops provide important information for youth to increase financial knowledge, skills, and access to resources to avoid common financial pitfalls. The financial workshops (1) support and provide tools for youth to achieve financial capability, which gives them the knowledge and competences to navigate their difficult economic realities; (2) create access to assets and capital in order to address significant barriers and banking gaps facing the Watsonville community.

Please be sure to add your email to send online invitations to the meeting space.

For additional information please email Brando Sencion at

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