Lending Circles


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You need good credit to rent an apartment, buy a car, get a cell phone plan, and sometime even to get a job. But you don’t need to get into credit card debt to build your credit score. By joining a Lending Circle, young adults can build credit with Game Theory Academy for FREE!

How it works: 

A Lending Circle is a group of people who all agree to make the same monthly payment for a number of months. The first month, one participant receives the money everyone paid that month. Each month after that, the next person in line receives the money until everyone gets a chance. Don’t worry! If someone misses a payment, you still receive yours. Lending Circles are a safe, free way to build credit. The group decides together how much the payment will be, and who receives the money each month. Each month, the credit bureaus receive a report of your loan payments. This builds your credit history.

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What you need to join a Lending Circle:

  • Checking account
  • Proof of income (doesn’t have to be a lot)
  • Government ID
  • At least 18 years old

Getting started: 

  1. Enter your zipcode on the Lending Circles website 
  2. Select Game Theory Academy
  3. Fill out your information
  4. Submit your application

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Once you have submitted your application, we might contact you to finalize any missing details. Before you can join a Lending Circle you also have to complete five financial skills videos. Every Lending Circle starts with an in-person meeting at Game Theory Academy.

Who can join a Lending Circle:

You! At Game Theory, we work with adults ages 18-30.

Over 30? Our partner organization, Mission Asset Fund creates Lending Circles with people of all ages.

Questions:

Contact Hayley Axel at Game Theory Academy:

Tel: 510-858-5068

Email: hayley@gametheoryacademy.org

Lending Circlesâ„  is a social loan program managed by MAF.

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