More than 100 million Americans have a low or no credit score. These Americans are either locked out of the traditional finance system or pay higher fees and interest rates for access to credit. Additionally, they often pay more for insurance and other services.

James Garvey James Garvey is the CEO and Founder of Self Financial.

CEO James Garvey It all started with some missed payments. CEO James Garvey founded Self in 2015 after making a mistake with automatic payments on his credit card. By the time he caught it, his credit score had tanked.

Self was founded in 2015. Where is Self's headquarters? Self's headquarters is located at 515 Congress Avenue, Austin.

16% of Americans Have Bad Credit Approximately 16% of Americans have very poor credit, or a FICO score of between 300 and 579, according to Experian's 2019 Consumer Credit Review. Another 18% have fair credit, a score of between 580 and 669. Only 1.2% of Americans have a perfect 850 credit score.

According to data from the Consumer Financial Protection Bureau (CFPB), as many as 26 million Americans are “credit invisible,” meaning they have no credit history.

James Garvey James Garvey | CEO and founder - Self Financial, Inc.

Lead Bank is the financial institution that approved your loan. Self, the fintech partner, services your loan but Lead Bank reports your loan to the credit reporting agencies. This is why Lead Bank may appear on your credit report.

Customers on Self's BBB page gave the company an average of 3.58 stars. The company fares worse on Trustpilot, receiving an average of 1.5 stars across 73 reviews.

Lead Bank is the financial institution that approved your loan. Self, the fintech partner, services your loan but Lead Bank reports your loan to the credit reporting agencies. This is why Lead Bank may appear on your credit report.

Funding. If you are approved, funding generally takes between two to five business days. Smaller banks and credit unions may take longer, but most should be able to fund your loan within a week of applying if you opt for direct deposit into a bank account.

11 percent The remaining 11 percent of adults, or about 26 million Americans, are credit invisible.