Dr. Bernice A. King and Ashley D. Bell to Launch Ready Life, a Fintech Platform Offering a Path to Homeownership That Excludes Credit Scores from Eligibility Requirements

Dr. Bernice A. King and Ashley D. Bell

Homeownership is a primary key to building wealth, but there is an alarming gap between Black homeowners and those who are white. Often, the underrepresented group doesn’t even have a fighting chance to successfully apply for a mortgage due to multiple factors such as little to no credit.

To level the playing field for Black people in America, Ashley D. Bell and Dr. Bernice A. King have joined forces in shaking up the traditional mortgage lending industry.


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Gearing Up For Ready Life

The two leaders are set to launch Ready Life — a fintech platform that offers a new path to homeownership that excludes credit scores from eligibility requirements. If consumers use Ready Life’s mobile banking platform to pay their rent on time, they will have the opportunity to qualify for a mortgage.

After initially brainstorming on how they could play a role in making a difference together, the end result was a platform that intends to give people a fresh start and hope for the future of mortgage lenders, especially for the Black community.

“It goes back to the National Black Bank Foundation and our work to support Black-owned financial institutions. I think it’s just been a running conversation with Bernice and me about, ‘How can we do more?’ And I think her legacy as an individual leader in our city and around our country and world, focusing on the least, the last and the left behind has really empowered her to really step into this space. So, I’ve just been fortunate to have her leadership and friendship.”

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SOURCE: Afrotech, Ngozi Nwanji