As Americans return to their usual spending habits this summer, many are looking to borrow money on credit or take out loans, but one in five Americans don't have a credit score.

Top American banks like Wells Fargo and J.P. Morgan Chase are planning to send out credit cards to those without scores.

Here & Now's Robin Young speaks with Jill Schlesinger, CBS Business News Analyst and host of "Jill On Money," about the importance of a credit score.

Clarification: Secured credit cards give users a maximum that they can spend every month, not a minimum.