We provide consumers and SMEs the ability to understand their credit rating for free and key areas of weakness within their profile. The idea focuses on each user to input their key data and see how their rating is composed. Hopefully this will assist in applying for future credit products at the right price. The concept only relies on user input so can be adopted outside of the UK in areas with weaker credit bureaus. It also allows users the ability to trade off their icreditscore against the credit bureaux view on them and hopefully help them improve the data retained on them by the bureaus as in some situations it can be incredibly inaccurate. For SMEs this is even more important as data credit bureaux hold is usually outdated and not relevant to the small businesses accounts at time of credit application. The data retained by the system allows monetisation. We can use the data to help provide pre screened leads for credit and to help other firms understand the demographics of a ...
We provide consumers and SMEs the ability to understand their credit rating for free and key areas of weakness within their profile. The idea focuses on each user to input their key data and see how their rating is composed. Hopefully this will assist in applying for future credit products at the right price. The concept only relies on user input so can be adopted outside of the UK in areas with weaker credit bureaus. It also allows users the ability to trade off their icreditscore against the credit bureaux view on them and hopefully help them improve the data retained on them by the bureaus as in some situations it can be incredibly inaccurate. For SMEs this is even more important as data credit bureaux hold is usually outdated and not relevant to the small businesses accounts at time of credit application. The data retained by the system allows monetisation. We can use the data to help provide pre screened leads for credit and to help other firms understand the demographics of a location, even allowing marketing via smart phone to users that allow this service.
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