The business of lending to the masses is on fire! So many new platforms, services, tactics & strategies for acquiring new borrowers, underwriting, funding...
HERE'S ANOTHER; CREDIT BUILDING!
Credit Builder
Personal, non-collateralized micro-loans help your customers build credit!
Integrate into your app flow
Reporting to all three credit bureaus
Built-in licenses and compliance
Debit Cards > Build Credit.
Traditionally, debit card transactions cannot be reported to credit bureaus to help build credit because no line of credit is utilized. The funds come directly from users' bank accounts without any borrowing, and thus no credit relationship is established.
The dinosaurs - old school payday lenders - will find this hard to fathom. But, subprime consumers can build their credit by using their debit cards. Transactions made with their debit cards are used for overnight "loans" and reported to Transunion, Experian, and Equifax! THIS IS HUGE!
Subscriptions > Build Credit
Today, subscription payments our customers make every month can be reported to the credit bureaus to help build their credit history.
All the popular subscriptions they probably already use:
Netflix
Youtube Premium
Dollar Shave Club
Adobe Creative Cloud
Nintendo Online
Apple Music
SoundCloud
Chegg
Crunchyroll
Audible
Sun Basket
Hulu
Spotify
Home Chef
Xbox Live
HelloFresh
Barkbox
Amazon Prime
CBS All Access
LinkedIn Premium
Coursera
PlayStation Live
HBO Max
Disney Plus
Blue Apron
Curology
FabFitFun
ESPN Plus
LeetCode
Birchbox
Ipsy
Billie
Just to name a few.
This topic and all other state-of-the-art platforms, strategies, and tactics are in our latest & greatest "bible;" The Business of Lending to the Masses: Version 86. [Already invested in our "bible?" Open your copy and look on page 2 for the Version Number.]
