Alternative credit agency lets immigrants bring their credit scores to the US

US credit bureaus don’t recognize foreign credit, so when people come to this country, they have to start building their credit over again. This isn’t fair to immigrants, which is why a startup has created a platform to translate data stored abroad into a form that can be consumed by banks, telephone companies, and landlords in the US. So far, the startup has reached deals with 15 countries to create a “credit passport” that allows immigrants to bring their financial history with them.

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Alternative credit agency lets immigrants bring their credit scores to the US

US credit bureaus don’t recognize foreign credit, so when people come to this country, they have to start building their credit over again. This isn’t fair to immigrants, which is why a startup has created a platform to translate data stored abroad into a form that can be consumed by banks, telephone companies, and landlords in the US. So far, the startup has reached deals with 15 countries to create a “credit passport” that allows immigrants to bring their financial history with them.

Solution News Source

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