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.
Alternative credit agency lets immigrants bring their credit scores to the US
More of Today's Solutions
3 ways to get the most benefits out of your daily walk
During the pandemic, walking has become many people's new workout? With fitness facilities closed, people got a little more creative with how to stay ...
Read MoreThese ultra-low-cost batteries use CO2 to store renewable energy
While the price for lithium-ion batteries has dropped significantly in recent years, the technology is still a tad too expensive to be the best ...
Read More16 fun ways to celebrate Earth Day this year
Tomorrow, April 22nd, you can honor Earth Day by learning about your ecosystem and contributing to its health. Here are 16 great activities you ...
Read MoreCount, roll, and win! Why board games are experiencing a well-deserved revival
Board games are making a successful comeback in this age of screens and virtual realities. Nostalgia fans are ecstatic about the opportunity to recreate ...
Read More
