We believe that people are so much more than just a credit score.
What doesVeraScore do?
VeraScore brings to life the true financial health and potential of each individual - providing a greater number of people better access to financial resources. VeraScore levels the playing field for individuals, especially those that have been underserved or felt “left behind” by traditional credit scoring companies. We promote financial literacy and empower people to take control of their financial health, which will ultimately make them a more compatible match to potential lenders.
How does VeraScore help Lenders?
We believe that lenders should have tools at their disposal that provide actionable business insights into their customer base. VeraScore™ is the first platform that uses all relevant and available financial data to objectively, accurately, and holistically measure a borrower’s Financial Health.
VeraScore™ also helps lenders to address issues of corporate social responsibility by helping underserved communities. Our holistic approach allows lenders to find good borrowers that have been overlooked by the traditional means, simply because they did not have a credit history or their credit scores did not reach a minimum. We help lenders increase their pool of potential borrowers without increasing the risk of default.
We simplify the most painful and time-consuming element of underwriting - verifying a customer’s financial information. Because a consumer chooses to provide VeraScore access to their financial data directly from their financial institutions, VeraScore can deliver the relevant information directly to the underwriter, who can quickly verify it and approve the loan.
How does VeraScore help Consumers?
We believe consumers should have a simple, fair, and transparent way to manage and report their financial health - truly reflective of who they are as individuals.
By objectively analyzing all of a consumer’s relevant financial data, VeraScore is the first company that empowers each individual to take control of her or his financial health. Our VeraScore™ Financial Health Score (FHS) will help consumers learn about the impact each financial decision will have on their financial health and help to get them access to the credit products they need at a fair rate.
Each member controls her or his own VeraScore™ FHS as well as the underlying data, so consumers can choose to share it with potential lenders, credit card issuers, etc., when they apply for new financial products.
This puts consumers back in the driver’s seat as they are able to shop for the best financial products to suit their individual needs, in a similar way to how we shop for virtually any other product or service.
Our Values
Our corporate values focus on being Fair, Equitable, Transparent, and Empowering in any and all of our interactions with our customers, and also in our interactions with our investors, our partners, and, most importantly, our employees.
Our People
For our current and future team members, we believe that you are more than just a set of skills, education, and experience. When you join VeraScore, you’ll find a collaborative, proactive, and inclusive environment where you can bring your full self to work to contribute to your own development, your team’s, our company, and to society at large.