Currently the world of credit reporting and scoring is complicated and untransparent. Nearly a quarter of people in the UK have experienced being rejected for credit or ‘downsold’ (being told that they can’t be given Product A but offered, a generally more expensive Product B). When this happens most often people are told “your credit score isn’t good enough” and guess what they then want to see their credit score and report.
At this stage they have two choices: either pay £2 and go through a pretty tortuous process to get a print out or XML version of their credit report (they won’t be told their score) or pay around £15 a month for access through a paid for service.
We think this isn’t good enough and we are working hard to make this opaque, complicated and difficult process, much, much, much easier… and free!
