Credit Score

FriendlyScore writes

Redefining Creditworthiness

By expanding the scope of traditional credit risk assessments, FriendlyScore enables borrowers to make more financially inclusive lending decisions, especially regarding the often underserved group of near-prime customers.

Beyond the Credit Score. Open Banking solutions for thin file and other near-prime customers

Credit scores have long been the benchmark for determining whether or not you are eligible for credit. Credit scores also determine the quality of credit you will receive: a higher score generally translates to lower interest rates. Whilst it is easy to determine the eligibility of individuals at either end of the scoring spectrum, there exists a subset of customers in the middle known as “near-prime” for which things are less clear.