eCredable

Does credit affect insurance? More than most people realize. Your credit score insurance rates might be costing you more than a speeding ticket would.

You’ve never had an accident, yet your premium keeps climbing. You’re being charged a "Low-Score Tax" simply because the insurance credit score meaning isn't clear to you. Insurance companies use your credit to predict "risk," and if your score is "fair," you're paying the price.

You can fight back. By using rent reporting to credit bureaus, you can add your largest monthly payment to your profile. As you improve your credit score with rent payments, your credit-based insurance score can shift, keeping that extra cash in your pocket instead of the insurance company's.

Have you noticed a spike in your insurance lately? Visit our website to see if a credit boost could lower those rates.

Financial empowerment doesn't happen in a vacuum.

The frustrating truth is that millions of people are excluded from the traditional financial system. Not because they are risky, but because the system wasn't built for them. Whether you are a recent arrival to the U.S., a new entrepreneur, or a renter, the old rules can make it incredibly hard to get ahead.

We believe real financial inclusion starts on the ground. That’s why we are so proud of our community partnership initiatives.

We team up with over 25 incredible nonprofits and organizations across the country to support community development finance. Together, we are working to close the gap and expand economic opportunity for people of color, immigrants and underserved groups.

By focusing on inclusive financial services, these on-the-ground financial empowerment programs help people securely report their everyday bills and build a visible track record. It is all about fostering community credit and ensuring everyone has fair access to financial services.

Everyone deserves the opportunity to potentially unlock better rates, easier approvals and a stronger financial future. We are here to help make that happen.

You are making money, your sales are up and your business is growing. So, when you apply for funding, it should be an easy "yes," right?

Not always.

Many founders are shocked to learn that revenue is only one piece of the puzzle. When reviewing their business loan approval criteria, lenders are looking heavily at your business credit history.

Even if you have cash in the bank, banks want to see a documented track record of paying your obligations on time. If that history is invisible, they get nervous.

So, what are they looking for? They want to see consistent, verified business accounts.

The good news is that you are probably already paying them. Your business internet, utilities, cell phones and vendor and supplier accounts can all serve as proof of your reliability.

By reporting these everyday expenses to major data analytics companies, you can help make your invisible history visible. It is a smart way to potentially meet lender criteria and standard business credit requirements without taking on unnecessary debt.

Don't let a great business get denied on a technicality. Make sure your track record matches your success.