Ecredable

eCredable pivoted from a Credit Reporting Agency to a Data Furnisher on behalf of the end-user (both consumer and small business owner) in 2019. Most phone and utility companies do not report consumer accounts to consumer credit bureaus. eCredable Lift empowers them to report their phone and utility bills to TransUnion directly impacting mainstream credit scores like FICO. This allows these consumers to potentially qualify for credit offers from mainstream providers already using these types of credit scores. There are 45MM consumers who would immediately benefit from this credit-building service. Another ~80MM have the potential to benefit. For small business owners, eCredable Lift empowers them to report these bills as well as other types of business-related expenses that are not typically reported to business credit bureaus. Having a business credit score allows the small business owner with the ability to separate their personal credit from their business credit. 85% of all businesses have no business credit score from the major business credit bureaus.

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