GoPeer partners with credit scoring platform
Canadian peer-to-peer lending platform GoPeer has partnered with credit score software FICO.
The partnership will make GoPeer the first P2P platform to provide FICO Scores to its customers, free of charge, through the FICO Score Open Access program.
The platform aims to educate consumers by increasing transparency through its borrowing process.
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“As a company that champions financial wellness, we are continually innovating to offer consumers the best experience,” said GoPeer chief executive Marc-Antoine Caya.
“This collaboration with FICO allows us to empower our borrowers to improve their financial wellbeing with even more insights into their credit with their FICO Score, key factors, and educational content.”
Enabling Canadian consumers to access their FICO Score through the platform is hoped to offer them greater insight and help them understand and determine how lenders may view their credit risk.
The move is intended to provide them with increased confidence in financial decision making and greater overall financial literacy.
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“FICO Score Open Access program empowers consumers to take charge of their financial future,” said FICO US and Canada sales vice president and general manager Kevin Deveau.
“With FICO Scores being used by 90 per cent of the top Canadian lenders and credit unions, our partnership with GoPeer helps Canadian consumers have the opportunity to access their score and understand the role of credit in daily life.”
Toronto-based GoPeer was the first consumer P2P platform to receive a Canadian crowdfunding licence.
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