Lending > Best Lending Platform
Financial independence…what does it mean to you? For many, even with a bank account, renting an apartment, buying a car, or even qualifying for a job is just a dream, not a reality. Poor or thin credit history is holding people back.
ROSCA is spearheading a solution to this crisis. Rather than attacking the problem by ourselves, we’re enlisting the help of America’s largest banks. Today, millions of bank customers, despite having a checking and/or a savings account, languish in financial purgatory. If only they could borrow and banks could lend to them...hmm.
As a third party service, ROSCA provides banks’ customers access to revolving credit, saving, and investing on OUR platform. Two things happen: 1) Rapid payment cycles enable credit bureaus to receive a critical mass of new payment data enabling expedited credit re-scoring. 2) ROSCA funnels payment data back to the banks on a real time basis. Armed with current bank account info, updated FICOs, and raw, real-time payment data, banks can re-bucket credit worthy customers. The customers “graduate” back to banks who eagerly extend to them on-balance sheet credit. Everybody wins…BOOM.