Steven Shaw

Background

About Steven Shaw

Credit scores are based on information in the underlying credit file. No information means no score. No score means no sale when applying for credit. eCredable is changing that. The age of “user permissioned data” is here, and eCredable is empowering the consumer or small business owner with the ability to add information to their credit files. For consumers, we work directly with the consumer to verify how they pay everyday bills like rent, utilities, and insurance. We create a credit score lenders can use to underwrite products like credit cards, personal loans, auto loans, and home loans. Lenders benefit by approving more applications. The lender reports the consumer’s monthly payment to major credit bureaus resulting in a credit score being created for the consumer. They have solved the “catch-22” problems that exists when building credit and crossed the credit chasm! There are 45 million “credit invisibles” in the U.S. that can benefit from using eCredable. For small business owners, we work directly with the owner to help them report their utility and telecom payments to business credit bureaus. This creates an initial business credit score, or supplements the information already present to potentially improve their business credit score(s). This also helps the owner create some separation between their personal assets and their business liabilities. There are 20 million small business owners in the U.S. that can benefit from using eCredable.