HOUSTON – CafeCredit announced today that it has helped over 10,000 people get free access to their credit scores. Cafe Credit, which launched in 2014 as a financial forum, quickly evolved into an online resource with advice and information related specifically to credit and credit issues.
“This is a big milestone for our company, but it’s just the beginning,” said CafeCredit CEO and founder, Simon Nowak. “There is still a lot of work ahead of us and we are definitely not slowing down. Since the Fair and Accurate Credit Transaction Act was passed in November 2003, all Americans have been able to get a personal credit report for free, at least once per year. However, knowing about free credit scores has only recently become popular in the minds of the general public.”
One’s credit score is calculated using a credit scoring model (FICO, for example) based on personal credit report data. According to CafeCredit, there are three different credit scores from each credit reporting agency, including Experian, Equifax and TransUnion. In November 2013, FICO started the Open Access Program. The online channels through which free credit scores are available have been expanding, becoming much easier for the consumer to access. That was welcome news for consumers who know that lenders use credit scores to help determine one’s creditworthiness.
“I believe we have grown rapidly because we present information in a transparent and unbiased way,”
Nowak added. “We list all the features of top credit scoring websites and ultimately we let the consumer make the final decision. No other credit report blog in the industry gets such clear and helpful credit score information.”
For more information go to https://www.cafecredit.com.
Company Name: Cafe Credit
Contact Person: Simon Nowak
Country: United States