back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

ECRID, the New Credit Bureau files new IPO

By Edlyn Cardoza

October 11, 2021

  • Bill Pay Service
  • Credit Management
  • ECRID
Share

ECRID, New Credit Bureau, USAECRID, the New Credit Bureau that gives you a second chance to get approved for a home, car and personal loan. ECRID is the New Credit Bureau that offers the public an opportunity to create a new ECRID Credit Report with conventional and/or unconventional creditors (rent, electric, telephone, etc.) that have been paid on time to validate an individual’s creditworthiness to future lenders. Each Credit Report created by an individual will start with a Perfect 950 ECRID Credit Score.

ECRID’S CEO, Cleveland Gary, said, “I am excited and thrilled to prepare for the launch of one of the most life-changing and novel Fintech Credit Lending platforms of its kind at a time where a large percentage of adults have cash flow but unfortunately deemed to have poor credit scores.”

First, Bill Pay Service of the company is second to none. ECRID Credit Report Holders will pay their monthly bills listed on their Credit Report through an automated ECRID Electronic Payment System. Once payment is processed, the Credit Report Score and payment status will update in real-time on the User’s Credit Report. This process and method give Lenders validation on how each Credit Report Holder pay their bills.

Secondly, Credit Report Holders will be able to apply for loans (home, auto, personal loans, etc.) inside their ECRID Business Center. Lenders will have access to sign up at the website to become a member and offer their services to the Credit Report Holders looking for financing. The goal is to start offering lending services in November 2021. ECRID lenders will be asked not to pull an Equifax, Experian or Trans Union credit report but instead base their novel FinTech sector lending on the actual individual Users Credit Report. This will give the User (borrower) a fresh start and a second chance at reestablishing themselves as creditworthy borrowers. The Company’s primary objective is to base the lending decision on the Users (borrower) ECRID Credit Report along with the Users (borrower’s) income to debt ratio.

Last but not least, the Referral Program of the company is an exciting and extremely lucrative novel tech platform that pays you, the new Member of the company $75 every time someone clicks your referring ECRID Social Media ADD, and the new User creates a Credit Report. It’s free to sign up as a Member of the company and Start Making Money! As an ECRID User, it costs $25 to create each ECRID Credit Profile (Your Creditor’s Information), and a minimum of four Credit Profiles are required to generate your Credit Report ($100).

Previous Article

October 08, 2021

Skyflow launches FinTech Data Privacy Vault

Read More
Next Article

October 11, 2021

Digital Token Identifier Registration opens with Etrading Software

Read More










IBSi Daily News Analysis

Tech, Banking, UK

October 07, 2022

Bill Pay Service

Despite massive investments in IT, UK banking customers remain skeptical

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Kotak Mahindra Bank partners with Finastra for Kotak FYN

Read More

Today

PENG partners with Ecospend to benefit its small business customers with open banking services

Read More

October 06, 2022

Wise Money develops its platform to streamline the credit approval process

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022