The President of Clarity solutions discusses making a credit bureau from scratch, realtime credit choices, fighting fraudulence, hawaii connected with sub-prime client and a lot more.
In this country there’s been three primary credit rating agencies, Experian, Equifax and TransUnion, for many years. These companies provide great deal of the consumer data that creditors utilize now to generate a credit option. But, there are bureaus which cover different niches into the client space and another such company is Clarity Services.
My visitor that is next on Lend Academy Podcast is Tim Ranney, the CEO of Clarity Services. Tim is doing a very important factor really individuals who are few ever done: he is began a credit bureau from scratch. Clarity Services calls itself the РІР‚СљReal-Time Credit BureauРІР‚Сњ, Tim defines what this signifies into the show and just how their company varies through the other people to your big three bureaus.
Many thanks for visiting the Lend Academy Podcast Episode No. 106. This can be your host, Peter Renton, Co-Founder of LendIt and Founder of Lend Academy.
Peter Renton: in the show, i am happy to welcome Tim Ranney, he’s the President and Founder of Clarity Services today. Now, Clarity can be an interesting company and Tim did a thing that few folks have actually ever really tried, and that’s to generate a credit bureau from scratch. Now it really isn’t straight competing due to the big three, their focus is on subprime consumers.