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May 29, 2014 01:00 pm GMT
In the modern, credit-rating-dominated world having little or no credit history — what the financial services industry calls a “thin file” — makes life much, much harder. It creates a vicious cycle, where lenders are less likely to lend to a borrower, because there’s no credit history. Now DemystData has raised $5 million in financing to solve the problem for… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/IvVqy9BJflY/
Uncovering Data For Credit Worthiness Earns DemystData $5 Million
In the modern, credit-rating-dominated world having little or no credit history — what the financial services industry calls a “thin file” — makes life much, much harder. It creates a vicious cycle, where lenders are less likely to lend to a borrower, because there’s no credit history. Now DemystData has raised $5 million in financing to solve the problem for… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/IvVqy9BJflY/
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