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Bloom Credit

THIS NYC STARTUP JUST RAISED $3.87M TO GIVE DENIED CREDIT APPLICANTS A SECOND CHANCE

September 14, 2018

For someone whose credit score is off a few points from a financial institution’s qualifying score has few options: they are either outright denied a loan or end up with an expensive financial product. But that’s changing with Bloom Credit, the financial wellness platform that provides denied applicants with a data-driven credit-building roadmap to help improve their financial health. This system analyzes credit reports to determine the cause of poor credit and it then provides a specific solution to improve customers’ scores. Customers normally become eligible for a loan within six months of using Bloom Credit.

Read More at: https://www.alleywatch.com/2018/09/this-nyc-startup-just-raised-3-87m-to-give-denied-credit-applicants-a-second-chance/

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