It can take years for New Americans to attain the same credit score that was achieved in their country of origin, which is why Nova Credit is creating a "credit passport" that would allow people to transfer their credit from country to country.
The company has spent two years researching and contacting credit companies in 15 countries around the world, devising a more universal credit system that would enable new comers to maintain their credit score. With this system, individuals would have a better chance at receiving a loan, and subsequently, a better start at a new life in a new country.
Nova Credit's system would provide all entering America with the same financial opportunities as those around them.
Universal Credit-Transfer Systems
More Stats +/-
Ridesharing Credit Cards
Automated Office Pantries
Self-Serve Beer Stations
Credit Card-Branded Pop-Ups
Biometric Bank Services
Free 2018 Report & eBook
Get the top 100 trends happening right NOW -- plus a FREE copy of our award-winning book.
Our Research Methodology
This article is one of 350,000 experiments. We use crowd filtering, big data and AI to identify insights.