Esusu: Breaking Limitations to Housing
Hundreds of thousands of Individuals face challenges accessing impactful monetary instruments on account of restricted or no credit score historical past. Practically 45 million Individuals are credit score invisible, which means their monetary id is usually neglected by lenders. Add to that the truth that lower than 10% of rental funds are reported to credit score businesses, and it’s clear why constructing credit score can really feel like an uphill battle.
That’s the place Esusu steps in, and the outcomes say all of it. Their lease reporting service permits renters to construct their credit score by reporting on-time lease funds to all three main credit score bureaus—Experian, Equifax, and TransUnion. In response to Esusu:
- The typical Esusu person sees a +46 level enhance of their credit score rating.
- Customers can report as much as 24 months of previous lease funds, giving their credit score profile an on the spot enhance.
- No arduous credit score pulls—only a easy, efficient solution to strengthen monetary standing.
From Credit score Enchancment to Homeownership
A powerful credit score rating is the muse of economic stability and a key think about qualifying for a mortgage. With the Esusu app, you’ll be able to simply verify your credit score rating and see your credit score historical past for the previous two years. However that’s not all! It additionally offers you instruments and assets to enhance your credit score and join with useful companions by way of their market.
By leveraging Esusu’s lease reporting to construct credit score, you’re taking an important step in the direction of making your on-time lease funds rely, and in the end, in the direction of homeownership.
OneUnited Financial institution champions possession as a important bridge to closing the wealth hole. We’re dedicated to supporting options that uplift our neighborhood. That’s why we encourage our clients to make the most of instruments like Esusu, alongside our house loans and first-time homebuyer packages, to show their goals of homeownership right into a actuality.
——
We imagine that wholesome credit score and possession are key components of your monetary well-being, which is why we’re excited to crew up with Esusu. If you happen to’re renting, it’s time to make your lease funds give you the results you want, bettering your credit score rating and serving to put together you for homeownership.
Collectively, we’ll proceed to advertise monetary empowerment for all!