This is a question we often get from lenders that are looking to leverage credit optimization. The main difference between our technology and credit repair and counseling services is that CreditXpert’s predictive analytics platform is grounded in highly sophisticated algorithms that give lenders clear insights into an applicant’s credit potential (the highest possible mid-score) along with a detailed plan on how to reach a target mid-score. These algorithms have been trained and refined over the years through the analysis of nearly 1 billion mortgage credit inquiries.
Another difference between CreditXpert’s Platform and credit repair and counseling services is that our technology delivers insights that can help applicants from across the credit spectrum improve their mid-score within in as little as 30-days. Credit repair and counseling services are dispute-based services performed by employees of a firm looking to dispute or repair questionable tradelines on behalf of a consumer for a fee. Such services often take much longer, are typically promoted to applicants on the lower end of the credit spectrum and may require the applicant to pay a monthly fee.