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Curu: A personal credit score advisor in your pocket

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Curu: A personal credit score advisor in your pocket

Raise your hand if you have no idea what a credit score is

6.21.17

As students, we all focus on one number in our life in particular, our GPA’s,
however, we should arguably be just as focused on our credit scores- a number which follows us for the rest of our lives. Credit scores are a mystery to most young college aged adults. Most know they exist, often from television commercials, but fail to understand the implications of a bad credit score leaving many college students in sticky situations lost and confused. This resulted in the creation of Curu Credit a company started by two college students from the University of Maryland who were almost left homeless when attempting to lease an apartment and were deemed unreliable consumers due to their subpar credit scores.

Curu uses an algorithm which analyzes credit spending, debit balances, income level, and other factors that influence a credit score to find and suggest the best action you can take to raise your credit score.

What is Curu?

Curu is an app which provides its users with information on what actions they can personally take to not only establish a credit score but to maintain and improve it.

Curu uses an algorithm which analyzes credit spending, debit balances, income level, and other factors that influence a credit score to find and suggest the best action you can take to raise your credit score. Curu also pays your credit balances for you in a manner which would benefit your credit score, if you choose to implement this setting. If you don’t have a credit card Curu will suggest types of credit card accounts to open based on your personal information.

Curu thinks about your credit score so you don’t have to worry about it.

Curu is a personal advising service which analyzes and compiles your data to suggest actions you should take to best positively influence your credit score.

When signing up users are prompted to create a financial profile to allow the system to understand who the users are and set goals. The app will then send push notification with recommended actions or if the automated system has been enabled then it will update the users on actions taken. Upon opening the app, users will see a performance indicator and their Curu Rank with a list of recommendations and notification. This information will allow users to take necessary action and understand their credit scores.


What is a credit score?

Credit scores are what companies used to rate each person who has a banking or commercial relationship. The score is used to evaluate the potential risk of lending money to a customer; it is a credit risk or liability. A score determines if you qualify for a loan with what limitations at what interest rates, the better your credit score the easier it is to get a loan with lower interest rates and fewer limitations. This benefits you when applying for car loans or mortgages in the future.

A credit score is based on any commercial payments made based on credit availability and payment history. This means that credit should be established ASAP. Many college students know this; they were advised to open a credit card in the beginning of college to start building their credit scores but were not given any information as to how to properly build a credit score and many end up doing more damage due to this lack of information. For example, most people do not realize that buying a pack of gum is more beneficial for your credit score than paying your rent on a credit card.

Most people do not realize that buying a pack of gum is more beneficial for your credit score than paying your rent on a credit card.

Curu thinks about your credit score so you don’t have to worry about it. Curu is a resource to help build a bridge between you and the information and lessen the gap so that young adults can leave college and start their adult lives with a healthy credit score providing them with the best chance of purchasing homes and cars and other necessary amenities to kick start their lives.