Esusu: Breaking Limitations to Housing
Thousands and thousands of Individuals face challenges accessing impactful monetary instruments resulting from restricted or no credit score historical past. Almost 45 million Individuals are credit score invisible, that means their monetary identification is commonly missed by lenders. Add to that the fact that lower than 10% of rental funds are reported to credit score companies, 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 keeping with Esusu:
- The common Esusu consumer sees a +45 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 instantaneous increase.
- No exhausting credit score pulls—only a easy, efficient technique to strengthen monetary standing.
From Credit score Enchancment to Homeownership
A robust credit score rating is the muse of economic stability and a key think about qualifying for a mortgage. With the Esusu app, you may simply test 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 depend, and finally, in the direction of homeownership.
OneUnited Financial institution champions possession as a essential bridge to closing the wealth hole. We’re dedicated to supporting options that uplift our group. That’s why we encourage our clients to reap the benefits of instruments like Esusu, alongside our dwelling loans and first-time homebuyer applications, to show their goals of homeownership right into a actuality.
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We consider that wholesome credit score and possession are key components of your monetary well-being, which is why we’re excited to workforce up with Esusu. If you happen to’re renting, it’s time to make your lease funds give you the results you want, enhancing your credit score rating and serving to put together you for homeownership.
Collectively, we’ll proceed to advertise monetary empowerment for all!