Jay-Z launching "Perch Credit" app to help PoC raise their credit scores

NoMoreWhiteWoman2020

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If you miss a payment, does it negatively impact your credit as well? And I wonder how they are making money off this, is it subscription based? Imagine subscribing to a service to handle your subscriptions... I hope this isn’t his version of the Rush Card by Russell Simmons
 

Swirv

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They’re copying boost by experian. The thing is if whoever you’re obtaining credit from doesn’t factor this type of payment into their formula it doesn’t add any value to your score.

Best way to get your credit up is too have credit and don’t use it. The more credit you have with less debt the higher you’re score.

Seems to me these use your utility bills boosters are no more than a privacy tool to find out where you actually live.
 

dontreadthis

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If you miss a payment, does it negatively impact your credit as well? And I wonder how they are making money off this, is it subscription based? Imagine subscribing to a service to handle your subscriptions... I hope this isn’t his version of the Rush Card by Russell Simmons
they’ll get paid by funneling people into certain loan offers and market instruments within the app and by creating persona profiles with your data.

same thing creditkarma does
 

Da King

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russell-simmons-rushcard-large.jpg
 

NatiboyB

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Same thing as crent glad they are offering an alternative I don’t really find this useful fir increasing your credit score and I doubt underwriters put much validity into it.

but for people who are recovering credit it could work
 

Primetime21

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Jay-z isnt launching the app he’s just an investor. The CEO of Perch credit is a black man. There are subscription services that offer some of the same features they are going for here. But a black man’s name is attached so of course crabs have to find something to nitpick, some of yall are ridiculous.
 
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