WHY A NEW FORM OF SCORING?
Credit scores were born to measure people’s ability to pay, and their main sources of data where whether you had paid other debts before. This creates a tail chasing game which leads to high levels of debt and slavery. People with non-traditional forms of employment (like freelancers, students, or immigrants) are particularly vulnerable, and always seem to start from zero and suffer from higher interest rates, even if they are perfectly great people.
We need a new form of credit score that empowers people. Fortunately today we have new data sources to assess whether people behave well and are trustworthy. Traity´s algorithms use non-credit data like eBay or AirBnB profiles, FB and LinkedIn social networks, to determine people’s trustworthiness, giving you the chance to get access to the services you need at the prices you deserve.