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BBVA-supported start-up to help Americans correct imprecise credit reporting.
Upturn, a US start-up founded by BBVA, has formally kicked off a free on-line utility that will simplify and streamline the processes of discussing credit reporting irregularities. More than 250 million credit records exist in the US and 22 million individuals are refused credit every year, often without a clear statement, causing many to file complaints.
Imprecise credit reporting is the second most frequent annual complaints to the Consumer Finance Protection Bureau. Upturn, a San Francisco-based firm, wants to resolve the issue by giving individuals more visibility and oversight of their credit records and help them correct mistakes through an on-line self-help site. Established in 2017 by Rod Ebrahimi, former chief executive officer of ReadyForZero, Upturn was formed in the BBVA´s New Digital Businesses entity to support discontinuous start-ups of finance related businesses.
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