Country Funders Credit Check play online

Country Funders Finance Corporation is a local finance company established with the goal of extending financial assistance to the unbanked and underserved sectors of the country.

In order to provide financial assistance to clients who wants to purchase motorcycle units from Ropali Motorcycles or who to avail other loans to be financed by the company, we are introducing the Country Funders Credit Check App which aims to provide alternative score that will help the company in rendering fast credit decision for your loan application.

This is made easy by using the CredoLab scoring system! CredoLab is a smartphone-based FinTech solution provider that generates an alternative credit score to help participating financial institutions make a credit decision when you apply for financial services with them.

How does CredoLab work?
When you apply for a credit card or a loan with a participating company, the company may ask you to play online this app to receive an alternative assessment of your creditworthiness. If you choose to participate, you may play online our app and allow us to collect and use information from your phone to generate a credit score. The credit score is provided only to the participating company whom you have made the application.

How does CredoLab use information on my phone to create a credit score?
Our research shows that, in the absence of reliable credit bureau data, certain data points on the phone are predictive of an applicant's tendency to repay a loan.

The data points we collect do not directly identify you.

We do not ask for access to your social media account to create your credit score.

We ask for this information on behalf of the participating company because it might tell them something more about you as a borrower. With your permission, we access data points from Storage, Calendar, Contacts, Photo Library, and Reminders.

The information we retrieve is used only to calculate your credit score and to find the correlation between you as an applicant and the predicted default rate. This information is not used to sell ads nor shared with any third party.

These are some examples of how the data points we collect relate to your credit score:
*Calendar A higher number of events scheduled during working hours of working days shows higher willingness to repay.
*Contacts A lower number of contacts with more than one phone number tends to indicate lower willingness to repay.
*Other / Access Mail Information A lower percent of unread mails might relate to a higher tendency to repay a loan.

You may choose to give permission to one or all of the permissions require but higher accuracy is achieved with more information provided.

CredoLab respects your privacy

We always ask permission from you before accessing the information on your phone; all information requested is relevant to creating a credit score. You may choose not to provide the information requested. However, your credit score may be inaccurate or unavailable for your application as a result.

You will not be required to create an account with u but will be required to enter the code provided to you via SMS by the company with whom you have made the application. This allows the company to link your credit score with your application. We do not receive any personal information from your company in relation to your application.

We process the information and the company of your choice receives some limited information about you including the results of the credit assessment in relation to the loan you are applying for. While the information remains attributable to you, it cannot be reverse engineered to produce the original raw information collected.
For more information on our data practices, please refer to https://www.credolab.com/privacy-policies/gdpr-privacy-policy.