Announcing the Cash Advance History Score

Written by Alain Shema | Mar 31, 2023 1:36:00 PM

We’ve released our new Cash Advance History Score (CAHS)! This score showcases a user’s repayment history across multiple cash advance providers.

A higher score corresponds to better repayment behavior by the user. For example, a score of 100 shows that the user never repaid any cash advance in the specified interval within 7, 15, or 30 days, while a score of 999 shows that the user has had multiple cash advances in the past and repaid all of them within 7, 15, or 30 days.

How it works

Pave’s matching algorithm accurately labels every cash advance and its corresponding repayment.
Pave calculates a 3-digit score that summarizes the user’s cash advances for specific amounts and their repayment rates.
The scores are broken down as follows:
- Excellent: 850 to 999
- Good: 720 to 849
- Average: 590 to 719
- Poor: 100 to 589

Why this matters

When a new user requests a cash advance, they usually get approved for a small advance
A user must prove their creditworthiness in order to graduate to larger cash advances. This is a lengthy process of proving they can repay over months, which leads to a bad experience and eventual churn.
The Cash Advance History Score allows a provider to assess a new user’s repayment history across other providers in order to offer a higher cash advance amount upfront. This results in a better user experience, increased retention, and increased average revenue per user (ARPU).

Use Cases

Offer personalized cash advance amounts or credit limits based on the user’s CAHS
Offer higher initial advances to increase retention for users with good or excellent scores
Increase approvals for new users with good or excellent scores
Reduce credit limits or deny users with average or poor scores

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