We’ve launched a new integration that allows you to upload credit reports. Pave cleans, normalizes, and unifies credit reports with a user’s bank transaction data, allowing lenders to easily get a complete view of a borrower’s liabilities.
To date, Pave has been surfacing a user’s liabilities from their bank transaction history as well as debt aggregators like Method. However, while bank transactions provide valuable insight into a user’s debt payments, they don’t include information such as the original loan amount, the current and remaining balance, the APR, and more.
Ingesting credit reports will allow us to unify a user’s loan payment history in bank data with the corresponding loan details from a credit report.
Overall, the more data sources Pave can ingest about a user, the more complete and accurate their financial picture will be, since there is no single data source that captures all of a user’s cashflows, liabilities, and assets.
Can I upload any credit report, or are there specific bureaus or resellers that Pave supports?
Our integration supports credit reports from any bureau or reseller.
You can read more about uploading credit report data on our docs.
Do I need to format the data in a particular way, or can I upload it as is?
Most credit report data comes in XML format, which you can upload as is.
If you have credit reports in any other format, please reach out. You can read more about uploading credit report data on our docs.