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Ecrid, Inc. (OTC: ECDD) is the first minority-owned, publicly traded credit bureau aimed at improving credit access for underserved communities, particularly students and alumni of Historically Black Colleges and Universities (HBCUs). In collaboration with the National Association for Equal Opportunity in Higher Education (NAFEO), Ecrid intends to provide a unique credit valuation through its Ecrid Credit Report and Ecrid Lending Report, addressing significant credit disparities. Ecrid seeks to empower these individuals economically, enabling home ownership and wealth-building opportunities.
ECRID, Inc. (ECDD) has partnered with ResMac Mortgage to assist Americans struggling with mortgage access in the current economy. This collaboration aims to provide tools for individuals to obtain mortgages and improve their creditworthiness through the ECRID platform. ECRID’s innovative fintech solutions focus on helping those with past financial issues regain stability and build wealth. The company emphasizes second chances for customers, enabling them to create their own credit reports and apply for loans.
ECRID (OTC: ECDD), a new credit bureau, provides members with a personal ECRID Credit Report, starting with a Perfect 950 Credit Score. The platform aims to assist those with poor credit scores by allowing them to apply for loans (home, auto, personal) based on their ECRID report rather than traditional credit scores from Equifax or Experian. Launching in November 2021, ECRID also features an automated bill payment service that updates credit scores in real-time. Additionally, a referral program rewards members for bringing in new users, with a $75 incentive for each successful referral.
ECRID has received SEC approval for its S-1 filing, allowing it to raise $20 million in its IPO. As a new credit bureau, ECRID provides users the chance to create credit reports based on timely payments to unconventional creditors, starting with a perfect score of 950. ECRID’s unique platform aims to facilitate loan applications for users by allowing lenders to evaluate creditworthiness based on the ECRID Credit Report. Additionally, ECRID offers a referral program rewarding members for generating new user sign-ups.
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