Today, newcomers to the US from four African, Central and South American countries will have the financial opportunity to pursue their American dreams by building their credit in the US.
American Express, in partnership with cross-border credit reporting fintech company Nova Credit, announced today that it has expanded credit access to immigrants from Brazil, Dominican Republic, Kenya and Nigeria with global credit scoring and reporting platform Credit Passport, enabling newly-arrived immigrants to the US from these countries to use their credit history to immediately apply for personal American Express cards and to start building credit history in America.
How it works
Credit Passport enables a newcomer’s credit history to be translated easily into a US credit report and score, which American Express can use to make decisions when processing their application and assigning a credit line. People applying for an American Express Card can authorize Nova Credit to translate their raw international credit bureau data into a US-equivalent credit report.
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