Nova Credit

What is Nova Credit?

Nova Credit is a pioneering credit infrastructure and analytics company that bridges global credit data with U.S. financial services. It allows immigrants and newcomers to the U.S. to translate their foreign credit history into a U.S.-equivalent credit score through its proprietary Credit Passport® program. This enables access to credit cards, auto loans, phone plans, and student loans without starting from scratch. Nova Credit also offers advanced cash flow underwriting and income verification solutions, helping lenders make faster, more inclusive credit decisions while maintaining compliance with U.S. regulations such as the Fair Credit Reporting Act (FCRA). Trusted by major partners like American Express, Verizon, and SoFi, Nova Credit accelerates credit access for underserved populations and supports lenders with flexible, scalable data integration.

Key Features

• Cross-Border Credit Translation

  Transforms international credit histories into U.S.-equivalent credit reports to help newcomers qualify for financial products.

• Comprehensive Data Integration

  Aggregates data from over 26 sources including international credit bureaus, bank transaction data, payroll systems, and more.

• Consumer Reporting Agency Compliance

  Operates under FCRA guidelines, managing disputes and adverse action notices to ensure regulatory compliance.

• Cash Flow Underwriting with Cash Atlas™

  Leverages bank transaction data and proprietary risk attributes to provide a more complete and predictive credit risk profile.

• Income Verification with Income Navigator

  Automates and enhances income verification processes to improve lender conversion rates and user experience.

• Fast Implementation and Scalability

  Enables lenders to go live 9-12 months faster than building in-house solutions with enterprise-grade infrastructure and analytics.

Use Cases

• Newcomer Credit Access : Helps immigrants and newcomers use their foreign credit history to access U.S. credit cards, loans, and financial services.
• Lender Risk Assessment : Provides lenders with enhanced credit risk data and predictive analytics for better underwriting decisions across credit products.
• Tenant Screening : Improves rental application processes by verifying income and creditworthiness of newcomers and underserved consumers.
• Mobile Device Financing : Enables consumers to finance smartphones and mobile plans using their international credit history.
• Student Loan Qualification : Supports international students in accessing loans by leveraging their credit history from abroad.
• Auto Loan Pre-Qualification : Allows auto lenders to pre-qualify newcomers for financing, expanding access to vehicle loans.

FAQs