If you weren't approved for KoraCash, it likely means your credit profile could use a little TLC.
TransUnion, Experian and Equifax are the three bureaus that score your credit profile, and are required to give you a free credit report every year. Check your report to make sure the information is accurate, including any missed payments or incorrect balances.
Maybe you don't have an awesome credit score because you don't have much of a credit history. Still—you might have a history of paying rent! All three major credit bureaus will include rent payment information in credit reports if they receive it. These credit reports in turn provide the data that go into your credit scores—and strengthening that credit history is a key to a good credit score.
(This article at Nerd Wallet has a comprehensive guide on how to report your rent to credit bureaus using a variety of apps and website.)
As you work on your credit profile, keep checking back on the Kora app each month to see if you have been approved!
Want to learn more about your credit score and how to improve it? Check out Kora's free Credit Education Program.
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