CredoLab is a smartphone-based FinTech solution provider that generates an alternative credit score to help participating financial institutions make a credit decision when you apply for financial services with them.

When you download the ScoreMe app, you can check your likelihood of been approved for a particular financial service.

How does CredoLab work?

When you make an application for a credit card or a loan with a participating bank, the bank may ask you to download this app to receive an alternative assessment of your creditworthiness. If you choose to participate, you may download our app and allow us to collect and use information from your phone to generate a credit score. The credit score is provided only to the participating bank whom you have made the application.

CredoLab respects your privacy

We always ask permission from you before accessing the information on your phone. All information requested is relevant to creating a credit score for your loan or credit card application. You may choose not to provide the information requested. However, your credit score may be inaccurate or unavailable for your application as a result.

You will not be required to create an account with us. You will instead be required to enter the code provided to you via SMS by the bank with whom you have made the application. This allows the bank to link your credit score with your application. We do not receive any personal information from your bank in relation to your application.

We process the information and the bank of your choice receives some limited pseudonymised information about you including the results of the credit assessment in relation to the loan you are applying for. While the information remains attributable to you, it cannot be reverse engineered to produce the original raw information collected.

For more information on our data practices, please refer to https://www.credolab.com/privacy-policies/english.