Marketplace lender launches credit score comparison service

As part of an “ongoing company growth strategy”, the neo-lender has launched what it is billing as Australia’s “first credit score comparison engine”.

WisrCredit.com.au has been launched to enable consumers to compare credit scores and information from major credit agencies such as Equifax Australia Information Services and Solutions Pty Limited (Equifax) and Experian Australia Credit Services Pty Ltd (Experian), among other sources.

According to the ASX-listed lender, formerly known as DirectMoney, the credit score comparison would enable users to view and track their financial health without impacting their credit score.

It will also provide users with resources to help them better understand credit health and the steps that can be taken to improve their score.

Anthony Nantes, chief executive officer at Wisr, said that the new service would be an important part of the company’s growth strategy.

“As part of our commitment to financial wellness, we want to provide transparency into what is often a black box for most Australians,” Mr Nantes said.

“WisrCredit.com.au is the only credit comparison engine in Australia, and is a smarter, fairer and wiser way for Australians to check their credit score.”

According to the CEO, more than 3,000 people used the service during the initial beta testing period, and that there was an opportunity for “hundreds of thousands of Australians to come to the Wisr ecosystem for the first time”.

 [Related: Lender launches financial wellness program]