For you
VeraScore™ is a financial health tool that gives you a clearer picture of your money. It looks at your income, spending, savings, debt and bill payments, gives you a score out of 100, explains what moves it, and helps you track your progress month over month.
Checking your VeraScore never affects your credit score. Setup includes a soft credit pull, which doesn’t show up to lenders, and is why we ask for your SSN or ITIN.
What you’ll learn
Six factors, each scored on its own, so you know exactly which habits are helping, which are holding you back, and where to start.
Whether the money coming in each month covers the money going out.
Whether your bills and loan payments arrive on time, consistently.
How much of your monthly income before taxes goes to debt payments like loans and credit cards.
Whether you’re clearing expensive balances like credit cards, rather than carrying them month to month.
How much you could reach today if something unexpected came up.
Whether your savings are growing month over month, not just sitting still.
Each factor comes with a plain-language explanation of what moved it.
Getting started
Set up your profile with your contact details, annual income before taxes, and your SSN or ITIN, which we use for a soft credit pull. A soft pull never affects your credit score.
Connect checking, savings, credit cards, loans, 401(k) and investment accounts through Plaid. You need at least three connected accounts to get a score; the more complete the picture, the more accurate the score.
See your VeraScore, your six factors, and up to two years of score history.
VeraScore connects through Plaid, the same infrastructure behind apps like Venmo and PayPal. VeraScore cannot move or spend money and never sees your bank password.
No one sees your data unless you choose to share it. Your transactions are visible only to you.
256-bit encryption, with your personal information stored separately from your financial data.
Nothing hidden. No selling your data. Ever.
Why it matters
Gig work, 1099 income, tips, multiple jobs, self-employment. Connect the account it lands in and it becomes part of your score.
Check your score and the reasons behind it any time, and watch how this month compares with your 6-, 12- and 24-month history.
Consistent income and stable balances are part of what VeraScore measures, so recent progress counts, not only your past.
Worth being clear about
VeraScore does not approve or deny applications and does not set rates or terms. Every lending decision stays with the financial institution. Your score is yours; what your financial institution can see is up to you.
Questions
?
No. Checking your VeraScore never affects your credit score. You can look as often as you like.
Your SSN or ITIN is used for a soft credit pull as part of building your score. A soft pull never affects your credit score.
A credit score uses only credit data to measure your ability to have debt. It is a static, 30-day-old snapshot of a handful of data points, focused primarily on payment history. VeraScore measures your ability to be financially responsible and to manage your financial health, as well as your capacity for current and potential debt.
No. VeraScore cannot move money either between or to and from your financial accounts. VeraScore is strictly a read-only application with respect to your accounts and data.
Through Plaid, a world-leading data aggregator certified to ISO 27001 and ISO 27701 and SSAE18 SOC 2 compliant, used by companies like Venmo, PayPal, Chime and SoFi. Plaid handles the authentication, so VeraScore never has access to your username or password.
Nothing, unless you are enrolled with that institution and you permission it. When you do, they can see your VeraScore, your six factors, how your score has trended over time, and the audit trail behind it. They never see your individual transactions. Those stay visible only to you.
Your VeraScore is updated once a month, normally on the 10th. It can be updated at any time depending on need. Your transaction data is updated once a day so you can keep a running tab on all of your accounts in one place.
Three is enough to get a score. Connecting more makes the picture more complete and the score more accurate, so it is worth adding checking, savings, credit cards, loans, 401(k) and investment accounts.
Yes. VeraScore will comply with all valid data deletion requests in accordance with our data protection policies and applicable laws. See the Terms of Service and Global Privacy & Security links on the Profile page in the app.
No. VeraScore will never share your personal or financial data with anyone unless you specifically allow it, and we never sell your data.
VeraScore is opening to new members in waves. Join the list and we’ll let you know when your spot is ready.