Merit will revolutionize the credit reporting and lending industry. Merit will provide an individual, personally-controlled profile made up of factors that you determine are reflective of your true and accurate credit worthiness, or your “Merit”.
Our objective is to create a world-wide credit worthiness profile for everyone to use anywhere and everywhere.
Stealing someone’s identity has never been easier. With a few basic pieces of information you can open accounts in other peoples names.
Equifax was the subject of more than 57,000 consumer complaints to the Bureau from October 2012 to September 17, 2017, with most complaints relating to incomplete, inaccurate, outdated, or misattributed information held by the Credit Agency.
Apart from breaches and scandals, the credit reporting system itself is antiquated (created in the 1950’s) and inaccurate for the purpose it now serves.
Out Of Your Control
Hackers acquired the records of approximately 143 million people from Experian. They were in control of your data, and who sees what in your reports.
The current credit rating system has inherent deficiencies due to rampant identity theft and erroneous reporting to the Credit Agencies.
Historically, credit ratings are based on only five limited factors: payment history (35%), debt burden (30%), length of credit history (15%), type of credit used (10%) and recent searches (10%). The weighted attribution and lack of other relevant information has created a limit to determining creditworthiness.
Credit Back in Your Hands.
Control the Digital You.
Become the Lender…
…and the Creditor.