Getting the Business Model Right for Startups
Getting the Business Model Right for Startups- creditcheck.ca
RCH-- here is how creditcheck.ca can really work in a web model that is more democratic, more fair and more accurate because it is more open:
A. Consumer Credit Histories:
1. reverse out the work (consumers can create their own credit histories by adding refernces, etc. + businesses can report opn consumer behaviours).
2. businesses that subscribe can access all consumer credit histories.
3. they can generate auto emails for consumer references that automatically send out email forms requesting a credit reference on the consumer.
4. consumers can only access their own credit history that they have created and have their own password provided to them at the time of creation.
B. Business Credit Histories:
1. reverse out the work (consumers and businesses can comment on business credit histories).
2. businesses and consumers (RCH-- THIS IS NEW NO ONE HAS DONE THIS. THIS IS DEMOCRACY IN ACTION.) can subscribe and have access to all business credit histories.
3. again they can generate auto emails.
4. businesses can create their own credit histories and have access to it through passowrds they get up front.
I think you can just start this with a call to consumers and businesses to start their won credit histories. They will do it because it will be accurate and help them, get a car loan, start out in life, deal with consumers and clients, etc.
You don't need the bank's data or the existing credit bureaus!!!
BMF
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