Sep 11, 2013 (ACCESSWIRE via COMTEX) -- Company Rolls Out New Pricing Plan for Consumers
GRAY, GA. September 11, 2013 Crednology Holding Corp (otc pink:COHO) a leading provider of technology and software to the credit industry and which provides developmental solutions worldwide for real estate professionals, mortgage originators, property management and financial advisers is pleased to inform shareholders that the Company has entered into an Agreement with Transunion for Consumer reporting.
Under the terms of the Agreement, ScoreNavigator will have access to TransUnion's credit data for consumers. ScoreNavigator will provide consumers with their Complete Credit File directly from this data. The Company's Point Deduction Technology(TM) then analyzes the file and assigns a point deduction to the accounts that are affecting the consumer's credit score along with a simple recommendation to re-claim those lost points.
"We are extremely pleased to have reached this milestone whereby Transunion is granting us access to their data," said Rusty Bresse, Chief Executive Officer of Crednology Holding Corp. "Our experience in the credit industry shows that Transunion provides the most up to date and accurate information. These factors along with the capabilities of our proprietary software will help us build ScoreNavigator into a household name in the Credit Industry for consumers and businesses."
The Company anticipates that many of its recent announcements, including the recently announced agreement with The International Women's Leadership Association, the CEO's presentation at the National Advisor Conference, as well as a soon to be announced agreement with one of the largest rental agencies will lead to a significant increase in revenue during the fourth quarter of this fiscal year.
Simultaneous with the execution of the new Transunion Agreement, the Company has rolled out a new pricing plan for its ScoreNavigator customers. Customers will now have the option to sign up for price reduced 3, 6 or 12-month plans, so they may follow the progress in the improvement of their credit score without having to pay for a one time report on each occasion.
About Crednology Holding Corp
Crednology Holding Corp, a Delaware corporation, a leading provider of technology and software to the credit industry which offers developmental solutions worldwide for real estate professionals, mortgage originators, property management and financial advisers. Its subsidiaries, ScoreNavigator and CreditDNA, utilize the company's exclusive Point Deduction Technology. This technology has the unique ability to analyze a credit report and give full visibility to the points being deducted for each account. For further information, visit www.credholdingcorp.com.
About ScoreNavigator
ScoreNavigator, a wholly owned subsidiary of Crednology Holding Corp, is a credit analysis tool designed for consumers and loan originators. It analyzes the electronic version of a credit report and recommends the quickest way to achieve a credit score and to achieve the score needed for loan approval. It is a scientific analytical tool. Its recommendations are based on the understanding of credit score calculations and how different factors affect scores either positively or negatively. ScoreNavigator can only suggest actions a consumer can take. ScoreNavigator itself cannot directly cause credit scores to rise or fall. ScoreNavigator is a tool used by consumers and loan originators to maximize a credit score resulting in more approvals and closed loans. For further information, visit www.scorenavigator.com.
About CreditDNA
CreditDNA, Inc., a wholly owned subsidiary of Crednology Holding Corp, is a Credit Management company with exclusive technology that other companies do not have. We help you establish or re-establish a good credit history, and provide ongoing training and support. CreditDNA, Inc. provides you with up-to-date credit education material and your own credit coach to assist in keeping you on the right credit path. For further information, visit www.creditdna.us.
About Transunion
As a global leader in information and risk management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering high quality data, and integrating advanced analytics and enhanced decision-making capabilities. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion reaches businesses and consumers in 33 countries around the world on five continents.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently.
Contact:
Crednology Holding Corp:
ir@credholdingcorp.com
GRAY, GA. September 11, 2013 Crednology Holding Corp (otc pink:COHO) a leading provider of technology and software to the credit industry and which provides developmental solutions worldwide for real estate professionals, mortgage originators, property management and financial advisers is pleased to inform shareholders that the Company has entered into an Agreement with Transunion for Consumer reporting.
Under the terms of the Agreement, ScoreNavigator will have access to TransUnion's credit data for consumers. ScoreNavigator will provide consumers with their Complete Credit File directly from this data. The Company's Point Deduction Technology(TM) then analyzes the file and assigns a point deduction to the accounts that are affecting the consumer's credit score along with a simple recommendation to re-claim those lost points.
"We are extremely pleased to have reached this milestone whereby Transunion is granting us access to their data," said Rusty Bresse, Chief Executive Officer of Crednology Holding Corp. "Our experience in the credit industry shows that Transunion provides the most up to date and accurate information. These factors along with the capabilities of our proprietary software will help us build ScoreNavigator into a household name in the Credit Industry for consumers and businesses."
The Company anticipates that many of its recent announcements, including the recently announced agreement with The International Women's Leadership Association, the CEO's presentation at the National Advisor Conference, as well as a soon to be announced agreement with one of the largest rental agencies will lead to a significant increase in revenue during the fourth quarter of this fiscal year.
Simultaneous with the execution of the new Transunion Agreement, the Company has rolled out a new pricing plan for its ScoreNavigator customers. Customers will now have the option to sign up for price reduced 3, 6 or 12-month plans, so they may follow the progress in the improvement of their credit score without having to pay for a one time report on each occasion.
About Crednology Holding Corp
Crednology Holding Corp, a Delaware corporation, a leading provider of technology and software to the credit industry which offers developmental solutions worldwide for real estate professionals, mortgage originators, property management and financial advisers. Its subsidiaries, ScoreNavigator and CreditDNA, utilize the company's exclusive Point Deduction Technology. This technology has the unique ability to analyze a credit report and give full visibility to the points being deducted for each account. For further information, visit www.credholdingcorp.com.
About ScoreNavigator
ScoreNavigator, a wholly owned subsidiary of Crednology Holding Corp, is a credit analysis tool designed for consumers and loan originators. It analyzes the electronic version of a credit report and recommends the quickest way to achieve a credit score and to achieve the score needed for loan approval. It is a scientific analytical tool. Its recommendations are based on the understanding of credit score calculations and how different factors affect scores either positively or negatively. ScoreNavigator can only suggest actions a consumer can take. ScoreNavigator itself cannot directly cause credit scores to rise or fall. ScoreNavigator is a tool used by consumers and loan originators to maximize a credit score resulting in more approvals and closed loans. For further information, visit www.scorenavigator.com.
About CreditDNA
CreditDNA, Inc., a wholly owned subsidiary of Crednology Holding Corp, is a Credit Management company with exclusive technology that other companies do not have. We help you establish or re-establish a good credit history, and provide ongoing training and support. CreditDNA, Inc. provides you with up-to-date credit education material and your own credit coach to assist in keeping you on the right credit path. For further information, visit www.creditdna.us.
About Transunion
As a global leader in information and risk management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering high quality data, and integrating advanced analytics and enhanced decision-making capabilities. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion reaches businesses and consumers in 33 countries around the world on five continents.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently.
Contact:
Crednology Holding Corp:
ir@credholdingcorp.com
