Varo Bank Introduces Expanded Access to Credit and In-App Budgeting to Ease Financial Stress for Cash-Strapped Americans
Varo Line of Credit provides a unique way for consumers to access credit.
- Varo Line of Credit provides a unique way for consumers to access credit.
- Varo Line of Credit uses proprietary technology to underwrite customers based on their banking history with Varo—extending access to credit beyond their credit score.
- Unlike other lenders, Varo uses sophisticated daily credit underwriting to determine borrowing limits, giving customers the opportunity to access higher limits by consolidating their banking relationship with Varo.
- "Varo Bank is continuing to demonstrate its commitment to helping the majority of Americans who are feeling increased fiscal pressure combat money-related stress and improve their financial lives," said Varo Bank CEO Colin Walsh.