Nubank has introduced NuScore, a tool that allows customers to view their credit score directly within the Nu platform.

One of the main goals is to provide greater transparency around the factors that influence an individual’s credit profile with the institution.

In addition to the score, NuScore will offer personalised recommendations to help customers improve their credit profile over time and, in turn, enhance their overall financial wellbeing.

With NuScore, customers can view their score, which ranges from 0 to 1000, along with a classification of very high, high, regular, low or very low.

The tool also highlights the behavioural and historical factors that have influenced the score.

These include credit card usage, saving habits within Nubank’s Caixinhas (Money Boxes), the customer’s level of indebtedness in the market, and analysis from credit bureaus.

The tool has been in testing since September 2024 and will be gradually made available to eligible Nu customers.

Featured image credit: edited from freepik