Do you ever feel in the dark when it comes to your own finances? If so, you’re not alone.
Today, Intuit introduced Turbo, the first and only financial health profile that will unleash the power of verified IRS-filed income and the credit score, showing you where you truly stand financially – beyond your credit score.
What exactly is Turbo, you ask? Turbo will be a single snapshot of your financial profile, that for the first time brings together the three numbers that matter to lenders – verified IRS-filed income, credit score and debt-to-income ratio. The Turbo platform is powered by anonymized data from consenting members of Intuit’s community of millions, and will benchmark users by referencing geography, age, and life stage, so that you can understand where you stand financially, and make decisions with more confidence.
In addition to showing you what your borrowing power is, Turbo will also provide you with customized advice and insights. For example, Turbo can help you figure out how to improve your debt-to-income ratio, or even your credit score, so you can qualify and secure a loan at the best rate possible.
Whether you are looking to save money, secure a loan, pay for college or buy a house, Turbo will unlock access to a world of financial resources to help you prosper.
Turbo will be launching broadly in January 2018 – just in time to make your New Year’s financial resolutions – so stay tuned on our blog for more info on the platform once it’s available!