VANCOUVER, British Columbia -
Nov. 24, 2021 -
PRLog -- Millions of immigrants, when they arrive in Canada, have a lack of local credit background. Starting a new life can be difficult without credit cards, loans, mortgages, rentals, phone contracts, and other financial resources from local financial institutions. This problem is well known for many international students, workers and other newcomers in Canada. People have built an overseas credit history, purchased and owned assets and real estate, and have had a great overall credit standing in their home country or previous permanent place residence. Unfortunately, they struggle to obtain loans from Canadian Banks because they can't verify and collateralize overseas assets, access general financial services, get support for international transactional commonalities, etc.
AACL (which stands for "Assured Assets – Collateralized Loans") is a web platform offering an innovative FinTech solution. The platform assists newcomers and other immigrants in applying for financial services using their international credit history, collateralizing their assets overseas, and supporting global transactional commonalities. AACL interprets international credit data into a Canadian equivalent and creates a report in a format familiar to Canadian underwriters, who use it to evaluate the applicant's creditworthiness. Moreover, AACL Universal System Corp. implements universal assets and liabilities valuation methods to calculate the net asset value worldwide to prove clients' creditworthiness while applying for loans abroad.
About AACL Universal System Corp.: AACL ("Assured Assets – Collateralized Loans") provides an innovative solution targeting immigrants and newcomers who want to obtain loans in Canada using their assets abroad as collateral. (
https://aacluniversal.com/)
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