The stakeholders in the VRS have all worked or have experienced working in Consumer Credit markets.

Alongside this we have regulatory, compliance, consumer affairs and IT expertise and acknowledged experts on our management team and Board.

We envisage there being considerable interest with such an initiative around vulnerable consumers.

Following an initial Beta testing phase we will be looking to scale the VRS by approaching other creditors of all other sectors, we also aim to have debt advice and mental health charity organisations on board shortly to load consenting vulnerable consumers who wish to refer or auto decline lending and credit applications.

The VRS will provide you with instant API decisions and access to upload your consenting vulnerable consumers on to the VRS register. You can also upload consenting consumers on the VRS register via Secure File Transfer Protocol (SFTP) and retrieve data from the SFTP.