The stakeholders in the VRS have all worked or have experienced working in Consumer Credit markets. VRS is a “Not for Profit Company Limited by Guarantee” whose aim is to help vulnerable consumers protect themselves against the financial, social and very personal hardship suffered as a result of debt and financial problems.

The VRS has regulatory, compliance, consumer affairs and IT expertise and acknowledged experts on our management team and Board. The VRS has a separate and independent Advisory Board of experts that meets regularly and feeds into the VRS appropriate advice and innovation to help drive the VRS forward. 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 creditors and service providers of all 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.