TomoCredit Consumer Value Report: 82% of California Users Improved Their Credit Scores

Published: March 23, 2025 | Category: Credit Building, Financial Inclusion, Fintech News

If you’re one of the millions of Californians trying to build or improve your credit score, you’re not alone — and new data from TomoCredit shows that real progress is happening fast.

TomoCredit, a San Francisco-based fintech company, has just released its latest TomoCredit Consumer Value Report, and the results are striking: 82% of California users saw their credit scores increase after using TomoCredit’s financial products.

The report analyzed a sample of 5,663 California users and revealed a clear pattern of positive credit outcomes:

That means more than 4 out of 5 TomoCredit users in California are actively moving in the right financial direction — building stronger credit profiles and expanding their financial opportunities.

• ✅ 82% of users (4,661 people) achieved credit score increases ranging from 0 to 776 points
• ❌ 18% of users (1,002 people) experienced negative changes

California is home to one of the most economically diverse populations in the country. Yet millions of residents — including recent immigrants, young adults, and gig workers — struggle to access traditional credit products because they lack an established credit history.

TomoCredit was built specifically for these consumers: the credit-invisible and credit-underserved. Instead of relying on traditional FICO-based underwriting, TomoCredit uses TomoScore, a proprietary cash flow-based underwriting, evaluating a user’s income and spending patterns to determine creditworthiness. This opens the door to credit access for people who would otherwise be turned away.

One of the most common barriers to credit building is cost. Many secured cards and credit-builder products come loaded with fees that eat into your finances before you’ve even started.

TomoCredit offers a personalized recommendation after carefully analyzing consumers financial profiles using both credit score (FICO) and cash flow based score (TomoScore). Tomo often recommends low-risk products such as:

This model is why so many California users are seeing measurable improvements — the product is designed to work for the user, not extract value from them.

• No annual fees
• No interest charges on its core products
• No traditional credit history required to get started
• Automatic payment and reporting to major credit bureaus to help grow your score over time

“This report highlights the real, measurable impact we’re having on consumers’ financial lives. The fact that over 80% of our California users are improving their credit scores demonstrates the effectiveness of our approach to expanding credit access.” — Kristy Kim, CEO of TomoCredit

The release of this Consumer Value Report is part of TomoCredit’s broader mission to drive financial inclusion across the United States. By publishing transparent data on user outcomes, TomoCredit is holding itself accountable to the consumers it serves.

California is a key market and proving ground for this model — and the numbers show it’s working.

Whether you’re new to credit, rebuilding after a setback, or simply looking for a smarter way to grow your score, TomoCredit offers a path forward backed by real results.

Does TomoCredit work if I have no credit history? Yes. TomoCredit uses cash flow-based underwriting, so you don’t need a traditional credit history to qualify. TomoCredit AI brings together your credit report and cash flow to show what is really driving your score– and what to do next

How quickly can I improve my credit score with TomoCredit? Results vary, but the Consumer Value Report shows that the majority of users see positive changes in their credit profiles over time.

Is TomoCredit available in California? Yes. TomoCredit is headquartered in San Francisco and has a significant and growing California user base.

What is TomoCredit used for? TomoCredit offers both paid and free services; Millions of consumers use TomoCredit for financial literacy- knowing their credit score, improve their credit score, knowing their cash flow, maximize their savings, automate bill payments and improve overall financial health. Tomo helps consumers build credit without unnecessary costs.

What happened to TomoCredit? TomoCredit scaled fast and expanded its target audience. Tomo is designed for people who struggle to get traditional credit, such as: Individuals looking to build credit for the first time, business owners, Immigrants or foreign nationals, International students.

For more information, visit tomocredit.com