News Turbo: The Financial Health Profile that Truly Matters We at Intuit have some exciting news to share! Today, we introduced Turbo, the first and only financial health profile that unleashes the power of verified IRS-filed income and the credit score, showing consumers where they truly stand – beyond the credit score. Built on a trusted open platform and comprised of a network of Written by Intuit Blog team Modified Nov 9, 2022 2 min read We at Intuit have some exciting news to share! Today, we introduced Turbo, the first and only financial health profile that unleashes the power of verified IRS-filed income and the credit score, showing consumers where they truly stand – beyond the credit score. Built on a trusted open platform and comprised of a network of millions, we can now offer consenting consumers a single snapshot of their financial profile for the first time, bringing together the three numbers that matter to lenders – verified IRS-filed income, credit score and debt-to-income ratio. Turbo will then benchmark consumers across categories including geography, age, and life stage so that they understand where they stand, and can make financial decisions with more confidence. In addition to showing consumers what their borrowing power is, Turbo also provides customized advice and insights. For example, Turbo can advise a user how they might improve their debt-to-income ratio or improve their credit score, so they can qualify and secure a loan at the best rate possible. Whether consumers are looking to save money, secure a loan, pay for college, or buy a house, Turbo connects consenting users to partners and developers that can unlock access to a world of financial resources to help them prosper. [protected-iframe id=”216f47e1fbd2685ec23df1771023224b-134605444-128776340″ info=”https://www.facebook.com/plugins/video.php?href=https%3A%2F%2Fwww.facebook.com%2FMoney2020%2Fvideos%2F1482471025183333%2F&show_text=0&width=560″ width=”560″ height=”311″ frameborder=”0″ style=”border:none;overflow:hidden” scrolling=”no”] Turbo Partner Program Turbo is built on a foundation of user consent – customers’ data belongs to them, and they will have the choice to participate and engage with the Turbo platform. With customer consent, Turbo connects partners with relevant customers through personalized and hyper-targeted offers, based on anonymized and rich financial data. For example, partners can create targeted offers based on debt-to-income ratio, verified IRS-filed income, number of credit cards and even life events. In the future, consumers can choose to share their data with partners, streamlining account creation and application completion and helping partners boost conversion and customer acquisition. The first six strategic providers on the new Turbo platform are some of the world’s leading financial companies, including Discover, Honest Dollar by Goldman Sachs, Marcus by Goldman Sachs®, Quicken Loans, SoFi and TransUnion – which join the more than 40 trusted partners Intuit has today with Mint. Turbo will be available broadly in January 2018, and we look forward to bringing this new platform to our consumers! Next Post Intuit to Acquire Sales Tax Compliance Software Maker Exactor Written by Intuit Blog team Our team of contributors loves to uncover inspiring stories and share helpful tips to help power your prosperity. Browse Related Articles Customer Stories Building wealth over looking rich online with The Millennial CPA Customer Stories A London-based accountant rides the wave of digital transformation Customer Stories Mobile home flipping leads to shared prosperity Customer Stories Carving out a niche: from frustrated cook to happy knife sharpener Intuit Experts Harnessing the power of the platform: Intuit’s innovative approach to power prosperity News How the Coalfield Solar Fund Helps Promise a Sustainable Future for Virginia and West Virginia Communities News Intuit launches New Employment and Hiring Index for Small Businesses News Intuit Comments on Impact of Silicon Valley Bank Closure Intuit Experts Expanding your bookkeeping career Innovative Thinking 12 tips for career development and advancement