5 common mistakes first-time lenders make
Industry Information

5 common mistakes first-time lenders make

Starting a lending business can feel straightforward, but many first-time lenders quickly run into avoidable pitfalls. From weak credit assessment processes to unclear loan terms and poor borrower communication, small missteps can lead to costly outcomes like defaults and low customer retention. These early mistakes often stem from focusing too much on disbursement and not enough on structure, risk, and experience. Understanding where things typically go wrong is the first step to building a more resilient and effective lending operation.

What is debt forgiveness and how does it work?
Industry Information

What is debt forgiveness and how does it work?

If you reside in a country where debt forgiveness programs exist and are struggling to cover debt payments or feel like you’ll never be able to pay everything off, you might consider debt forgiveness an option.

We built Lendsqr to innovate affordable credit for all
Company

We built Lendsqr to innovate affordable credit for all

At Lendsqr, our mission is to make credit accessible, affordable, and fair for all. In 2020, we pivoted to solve this problem, and by September, our first lenders were already reaping the benefits of cost-effective cloud lending at scale. We built a cloud lending ecosystem that goes beyond technology, offering powerful, automated features to streamline loan experiences and provide access to bank data that informs smarter lending decisions.