Why lenders check credit reports and what they really look for
How to

Why lenders check credit reports and what they really look for

Credit reports sit quietly in the background of lending, yet they influence almost every decision a lender makes.

Are lenders evil for charging high interest rates?
Lending

Are lenders evil for charging high interest rates?

The average lender today typically charges 4% — 10% per month (48% — 120% per year). Whoa. It makes you wonder how they recover loans at these rates. At first glance, it seems outrageous, even exploitative but there’s more to the story when you consider the risks and costs lenders face in Nigeria’s financial landscape.

6 practical tips to reduce loan processing times
How to

6 practical tips to reduce loan processing times

Fast loan processing doesn’t mean approving all loan requests, but deciding if a loan should be approved or not shouldn’t take forever.