How the bad debt expense formula helps lenders track risk
Lender information

How the bad debt expense formula helps lenders track risk

What starts as a basic calculation of bad debt becomes a useful tool to guide decisions across the lending cycle.

Credit union vs Money lenders: A comparative overview
Industry Information

Credit union vs Money lenders: A comparative overview

Your rent is due in a few days, or your business needs a quick cash injection to restock inventory. Maybe it’s a medical emergency, and you need funds immediately. Where do you turn? Traditional banks? Not always an option, especially when you don’t have the collateral, credit history, or time to go through the long […]

How to use myBankStatement with Lendsqr for credit scoring
Engineering

How to use myBankStatement with Lendsqr for credit scoring

myBankStatement gives lenders access to key financial data, helping them make more informed decisions with a clearer view of borrowers' financial profiles.