Importance of credit scoring for loan decisions
Lending

Importance of credit scoring for loan decisions

Credit scoring has revolutionized the financial landscape by replacing gut feeling with data-driven precision. By analyzing a borrower’s financial history lenders can accurately predict risk in seconds. This systemic approach doesn't just protect financial institutions from defaults; it democratizes access to capital, allowing for faster processing times and more competitive interest rates for reliable borrowers. In short, the credit score is the gatekeeper of financial opportunity.

Who regulates lending in the Philippines
Industry Information

Who regulates lending in the Philippines

Understanding who regulates lending in the Philippines helps to know who sets the rules in a system that affects households, entrepreneurs, and communities every day.

Preparing your income statement as a lender- management accounting 101
How to

Preparing your income statement as a lender- management accounting 101

No one likes the boring routine of bookkeeping and punching in numbers; but management accounting is a highly important for your lending business.