8 signs a borrower would default
Any lender who plans to run a profitable loan business and not a charity organization must keep a sharp eye out for signs that a borrower might bail on their loan repayments.
Get bank accounts and statements of your borrowers. Almost free.
Lending is a game of data – if you know as much as possible about your customer, you can make a good decision about if to give a loan, how much to give, or even for how long to give or not to give. However, getting this data is harder than breaking a coconut with […]
All you need to know about alternative credit scoring
By moving beyond traditional credit reports, lenders can tap into new data sources to get a fuller, fairer picture of a borrower’s financial health.