Why Credit Scoring is Important to Lending
A big determinant in whether you decide to lend a borrower money or not is the confidence you have in the borrower’s ability and willingness to pay you back.
When silence speaks volume: communicating with defaulters 101
For small and medium lenders, communicating with defaulters is like walking a tightrope. Do it well; you might salvage the relationship and recover your money. Handle it poorly, and you risk losing not just your funds but also your reputation.
4 reasons why most loan defaulters are fraudsters
It’s time we stop sugarcoating this. Loan defaulters, in many cases, are fraudsters and here’s how they reveal themselves as such.