Why GSI fails for borrowers with unpredictable income
Today, we’ll be highlighting three major challenges lenders may encounter when using GSI to recover loans from borrowers with unpredictable income:
Effective strategies to market your loan products
As of 2023, the global lending market was valued at over $7 trillion, with thousands of institutions vying for the attention of borrowers. So, how do you make your loan products stand out in such a full market?
5 reasons why you may need a student loan
Before you hit the panic button, remember that student loans aren't the big, bad wolf they're often portrayed as. In reality, they could be the solution you need. Let's explore five reasons why we think you may need a student loan.
A state of emergency! Without student loans, Nigeria has no future
Student loans are the bridge between potential and success in many parts of the world. Yet the cost of acquiring education has become increasingly prohibitive for many Nigerian families.
How Lendsqr is using AI to transform its processes
Lendsqr, like many forward-thinking companies, has embraced AI to transform several aspects of our operations. Let's take a closer look at three key areas where AI has made a significant impact
Essential lending APIs for every lender
To keep up with the demand for fast, personalized service, lenders need to speed up their processes and use more data to meet customer expectations. That’s where Application Programming Interface (APIs) comes in.
How some Nigerians get into chronic debt, and how to get out
Debt can start with a single loan or an unexpected expense, but repeated borrowing can quickly become difficult to manage. For some Nigerians, high living costs, multiple loans, and missed repayments can create a cycle that feels impossible to break. This article explores how chronic debt develops and practical steps borrowers can take to regain control of their finances.
3 ways expense tracking can improve your financial health
Knowing where your money goes is one of the first steps toward better financial management. Tracking your expenses can help you understand your spending habits, identify unnecessary costs, and make more informed decisions about your finances. Tools like Olo Finance, a personal finance management tool, make this easier by allowing you to combine your Nigerian bank accounts in one place. With your permission, Olo Finance can collect transaction data from your emails and SMS and organise it into a clearer view of your finances. Here are three ways expense tracking can improve your financial health.
How to use Mono with Lendsqr for credit scoring
Mono is on a mission to power the digital economy in Africa, using open banking as a layer for financial data, identity data, and bank transfer payments for businesses.
Best loan apps to get urgent 10,000 naira in Nigeria
In this article, we’ll explore the best loan apps in Nigeria to help you secure an urgent 10,000 naira quickly and easily so you can handle life’s unexpected challenges without the added stress.
3 alternative data to credit report for enhancing underwriting quality
Traditional credit reports can give lenders useful insights into a borrower’s financial history, but they do not always tell the full story. Alternative data can help lenders assess borrowers with limited or incomplete credit histories and make more informed underwriting decisions. In this article, we explore three types of alternative data lenders can use to strengthen credit assessment, improve risk evaluation, and make better lending decisions.
