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.

Starting lending in Canada? Here’s how to get licensed
License

Starting lending in Canada? Here’s how to get licensed

Getting a lending license in Canada involves understanding federal and provincial regulations because each has its own requirements.

What to do when you cannot repay your loan on time 
Borrower information

What to do when you cannot repay your loan on time 

Missing a loan repayment deadline can be stressful, but how you respond matters more than the setback itself. The best first step is to contact your lender early, explain your situation, and explore available options such as extensions, restructuring, or revised payment plans. Ignoring the issue can lead to added fees, damaged credit history, or aggressive recovery actions. By acting quickly and communicating honestly, borrowers can often reduce the impact and work toward a manageable solution.