How the bad debt expense formula helps lenders track risk
What starts as a basic calculation of bad debt becomes a useful tool to guide decisions across the lending cycle.
How to assess the risks to a loan application
Assessing/evaluating a loan application is all about weighing the risk to your money. The more you can reduce or eliminate that risk, the better. It all boils down to your confidence in the applicant’s credit worthiness. Assessing a loan application is the process by which you determine if an applicant qualifies for your loan, and […]
The hidden cost of running multiple disjointed platforms
Every naira, pound, rand, or dollar spent on technology in lending should make loan processing, collections, and decision-making better.