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.
5 issues that lenders have with Nigerian credit bureaus
Before Nigerian credit bureaus were created, banks operated as lone wolves, reluctant to share credit information with third parties. They also didnât have ways of knowing if a borrower had unpaid loans with other banks/financial institutions. As such, borrowers could easily secure multiple loans and cart away funds from different institutions without the lenders knowing. […]
Top 5 loan recovery providers in Nigeria
Loan recovery can make or break a lending business, especially in Nigeriaâs fast-paced credit market. With rising default rates and increasing regulatory pressure, choosing the right recovery partner is now a strategic necessity. In this article, we spotlight five of the most reliable loan recovery providers in Nigeria and what makes them stand out.
