How to assess the risks to a loan application
The fact that someone has the means to pay their debts doesn’t always mean that they are responsible enough to do it. Credit Reports and Credit Scores are useful tools for weighing in on where an applicant stands when it comes to these two characteristics (ability and willingness to pay).
5 common mistakes first-time lenders make
Starting a lending business can feel straightforward, but many first-time lenders quickly run into avoidable pitfalls. From weak credit assessment processes to unclear loan terms and poor borrower communication, small missteps can lead to costly outcomes like defaults and low customer retention. These early mistakes often stem from focusing too much on disbursement and not enough on structure, risk, and experience. Understanding where things typically go wrong is the first step to building a more resilient and effective lending operation.
You can now activate your direct debit mandates in 1 minute
Our direct debit system is now equipped with E-Mandate, an addition that puts control directly in the hands of your customers. Gone are the days when you and your customers have to chase bank officers around to approve mandates.