Frequently asked questions about alternative credit scoring
The traditional credit score is a relic of an era that didnât understand how modern people actually move money. If youâve ever wondered how your utility bills, airtime purchases, or even your social media footprint could help you get a loan, youâre looking at alternative credit scoring. Weâre answering the real questions about how this data is collected, whether itâs actually secure, and why itâs finally making "unbanked" a term of the past.
A borrowerâs right to data privacy is not negotiable
A borrowerâs right to data privacy is not negotiable. Nothing gets your heart racing several miles per minute like the chance that you may not recover your loans, but that fear can never justify invading a borrowerâs privacy. Responsible lending means collecting only the data you truly need and nothing more. Borrowers privacy is a fundamental right, and it must never be compromised.
Lendsqrâs guide to responsible lending
If youâre a lender reading this, youâre probably thinking you made the right choice entering this business, right? Lending can be rewarding, but the real question is whether you operate with responsible lending practices. Responsible lending is essential for protecting customers, strengthening your portfolio, and ensuring long-term sustainability. This guide explains what responsible lending means, why it matters, and how to apply it effectively.

