Unlike a credit report, which evaluates how good a customer you are likely to be based on your credit history, an affordability assessment focuses on whether a specific loan or BNPL product is affordable for your client’s current financial capacity. Lenders primarily rely on questionnaires to assess affordability, which depend heavily on borrowers providing honest answers. By analyzing bank statements, lenders can easily obtain the necessary information. Contact us now to get a demo! #affordability #affordabilityassessment #ccob #responsiblelending #onlinelending
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Did you know your credit score impacts everything from loan approvals to interest rates? Watch the info-video below to discover how to keep your score in top shape. Knowledge is power. Stay credit savvy! For more personalized advice, Call us at 𝟔𝟕𝟖-𝟔𝟖𝟑-𝟕𝟏𝟗𝟓! #FinancialFriday #CreditScore #SmartFinances
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When it comes to discussing whether a loan will affect your credit, it's important to rely on the right sources. Find out why brokers, lenders, and wholesalers may not provide a conclusive answer and why it's crucial to hear it from the investor or servicer directly. Watch the full video here: https://lnkd.in/eZZ6CGH3 #CreditScoreImpact #LoanCreditReport #FinancialAdvice #CreditEducation #LoanApplications #LenderGuidance #CreditScoreFactors #LoanApproval #FinancialServices #CreditTips
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🚨 Beware of the risks associated with NBFC digital loans! High interest rates, hidden fees, and aggressive recovery tactics can lead to financial stress. Stay informed and protect your financial well-being. #credeau #NBFCs #DigitalLoans #FinancialAwareness #PersonalFinance #FinancialEducation #LoanRisks #BorrowingTips #MoneyMatters
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Next up in the Digital Evidence Group series DEG ReDUX is the second installment of a two-parter where we tackle a graphic depicting bank loan & lease information. #DigitalEvidenceGroup #DEGReDUX
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Next up in the Digital Evidence Group series DEG ReDUX is the second installment of a two-parter where we tackle a graphic depicting bank loan & lease information. #DigitalEvidenceGroup #DEGReDUX
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Beware of the risks associated with NBFC digital loans! High interest rates, hidden fees, and aggressive recovery tactics can lead to financial stress. Stay informed and protect your financial well-being. #NBFCs #DigitalLoans #FinancialAwareness #PersonalFinance #FinancialEducation #LoanRisks #BorrowingTips #MoneyMatters
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Using the Coviance Point-of-Sale, lenders can expect: ✔️ a more streamlined process ✔️ higher-quality applicants ✔️ and improved overall performance in their lending operations. Learn more: https://lnkd.in/dDV5Dm7b
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Do your consumers understand the difference between a credit lock and a credit freeze? 🔓 With a lock, your consumers are in control of their credit reports—which helps prevent delays during the lending process. It's a win-win for applicants and lenders! Download our informational flyer to share with consumers: https://bit.ly/3WMToaO. #CreditLock #CreditFreeze
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𝗟𝗔𝗦𝗧 𝗧𝗢𝗣 𝗣𝗜𝗖𝗞𝗦 𝗥𝗘𝗦𝗨𝗟𝗧𝗦! Half of the respondents said that repayment history is the most crucial factor when banks evaluate loan applications. Start improving your credit history to be eligible for loans with lower interest rates. Get a copy of your CIC Credit Report today. Know how here: https://lnkd.in/gmBqb49e #D2CCreditCheck #EasyCreditReport with #D2CAccess
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Your Loan-to-Value ratio (LTV) can influence your ability to qualify for certain loan programs. Lower LTV ratios are often seen as less risky, which can open up more favorable lending options. Let's discuss how managing your LTV can improve. 786.306.3824
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