Finory.tech’s Post

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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