Posted by | Category Blog | Date 17 November 2016

Behavioural Underwriting and How It Works

Following our recent guide on what is underwriting, we want to dig a little deeper to look at behavioural underwriting and the role it plays for lenders and how they decide whether an applicant will be approved or declined for a loan product. What is behaviour underwriting? Whilst underwriting refers to the steps taken to assess whether a person is eligible for a loan, credit card or mortgage, 'behavioural underwriting'

Read More
Posted by | Category Blog | Date 10 November 2016

What is a Pingtree?

A Pingtree is a type of lead generation technique where a customer's live application is sent to numerous lenders in real-time and eventually the application is sent to the highest bidder. It is less common the guarantor industry but historically has been very popular for the payday loans sector, although its popularity is started to diminish following the introduction of strict regulations imposed by the Financial Conduct Authority. Below is

Read More
Posted by | Category Blog | Date 02 November 2016

How Loan Companies Do Underwriting

What is Underwriting? Underwriting refers to the process taken by a lender or finance provider when they review an application and make a final decision on whether the applicant is approved for a loan. The individual or team of people carrying out the process are known as 'underwriters' and they will make their decision based on a series of checks, behaviour and statistical analysis to approve those customers that are

Read More
Posted by | Category Blog | Date 19 October 2016

Credit Unions Explained

What is a Credit Union? Credit Unions were founded in the 1940s as not-for-profit organisations to help people save money or borrow at low interest rates. The founders of a credit union are joined by a common bond, whether they work together, belong to the same community or church, but their aim is to help local people save money rather than charge usurious rates. Source: MoneyAdviceService Rather than profits being

Read More
Posted by | Category Blog | Date 24 August 2016

Google takes time with the changes to its Adwords policy

Google are taking their time to roll out the changes to their new Adwords policy which is set to affect the paid (PPC) adverts for various loan products in the US, UK and elsewhere. The new policy update was announced on 11th May 2016 with the plans to ban all paid adverts for payday loans and other financial products with a Representative APR of 36% or higher or where payment

Read More