How to Combat Online Lending Fraud

They say that the eyes are the windows to the soul. But when you’re conducting business online, the eyes and every other fragment of identity is concealed. The “hidden” nature of the online environment makes it a breeding ground for fraud.

Fraud in all its forms is so pervasive in the subprime lending industry that lenders are tasked with trying to verify each applicant’s identity, their credit history, their ability

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    See Your Applicant’s Future Behavior with Alternative Credit Data

See Your Applicant’s Future Behavior with Alternative Credit Data

Alternative Credit Data: The crystal ball to detect the intent to not pay consumer before you approve the loan.

Underwriting a subprime consumer loan can feel like trying to see the future. Lenders need the right tools to help bring that future into better focus. While lenders navigate the process, they must also balance risk mitigation with revenue generation.

Preventing early payment default for subprime borrowers requires a different type of

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    A Lender’s Guide to Identifying the ”Intent to Not Pay” Consumer

A Lender’s Guide to Identifying the ”Intent to Not Pay” Consumer

Storefront Lenders: How Much is First Payment Default Costing You? Learn how a lender got a 10% reduction of default rates in 3 months.

Spend less than fifteen minutes discovering:

Why altenative data is crucial to underwriting.
What an intent to not pay consumer looks like.
How to identify consumers who have a 56% chance
of defaulting.

First payment default is the single largest threat to small-dollar lenders.

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