Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Business

LendProtect UK, The Pioneer in Real-Time Data Reporting, Expands Underbanked Solutions


Print article Print article
© Business Wire 2014
2014-02-18 10:05:04 -

LendProtect UK Ltd. : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..  (LendProtect), the leading provider of underbanked consumer data, affordability and risk scoring solutions on those underserved by traditional banking channels has achieved a milestone as it celebrates its four year anniversary of real-time data reporting.

Since the Company was founded in 2008, LendProtect has focused on understanding the unique needs of short-term lenders. A core requirement of this market has continuously been to have the most up-to-date information on the borrower instantly accessible while reviewing the loan application. LendProtect was the pioneer in collecting the most current data available from its data contributors in real-time and making it easily accessible to all its lender customers.

LendProtect is now expanding its coverage to include Installment lenders and

Line of Credit providers who are looking for informed, innovative ways to reach the underbanked. As all markets have placed a greater focus on assessing affordability, the addition of real-time consumer credit data helps all lenders take a longer term look at an applicant’s ability to pay and to more accurately assess affordability.

“We have been providing real-time data to our lender contributors for years now,” said Greg Rable, CEO of LendProtect’s parent FactorTrust.
“Comprehensive data is not enough. Lenders need up-to-the-minute information, to make more informed lending decisions and we are excited to share this real-time data and expertise to those offering installment loans or lines of credit.”

LendProtect analysed its real-time data in order to understand the most predictive attributes in assessing risk and affordability. In addition to the obvious – recent loan inquiries, loan performance data and payment information – stability and employment demonstrate substantial predictive power.

In addition to data, LendProtect has analytics and risk management solutions including an awarding winning 3D Insight Score, which optimises three key drivers of lender success: conversion, default and profitability. To receive more information on LendProtect data, analytics or scores go to www.lendprotect.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .

About LendProtect UK Ltd.


LendProtect UK Ltd. has compiled the most comprehensive data on the underbanked market in the industry on portfolios that report data daily, in real time. This daily loan performance data on millions of underbanked consumers is analysed in order to provide instant lending decisions using the company’s comprehensive scoring platform. Lenders are continually faced with the challenge of how to effectively and intelligently manage risk and assess affordability on this segment. This analysis uses data not typically reported to the credit bureaus, and is invaluable in helping consumers have access to better borrowing options, while also providing a more accurate assessment of the consumer for lenders. For more information please contact LendProtect UK at +44 (0) 114 209 6052 or  Sales@lendprotect.co.uk : mailto:Sales@lendprotect.co.uk .

" title="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20140218005434r1&sid=16929&distro=ftp\"/>" target="_blank" rel="nofollow">cts.businesswire.com/ct/CT?id=bwnews&sty=20140218005434r1&am ..

LendProtect UK Ltd.Carrie Crabill, +1 404-214-0722 Ext. 102 ccrabill@trevelinokeller.com : mailto:ccrabill@trevelinokeller.com


Author:
Hossam Abdel-Kader
e-mail
Web: www.pr-inside.com/
Phone: +43 1 9582319

Disclaimer: (c) 2014 Business Wire. All of the news releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com