Alternative lending continues to grow
Sep 14, 2023 Sean Albert
Obtaining a bank loan for a small business can be difficult, especially for new companies without a financial history. Even if you meet strict credit and revenue requirements, the loan process still requires significant time and effort. As a result, many businesses are turning towards alternative lenders to avoid the hassle of securing conventional financing - and for good reason.
6 Advantages of Alternative Credit Scores and Data
Sep 13, 2023 MicroBilt News
There are many ways to determine someone's creditworthiness. Unfortunately, the same traditional methods are often used, excluding large groups of potentially reliable borrowers; that's where alternative credit scores can help. This contemporary scoring method gives lenders a modern way of measuring a consumer's creditworthiness using factors not traditionally considered.
What Is Alternative Credit Data (and Why Is It Important?)
Feb 08, 2021 MicroBilt News
Using an alternative credit data source lets you make a credit decision based on a more complete profile of the applicant.
The importance of Alternative Consumer Credit Data for lenders
Oct 01, 2020 MicroBilt News
Alternative consumer credit data offers information about consumers, specifically credit applicants, that does not appear on traditional credit reports.
Sep 28, 2016 George Popescu
While a sturdy job market is giving a sense of security and optimism to American employees, it is not the sole reason for the increase in borrowing. The stagnation in wages; fall in gas prices and the considerable increase in home equity loans,