What is scoring in loans? This is credit score

Credit scoring is a system used by a lender, such as a credit institution, bank or lender to check how high a creditworthiness a borrower has. How does credit scoring work? It starts with the fact that a private individual or company needs to borrow money and therefore applies for a loan from a bank,…

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How does Lendify work? ›Here’s how you make money on loans

Today you no longer need to interfere with the bank when you are going to borrow money. With P2P (peer to peer) loans, you apply for private loans from a private lender instead. This generally means lower interest rates for borrowers and allows lenders to invest in an industry where the banks have historically had…

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How does investing in loans work?

“New technology enables a new type of investor to invest in an established asset class. Through new technology it is possible to connect investors with borrowers through a digital platform. The borrower gets a better interest rate, while the investors get a better return on their savings capital compared to traditional savings accounts. It is…

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