2021: The Credit and Loan Collections Future

The crisis  brought about by the ongoing pandemic has been transforming the way people do business, how they structure their lives, and already, 2021 is proving to be the year of the future. LoanCirrus, our cloud-based debtor management system, will transform your loan business by enabling it to remotely process and respond to millions of …

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Top 7 Must-Have Loan Collection Tools & Features

The right Loan Collections tools are essential for reducing risk and managing deliquencies, especially during the COVID-19 pandemic. Economic struggles are stifling businesses and employees alike, and worldwide, many lenders are experiencing issues with borrowers defaulting and difficulties collecting. As a lender, especially during this time, one must exercise proper risk management to ensure minimal …

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How Has COVID-19 Changed Consumer Behaviour in the Financial Sector?

If there is one thing this pandemic has done, it’s making it very clear to businesses that if they are unable to do business without a physical location, they’re not fully taking advantage of digital advancements in their respective fields. For Lenders, in particular, the ability to Lend Without Branches, comes with many benefits: Grow loan portfolio …

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How Lenders Accelerate Their Digital Transformation

Why do Lenders need Digital Transformation? Customer acquisition, “the business of getting new business” [as well as managing and growing the business you already have] is more dynamic than ever  ̶̶  and not just in the current pandemic environment. People’s perceptions of financial institutions have changed largely due to: The influence of social media platforms; …

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6 Ways Lenders Manage Fallout From Covid-19

Are you doing everything your lending business needs to do to manage the fallout from Covid-19? The Coronavirus pandemic poses a fundamental threat to lending institutions, particularly in the Microfinance space. Are you behind your competitors in dealing with this crisis? Find out key strategies and tactics that you may have missed. As an essential …

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This Metric Could Save Your Lending Business!

Everyday I speak with Lenders around the globe and I ask them the same simple question: What does a loan cost you? What is your cost per loan (CPL)? I’m always surprised how many do not have an answer. For most, a loan in any form (Mortgage, Credit Card, Consumer Loan, Micro-loan, Payday loan, Small Business …

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How to Choose The Right Lending Software for Your Business

Choosing the right lending software for your business can be a major undertaking. Before you train your staff on a new system and invest thousands of dollars, we have identified some key points for you to consider when choosing a software platform and provider. Outsourcing vs On Site Overall Functionality Decisioning & Risk Scoring User …

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10 Step Guide to Starting a Lending Biz

Now that you have conceptualized your business idea for a new lending business, the next step is reviewing this general startup checklist to make sure that you start your business right the first time. 1. Develop a Business Plan If you haven’t developed a business plan already, it is very important that prepare at least …

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