Lenders providing credit, mortgages, loans and cards to consumers continually assess risk that debt repayment may be delayed or defaulted because a borrower lacks sufficient funds or consistent income. This risk is greater during these uncertain times of COVID-19.
Proof of income
Consistent income over 3 months of £1,500
10/05/21, 14:34:08 GMT
Reduce your risk by ensuring that customers have sufficient income
I want electronic proof of the up-to-minute financial situation of a person or company before providing them credit.
Leon Kelley, Commercial Lending Director
What we really need is a way to get financial assurance, without the data privacy issues associated with collection sensitive personal and commercial information.