This case study highlights the possibilities for improving debt recovery using the latest prediction technique… Given increasing consumer debt and associated risk uncertainty, recovering this debt effectively can massively impact any creditor’s cashflow. Adding to these concerns is the ever-increasing scrutiny.
This case study shows how Afforditnow built new models with Logical Glue to go to market in double quick time.… Afforditnow use Logical Glue to extend more and better credit with greater insight, meaning faster time to market, less time spent for the customer and more transparency for the business.
Many new businesses are seen as a risky proposition, particularly where they lack trading history or assets they can leverage against. We offer Personal Loans for business purposes. However, we have found that underwriting new customers using the traditional methods, such as reviewing credit reports, meant that we were not necessarily able to offer finance to as many businesses as we would have liked. The Logical Glue platform allows us to build up a far more holistic credit profile, based on a much wider range of factors. We can now better manage our risk while doing what we set out to achieve – provide more loans to Britain’s small businesses.
Alex Daly, CFO at SULCo