You can't outrun bad credit! – is a well-known saying among veterans of the equipment finance industry. As a result, some veterans treat rising credit risk like a coal miner reacts to gas leaks. But not all lenders are run by seasoned veterans...
A PayNet client operating in the US and Canada asked about the impact of repossessions of a single or several trucks on a large borrower’s credit profile.
Marketplace refers to a broad category of companies providing capital to businesses and consumers at a lower cost than traditional channels using a combination of technology, data, analytics, and traditional credit systems. The Marketplace lending model is generally high risk with high return.
This case study describes a regional bank's experience using PayNet AbsolutePD and PayNet's Small Business Indices to organically grow its portfolio.