Lending strategy
Why Spending More On Bad Debt Can Be Profitable
Sticking to your budget for bad debt isn’t always the best course of action. What if spending another 1% on write offs, brought in more income than the extra bad debt cost? Using credit scoring to manage a loan portfolio Credit scoring enables lenders to estimate the bad rate based on a score. Hundreds of…
Read MoreHow Credit Union Websites Are Like Cars
Some credit union websites are pretty. Many are ugly. Ugly or pretty, most of them don’t ‘work’. In my experience, most financial firm’s websites, even the pretty ones, fail to move the business forward. To be clear, by ‘work’ I mean you have some business objective in mind and ‘working’ means you are moving towards…
Read MoreThe Loanbook Growth Equation (and Why it Matters)
Hiding in plain site among Silicon Valley’s hallowed circles of so-called growth hackers is a concept that’s become known as the fundamental growth equation. A growth equation is a simple formula. It represents the key factors that combine to drive your growth – your core growth levers. This equation is different for every product or…
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