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Loans to individuals account for only 1/6 of the total amount of loans granted. At the same time, more than half of them are spent on consumer needs. Often the population has to take a loan in order to live up to the next salary or repay in advance) the expected costs (eg, treatment). That is, the problem of the development of bank lending to individuals goes beyond banking regulation and its solution is possible only in the case of a comprehensive solution to the problem of improving living standards.
Declining real incomes, declining output, high inflation, and fighting in many countries have led borrowers to fail to meet their loan obligations on time, leading to an increase in overdue debt. A necessary condition for solving this problem is closer attention of banking institutions to the financial condition of borrowers and their credit histories. However, there are bad credit payday loans. When considering loans to households, by purpose and maturity, it is worth paying special attention to the dynamics of the structure of mortgage loans.
Additional areas of activity:
- Analysis of information that makes up the credit history and the provision of services based on such analysis.
- Aggregation and provision of data from public registers and other open sources.
- Development and provision of predictive analytics services.
- Development and provision of anti-fraud tools.
- Provision of own credit histories to individuals.
- Consulting services related to the activities of the bureau.
The installment loans online are influenced by a number of factors, including the level of interest rates, the practice of international settlements, the degree of inflation, and the dynamics of the exchange rate, etc. The payment currency may not match the loan currency. For example, “soft” loans in the lender’s currency are repaid in the borrower’s national currency or in the country’s traditional exports.
