The credit score system is a game of chance. Applying for a loan can feel like a roll of the dice. Will I be lucky this time? Or is my credit report going to lock me out of accessing a low APR? The way loan applications are reviewed needs a system reboot.
Plend, are changing the game, for good. With the development of AI powered Plend Score, they can give people the chance of getting an affordable loan they deserve. They don’t have to take a huge chance when we offer people an affordable loan. Plend can actually see their real spending habits and get an accurate picture of their financial situation and affordability.
The chance of people defaulting is much lower when they use open banking. Plend know they can pay the money back, they’ve just not been given a chance by other lenders, often due to their postcode, profession or past. Ultimately, this bespoke process means they can give more people a chance they deserve to make the changes in their lives they’re after.