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Peer2Peer Finance News | November 20, 2017

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Equifax

P2PFA widens membership with eight new associates

July 4, 2017 |

THE PEER-TO-PEER Finance Association (P2PFA) has added eight members through the launch of its associate membership scheme.

The new members are not P2P lenders themselves, but they provide a range of support services to the sector. They include law firms … Read More

Equifax adds income analysis to credit criteria

June 7, 2017 |

EQUIFAX, the global credit agency, has added income analysis into its affordability indicators.

The US-headquartered firm, which provides data to a number of peer-to-peer lenders including Flender and Nava, will now incorporate borrower current account turnover information into its analysis.

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Consumer lender Nava hires Equifax to boost underwriting

May 4, 2017 |

NAVA has hired consumer credit agency Equifax to support its underwriting capabilities, ahead of its imminent launch.

The UK consumer lender, which connects institutional investors with individual borrowers, said that Equifax’s solutions would support its credit analytics, credit scoring … Read More

Half of consumers spend just 20 minutes applying for finance online

February 13, 2017 |

FINANCE providers risk losing customers if they fail to invest in their online offering, Equifax has warned.

A survey by the credit reference agency found that half of consumers do not want to spend more than 20 minutes applying for financial products … Read More

Flender appoints Equifax for loan underwriting

February 1, 2017 |

PEER-TO-PEER lending platform Flender has hired credit report service Equifax to support the underwriting of its loans.

Equifax will supply real-time consumer and commercial data to automate the underwriting process and help Flender better assess applications for loans from small- and … Read More

A third of Brits believe there is a credit blacklist

January 31, 2017 |

ALMOST a third of consumers incorrectly believe there is a credit blacklist used by lenders when considering applications for finance, a survey by Equifax has revealed.

Analysis by the credit scoring and report service identified misconceptions among the public when it … Read More