Pay Day Loan

CredoLab Helps Payday Lender Scale the Business by Reducing the First Payment Defaulters by more than 63%

The Challenge

  • Launching a mobile-only payday loan
  • Right loan amount, terms, and interest rates
  • Lack of credit bureau and historical financial data

    The Solution

    • Launching a mobile-only payday loan
    • Right loan amount, terms, and interest rates
    • Lack of credit bureau and historical financial data

    User Adoption

    100%

    (% of customers who grant permissions)

    Drop in FPD

    63%

    (First Payment Defaulters)

    Time to Loan

    <1Hr

    (time from scoring request to disbursement)

    Schedule a Demo

    Let CredoApp Transform Your Business

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