Software for payday loan companies

software for payday loan companies

Short Term Lending

Our solutions are designed to support short term lending and microloan professionals with the daily management of their business from loan origination through underwriting, payment management and most importantly collections and arrears management.

Welcom provide end to end short term lending solutions including engaging websites. Most importantly we understand the business  of offering microloans via your brand.

If you are a new business with no existing functional offering at present, online or otherwise or an established lender looking to change suppliers or enter new markets we can offer leading solutions offering flexible, scalable value for money solutions.

The primary objective of our short term lending loan software solution is to provide a website that allows a user to apply for a loan, considers the application via duplicate and credit checks, scorecards, debit card validation, and gives the user a decision

within minutes. Our short term lending management system (Financier) will capture the repayment(s) from the user on the user’s designated pay date, after customer validation funds will be transferred to the customer, usually within a very short timeframe.

Just some of the functionality you can expect includes:

  • Engaging website that allows a user to apply for a loan
  • My Account functionality to manage their account
  • Loan consideration and decisioning functionality built in.
  • Loan creation and management through Financier.
  • Reminder / Overdue service via multiple methods
  • Loan repayment capture.
  • Ping Tree and affiliate links
  • Interface to Credit Reference Agencies
  • Choice of payment gateway providers

Welcom Software is a member of the CCTA, our Financier system is continually enhanced to comply with ever-changing legislation to ensure you are fully compliant at all times.

Source: www.welcom.co.uk

Category: Payday loans

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