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A Snapshot of Quality and Innovation Among Small-Dollar Credit Installment Lenders
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Millions of small-dollar credit borrowers are set back by predatory lending practices. There is a critical need for high-quality products designed for both borrower success and lender profitability. This report shares an analysis of practices of 16 installment lenders that have adopted some of the high-quality practices from the Compass Guide to Small-Dollar Credit (SDC).
Author: Sarah Parker, Sohrab Kohli
Topic: Credit & Debt
Publisher: CFSI - Center for Financial Services Innovation
Location: United States
Format: Report
Content Type: Research
Publication Date: October 21, 2015