With tightening lending criteria, more borrowers are being turned away by mainstream lenders than ever before. There has never been a better opportunity for you to assist underserved families with a Near Prime loan and create new clients for life.
|What makes a borrower Near Prime?||
Mainstream lenders typically restrict the borrower profiles they accept to clean credit, vanilla customers. Pepper Money knows that real life happens and that borrowers may fall outside of this profile for a number of reasons, such as:
Check out our Near Prime case studies for real life examples.
|Common reasons why Near Prime borrowers come to Pepper Money||
What makes Pepper Money special is our human approach to assessing applications. We assess every application on a case by case basis and do not use credit scoring to make our decisions. We apply a real-life approach to lending – if it makes sense, we’ll make it happen. Generally, we find that customers who fit a Near Prime profile are looking to:
|3 things you need to know about Pepper Money's Near Prime products||
Length of time in product
For full product specifications and features, download our product guide here.
What do I do next? If you have a client you suspect may need a Near Prime solution, you can contact a Pepper Money BDM or run the scenario through the Pepper Product Selector Tool, or contact our dedicated Scenarios Team.