Consumer Finance

Financier™ provides an efficient and fully supported software solution for consumer finance

From origination through to collections and debt sale, we provide an end-to-end loan system software solution to lenders with Financier™

The digital journey at customer level enables the lender to provide personalised credit terms.

Our personal loan module is extremely flexible and scalable, and is developed to support the following loan types:

  • Consumer loans
  • Guarantor loans
  • Secured loans
  • Alternative finance
  • Digital lending
  • Marketplace loans
  • Line of credit and overdraft facilities
  • Short term loans

We can also provide website design and development including self-service portals for customers and intermediaries.

 

 

 

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Our Insights

Second charge mortgage new business volumes grew by 16% in August 2024

Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said:

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Half of adults have cut back spending on essentials

Half of adults have cut back spending on two or more essentials, including energy, water, broadband and car insurance, in the last year according to latest research by the Citizens Advice.

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Mortgage repayments set to rise for three million households

Around three million households are set to see their mortgage payments rise in the next two years, according to the Bank of England’s latest Financial Stability Report.

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Consumer finance new business grew by 9% in April 2024

New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew in April 2024 by 9% compared with the same month in 2023. In the first four months of 2024, new business in this market increased by 2% compared with the same period in 2023.

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Growth in disposable incomes slows

Sluggish economic growth and economic shocks including the financial crisis and the pandemic mean increases in disposable incomes have been ‘slowing to a crawl’ since 2010, according to the Resolution Foundation.

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Consumer confidence rises in May

Consumer confidence has risen to its highest level in over two years, according to GfK’s consumer confidence index. The index rose by two points to minus 17 in May, which is the highest reading since December 2021

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Call us on 0845 456 5859

Welcom Digital Limited

The Exchange

Station Parade

Harrogate

HG1 1TS

T 0845 4565859

F 0845 4565253

Office hours

9am to 5.30pm Mon to Fri