According to the survey, around 78% of the respondents consider there should be alternative ways to assess loans than popular credit scores, while 72% of them consider that credit assessments don’t reflect a client’s ability to pay a loan.
With living costs constantly rising, more Europeans are facing financial struggles and are looking for alternative ways to access finance, including loans. However, according to the research, the majority of people (67%) would need a more engaging and less transactional relationship with their lender. Most of them may even agree to pre-defined spending controls if this would land them competitive rates.
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