.png)
Customer Rehabilitation
Helping Financial Institutions to retain credit challenged customers within their ecosystems - a stop-gap solution.
WHO ARE WE
Alternative lender
Innovative in our approach, creative, outside the box thinking
Work directly with Financial Institutions to help retain customers within their ecosystems
We specialize in servicing credit-challenged clients across Canada
Since 2017, loaned out more than $50M and assisted almost 7000 clients
Repository of Canadian consumer lending and borrowing data
OUR SOLUTION
We provide our lending services directly to your front-end teams, offering an additional tool (stop gap solution) to enhance your existing strategy
Targeting credit poor, cash flow negative clients
Additional remedy to prevent accounts from rolling over to 90+ days and or charging off
VALUE PROPOSITION
Ability to consolidate all internal and external outstanding debts for your clients
Helping Financial Institutions to retain credit poor customers within their ecosystems
Proprietary “Credit Rehabilitation Program” = Financial Literacy and improved credit ratings for your clients
Create an environment for your clients to successfully make payments
Additional tool to maintain and grow client base
CREDIT REHABILITATION
Our proprietary program is designed to provide educational assistance and financial literacy for borrowers
Free and inclusive
Accessed via our web portal monthly
Provides customized budgets and financial workshops in the form of online modules
Over the term of the loan, credit ratings can increase substantially with delinquent accounts paid off and monthly payments being reported
With success of the program, borrowers can reduce their interest rates
Results: 90% bank retention of clients
HOW IT WORKS
A bank customer is referred to Financial Square (through an SFTP, API or other client approved host system)
Financial Square will go through application and approval process with the borrower
Funds are provided to Financial Institution directly
Online access for customers to the Credit Rehabilitation program
Provided to banks collection staff
ADJUDICATION
Adjudicating files for Banks is extremely strict, especially for individuals who are self-employed, underbanked or who have suffered hardships such as job loss or health issues that have led to low credit scores.
Financial Square caters to individuals that need assistance with their outstanding debts
We consolidate all debts (including external debts) into an affordable payment
We have created our own Credit Risk Model that is unique to Financial Square
It’s partly based on using a customer’s spending behaviour to approve files
Analyzing our portfolio’s performance helps us to create our own lending guidelines
Need more details? Contact us
We are here to assist. Contact us by phone or email.
Our Address
1 City Centre Drive, Suite 801
Mississauga, Ontario,
L5B 1M2