Resimac tweaks credit assessments
From Monday, is moving to a "credit event" assessment policy. The lender will group previous credit issues into "life events", rather than treating each listing as a separate issue.
The move is set to make it easier for customers with previous credit issues to take out a loan. It will also help the non-bank grow its specialist lending book.
The announcement comes as the firm makes a number of key policy changes to its specialist product.
Adrienne Church, general manager of Resimac, explained: "Assessing an application using the ‘Credit Event’ approach rather than looking at individual listings, better reflects our focus on genuinely understanding our clients – their history, profile, and the all important ‘life context’.”
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