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One of the methods by which the originators control the risk, is using a credit rate score system. This is a procedure of classifying every credit in different categories, based on the default probability (the probability the borrower to stop paying off their loan). All loans in iuvo have a score rate. This is needed so the credits from different originators can be compared
- AScore class A
- BScore class B
- CScore class C
- DScore class D
- EScore class E
- HRScore class HR
The total amount of the receivables granted by the originator to users since its establishment
The total amount of the receivables issued on the marketplace by the originator
In business and financе, the term “skin in the game” is used to refer to owners or directors having a significant stake in a receivable, in which outside users are solicited to purchase. This is to ensure the involvement of the originator and the user in the receivable are aligned, as both have a stake in the receivable. On iuvo this means that every loan originator is required to keep certain percentage of each receivable listed on the marketplace, which is their “skin in the game”. For example, if a loan originator issues 100 EUR loan, lists the receivable on the marketplace and have skin in the game 30%, only 70 EUR of the receivable will be available for users to purchase. The loan originator keeps a stake of 30 EUR.
The year in which the company became profitable
About
Easy Credit is the first and the largest loan originator in iuvo. The company was established in 2005 and since then it has been a trusted assistant to thousands of Bulgarians in meeting their expenses by providing personal loans. Easy Credit is an innovator in the field of personal lending with a typical model including home lending. The basis of the company’s concept is to provide a responsible attitude and transparent lending procedures that are as easy as possible and close to the client. Easy Credit has more than 128,000 loyal customers and the brand’s recognition on the territory of Bulgaria is over 93%.
The company is part of Management Financial Group (MFG).
Our role as loan originator on IUVO enables us to expand our operations into a more technological environment, as we are a company looking to the future.
Become part of one of the fastest growing p2p purchasing of receivables marketplaces in Europe