Salad Money are providing borrowers with an alternative type of lending. How are we doing this? By using a completely new method of affordability assessment removing the need for a strong credit score. We assess our applicants on the here and the now, because when it comes to lending money... You’re more than your score!
We are changing the credit market one step at a time. By using Open Banking instead of out-dated credit score in our affordability assessment, we can get a more complete picture of the financial situation of an applicant, enabling us to lend more appropriately and affordably. To date we have helped over 30,000 financially excluded individuals, lending over £36m using solely Open Banking in our affordability assessment.