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
The total amount of the loans granted by the loan originator to borrowers since its establishment
The total amount of the loans issued on the marketplace by the loan originator
In business and financing, the term “skin in the game” is used to refer to owners or principals having a significant stake in an investment vehicle, in which outside investors are solicited to invest. This is to ensure the interests of the originator and the investor in the asset are aligned, as both have a stake in the asset/ investment. On iuvo this means that every loan originator is required to keep certain percentage of each loan listed on the marketplace, which is their “skin in the game”. For example, if a loan originator issues 100 EUR loan to the marketplace and have skin in the game 30%, only 70 EUR of the loan will be available for investors to invest in. The loan originator keeps a stake of 30 EUR.
The year in which the company became profitable
Access Finance offers a wide range of accessible card products, flexible terms and an innovative approach. The company started its business in 2013 with the White Card product, and over the years has always followed the principles of commitment, trust and high quality customer service. A fact that ranks White Card in the top 100 of the LiveHelpNow Challenge, a ranking for a high quality customer service since 2016 to date.
The company is constantly looking for and discovering innovative ideas, and explores the possibilities for their implementation in order to increase customer satisfaction.
Our partners operate on 4 markets – Bulgaria, Romania, Poland and Spain and have a wide network of partners comprised of more than 50 companies. The company is part of Management Financial Group (MFG).
Access Finance is a technology company which is one of the leaders on the Bulgarian credit card market. In order to maintain high quality of all our processes, we always strive to work with the best partners on the market. So only after a careful market research, Access Finance chose iuvo. Their terms and conditions are one of the best on the market, and more importantly, the reputation and stability of the company are impeccable.
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