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Great credit score no guarantee for loan approval – Bankless Times


Great credit score no guarantee for loan approval
Snehal Fulzele
Poor credit scores are not the only reason loan applications are denied. Increasingly, lender niche-bias can be blamed for the giant red ‘X’ stamp on you paperwork.
Snehal Fulzele is the CEO of Cloud Lending Solutions, a global cloud infrastructure company offering SaaS applications designed to manage loan portfolios and help platforms quickly get to market.
Mr. Fulzele said the idea for the CL Exchange began with a conversation he had with Ron Suber from Prosper. Mr. Suber said Prosper accepts roughly 10 percent of credit applications it receives. For other lenders it may actually be lower. ....

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