installmt is a web-based payments solution designed with the needs of subprime personal lenders top-of-mind.
We can improve your business by slashing delinquency rates.
Six years of real world usage data has demonstrated that installmt can reduce 1-30 day delinquency rates by more than 40%.
How does installmt work?
The algorithm functions via three critical pillars:
Our algorithm accurately predicts when borrowers are best equipped to make future loan payments. It automatically generates a variable payment schedule with no additional work from your employees.
Based on each borrower’s custom payment schedule, installmt will automatically run payments on behalf of your business. This is done seamlessly on the backend, with no manual intervention required.
Successful & failed payments are compiled into digital reports before the business day starts, so your employees can record payments and follow up on any issues that arise.
How much can installmt improve your business?
In our initial test program with a South Carolina lender, average short term delinquency rate across all offices showed consistent improvement as they continued using installmt.
Interested?
Get in touch to learn more: hello@installmt.com
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