Glossary
Credit risk
Credit risk is the risk that a borrower will not repay what they owe, on time or at all, leaving the lender with a loss. Managing it is the core job of lending: pricing, limits and decisions all flow from how much credit risk a lender is willing to take.
Lenders assess credit risk from credit history, scores and increasingly from real financial behaviour, then set their appetite, rules and pricing accordingly.
How Credit Canary helps with credit risk
Credit Canary brings the data, decisioning and payments behind Credit risk into one platform for UK lenders.
Decisioning EngineRelated terms
See Credit risk in a working platform
Credit Canary unifies credit risk, affordability and payments for UK lenders. Book a short walkthrough.
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