SYSTEMS AND METHODS FOR SHARED LENDING RISK

摘要

The system enables a merchant to choose the degree in which to participate in financing of a customer. This enables a new revenue stream for merchants beyond retail margin. The system also enables merchants to reach new under-banked consumers who were previously unable to buy from the merchant because they lacked the cash and/or credit to do so. The system also allows a consumer to participate in modification of credit terms by providing a customizable credit product.