Flourishing rate comparison platform LendingArch has recently announced the expansion of its credit card division to cover leading lenders like American Express, Bank of Montreal, and Home Trust.
The platform is meant to help Canadians browse and compare between the most popular credit card options available, LendingArch president Paul Hadzoglou said.
The system will allow credit cards to be matched to particular clients that have specific sets of needs, thus improving their chances of approval and saving time, money, and effort in the process.
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“We’ve already seen the positive impact our lending solutions have made to Canadians in the other financial categories that LendingArch offers, and we feel that bringing a simplified tech and data-driven approach to allow users to compare the nation’s best credit cards is a natural transition for our platform to offer to our valued customers,” Hadzoglou stated.
Meanwhile, credit card providers will have access to the pool of pre-qualified users that are most likely to be approved, which will also help improve providers’ targeted marketing tactics.
LendingArch is predicted to process more than 500 million loan applications this year alone, according to observers.
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