So how did you guys get started?
FLM started lending in 2005 after a chat in a pub turned into an obsession with
finding a way to make loans available to people with bad credit scores.
We knew that millions of people were being refused, or offered loans at crazy rates
because according to a computerised score they were likely to default. We knew that
computers could do lots of things really very well, but judging a person's character
didn't seem to be one of them.
After a few shandies the big idea struck. Ignore what the computer says and look
at whether people are trusted by their friends and family. The rest as they say
is history...