By popular demand, we’ve added a data source integration for Method, an API that allows developers to retrieve data about a user’s liabilities such as credit cards, mortgages, and student loans – all with just the user’s phone number.
A Pave + Method integration allows you to retrieve a complete view of a user’s recurring loan payment history and enrich it with Method liability data including balances, next payment due date, interest rates, and more.
Why this matters
To date, getting a complete view of a user’s loan payment history alongside the details of the loan including the balance, term length, and interest rate has been a painful and often manual process.
Pave’s pre-built Method integration detects recurring loan payments in bank data and unifies it with the Method’s loan metadata to answer questions like:
- Did the user experience missed or late loan payments in the past?
- What is the user’s debt to income ratio?
- What is the user’s average account balance when making a loan payment?
Pave + Method Use Cases
- Cashflow Underwriting: Drive lift in your credit and fraud risk models
- Personalize debt management experiences: Allow your users to see all of their loans in one place. Recommend optimal debt payoff plans based on their cashflows and interest rates
- Manage overdraft and ACH risk: Verify upcoming loan due dates against the user’s account balance to anticipate potential overdrafts or ACH returns.
- Personalize refinancing offers: Monitor your users’ loan history and proactively offer loan refinancing options.
Here are some FAQs to get you started.
Which Method payloads can I upload to the Pave API?
You can upload Method Payments, Entities and Accounts payloads to the Pave API.
How can I upload Method payloads to the Pave API?
You can read about uploading Method payloads on the Method Payments, Method Entities, and Method Accounts pages of our docs.
We’ve updated our Postman Collection
