Lesson 3 of 5
Connecting to payment systems, credit bureaus and identity services
Three outside connections sit on the path of almost every loan: the payment system that moves the money, the credit bureau that holds the borrower's history, and the identity service that says who the applicant is. This lesson explains what each connection exchanges, what its answers mean, and how a lender designs for answers that are late, repeated or missing.
Published 13 October 2026 · Listen to this lesson
In this lesson
- Asking, telling and being told
- Payment systems: money that cannot be called back
- Credit bureaus: a connection in both directions
- Identity services: what the answer means
- When an outside service is not there