Total Debt

Total debt

Use case - refinancing to reduce monthly commitments

With less cash available each month, it can be tempting for customers to use ‘buy now, pay later’, dip into their overdraft or utilize their credit cards more than usual. Combined with existing loan payments, these debts can soon add up.

Bring awareness of total debt upfront and personalize with added clear actions on what steps can be taken to get on top of it.

Total debt examples

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APIs used

List accounts:
GET financial/v3/accounts (List accounts endpoint)

Debt collection transactions:
GET v1/debt-collection (Debt collection transactions endpoint)

Financial products (loans):
GET insights_v2_products (Financial products V2 endpoints)

Retrieve category totals:
GET aggregations/v2/totals/categories (Category totals V2 endpoint)

Tip: combine loan data with your affordability score to pre-approve refinanced loan applications.

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