About Us

Credlock’s “Device Collaterized Risk Management Platform” is a digital micro-credit default mitigation platform that helps lenders or any entity offering By Now Pay Later (BNPL) services to end consumers, to minimize the likelihood of default or loss on loans. Credlock does this through a fully automated workflow that integrates into any Loan Management System.

Using a carrier agnostic, and custom-built locking mechanism called a digital lien which a borrower optionally opts into, lenders have recourse in their ability to restrict a borrower's continued use of their primary mobile device in the event of a default, giving lenders similar leverage in the form of restricted service, a telecommunications services provider has over a mobile phone account in the event of a default.