Why borrowers repay more when they have something to lose
Loan repayment is often influenced by more than income or willingness to pay, it is also shaped by accountability. Borrowers are often more likely to repay when they have something meaningful to lose, and guarantors are one of the clearest examples of this dynamic. When a trusted friend, family member, or colleague stands behind a loan, repayment carries social, financial, and reputational consequences beyond the borrower alone. For lenders, guarantor-backed lending can strengthen repayment behavior while creating an added layer of confidence in credit decisions.
The hidden costs of cheap lending software
What many lenders discover later is that ācheapā often means paying the same money in other ways, only with more stress involved.
What are the legal consequences of failed direct debit due to insufficient funds?
Today, weāll look at the legal implications of failed direct debits in three very different places: Nigeria, the UK, and Dubai. Each country handles the situation differently, and the differences might surprise you.
