7 effective debt collection practices and legal considerations
When you choose effective debt collection practices, treat debtors with respect and adhere to the law, you're more likely to collect what you're owed.
🎥 You can now request videos during loan applications
Hello, and Happy New Month! 🎉 Welcome to October! To our Nigerian lenders, we extend our warmest congratulations on celebrating Independence Day 🇳🇬. As we enter the final quarter of the year, it’s time to reflect on the goals you set for your lending business at the start of 2024. Whether you’ve met them or […]
Why your loan default rate is high and five data points you’re ignoring
Many lenders blame late payments on “bad borrowers,” but the real problem is often hidden in the data they overlook. This article explains why your default rate is higher than it should be and highlights five powerful data points, often ignored by lenders that can dramatically improve underwriting accuracy, borrower monitoring, and repayment performance.