When silence speaks volume: communicating with defaulters 101
When a borrower stops responding, silence can be just as frustrating as a missed payment. But effective collections are not only about sending more reminders. They are about understanding why borrowers go quiet and knowing how to communicate in a way that encourages a response. This guide explores practical ways lenders can communicate with defaulters, handle difficult conversations, and improve recovery without damaging the borrower relationship.
What repayment methods are available for lenders to get paid?
Ensuring that loans get repaid can be a real headache for lenders, and the stakes are high. Whether you’re looking for the steady reliability or quick turnarounds, each method provides a different way to manage and secure loan repayments.
4 reasons why most loan defaulters are fraudsters
It’s time we stop sugarcoating this. Loan defaulters, in many cases, are fraudsters and here’s how they reveal themselves as such.
Embed BNPL into your platform without becoming a lender
Want to offer Buy Now, Pay Later (BNPL) on your platform without becoming a lender yourself? With the right lending infrastructure and partnerships, businesses can give customers flexible payment options while leaving the lending and credit responsibilities to a licensed provider. This guide explains how to embed BNPL into your platform, how the model works, and what businesses need to consider before getting started.
Are you still chasing payments? Direct debit can turn your loan collections around
Why endure the headache of chasing payments when direct debit can do the hard work for you?
3 reasons why direct debit hasn’t become a hit in Nigeria
We've championed direct debit as a better solution for loan repayments and recovery. For its efficiency and simplicity.
How to start a lending business in Nigeria from Canada, UK, and the US
So, if you’re serious about starting a lending business in Nigeria from the comfort of your Japa base, you’re in the right place. We’ve laid out the steps you need to turn that vision into reality.
Why direct debit is the silent hero of loan recovery in Nigeria
Unlike cards, direct debit cuts through the noise, offering a simpler and dependable way to ensure payments are made on time, every time.
Effective strategies to market your loan products
As of 2023, the global lending market was valued at over $7 trillion, with thousands of institutions vying for the attention of borrowers. So, how do you make your loan products stand out in such a full market?
What to consider when setting up a payday loan software
When setting up payday loan software, choosing the right features and infrastructure can make all the difference. This guide explores the key factors to consider, from loan automation and compliance to underwriting, repayments, and borrower experience. Whether you're launching a new payday lending business or upgrading your existing operations, this article will help you choose software that supports efficient, responsible lending.
Why and how to migrate from Loandisk to Lendsqr
If your lending business has outgrown LoanDisk, migrating to Lendsqr can help you automate operations, scale more efficiently, and access more advanced lending tools. This guide explains why businesses make the switch, what to expect during migration, and the steps involved in moving your data and workflows. Whether you're looking for better automation, flexibility, or growth, this article will help you transition with confidence.
