Effective loan collections for lenders in South Africa
This article breaks down what effective loan collection looks like in the South African context, what’s holding lenders back, and how to improve results without increasing risk.
Why your loan application keeps getting rejected
Having a loan application rejected can be frustrating, especially when the reason isn’t clear. In many cases, lenders decline applications due to factors like inconsistent income, poor repayment history, high existing debt, or incomplete information. Sometimes, even small issues such as errors in your application or mismatched data can affect the outcome. Understanding these common reasons can help borrowers take the right steps to improve their profile and increase their chances of approval in future applications.
Why GSI fails for borrowers with unpredictable income
Today, we’ll be highlighting three major challenges lenders may encounter when using GSI to recover loans from borrowers with unpredictable income: