Word on the street: Loans are bad! Maybe not
The Nigerian’s perception of loans can be likened to the human’s fear of wild animals; scary! Okay, maybe that analogy is layered a little too thick, but you must agree that Nigerians hate loans which is ironic because when they eventually get them, they never payback. To the crux of the matter, why do loans have […]
Why lenders and borrowers need credit-life insurance
Credit-life insurance is a solid alternative for lending institutions to protect themselves against borrower default due to unforeseen life circumstances.
How to report defaults to credit bureaus responsibly
This article explains how to report defaults correctly. It covers checking information, notifying borrowers, handling disputes, and keeping proper internal controls.