How to get your loans repaid with Direct Debit
Grace Effiom, Head of Enterprise at Lendsqr, sat down with Unyime Tommy, the CEO and Managing Partner of Assurdly, to discuss the fundamentals of direct debit and its benefits for lenders.
Frequently asked questions about Money lender license
This article serves as a guide for operators and answers the most frequently asked questions about moneylender licenses.
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.