How to spot risky loan guarantors and protect yourself as a lender
A loan guarantor is basically like a secondary borrower. If they can't pay up when the borrower defaults, then having them as a guarantor is pointless.
The possible upsides of making GSI the go-to loan repayment method
The Federal government initiated the Global Standing Instruction (GSI) to nip the issue of non-performing loans and unrepentant loan defaulters in the bud. Unfortunately, the implementation of this very powerful tool has been limited.
Reduce abandoned loan offers by 50% with fewer surprises
Hello 👋, Happy new month and welcome to December! We’ve finally made it to the last month of 2024—what a journey it has been! Time truly does fly, and it’s a gentle reminder that we should make the most of every moment. As the author Harvey MacKay once said, “Time is free, but it’s priceless. […]