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Which is better for loan repayments: cards or direct debit?

A lender’s worst nightmare is being unable to recover loans. This fear has a compelling hold on lenders that many have resorted to scare tactics, harassment and misusing borrowers’ data to force repayment. More often than not, adopting these unethical methods …
Which is better for loan repayments: cards or direct debit?
The threat that bad loans pose to lenders can’t be overemphasized. A lot of lenders have had to write off an alarming amount of non-performing loans (NPL). As a lender, a big concern you’re often confronted with is “what if they …
API integrations to reduce NPL
Now that you’ve made the decision to become a lender, the next big decision you’ll have to make has to do with the loan software to use. Especially for lending digitally. Whether you decide to build your lending technology yourself or …
features of the best loan software
Lending-as-a-Service is a type of Software-as-a-Service (SaaS) business model but built and designed solely for lenders. The first thing to note about lending-as-a-service (LaaS) is that it’s in the business of technology. It’s not a money lending business. A LaaS company …
what is Lending-as-a-Service -LaaS?
Are you aware that you can report bad lenders who couldn’t possibly care less about conforming to lawful and responsible lending practices? We sincerely hope so. But we don’t live in an ideal world. As much as there are good and …
report unethical lenders
There are key lending business activities to monitor to ensure your lending business is on the right track. Generate reports of these activities  and review them daily for best results. Lending is serious and sensitive business and must be conducted with …
business activities lenders must monitor
Lending has probably been around since dinosaur times. While informal lending between friends, families and cooperative groups is still widely functional, the more formal lending organizations have to be regulated by the government. To own and operate a lending business in …
Are we the only ones who find it alarming that there are digital lenders who give out loans to Nigerians without a credit history? Where exactly is the confidence coming from? Many Nigerians don’t have a formal credit history but this …