Debt management strategies
Managing debt effectively requires more than simply making repayments. The right strategy can help borrowers prioritise their debts, reduce financial pressure, avoid missed payments, and work towards becoming debt-free. This article explores practical debt management strategies and how to build healthier borrowing and repayment habits.
Managing your net worth across bank accounts
Managing your net worth becomes more complicated when your money is spread across multiple bank accounts, savings platforms, investments, and other assets. Without a clear view of everything you own and owe, it can be difficult to know whether you are actually making financial progress. This guide explains how to track your net worth across different accounts, organise your finances, and get a clearer picture of your overall financial position.
Struggling to get the capital you need to run your loan business?
Struggling to get the capital you need to run or grow your loan business? The Onlending initiative provides lenders with affordable capital to start, expand, and boost their lending operations without worrying about where to raise funds.
Half of the year is gone but the other half is going to be awesome
We’ve officially reached the halfway point of 2024. In the past six months, we’ve introduced new features and improvements to help you manage your loan business better, and we’re grateful for your continued trust and support. Here’s a look at what we’ve achieved so far and what’s ahead for the rest of the year.
Your admin console is now an Android app and on the Google Play Store
The Lendsqr admin console is now available as an Android app on the Google Play Store. Manage your lending operations, access key features, and stay on top of your loan business wherever you are, directly from your mobile device.
You can now assign account managers to your customers
Managing customers across a growing lending team can be challenging. With the new Account Manager role in the Lendsqr admin console, you can assign team members to specific customers, making it easier to manage relationships and keep customer responsibilities organised.
Kolo, your key to financial management
Managing money across multiple bank accounts can make it difficult to keep track of your balances and transactions. Kolo, an all-in-one financial management tool from Lendsqr Labs, helps you bring your bank balances and transactions together in one place for easier money management.
You can now recover your Lendsqr account
Losing access to your two-factor authentication device can make it difficult to access your Lendsqr account. With the new account recovery process, you can use recovery codes generated when activating 2FA to regain access during emergencies.
You can now activate your direct debit mandates in 1 minute
Our direct debit system is now equipped with E-Mandate, an addition that puts control directly in the hands of your customers. Gone are the days when you and your customers have to chase bank officers around to approve mandates.
We will use AI to transform lending in Nigeria and Africa
So, find a comfortable spot, maybe with a warm bowl of your favorite soup, and let's explore the January edition of the Lendsqr newsletter together!
What repayment methods are available for lenders to get paid?
Ensuring that loans get repaid can be a real headache for lenders, and the stakes are high. Whether you’re looking for the steady reliability or quick turnarounds, each method provides a different way to manage and secure loan repayments.
