Frequently asked questions on direct debit mandates for loan repayment
Industry Information

Frequently asked questions on direct debit mandates for loan repayment

Direct debit mandates have become a common tool for loan repayment, helping lenders automate collections and reduce missed payments. But for many borrowers and even lenders, questions still arise around how these mandates work, what consent really means, and how disputes or cancellations are handled. From setup and authorization to compliance and customer protection, understanding the key aspects of direct debit is essential for building a smooth, transparent, and trustworthy repayment process.

How lack of consequence for loan defaults is destroying the African credit ecosystem
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How lack of consequence for loan defaults is destroying the African credit ecosystem

Lack of loan default consequences is destroying Africa’s credit ecosystem from the inside out and it's causing a vicious cycle of distrust.

A1 Credit: Using digital channels to give loans to Nigerians and SMEs
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A1 Credit: Using digital channels to give loans to Nigerians and SMEs

A1 Credit is part of a growing shift in Nigeria’s lending space, where digital channels are being used to reach individuals and small businesses that traditional systems often overlook. By moving loan applications, verification, and disbursement online, lenders can respond faster to demand while working with limited credit histories and informal income patterns. This article looks at how A1 Credit approaches digital lending, the role of alternative data and automated decisioning, and what this means for Nigerians and SMEs seeking more accessible and responsive financing options.