What are the legal consequences of failed direct debit due to insufficient funds?
Today, we’ll look at the legal implications of failed direct debits in three very different places: Nigeria, the UK, and Dubai. Each country handles the situation differently, and the differences might surprise you.
When to go legal with loan defaulters
Whether you're a small lender or a big institution, the decision to pursue legal action against a defaulter is governed by various factors, including the loan type, the borrower's behavior, and, most importantly, the legal framework in your jurisdiction.
When silence speaks volume: communicating with defaulters 101
For small and medium lenders, communicating with defaulters is like walking a tightrope. Do it well; you might salvage the relationship and recover your money. Handle it poorly, and you risk losing not just your funds but also your reputation.
13 female CEOs shaping the Nigerian credit ecosystem
What sets these female CEOs apart isn’t just that they’ve made it to the top—it’s how they’ve done it, and we're in awe!
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.
Let’s protest against financial indiscipline
It’s hard to believe it’s already been five months since we launched Kolo. But we’re grateful you’re alive to read our email. Your continued support has been our driving force, and we’re thrilled to share some exciting updates and important financial insights with you. What’s popping in the finance space? 📰 💰 Interest Rate Hike […]
Half of the year is gone but the other half is going to be awesome
We’ve officially blown through 50% of 2024, and we want to extend our gratitude for your continuous support and trust in us. Over the past six months, we've rolled out important features and enhancements to help you manage your loan business better.
Your admin console is now an Android app and on the Google Play Store
The Lendsqr admin console now has an Android version that is available for download on the Google Play Store. You can now access all of Lendsqr’s features directly from your mobile device and manage your lending operations on the go.
You can now assign account managers to your customers
We’ve made customer management more streamlined for you and your team. We’ve added an ‘Account Manager’ role to the admin console. Now, you can invite a team member, assign them as an account manager, and link them to a customer. T
You can now recover your Lendsqr account
We have introduced a seamless process for account recovery, even if you've lost access to your two-factor authentication (2FA) devices. Now, when activating 2FA, you'll generate recovery codes to ensure access in case of emergencies.
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!
