When to go legal with loan defaulters
Industry Information

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.

Key loan management software features for improved performance
Information

Key loan management software features for improved performance

Lending without technology is a step backwards which can adversely impact your profitability. To navigate the complexities of lending, having the right loan management software is indispensable.

Which is better for loan repayments: Cards or Direct Debit?
Lending

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 of loan recovery exposes the dire need for improvement of the lenders’ system for […]