6 common misconceptions about using GSI for loan recovery
GSI can be triggered on customer's accounts when they don't pay their loan. Not true!
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.
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.