How Simpl, Lazypay fund their credit? Defaulters must be very high

18mo ago

Jobs

One interview, 1000+ job opportunities

Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑

+322 new users this month

DizzyLlama

Atlys18mo

Why do you think defaulters would be high?

GoofyMuffin

Student18mo

Because it’s free money, what if people don’t pay back

DizzyLlama

Atlys18mo

It affects their credit score. These are considered credit lines. Which means there will be a credit enquiry and your owed amount will be registered.
Ofc these people will levy additional charges and might target you via calls or other means to get the money owed