GoofyMuffin
GoofyMuffin
Student

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

14mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
DizzyLlama
DizzyLlama
Atlys14mo

Why do you think defaulters would be high?

GoofyMuffin
GoofyMuffin
Student14mo

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

DizzyLlama
DizzyLlama
Atlys14mo

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

SillyMochi
SillyMochi

Ask about thier company reviews as well

GoofyMuffin
GoofyMuffin
Student14mo

I’m very interested pls tell

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