Re:Show HN: Credy – Peer-to-Peer Lending Platform for India
by Rajat_Dindoria on Friday February 24, 2017 @01:03AM
(#13721433)
I currently invests in https://www.lendbox.in, even though lot of delays in repayment. No actual default has happened in my knowledge on the platform. What is your tackling solution for delays and potential defaults
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Re:Show HN: Credy – Peer-to-Peer Lending Platform for India
by pratishgandhi on Friday February 24, 2017 @03:34AM
(#13722044)
Hi Rajat, thanks for your comment! We are rolling out auto-debit feature to pull money from the borrower's bank account so that you don't have to track it. We also have processes to followup with borrowers automatically before due dates to remind him to pay the installment.