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Shrinivas Bhalerao

Founder @KraftBags.s... • 1y

How do Instan loan provider company/app recover their losses they have got from loan defaulters, and how they recover the money form the person who don't pay back the loan.(Does someone have suggestion to how to recover the loan)

7 Replies

Replies (7)

Rajan Paswan

Honorary Mentions - ... • 1y

Most such loan providers have agent who goes to people houses and demand money to return. When doing this again and again. Most people out of fear, frustration and public humiliation try to pay as much as possible. There might be other ways but ik of this.

2 Replies

Trilok SHARMA

Entrepreneur • 7m

Sir, I have come to know today that many people are defaulters but they are not defaulters of their own free will. If you find out or find out about their problem then they all want to take loan but the recovery agency is giving them so much trouble that they do not give the loan as per penalty. Or charges are levied or the instant loan agency gives them the loan of their choice or the tenure of their choice and no one can take it from the customer. How should they pay if the loan is flexible and recovery should also be flexible?

Anonymous 1

Hey I am on Medial • 1y

Actually they don’t have much they can do. Their hands are tied. Brands like simpl and slice, they can’t legally do anything. To recover it, all they can do is like call the person or at Max go to their home. Nothing after that. They have high rates of defaults which they mark as “Loss”

Jaswanth Jegan

Founder-Hexpertify.c... • 1y

I’m curious to know about this too

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Chand ram

App developer, Tec e... • 1m

I have some ideas which are from different fields like a lens cart and a gold loan provider (Muthoot Gold Loans) how to sell my idea

Trilok SHARMA

Entrepreneur • 7m

I have a problem solver idea ... Those who have not yet come in the market, those who are in debt, those who are defaulters, they do not get loan from anywhere, for them we should start a loan portal in which we will take care of everything from the

6 Replies

Praveen Kumar

Start now or Regret ... • 8m

hii , At the age of 19 I have unfortunately taken a loan for my friend in mpocket and the loan was never paid.I have neglected that time because I don't have money .Now I am salaried with 5.2 lpa but I have less credit scores , so no credit card are

2 Replies

Kavya choudhary

Founder | Doo Spark ... • 1m

Should I fill this form for the international funding program? Is it right to sign the loan statement in the funding/partnership contract?

2 Replies

Anonymous

Hey I am on Medial • 6m

How is it ? For a healthy food provider startup to the fitness personalities

25 Replies

Harsh Mrugeshsinh

Work for other • 6m

finding co-founder for my new startup facing problem to develop our website and application is anyone want to support im ready to give some of share of my company this is fintech company instan loan aggregator have to work as mediator between c

Rithish shetty

Building @openxmart.... • 10m

I want to start a new startup. I have made all kinds of preparations. But fund is the only problem. How to arrange fund. Please give me some suggestion. i want loan only my startup is b2b marketplace that connects local sellers & buyers with help o

7 Replies

Yahya

Think constructive, ... • 4m

Do medial bear any losses if I don't purchase their subscription?? if not then how can they earn in other way?

Anonymous

Hey I am on Medial • 1y

Hey guys, I used to worked for a startup and built their Android and iOS apps but after 3 months my contract expired. They still made me work but refused to pay, now that I have completed their apps. The startup is a home loan provider and the fou

11 Replies