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

19mo ago

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DizzyLlama

Atlys19mo

Why do you think defaulters would be high?

GoofyMuffin

Student19mo

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

DizzyLlama

Atlys19mo

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