Past due loans are loans that should have been paid or should be in good standing as of a particular day. For example, if a loan should have been completely paid by January 31, 2023 but by the morning of February 1, 2023 it still has some amount unpaid, the loan is past due.
Furthermore, if a loan is partly paid but it is just leaving N0.01 to be completed, it will still be marked as past due.
Getting the data of the customers owing or past due is critical. However, this is very simple to get in Lendsqr.
- Login to the Lendsqr admin console at https://app.lendsqr.com/signup
- Scroll down on the side menu and click on Reports
- Select the Past due loans report
This report has all the details a lender needs to engage with these customers or make a decision.