How does the reminder system work at Cashare?

The installment payments are checked continuously. The first reminder is triggered if an installment is received late. If the installment still remains pending, another reminder is sent. If the second installment too remains unpaid, we handover the case to our collection partner to claim the total outstanding loan amount, including interest and interest on the delay. If the pre-legal collection process is not successful, the legal recovery process is initiated.

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