BENEFITS FOR THE USERS
WHY OPT FOR /REGISTER IN CREDBAL
Having said about the need for new age digital platform, here are the list of benefits for users of CREDBAL.
BENEFITS TO SELLERS:
Before supplying the goods /services know about the buyers.
Payment default by the concerned buyer.
By Sensing the buyers default ,we can make a decision
Whether to give high value credits or get immediate cash payments for the supply.
Whether to stop giving further credit to the default buyer.
Its helps to avoid high risk credit sales.
Similarly creditors will give preference for your outstanding, since if it not repaid within due date their Trade Name will be displayed on the default list, reducing the buyers credibility.
Buyers will try to avoid being listed in default list because of the following Reason.
Buyers credit purchasing capability Of the default person gets reducing in the market.
Buyers would not get credit as like as their competitors, which in turn increase their cost of purchase.
Also, Credbal given periodical reminders of the pending dues, thus by reducing the effort made by sellers for collections.
Buyers with prompt repayment history, may able to demand more credit for greater expansion of business.
As their credit purchasing capability increases , their cost of purchase would be reducing compared to that of competitors.
Even during the time of wedding, bridge /groom may come to know about others financial stability.
CREDBAL PLATFORM Can be also used during purchase of immovable/ movable properties like land and car, etc., if it to be were on credit.