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.

  • Financial stability

  • Repayment Nature

  • 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.

OTHER BENEFITS

• 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.