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Slice biggest update. please close your card asap..!!
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Batmanbaba
TF Legend
They have clarified on twitter that nothing such will happen.... Like for every transaction there will be no new account.... Only one single account will be there per customer.....
Batmanbaba
TF Legend
Yes... But my experience with lazypay till now has been very positive... No issues...
Can you please share the twitter link, where they have mentioned this reply?
Batmanbaba
TF Legend
We always ensure that we follow the industry best practices for bureau reporting and take no action which has an adverse influence on our customers🤗 https://t.co/JKhheu6Pek
Do you use slice?
Batmanbaba
TF Legend
No... I was never approved.. Tried twice...
Batmanbaba
TF Legend
Yes... But I have lazypay..... 90% of times... It gives 1%cb...rest...0.5%
Abhishek012
TF Pioneer
#Forward msg -
There is a new "Supporting Documents" section under each transaction.
When you click on this, you'll see 2 options :-
For the test transaction of ₹1 which I did to demonstrate, a new Loan agreement & sanction letter has been generated.
I have personally confirmed that each transaction is generating a unique and new sanction as well as a loan letter 😬
Most importantly there is an 18 months EMI schedule (with interest) which we are agreeing to by doing these transactions!
There is a new "Supporting Documents" section under each transaction.
When you click on this, you'll see 2 options :-
- Loan agreement
- Sanction letter
For the test transaction of ₹1 which I did to demonstrate, a new Loan agreement & sanction letter has been generated.
I have personally confirmed that each transaction is generating a unique and new sanction as well as a loan letter 😬
Most importantly there is an 18 months EMI schedule (with interest) which we are agreeing to by doing these transactions!
zealot
TF Ace
So they are going to fill up with multiple loans in our CIBIL 😢
Batmanbaba
TF Legend
Rbi has almost closed this bnpl business.... I think we have to wait for next month credit report to see what is exactly the truth... For every bnpl
Need to wait and watch
Batmanbaba
TF Legend
Yes... That is why This month... Only used my lazy card once.... Lets see if they create loan account for it..... Or not....maximum damage is one loan account
Yup Same here have a done a single transaction on slice this month, lets see what happens.
BTW, when do they report to cibil, like when does it get reflected if any change is there?
Batmanbaba
TF Legend
For this month.. It will be updated mostly after 1 August.... Or 1sept....That is also to be seen....
