How to turn off payment methods for guarantor verification

Lenders can choose to turn off payment methods for a guarantor depending on their preferences for the loan application process. The steps listed demonstrate how to turn off the request for payment methods during guarantor verification

  1. Log into the Lendsqr Admin Console and navigate to the Loan Products tab
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  1. View any of the available loan products configured for your organization by clicking ‘View‘
guarantor verification
  1. Locate the ‘Require Guarantor Payment Method’ attribute under the Product Settings tab and click to edit.
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  1. Ensure the ‘Require Guarantor Payment Methods’ box is unchecked and click on ‘Submit‘
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  1. Double-check to see if the attribute is set to false and click on ‘Confirm‘.
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  1. Afterward, you will be greeted with a message that confirms the success of the configuration. Click on ‘Finish‘ to close the dialog box and return to the Product Attributes tab.
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Read further: We now support direct debit in loan invites and guarantor verification

See also

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