Simpl Investigation Initiated can be frustrating, but first we should learn more about the Simpl Buy Now Pay Later (BNPL) service. Since its inception in 2015, Simpl has been one of India’s most popular Pay Later service providers. It currently operates in more than 20 cities across the country and boasts of a user base of more than 7 million people. Simpl offers a simple and streamlined checkout process that makes shopping online more effortless than ever.
The problem arises when you don’t pay the bill on time, and Simpl investigation initiated. Due to our busy lifestyle, we might forget to pay the bill on time, but Simpl makes sure that its users are notified again and again to clear the pending payment. Here are 5 ways through which you can avoid such problems.
5 Ways To Avoid Simpl Investigation Initiated Problems
1) Spend Limit Wisely
Simpl credit limit depends upon the user’s spending pattern. The more you spend, the more your Simpl credit limit will increase. This is because Simpl believes that customers who spend more are using their service more responsibly and will pay their dues on time.
Although it might be tempting to use up your credit limit, you should really try not to. This is because when you use up all your available credit, your credit utilization ratio increases. Try to spend only if necessary so that you have enough money left in your bank account while paying the Simpl Pay bills.
2) Track Your Purchases
You should keep track on all the purchases made through Simpl. This can be done by installing the Simpl app and checking the recent transactions page. You can also categorize your expenses by type of purchase (e.g. groceries, clothes, restaurants). This will help you stay mindful of your spending and identify areas where you may be able to cut back. Tracking your purchases can help you stay organized and better understand your financial picture.
3) Pay Your Bills Before Due Date
If you don’t pay your Simpl credit bills on time, you can end up with a lot of penalties and fees. The best way to avoid those penalties is to pay your Simpl bills before they are due. That way, you won’t have to worry about late payments or interest charges.
If you’re unsure when your bill is due, check the Simpl app or contact customer service. They will be happy to help you out. Paying your bills on time is essential for two reasons: it helps keep your credit score high and it prevents you from paying late fees and interest charges.
4) Set Up Simpl Automatic Payments
Manually paying Simpl bill every 15 days can be a hassle. You can set up automatic payments to take the hassle out of paying your bills. You can set up automatic bill payment by linking your bank account through the Simpl Pay app. Once your bill is generated, Simpl will automatically deduct the due from your connected bank account.
5) Know Your Fees And Late Payment Charges
The late payment charge can be quite costly, so it’s essential to know how much it is and try to avoid incurring it. We have a separate article on Simpl late payment charges and CIBIL score related queries.
Conclusion: Be a smart user
Simpl Pay Investigation Initiated can be problematic for everyone. The above tips will not only help you avoid such problems in future but also make sure that your Simpl bills are being paid on time. Download the Simpl app for a peace of mind. If you have any queries, you can contact Simpl customer care.
Also Read: Does Simpl Affect Your Cibil Score? Find Out Here!
Also Read: Simpl Customer Care Number and Email ID
Also Read: Simpl Pay Later To Bank Account Transfer – Complete Process
