Are you looking to close your lazypay account? Then you are at the right blog. In this article you will know how to close lazypay account step by step.
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About LazyPay
LazyPay is a popular online credit and payment solution for Indians. It is easy and convenient to use, providing customers with a convenient means of purchasing goods and services online. However, there are times when you need to close your account due to various reasons such as high interest rates, privacy concerns, or to reduce your financial debt.
4 Simple Steps to Close Your LazyPay Account
Once you have completed the necessary preparations, it’s time to initiate the closure of your LazyPay account. To close your LazyPay account, follow these steps:
1. Logging into your LazyPay account
Log into your LazyPay account using your registered email/phone number and password.
2. Initiating closure request
Select “Contact Us” at the bottom of the LazyPay homepage, and click on “Account Closure Request” and submit the necessary details.
3. Confirmation of account closure
You will receive a confirmation email after submitting your closure request with a reference number.
4. Checking for account deactivation
Log out of your account, then log back into your account after 24 hours to ensure that your account is deactivated.
LazyPay Customer Support Number And Email
If you cannot find the exact solution , feel free to reach lazypay customer care support.
| Official Email | wecare@lazypay.in |
| Toll Free Number | 08069081111 (9AM – 9PM) |
Contact PayU or SBM Bank
Lazypay is powered by PayU and Bank sponserd is SBM (State Bank Of Mauritius). All the funds are deposited on the SBM Bank and managed by PayU. You can contact PayU official email address wecare@payuin.com or contact SBM Bank customercare@sbmbank.co.in (Toll Free Number – 1800 1033 817)
Lazypay Account Close Overview
Before we go into the steps on how to close your LazyPay account, it is important to ensure that closing your account means the termination of all services and benefits that it provides. This includes automatic payments, cash back, and credit lines.
Why You May Want to Close Your Account
There are many reasons why you may want to close your LazyPay account. These include:
- High interest rates and fees
- Privacy concerns
- Other reasons for account closure
- No Need Use of Further
High interest rates and fees can cause financial stress for a customer who may have difficulty making payments. Privacy concerns may arise if a customer feels that their personal information is not safe. Other reasons for account closure may include changes in personal circumstances such as unemployment or illness.
Understanding Your LazyPay Account
Before closing your account, it is important to review your LazyPay account details. This will give you an overview of any pending transactions or balances that you need to address.
Reviewing your LazyPay account details
Log into your LazyPay account and review your account transactions and balances. Pay any pending payments or credits that you need to address before closing your account.
Identifying any pending transactions or balances
Identifying any pending transactions or balances on your LazyPay account is to avoid any outstanding debts or bills. Make sure to pay off any outstanding balances or debts before closing your account.
Preparing to Close Your LazyPay Account
Once you have decided to close your LazyPay account, it is essential to be proactive in the process. This includes:
- Spending remaining LazyPay balance
- Paying off remaining debts
- Cancelling subscriptions linked to LazyPay
Spending remaining LazyPay balance
Spend your remaining LazyPay balance on items that you need. This will ensure that you do not have any balance remaining on your account when you close it.
Paying off remaining debts
Paying off any remaining debts or balances is critical to ensure that you are not leaving any outstanding bills. This will also ensure that your credit score is not negatively affected.
Cancelling subscriptions linked to LazyPay
Cancel any subscriptions that are linked to your LazyPay account to avoid any future automatic payments.
Alternatives Ways To Continue or Close Your LazyPay Account
If you are not ready to completely close your LazyPay account, you can opt to reduce account usage, limit transactions and balances, or request a personal loan for account debt related issues.
1.Reducing account usage
Reducing account usage can help manage your financial dealings with LazyPay.
2. Limiting transactions and balances
By limiting transactions and balances, you can reduce the amount of debt you have in your account.
3. Requesting a personal loan for account debt consolidation
Requesting a personal loan for account debt can help manage multiple debts more effectively.
Conclusion
Closing your LazyPay account can be a tough task, but it is important to protect your personal finances in the long run. This article will guide you on how to close your LazyPay account and outlines the steps you need to take to close your account.
Frequently Asked Questions
Q.1 What happens to my pending transactions when I close my account?
Ans. All pending transactions will continue to be processed until completion. It is important to pay off any outstanding balances before closing your account.
Q.2 Can I reopen my account after closing it?
Ans. No, once you close your account with LazyPay, it cannot be reopened.
Q.3 How long does it take for my account to be permanently closed?
Ans. It takes approximately 24 hours for your account to be permanently closed. Once it’s closed, you will receive a confirmation email.
