What happens when the borrower gets in arrears?
September 22, 2024
Under the My Investments tab in your profile, you can see a detailed statement of the repayment calendar, where you can learn the history of loan repayments, including the information on when exactly which installment was paid, and when the next installments are due. The provider, as the loan administrator, is in contact with the original borrower and takes all steps to ensure that the repayment is made. If this does not happen, either a buyback follows (note: if the provider offers it) or the acceleration clause is initiated, leading to the debt recovery process, about which investors would be informed in detail.
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