Bondora recoveries jumped once again in October. In total, 42,319 missed payments were recovered on the month, 3.7% higher than September. Bailiff recoveries made the largest increase, up by 4.0% to 15,057. Recoveries were higher across Estonia, Spain, and Finland. Cash Recoveries The amount of cash recovered in October also increased, up to €485,274, bringing…
There was a significant increase in recoveries in September compared to last month. In total, there were 40,805 recovered Bondora payments in September, up by 6.9% from August. All categories of recovery, except for rare case recovery, were higher. In-house collection had the biggest jump, up by 17.4%, with Spain accounting for the highest percentage…
For the third month in a row the amount of recoveries rose on Bondora. A total of 38,187 in payment recoveries during August equates to a 4.6% increase from July. Collections made in-house by Bondora rose by 8.6% to 8,721, while all other recovery categories also rose slightly. Finland saw the biggest gains in recoveries,…
For the second straight month, Bondora recovery payments increased. In July there were a total of 36,464 recovered payments, an increase of 4.4% over June. Bailiff recoveries grew by 5.2% to a total of 13,106 on the month. There were increases across the board for recovered payments in Estonia, Spain, and Finland. Cash Recoveries Cash…
In this post, we’ll discuss the latest recovery figures for June, and how this compares to last month. In June a total of 34,912 loans were in recovery, representing a 4.5% increase from May. Recoveries out of Spain were relatively unchanged on the month, while Finnish and Estonian recoveries were higher by 6.7% and 5.0%…
For the second straight month, Bondora loan recoveries grew. A total of 33,409 recoveries were made in May, up from 30,874 (a gain of 8.2%) the month prior. All recovery categories were higher, with the biggest increase coming in bailiff recoveries, which were up 17.1% to 11,742. Cash Recoveries Up Significantly While total recoveries were…
The total number of loans in recoveries in April was 30,874, an increase of 3.6% compared to March. By stage, default and court recoveries were relatively unchanged, while in-house collection increased by 10.8%. Loans in the bailiff stage were up slightly, totaling 10,029, an increase of 1.4%. A change in cash recoveries While the total…
In March, the total cash recovered on the month which saw significant gains. The Bondora team worked diligently to recover missed loan payments and was able to recover more cash, on average, than in previous months. Recovery count ticks higher As previously mentioned, the recovery count increased since last month, with a total of 29,801…
Bondora was able to recover more missed loan payments than previous months, a testament to our dedication to tracking down missed peer-to-peer loan payments. While defaults are expected and always accounted for within our risk ratings, we still do everything we can to limit missed payments from our borrowers. Recovery count The largest increase in…
Bondora continues to work with local courts and the legal system to ensure the highest rate of recovery payments possible. Missed payments are always going to be a part of peer-to-peer lending, but as long as it is possible, we at Bondora will do everything in our power to recover as many missed payments as…