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…
Examining when cash is recovered via a missed loan payment is a great way to understand how effective each piece of the recovery process is in the effort to recover payments which may have otherwise been written-off. This cash recovery process is a key factor in maintaining high returns for investors. **Please note, to maintain…
When a loan payment is not made, it is up to us to take the necessary actions to increase the likelihood of recovering any missed payments. There are several methods to recovering a missed payment, and to do so, Bondora utilizes a 3-step collection recovery collection process. This process flow has been carefully designed by…
Welcome to our monthly blog post on the performance of our P2P lending recoveries. Below, we take a look at the percentage of principal and interest retrieved between 2014 – 2018. Why is 2017 showing the lowest recovery rate? At first glance, this may appear to show that the success of our recoveries process has…
Welcome to our monthly P2P recoveries blog post where we discuss the cash recovered in each stage of the collection process. We have tried to assign all recovery payments to a specific stage that was set closest to the payment date. While this approach is not always correct in the case where recovery stages are…
Welcome to another post in our monthly overview of our P2P recovery stages. Here, we’ll show you exactly how many loans are in each stage of the recovery process and we will compare how it has changed from month to month. While we have tried to assign all loans to a specific stage as of…
Welcome to our monthly blog post on the performance of our P2P lending recoveries. Below, we take a look at the percentage of principal and interest retrieved between 2014 – 2018. Why is 2017 showing the lowest recovery rate? At first glance, this may appear to show that the success of our recoveries process has…
Welcome to our monthly P2P recoveries blog post where we discuss the cash recovered in each stage of the collection process. We have tried to assign all recovery payments to a specific stage that was set closest to the payment date. While this approach is not always correct in the case where recovery stages are…
Welcome to another post in our monthly overview of our P2P recovery stages. Here, we’ll show you exactly how many loans are in each stage of the recovery process and we will compare how it has changed from month to month. While we have tried to assign all loans to a specific stage as of…