Solvency

What does Acredius do when a company does not pay back?

As soon as the payment is delayed, even before a loan is officially non-performing, our partner, TMF Group, will (after three consecutive reminders to the borrower) flag the loan as default in the periodic reporting to Acredius/Investors and will subcontract a debt collection agent to recover the claim from the borrower (e.g. CJS currently https://www.cjs.ch/cms/). In a nutshell, Acredius will take action via TMF Group and will try to recover the total amount for the investor.

If a borrower ceases to be a representative of the company or project and thus becomes invalid, what happens to the project?

In case of a change of status of the borrower, the situation is case dependent. However, since the loan contract is in the company’s name, it is the company’s liability.

What happens if the borrower misses a payment?

Acredius informs investors of any delays in repayment immediately. In case of default, Acredius sends a reminder via email to the borrower on behalf of the investor, setting a deadline for the repayment. The Acredius recovery team reaches out to the borrower and will address any late payment issue. If the borrower does not pay within the defined time period, the remaining amount of the loan agreement as well as outstanding interest will be due and payable immediately. For further details, see Delay fees.