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.
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