As noted above, the Buyback Guarantee is just as effective as the underlying loan originator who has consented to honor it. Then you stand the very real chance of losing your investment, not least because the loan company will not be able to cover the Buyback Guarantee if the loan originator does run into financial difficulties.
Upon participating in further research, it is often delivered to our attention that that loan originator standard has recently taken place at Mintos. The originator at issue had been a lender that is polish as Eurocent. In terms of we have been conscious, investors holding loans that are eurocent their profile are yet to get some of their funds straight back.
It stays to be seen what the ultimate results of the standard is likely to be, given that liquidator has the remit that is legal gather repayments from Eurocent borrowers depending on any outstanding agreements. Continue reading