Should I be worried about a late loan not being repaid?
Our partners have an obligation to buy back the loan no later than after 60 days after the loan is late (even if the end-borrower did not repay the loan to the lender). If the loan would be late, it would be closed and repaid on the 60th day of the delay latest.
It is important to note that there have never been defaulted loans on PeerBerry. All loans to our investors are always covered, including accrued interest.
