What happens if I have trouble paying back my loan?
We send automatic reminders to notify you about an upcoming payment date. If a payment date is missed, automated debt notifications go out the next day after the debt occurs, and periodically after that. Some debt notifications are subject to an additional fee according to each country’s legislation and may differ from country to country. Please refer to the fees page to learn more.*
If you are unable to pay the debt even after repeated reminders and three consecutive monthly payments are partially or fully in arrears, Bondora will be forced to cancel your loan agreement(s) and appeal to the court to recover the entire debt.
You can read more about our debt collection procedure below:
1. Debt collection procedure for active loans
2. Debt collection procedure for canceled loans