What happens if I have trouble paying back my loan?
If you expect that you might run into trouble paying back your loan on time, we recommend that you purchase B Secure. B Secure is a convenient service that borrowers can purchase to change their payment schedules. You can learn more about B Secure here.
Automatic reminders notify users 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. In case a loan is overdue for more than 4 days, a letter will be sent out by postal mail. 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 a debt is not repaid, we are forced to take the following actions:
If we are forced to turn to a court, and the court decides that the debtor must repay the debt, we will turn to bailiffs for enforcement proceedings. Bailiffs can seize debtors' accounts, assets, and income.