Interest and Buyback Guarantee while loans are overdue

European governments are imposing moratorium measures on loan originators. These measures affect the majority of countries in which Creditstar Group operates.

Creditstar is compliant with the new government regulations and is providing their customers with solutions such as discounts on extensions, restructured and better-suited repayment schedules. In the long run, this will ensure the financial stability of the borrowers and the business.


These extraordinary changes imposed by governments do have an impact on Lendermarket’s investors as well. We see that the majority of loans are being extended further from their original due date by Creditstar’s borrowers. Nevertheless, Creditstar continues to pay principal and interest to Lendermarket’s investors every week. Loan originators pay interest while the loans are late and the Buyback Guarantee still applies for all loans.

We hope for your understanding of these unusual circumstances and appreciate your patience until your loans are repaid.

Se agradece esta información porque tengo unos cuantos prestamos en overdue desde hace semanas y ya me estaba empezando a oler algo raro. Muchas gracias por tu aporte.

Yo paré el autoinvest y actualmente no tengo nada al corriente, todos los préstamos están ya vencidos. Ojalá tarde o temprano esto se solvente sin pérdidas.

Yo tengo el cien por cien en overdue, absolutamente todos.

Yo también tengo la mayoría en 'overdue'. Me parece que a parte de los problemas normales que están sufriendo todas las plataformas, con los prestamos polacos hay un problema en particular, porque creo que han legislado por el Coronavirus el tema de los créditos poniendo topes y moratorias. De hecho en la plataforma ahora se puede invertir en préstamos daneses y suecos que antes no estaban disponibles.

Información sobre Polonia, enviada por Bondster:

Polish authorities will most probably imply interest caps on consumer loan interest rates and a 45% annual non-interest rate. Polish Association of Loan Institutions issued recommendations concerning how companies should act in this difficult time of COVID-19 pandemic. These include extensions of loans for a necessary period of time, according to the borrower’s situation, which will be individually evaluated on the basis of documents provided in the application for extension and updating of scoring models while taking into account the current situation. Most companies have already stopped issuing new loans. Also, many market participants expect credit holidays to be implemented. However, the interest rate caps amendment has passed it has not been signed by the president yet. Local providers operating on Bondster Marketplace in response to these recommendations have started cutting costs and accumulating cash reserves. As a result of the adjustment of the scoring model, providers now focus on lending only to existing clients with sufficient income.