What are the debt collection costs?
Why are the debt servicing costs deducted from my repayments and not the borrower?
The collection fees that we or any other lender, agency, or court can charge a borrower are capped by law, meaning we cannot charge them the total amount. The fees collected from a borrower reduces the write-off and increases your cash flow.
When are the debt servicing costs deducted?
Generally speaking the costs are deducted when the payment is made to your Bondora account. From the Reports section you can see the amount received and the deductions made from the specific loan.
How can I calculate my overall Debt Servicing Costs?