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Why is a write-off done at the end of the schedule?
When a loan has reached the end of its schedule and the final write-off is done, then there is always a reason marked for the write off. Mostly it is due to the fact that the court has reduced the amount of the interest due or the customer has filed for debt restructuring or bankruptcy.
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* Capital at risk. Investments made with Bondora are not guaranteed, nor is the preservation of value invested guaranteed. Please note that the yield achieved in past periods does not guarantee the rate of return in future periods. The yield of the Go & Grow Unlimited tier is up to 4% p.a. The yield for Go & Grow is up to 6.75% p.a. Before deciding to invest, please review our risk statement and consult with a financial advisor if necessary.