What are the risks related to recovery of outstanding debt?

Various economic trends and potential changes in legislation may lead to an increase in the number of consumers who are subject to personal insolvency procedures. In such circumstances, personal assets may be sold to repay creditors; however, loans issued by Bondora are unsecured and Bondora is frequently unable to collect on such loans. 

Bondora’s ability to successfully collect on its loans may decline amid an increase in personal insolvency procedures or a change in insolvency laws, regulations, practices or procedures, which may have a material adverse effect on its business, financial condition, operational results or prospects, or cash flow.

Bondora is very knowledgeable about Estonian, Finnish and Spanish insolvency procedures and requirements; it takes appropriate measures to ensure compliance with applicable laws and regulations.