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What happens if one of my loans is written off?
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Loans that are written off as uncollectable are offered for sale at an auction to a selected group of debt collection companies that are in the business of purchasing defaulted loans. Since you were the owner of the loan, you will receive all of the proceeds from the sale of your loan to a debt buyer. Because the debt is already fairly old by the time it reaches the debt buyer, you should not expect to receive much of your original investment in return for the outstanding debt.

If a defaulting borrower is a member of a group with less than 100% shared group leader rewards, any earned but unpaid group leader rewards will be paid out to lenders at the time of default.
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