If you’re unable to repay your loan due to financial difficulties or other personal circumstances, or you choose not to repay your loan, your loan will first fall into arrears, and then into default. If your loan falls into default, we’ll begin our legal process to retrieve your outstanding loan balance, which is enforceable in 150 countries.
We’ll begin our legal enforcement process through arbitration. However, if the amount in dispute is below a certain level, then proceedings will commence in court.
If you’re experiencing financial difficulties, or you’re unable to repay your loan, please let us know immediately by emailing email@example.com and we’ll work with you to try to find a solution.