Sometimes, for various reasons, borrowers can be late paying their monthly interest.
If this happens, we may, at our discretion, pay interest to investors on behalf of the offending borrower. If two monthly payments are missed by the borrower, then easyMoney will categorise the loan as being in default.
We will work with the borrower to recover any missed payments and to obtain repayment of the loan. As a last resort we will repossess and sell the property.