Mintos set to launch new ‘overdue’ page
Mintos is set to launch a new ‘overdue’ page to improve transparency around overdue payments.
The European peer-to-peer lending marketplace said that the new page will show borrowers a breakdown of their payments that are missing or overdue plus the recovered amounts.
It will replace the current ‘in recovery’ page on Mintos accounts and will be accessed the same way.
Read more: Mintos sees €20m of investments per week in January
“We’re also moving lending companies that have restructured pending payments – currently Creditstar, ID Finance, and IDF Eurasia – to the new page in the coming weeks,” the company said.
“From this date, pending payments will only include payments that are within the usual settlement process and payments that are up to seven days past due. Common reasons for such short delays could be a held-up bank transfer or a payment review by the commercial bank.”
Mintos said customers will have access to background information via the new ‘overdue’ page and more detailed information on cases, as well as its standard reports.
The next update on amounts recovered from the suspended and defaulted lending companies will be published together with the new page, it said.
The ‘overdue’ page launches on 6 March 2023.
Read more: Mintos investors earned €36m in interest last year
Read more: Mintos rolls out French platform