What happens if the borrower defaults or is late on their payment?

If the borrower defaults or is late in fulfilling their payment commitments, the Sweeper Fund (subject to fund availability) will provide temporary liquidity so that you will still receive your funds on time. The Sweeper Fund is a kind of overdraft protection to provide automatic short-term funds.

Please refer to the Terms of Service for the full policy details when you default on a loan (Events of a Borrower Default). 

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