Home Peer to Peer Lending How overdue funds work | Mintos Weblog

How overdue funds work | Mintos Weblog

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How overdue funds work | Mintos Weblog

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Overdue momentary instances occur when funds are delayed greater than 7 days throughout the common settlement course of however should not thought of ongoing instances. This could happen when the lending firm has collected the cash from the debtors, nonetheless, fee processing has been delayed because of causes exterior the lending firm’s and Mintos’ management.

Delayed fee processing may very well be because of diligence checks, that are a collection of economic checks with the purpose of stopping cash laundering and different illicit actions. Delayed fee processing may be because of forex management checks, that are government-imposed limits on the acquisition and/or sale of currencies.

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