What kind of guarantee do I have in case a borrower stops paying its credit?

There is no guarantee stricto sensu. But Klear is doing its best to minimize the credit risk.

• The team in Klear has an extensive experience in Risk Management and proven track record in Bulgaria as well as in other countries. We use a bespoke credit scoring system to filter the applications and finance only the prime customers.
  
  
• We encourage you to diversify your portfolio and to split your money in many borrowers. This way, in case one does not pay, part of the interest received on the other loans is covering the loss of the delinquent one.
  
  
• We do our best to collect payments in delay. We contact the borrowers in delay through all the possible channels and try to find a sustainable solution if they face a temporary difficult situation.