All Collections
Lender FAQs
Are the fees I pay Harmoney tax deductible?Tax considerations for lenders
How often is my personal realised annual return (RAR) figure updated?Realised annual return (RAR)
How long does it take for a borrower payment to show up in my account?Repayments to lenders
Why is my account showing a negative cash balance?Cash balance showing on the lender dashboard
Does Harmoney use rounding when displaying payments?Lender dashboard and portal, borrower repayments
What is realised annual return (RAR)?
What does it mean when i have a loan in “arrears”?
How does Harmoney assess the credit risk of borrowers?
What are the risks?
What is the unfunded amount on Payment Protect loans?
Why does the arrears amount shown in the reports section not match the loan status?
What happens if a borrower repays early?
Where can I learn more about Payment Protect?
What happens in the event of my death?
What happens in the event of a borrower's death?
Does Harmoney collect on my behalf or do I have to do my own collections?
Where can I learn more about Payment Protect?
Do funds in Harmoney's trust account earn interest?
Do lenders earn the compound interest charged on overdue loan repayments?
What happens if Harmoney goes bankrupt?
What is a charged off loan? collections process