We are thrilled to update you on the significant progress made by Creditstar Group regarding continued efforts in settling Pending Payments. Many of you have noticed a steady movement of Pending Payments within your investor accounts, which reflects the overall reimbursement progress made by the Loan Originator.
Significant improvement in Pending Payments settlements
Creditstar Group demonstrates notable strides in settling Pending Payments, showcasing commitment to investors. Creditstar Group has already released over 30% of Pending Payments to Lendermarket investors and is dedicated to continuing their efforts.
Creditstar Group has maintained a steady stream of payments into the new year, ensuring that Lendermarket investors receive reimbursement not only of their principal amounts and accrued interest, but also of the earned Pending Payments interest at an annual return rate of 18%.
Aligning with Commitments
The progress aligns with the objectives outlined in the Creditstar group statement, reaffirming their commitment to Lendermarket investors as communicated by Aaro Soosar in August 2023. Aaro Soosar stated, “Creditstar is currently experiencing delays in the weekly settlements sent to Lendermarket for pending payments due to increased lending demand, larger repayments to other investors, and some delays in receiving funds from various sources. However, this is temporary, and we are actively working to resume our regular settlement schedule on a weekly basis. In the interim, Creditstar has undertaken to ensure that investors’ pending payment balances accrue interest at a rate of 18% per annum. We appreciate your understanding during this period.”
Earning 18% Annually Until Funds Reach Your Account
It’s important to emphasize that investors continue to earn 18% of interest annually on Pending Payments exceeding the 10-day grace period. Even though investments in loans do not guarantee instant access to funds, Lendermarket investors keep earning attractive returns until funds reach available balance. Moreover, you can always reinvest Pending Payments manually or using our Auto Invest tool.
The Lendermarket team remains committed to working closely with Creditstar Group to expedite Pending Payments releases, ensuring a consistent flow of payments in the future. Should you have any inquiries or require assistance, please do not hesitate to contact us. For prompt assistance, we encourage you to refer to our frequently asked questions section.