In addition to the loans already being financed on Mintos issued by Creditstar in Poland, Spain and the Czech Republic, Creditstar now offers the opportunity to invest in consumer loans issued in Finland as well.
Creditstar Group was established in 2006 and provides consumer financial services in Europe. Creditstar is headquartered in Estonia, where the company is one of the largest providers of online credit. The company has gained the trust of more than half a million registered users in eight countries across Europe.
Creditstar loans issued in Finland range from EUR 50 to EUR 2 000 with a repayment period of one to 12 months. The average annual net return for Mintos investors is expected to be 11%.
The loans are secured with a buyback guarantee if they are delinquent for more than 60 days. The obligations of Creditstar in Finland are guaranteed by Creditstar Group. To retain its skin in the game, the company will keep at least 5% of each loan on the Mintos marketplace on its balance sheet.
Creditstar Group has a strong equity position, with more than EUR 13 million in equity and EUR 58 million in assets. The company has also delivered consistent profitability every year since its inception in 2006. The aggregate net loan portfolio of Creditstar Group was EUR 52 million as of June 2017.
Creditstar Group puts a strong emphasis on responsible lending policies and high-quality customer service. The typical Creditstar customer is an active, young male, 26-35 years old, living in a small town. The company has a strict credit policy with only approximately 30% of applications accepted. Debt collection companies are involved in the recovery of non-performing loans.
Creditstar Finland was founded in 2009. Since then, the company has attracted over 50 000 registered users.
Creditstar Group started its collaboration with Mintos in August 2016. Since then about 6 000 investments per week have been made in Creditstar loans issued in Poland, Czech Republic and Spain. In total, Creditstar loans worth around EUR 13 million have been funded through the Mintos marketplace.
If you use Auto Invest on Mintos and want to invest in Creditstar loans issued in Finland, make sure to adjust your Auto Invest settings accordingly. Use this exciting opportunity to invest in Creditstar loans from Finland!