What the results are if Faircent shuts down?
Faircent has appointed an administrator that is independent IDBI Trusteeship Services Limited (ITSL) to manage your (along with other clients) escrow account. This will not affect your money in the event of Faircents assets being harmed or the company going into liquidation. This nevertheless belongs for your requirements. For the money that’s been lent, ITSL continues to receive re-payments from borrowers and circulate the payments that are collected the lenders. Continue reading →