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How does SCP define and track defaults?

At Southern Cross Partners, we closely monitor loan performance to protect your investment. A loan is considered in default when a borrower is behind on payments, in arrears, or has not repaid their loan by the agreed maturity date.

We track three key categories:

  • Arrears: Loans with payments overdue by 30 days or more.
  • Expired Loans: Loans that have passed their maturity date by 30 days or more.
  • Hardship: Loans where borrowers have applied for legal hardship relief, which may temporarily alter repayment terms.

It’s important to note that past performance does not guarantee future outcomes, and we remain vigilant in managing risk.

If you’d like to know whether we currently have any loans in these categories, click here. We’re committed to transparency and happy to provide up-to-date information.