Published on: 16 September, 2021

Updated: 23 November, 2022

Yes you can cancel any loan made on our platform.

For loans that have not yet been signed and are still in the pending phase, either the Lender or Borrower can cancel the entirety of the loan and invalidate the entire process.

For active loans, both the Lender and the Borrower will have to come to a mutual agreement on canceling the loan.

If both parties have agreed to forgive and cancel unpaid debt, you may need to report this event on your taxes. Please consult your local tax code for advice on this matter.

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