# Borrower Risks

1. **Insufficient funds to repay a loan leading to loss of collateral (NFT)**
   * We encourage Borrowers to only borrow an amount that can be repaid comfortably.
   * Please have a plan to ensure that you have the necessary capital to repay your loan.
   * A cycle of taking out additional loans to pay off previous ones can spiral out of control and may not be dependable, given a peer will have to fund a new loan for you each time, which is not guaranteed.
2. **Borrower forgets to repay before loan maturity**
   * We require an email address to be saved to your user profile to ensure that our reminders and notifications are received by Borrowers.
   * Subject to any technical issues, we will send several notifications before a loan's maturity.
   * Please always monitor your outstanding loans and do not solely rely on Flowty's notifications.
3. **Borrower loses access to an account with outstanding loans**
   * During the listing process, Borrowers can opt in for Auto Repayment, which will automatically repay a loan for you if you have a sufficient balance in your wallet at loan expiration.
   * We advise all users to create an account backup plan to ensure access to their account under any scenario.
   * Blocto is a user-friendly wallet, but there are certainly situations in which individuals can lose access to their wallet.
   * Have a contingency plan with a trusted friend or family member should you lose access to your wallet
4. **Technical or logistical issues that prevent timely repayment (resulting in a default and a loss of collateral)**
   * During the listing process, Borrowers can opt in for Auto Repayment, which will automatically repay a loan for you if you have a sufficient balance in your wallet at loan expiration.
   * We highly recommend that Borrowers pay back loans as soon as they have the means to do so.
   * Many of the risks that we have outlined can be avoided by not waiting until the last minute to repay a loan.
   * To the extent possible, we will provide advanced notice for any events affecting the Marketplace, including but not limited to: issues with Flow blockchain, Blocto, or the Flowty platform.
5. **Unanticipated need to have the NFT in your wallet during the loan term (TopShot Challenge, Airdrops, Community Events, etc)**
   * We encourage careful planning to ensure the NFT will not be needed during a loan.
   * Should there be an unexpected need to regain control of your NFT, repaying the loan early is the only way to reclaim your NFT
   * Please note that repaying a loan early will not reduce the interest owed to the Lender.


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