Adding or removing assets

Collateral changes over a loan’s life. Both directions can be handled on a live contract, without waiting for renewal.

Older Barkr documentation said assets could only be added during the renewal period. That is no longer the case — there is a dedicated Add Assets flow on an active contract.

Removing assets

You can request a removal at any time while a contract is active.

1. Open the contract from Contracts in the sidebar.
2. Choose Remove Assets from the action menu (⋮).
3. Select the assets to remove from the valuation table.
4. Review the summary and submit.

A confirmation email follows. Barkr amends the contract, and the total valuation, max payout and fees all adjust to match.

If you have already paid for the period, fees for removed assets are prorated and credited. You are not charged for cover you no longer hold.

Adding assets

Adding is a valuation, so it takes the same path as any other: Barkr has to price the new assets before they can be covered.

1. Open the contract and choose Add Assets from the action menu (⋮).
2. Complete the submission form for the new assets — asset types, number of assets, supporting documents, links and instructions. It is the same form as a new submission; see Submitting assets for pricing.
3. Review the summary and submit.
4. The new assets go through pricing. You will see them move through Under Review and In Progress to Ready.
5. When pricing is ready, open it and Accept — or Reject, which leaves the contract exactly as it was.

On accepting you will see: Amendment Accepted! Thank you for accepting the pricing for the additional assets. The assets have been added to your existing contract and your details have been adjusted accordingly.

There is no term or payment plan to choose — the amendment inherits both from the contract it is joining.

Depreciating assets

Adding GPUs or other depreciating hardware re-runs the depreciation schedule for the contract. That can change the per-year figures, not just the totals. See GPUs and depreciating assets before adding to one of those contracts.

Checking what changed

Every amendment is recorded in the contract’s amendment timeline, with its effect on the totals. That is the authoritative record of what a contract covers today versus what it covered when signed.

When a renewal is the better route

If the loan is also being restructured or extended, a renewal handles the assets and the term in one pass rather than amending now and renewing weeks later. See Renewing a contract.