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Post by Reged on May 24, 2016 9:28:12 GMT
My last five repayments have still not turned up. Add another that looks like its going belly up and you don't have a very pretty picture right now.
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Post by dodgeydave on May 24, 2016 10:17:20 GMT
Vote with your feet then.
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ben
Posts: 2,020
Likes: 589
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Post by ben on May 24, 2016 10:39:26 GMT
My last five repayments have still not turned up. Add another that looks like its going belly up and you don't have a very pretty picture right now. how long over due are they? I would probably look at tying to sell what you can I think that what most people on here have done and accept a small loss
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Post by rebsrep on May 24, 2016 10:59:07 GMT
My last five repayments have still not turned up. Add another that looks like its going belly up and you don't have a very pretty picture right now. As we've said to you before, please pm me with your rebs user ID and we can investigate your account for you. Without knowing your rebs user ID I can't check and help.
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Post by Reged on May 24, 2016 11:47:23 GMT
Message despatched
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Post by rebsrep on May 24, 2016 13:24:26 GMT
We have carried out a review of your account and I have specifically asked for updates on the loans you have pointed out by pm. May I please just clarify that a loan is not marked as late until it it is at least 3 days overdue, this being said we start chasing a borrower after the loan is one business day overdue. Of the loans on your portfolio, only 4 are currently ‘overdue’, these being L** J***, I***d***gn, Alb***y and A** N**S. I can see that you have 46 current loans, all but two can currently be sold on the secondary market, only one of which has been or is a ‘recovering loan’. I can see that your estimate loss (i.e. loans in recovery management) is currently £0 and that you have not, to date, suffered any bad debt. Of your 46 active loans, only 4 have ever had a late repayment, 2 are yet to make their first repayment as newly completed loans and 40 of the loans have had a flawless repayment history. Therefore, 86% of your portfolio have performed exactly to their loan agreement with you. Of the 5 loans that you have highlighted as a concern, 4 have had perfect repayment histories and one is a recovering loan. Updates on the action being taken to bring these accounts up to date, had already been posted on the relevant Loan updates tabs for each, which can be easily viewed from your lender dashboard. As an investor on rebuildingsociety.com you have decided to support UK SME’s. From time to time businesses may experience cashflow difficulties or small changes in their business markets which may have a knock on impact on their ability to make timely repayments to their creditors. Whilst understanding the challenges small businesses face, rebuildingsociety.com takes late repayments seriously which is demonstrated by the fact that we instruct professional external debt recovery agents to chase up the repayments as soon as they are one business day overdue, and by the way in which we seek to keep investors as informed as possible with the progress our agents are making. Late repayments by borrowers can be distressing, but from time to time, late payments will occur, most are brought up to date within less than ten days of their repayment date. Should you wish to find out more about our late repayments and debt collections process please visit www.rebuildingsociety.com/invest/loan-repayment-recovery/
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