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Post by oppsididitagain on Sept 28, 2017 8:28:07 GMT
Hi ReBS
What is going on with loan, its been a year since a payment - yes a whole year - the loan has not been defaulted, and the last update we had in May 2017 was the borrower was selling his house to redeem the loan.
No one seems to be answering any questions on the Loan Tab, so maybe this is a better place to ask and respond to lenders queries and frustrations
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trevor
Member of DD Central
Posts: 555 
Likes: 379
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Post by trevor on Sept 28, 2017 17:43:44 GMT
Don't hold your breath
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Post by kylierebsoc on Sept 29, 2017 17:10:23 GMT
Hi Oopsididitagain,
I have asked the recovery team to look into this as a priority first thing on Monday.
I will be unable to post a response here next week, but I will ensure that a member of the team addresses the questions on the forum.
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Post by May@ReBS on Oct 3, 2017 10:14:26 GMT
Good morning everyone. I can confirm that an update on this loan was posted on the Loan Updates yesterday, Monday 2nd October. Thanks.
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Post by oppsididitagain on Oct 9, 2017 12:57:30 GMT
thanks for the update ReBS, I do wonder what, if anything, would have been done if us the community hadn't reminded you that this loan is over 1 year without a payment.
It also worries me how proactive you are in chasing all the other outstanding debt on your books.
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Post by oppsididitagain on Nov 8, 2017 14:30:34 GMT
You tell us the borrower is now in full time employment and you were arranging a meeting to discuss the repayments??
So one month on, what is going on?
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Post by kylierebsoc on Nov 21, 2017 15:45:21 GMT
Afternoon,
I have spoken to the recoveries team, they will be sending out a full update on this loan tomorrow, if not by the end of the week.
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adrian77
Member of DD Central
Posts: 3,895
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Post by adrian77 on Nov 23, 2017 17:33:02 GMT
I am in this loan - when I log onto the site it is extremely slow but no sign of yet of the update. I just don't understand why the last payment was August 2016.
Until Rebs convince me they are effectively dealing with such loans my wallet is firmly closed for future investments with them
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Post by kylierebsoc on Nov 24, 2017 10:49:49 GMT
I am in this loan - when I log onto the site it is extremely slow but no sign of yet of the update. I just don't understand why the last payment was August 2016. Until Rebs convince me they are effectively dealing with such loans my wallet is firmly closed for future investments with them Morning, An update was sent directly to lenders on Wednesday. If you have not received this email, please email support@rebuildingsociety.com. The update has also now been posted on the loan profile, on the 'Updates Tab'.
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7d7
Member of DD Central
Posts: 134
Likes: 205
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Post by 7d7 on Nov 24, 2017 11:41:52 GMT
It's all reactive rather than proactive. Not impressed. Will we ever see remarkable improvement from Rebs? I doubt it.
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seb8072
Member of DD Central
Posts: 177
Likes: 99
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Post by seb8072 on Mar 30, 2018 8:53:25 GMT
May@ReBS kylierebsoc or whoever, the last update was posted on 24 November which concluded: "We will be continuing to discuss these matters with Mr F in the coming days and we hope to have a further update in this regards once we have confirmed the final payment." What happened? Is there really any chance of this loan being repaid or should we just accept it as yet another "bad debt".
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Post by oppsididitagain on May 15, 2018 8:45:06 GMT
please can someone at ReBS update us on this loan
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seb8072
Member of DD Central
Posts: 177
Likes: 99
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Post by seb8072 on May 15, 2018 10:17:33 GMT
The last repayment on this loan was 648 days ago and the last update 172 days ago, since then we have had nothing. Are we going to get an update or is it situation normal?
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Post by rb5286 on May 16, 2018 14:27:40 GMT
The last repayment on this loan was 648 days ago and the last update 172 days ago, since then we have had nothing. Are we going to get an update or is it situation normal? Completely normal for rebs. They should be closed down by the FCA.
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Post by oppsididitagain on May 16, 2018 20:55:26 GMT
Agreed RB , I've sent a complaint to the FCA.
After reading the report from Michael today, its amazing that ReBS charge the clients fee's which in turn could compromise if the lenders get their money back.
Also they state :
Once negotiations have concluded, his repayment offer will be presented to lenders to vote on in order to determine acceptance.
It has been made clear to Mr Forman that should an acceptable offer not be received, then we will be forced to proceed with enforcement and our solicitors remain prepared to resume insolvency action to recover the debt via bankruptcy.
This should have been done 18 months ago !!!
Appalling and pathetic by ReBS, who clearly are NOT looking after our best interests
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