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Post by anotherinvestor on Oct 19, 2017 16:51:13 GMT
Just wondering how long it takes for a typical loan to be renewed/closed and for interest to be payed?
thank you.
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btc
Member of DD Central
Posts: 193 
Likes: 132
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Post by btc on Oct 20, 2017 10:51:43 GMT
It should be 6 months, but this is fundingsecure. Therefore expectations needed to be lowered to 6 years. |
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bg
Member of DD Central
Posts: 1,368
Likes: 1,929
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Post by bg on Oct 20, 2017 10:59:33 GMT
Just wondering how long it takes for a typical loan to be renewed/closed and for interest to be payed? thank you. For renewals it typically happens within a couple of days of the loan end and this is when the interest is paid.
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Post by martin44 on Oct 20, 2017 11:05:44 GMT
' Ongoing'  |
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rambler
Member of DD Central
Posts: 68
Likes: 11
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Post by rambler on Nov 8, 2017 15:13:47 GMT
How long after the loan 'end date' would you normally expect to hear something?
I understand not to expect prompt payment in all cases but surely I should get either an email from FS or an update on the loan page.
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SteveT
Member of DD Central
Posts: 6,873
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Post by SteveT on Nov 8, 2017 15:21:21 GMT
How long after the loan 'end date' would you normally expect to hear something? I understand not to expect prompt payment in all cases but surely I should get either an email from FS or an update on the loan page. Typically it’s about 7-14 prods from lenders before the first content-free update.
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Post by angrykittens on Nov 8, 2017 15:33:13 GMT
I've now been with FS for just over 6 months and am starting to see the end of term for some loans (decided not to touch the SM at all).
I've started doing a weekly Live chat and asking FS for an update on all of my overdue loans (5 and counting). I get the same old reply mostly "in discussions with borrower" "loan update will be posted when we know" "blah blah"
Keeps me entertained in work for a bit if nothing else...
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Post by portlandbill on Nov 9, 2017 12:49:54 GMT
I've now been with FS for just over 6 months and am starting to see the end of term for some loans (decided not to touch the SM at all). I've started doing a weekly Live chat and asking FS for an update on all of my overdue loans (5 and counting). I get the same old reply mostly "in discussions with borrower" "loan update will be posted when we know" "blah blah" Keeps me entertained in work for a bit if nothing else... My situation and experience exactly.
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markb
Member of DD Central
Posts: 72
Likes: 43
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Post by markb on Nov 9, 2017 13:24:50 GMT
I think that I prefer the silence - it saves the time spent reading each weekly update, which says essentially the same thing as the previous week's update.
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