baz657
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Post by baz657 on May 8, 2018 17:19:05 GMT
#5327 UK **** should have completed on 4th May and is currently (and has been for a few days) showing as payment in process. Is this normal for ArchOver?
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mary
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Post by mary on May 8, 2018 18:09:41 GMT
#5327 UK **** should have completed on 4th May and is currently (and has been for a few days) showing as payment in process. Is this normal for ArchOver? No, usually capital is returned the day after completion in my experience. One of my bugbears with ArchOver is the lack of updates that they are keeping check on each loan, either you get interest or there's suddenly an email notification of a complete default.
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baz657
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Post by baz657 on May 9, 2018 15:10:39 GMT
Better late then defaulted...
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IFISAcava
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Post by IFISAcava on Jun 8, 2018 10:07:10 GMT
#5213 is late too now - was due to end 4th June...
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IFISAcava
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Post by IFISAcava on Jun 8, 2018 10:14:45 GMT
#5213 is late too now - was due to end 4th June... Actually, account says it was paid on 6th June (just not in my bank account yet) so probably false alarm.
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Steerpike
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Post by Steerpike on Jun 8, 2018 15:41:36 GMT
#5213 is late too now - was due to end 4th June... Just repaid
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IFISAcava
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Post by IFISAcava on Jun 8, 2018 15:44:47 GMT
#5213 is late too now - was due to end 4th June... Just repaid Indeed - email just received
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Post by hugoarchover on Jun 11, 2018 12:31:54 GMT
Hi,
We had some issues with Direct Debit last week which caused some minor delays to interest payments and two capital repayments.
We are always happy to answer any queries and in future will look to provide a project wide update if a delay is looking likely.
ArchOver will always try and ensure that interest and capital re/payments are made on the day they fall due - by definition however no payment is late until 14 days has passed. A borrower has 14 days to remedy an overdue payment before it classifies as late and a default.
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