michaelc
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Post by michaelc on Nov 30, 2018 18:38:18 GMT
One of the updates for one of the loans (1201) said this:
"they have maintained their account and and made a substantial part redemption"
Does it mean anything that they have maintained their account? I mean I didn't realise the borrowers made monthly repayments?
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Greenwood2
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Post by Greenwood2 on Nov 30, 2018 19:28:53 GMT
One of the updates for one of the loans (1201) said this: "they have maintained their account and and made a substantial part redemption"Does it mean anything that they have maintained their account? I mean I didn't realise the borrowers made monthly repayments? Not in this loan, usually interest repayments monthly, I have had a (late) loan with sporadic capital repayment, all received after a while.
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michaelc
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Post by michaelc on Nov 30, 2018 20:24:34 GMT
Thanks for the reply and sorry I should have said I'm not in it either. I thought the monthly amount we receive was paid upfront out of the loan but I could easily be wrong? I guess I should really know this !
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