markyg61
Member of DD Central
Posts: 340
Likes: 237
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Post by markyg61 on Oct 7, 2021 9:30:43 GMT
for info.
I was messaged about a loan that is due to be renewed and wondered about the automatic rollover that used to be in operation. It seems it is no more
"Hi *******
Thank you for your message
Although we used to offer direct rollovers into new loans on the same project, we no longer offer this.
The project will launch on the platform as usual where you will have a chance to invest.
Kind regards
****** "
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Post by Ace on Oct 7, 2021 9:52:58 GMT
for info.
I was messaged about a loan that is due to be renewed and wondered about the automatic rollover that used to be in operation. It seems it is no more
"Hi *******
Thank you for your message
Although we used to offer direct rollovers into new loans on the same project, we no longer offer this.
The project will launch on the platform as usual where you will have a chance to invest.
Kind regards
****** "
Yes, it's a shame, but I guess they decided it wasn't worth the extra hassle for them. Its easier for them to just handle it as a new project since they have to do that anyway, as not everyone would roll over. They must have weighed it up against alienating lenders and decided that it wasn't worth it for them since they have far more lender cash wanting in than they can handle.
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