Steerpike
Member of DD Central
Posts: 1,959
Likes: 1,680
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Post by Steerpike on Jun 25, 2018 8:11:18 GMT
Something has changed, clicking on 'Trade' for this loan now results in an error page.
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Post by dan1 on Jun 26, 2018 11:56:17 GMT
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Post by huddlecapital on Jun 26, 2018 15:23:43 GMT
Dear All Whilst the above loan is 11 days in arrears, we have been, and remain, in full contact with the borrower throughout.
We have been assured of payment in full by tomorrow.
Should this not happen then our legal team are on stand-by to issue proceedings immediately.
We will keep you up to date over the coming days, and thank you in advance for your patience.
Huddle Capital
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Post by dan1 on Jun 26, 2018 15:39:30 GMT
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Post by huddlecapital on Jun 29, 2018 15:23:09 GMT
Dear Lenders
We are pleased to tell you that loan number 1000063 has now paid in full and the loan is back 100% performing.
We feel it is important to say that, whilst many would see it as a statement of the obvious, lenders need to appreciate that borrowers paying 16% on their loans do so for a reason! Lenders need to expect twists and turns along the way if they wish to participate in loans that can provide higher yields.
Huddle Capital conduct thorough due diligence and only present loans to our customers that we would happily invest our own funds in. But sometimes there are problems! We act swiftly and aggressively to combat this. We are pleased to say that in this instance our procedures have worked.
Regards
Team Huddle
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Steerpike
Member of DD Central
Posts: 1,959
Likes: 1,680
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Post by Steerpike on Jun 29, 2018 16:36:46 GMT
huddlecapital thank you for the update, will secondary market trading be re-enabled for this loan?
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Steerpike
Member of DD Central
Posts: 1,959
Likes: 1,680
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Post by Steerpike on Oct 2, 2018 11:01:05 GMT
The final payment on this loan was due on the 15th September but it remains in arrears and there has been no update. Most of the repayments on this loan were late but this one is more overdue than most, is there a problem or perhaps there is a delay related to closing the loan huddlecapital ?
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dh1
Member of DD Central
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Likes: 382
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Post by dh1 on Oct 2, 2018 18:03:24 GMT
Now repaid.
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