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Post by oppsididitagain on Oct 15, 2017 20:38:43 GMT
So Rebs another loan that owe's over 200 days of interest.
As you seem to monitor this forum and don't reply to investors questions via the loan forum on your own site, can you please tell us what is going on with this loan and when we expect another payment from the company please ?
Thanks in advance
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adrian77
Member of DD Central
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Post by adrian77 on Oct 16, 2017 16:38:28 GMT
REBS have updated the borrowers on this one - part of their communication is above - I think the legal terminology based on the Latin would be "we've been stuffed as he has done a runner".
Not looking good is it....
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adrian77
Member of DD Central
Posts: 3,895
Likes: 4,122
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Post by adrian77 on Oct 16, 2017 17:07:46 GMT
if anybody wants the full communication then please PM me
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Post by michaelrebs on Oct 27, 2017 14:06:52 GMT
Hi All,
This is a loan which defaulted and is thus currently being recovered through our enforcement process.
Although we have to date recovered most of the capital outstanding, the final repayment was not made by the debtor.
We are still attempting to recover this payment and the additional interest on behalf of our lenders.
As the amount outstanding is less than £5,000, our options are more limited in terms of insolvency proceedings to recover the sum. However our recovery team and external agents are continuing legal action and hope to have a positive update in this regard in the near future regarding a claim against the individual and the company.
As usual all lenders holding capital on the loan will be kept updated to any material developments via our weekly default update emails.
Thanks,
Michael
The ReBS Team
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Post by dodgeydave on Oct 28, 2017 3:33:50 GMT
michaelrebsSo Sherlock it took just over 3 months since your last update to tell us the obvious. When will this loan be moved from " my loans " on the dashboard , to Est loss with a zero chance of recovery . Weekly update emails ? Could you tell me when the last one was ?
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