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Post by jonathan on Nov 26, 2018 10:49:22 GMT
Hi, I had a loan with its "risk band removed" go back to live after payments started again. When will the risk band change back to a letter? (So I can sell it)
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aj
Member of DD Central
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Post by aj on Nov 26, 2018 11:32:41 GMT
AFAIK the risk band is usually removed due to financial issues with a borrower (Not just late payments). I have not seen a risk band restored before. This is to stop lenders selling at the first sign of trouble.
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dawn
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Post by dawn on Nov 26, 2018 11:50:19 GMT
I have had risk bands re-instated for a few loans - usually when a CCJ has been resolved but it can be for other reasons. It is likely to depend on why it was removed in the first place. Most, however, stay downgraded once the risk band has been removed.
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corto
Member of DD Central
one-syllabistic
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Post by corto on Nov 26, 2018 14:02:41 GMT
I have a loan like this too, maybe the same one?
The comments say the risk band will never be reinstated.
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