keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 4,594
Likes: 2,624
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Post by keitha on Jun 26, 2019 8:44:29 GMT
anyone else getting ticked off that this loan constantly is running 3 months late, was taken out in October 2018, and for me to borrow an amount equal to 5 years profits...
also to me the purpose of the loan to cover overrun of cost of a refurbishment hows about they should've cut back on spending before it hit that sort of level
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Stonk
Stonking
Posts: 735 
Likes: 658
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Post by Stonk on Jun 26, 2019 23:52:04 GMT
anyone else getting ticked off that this loan constantly is running 3 months late, was taken out in October 2018, and for me to borrow an amount equal to 5 years profits... also to me the purpose of the loan to cover overrun of cost of a refurbishment hows about they should've cut back on spending before it hit that sort of level
I don't mind at all if a loan is running 3 months late. As long as it's paying a month's money once a month, then it will repay in full -- just 3 months later than intended. I'd certainly prefer that to a loan that stops paying!
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 4,594
Likes: 2,624
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Post by keitha on Oct 28, 2019 21:00:43 GMT
So they stopped paying after 7 payments
guarantor has agreed a payment plan with FC of 56% of previous payments
I think that means for me 90 months until capital recovered so I'm into FC now until April 2027
still think £300,000 over budget on a refurbishment of a shop is ridiculous
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 4,594
Likes: 2,624
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Post by keitha on Nov 11, 2019 17:42:13 GMT
First payment received !
79 repayments and the capital will be repaid
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