scooter
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Post by scooter on Jan 28, 2020 14:31:27 GMT
I'd like to start a list if you can help: FC claim that unless stated otherwise they will review recovery payments every 6 months. Unfortunately there is no evidence of this on my loan book.
I have only a small number of recoveries; am I just unlucky? I am interested to know whether anyone else has the same sort of issue or if there are happier stories of competence and communication.
16735 1st review due 23889 full repayments - no need for review 25411 9 reviews missed - twice noted in comments, no comment on outcome ever made. Company active with growing net assets. 28799 2 reviews missed - once noted in comments, no comment on outcome ever made 54941 2 reviews missed - once noted in comments, no comment on outcome ever made 55365 1st review missed 61545 refused to review despite telling them of the lies and deceptions in the accounts
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scooter
Member of DD Central
Posts: 350
Likes: 325
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Post by scooter on Feb 9, 2020 16:49:17 GMT
FC have made the following two comments for loan 55365: Not really what I was hoping for!
21 Jun 2019 "The reduced monthly repayment plan is for 50% of the monthly contractual repayment amount and is due to be reviewed after six monthly repayments have been received. The first repayment as per the new agreement was received earlier this month." 05 Feb 2020 "The Personal Guarantor has entered into a payment plan. This will be reviewed on a six month basis."
A review of the director's other businesses show he is owed £57k repayable on demand which would go a long way to bringing the loan up to date.
Bring it on! Bring it on! .......
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rogerthat
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Post by rogerthat on Apr 30, 2020 15:03:02 GMT
Strange things happening with Loan 1983. Noticed earlier that ive received capital recoveries on this loan for the 3rd time in April..9th, 28th & now 29th Needless to say there's no mention in either Loan Comments or the Repayment Tab or a reduction in outstanding amount 60 month loan now well into its 8th year
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scooter
Member of DD Central
Posts: 350
Likes: 325
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Post by scooter on May 3, 2020 15:19:03 GMT
Reply from Funding circle about loan recovery reviews: "...uploading loan comments is a very manual administration task, and subject to human error unfortunately where by updates are missed or are late. Again, whilst we are not obligated to provide updates to investors surrounding late or delinquent loans, as a business we are always looking at ways to improve this and keep transparency surrounding this. That said, the primary focus of our team is speaking with Businesses and guarantors to get funds back in for the investor base through recovery routes. Where there are no updates to provide on repayment reviews and no change in circumstances, our Collections and Recoveries teams will not provide a loan comment. In the event there is the ability for the guarantor to increase, or unfortunately decrease in some cases, then an update will be provided to reflect this. !
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adrian77
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Post by adrian77 on May 8, 2020 9:44:38 GMT
ridiculous!
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