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Post by ladywhitenap on May 20, 2020 10:51:15 GMT
The admin notes are flying in faster than I can look at them today! During the first volley of these quite justifiable easing of terms, some borrowers have not even made their revised payments on time. My feeling is that it should be a joint activity between ablrate and the borrowers not only to seek sensible terms but also it behoves ABL to critically assess the borrowers ability to pay and where their income is coming from so that thay can make their payments on time. I sincerely hope that this has been done with this lastest batch from Access ******* as they are still agreeing to quite sizeable repayments. NB Should there be an new admin note for 55? maybe it is still in the ether? LW
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Post by ablrate on May 20, 2020 10:57:41 GMT
The admin notes are flying in faster than I can look at them today! During the first volley of these quite justifiable easing of terms, some borrowers have not even made their revised payments on time. My feeling is that it should be a joint activity between ablrate and the borrowers not only to seek sensible terms but also it behoves ABL to critically assess the borrowers ability to pay and where their income is coming from so that that can make their payments on time. I sincerely hope that this has been done with this lastest batch from Access ******* as they are still agreeing to quite sizeable repayments. NB Should there be an new admin note for 55? maybe it is still in the ether? LW We have spoken extensively with borrowers and chase all payments. It would be quite easy to say 'no payments' until its all over, which is what some borrowers would obviously prefer, but we are stringent on them making payments where they can and if some cash flow juggling has to be made and payments are late then we have to take that as part of the pain of this period of time.
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