arby
Member of DD Central
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Post by arby on Jul 8, 2020 11:14:24 GMT
Regarding the farm/cow loan, it seems the personal circumstances currently delaying redemption are more serious than any of us would ever wish on someone. Is it possible to somehow forego my portion of any redemption demand? Or would it only work to get the eventual repayment and then to give it back? But that still leaves the borrower trying to raise finance to repay the loan at a time when it is surely the last thing for them to be concerned with. Any ideas from those smarter than me?
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Post by investor1925 on Jul 8, 2020 12:17:16 GMT
You can do this on Funding Circle, just by asking them to forgive the debt. I did it on one of my accounts that only had about £30 left in 2 defaulted loans.
The complicated thing here is that FC are in administration so it's not up to FC any more.
The only way to find out is to ask them.
Ha - just read my post again & it should read FS in administration, not FC
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cwah
Member of DD Central
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Post by cwah on Jul 9, 2020 9:32:37 GMT
Could that be a plot or just excuse that many do have? What's the circomstance?
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Post by Ton ⓉⓞⓃ on Jul 9, 2020 13:51:40 GMT
You can do this on Funding Circle, just by asking them to forgive the debt. I did it on one of my accounts that only had about £30 left in 2 defaulted loans. The complicated thing here is that FC are in administration so it's not up to FC any more. The only way to find out is to ask them.
I take it you mean FS not FC?
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