Post by keitha on Sept 23, 2021 14:59:16 GMT
Suddenly this week 30 of my outstanding loans have the same comment posted
We have agreed a payment plan that will provide the business with a payment break or reduced payments for a period of time. Helping businesses get through challenging trading periods is often the best way to help them generate revenue, and subsequently repay their loans. You can read more about payment plans here: support.fundingcircle.com/hc/en-us/articles/360045336611-Updating-loan-comments
30 in a week this represents 12.5% (1/8) of my live loans
had a quick look at 10 at random
3 are fully up to date .
5 of the others are showing no payments since April or earlier despite 4 of then having an update at the end of June saying a payment plan had been agreed
Surely with a payment plan or break in place it should show in the repayments schedule ie If they agree in June to a payment break till December set the next payment date to December, if it's agreed 6 months at 1/2 payment then show 6 months of lower payments.
Cos I'm starting to think this is a fiddle, If FC agree a 6 Month 1/2 payments then is the interest still accruing and if so are we the lenders being paid it or is it going in FC's coffers the same with breaks is interest accruing and will this be paid to the lenders
We have agreed a payment plan that will provide the business with a payment break or reduced payments for a period of time. Helping businesses get through challenging trading periods is often the best way to help them generate revenue, and subsequently repay their loans. You can read more about payment plans here: support.fundingcircle.com/hc/en-us/articles/360045336611-Updating-loan-comments
30 in a week this represents 12.5% (1/8) of my live loans
had a quick look at 10 at random
3 are fully up to date .
5 of the others are showing no payments since April or earlier despite 4 of then having an update at the end of June saying a payment plan had been agreed
Surely with a payment plan or break in place it should show in the repayments schedule ie If they agree in June to a payment break till December set the next payment date to December, if it's agreed 6 months at 1/2 payment then show 6 months of lower payments.
Cos I'm starting to think this is a fiddle, If FC agree a 6 Month 1/2 payments then is the interest still accruing and if so are we the lenders being paid it or is it going in FC's coffers the same with breaks is interest accruing and will this be paid to the lenders