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Post by birdie on Jun 9, 2022 6:30:39 GMT
Mul**co isn't looking good, after just one payment the dept recovery department have been sent in.
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Post by Ace on Jun 9, 2022 7:27:15 GMT
Indeed. At least Q seem to be acting quickly. Hopefully, it's just a case of needing to give the borrower a stern warning of their responsibilities at this stage.
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Greenwood2
Member of DD Central
Posts: 4,241
Likes: 2,686
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Post by Greenwood2 on Jun 9, 2022 7:54:33 GMT
Seems a bit aggressive, it's only a few days late and over a long bank holiday weekend, and the collection agency fee is coming off our next payment. I hope that will be added to the loan eventually assuming it gets back on track. I wonder if they asked why it was late before sending in the troops.
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Post by Ace on Jun 9, 2022 8:21:31 GMT
Seems a bit aggressive, it's only a few days late and over a long bank holiday weekend, and the collection agency fee is coming off our next payment. I hope that will be added to the loan eventually assuming it gets back on track. I wonder if they asked why it was late before sending in the troops. I assumed that the collection fee would be added to the due payment, thus no net effect to lenders if paid.
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mcfc
I’m invested in Qardus, Loanpad, Proplend, and Crowproperty
Posts: 91
Likes: 61
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Post by mcfc on Jun 9, 2022 10:02:11 GMT
I’m disappointed that after just one repayment this loan appears , already to be turning bad. Hopefully it is simply a case of an oversight given the long bank holiday weekend, but I am very pleased to note the rapid re action being taken, which should hopefully set the standards for any future problematic payee’s.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 998
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Post by dave4 on Jun 10, 2022 18:19:52 GMT
I asked......
Q. "regarding the late repayment on the mul**co loan. Has there been any communication attempted before a 3rd party debt recovery was engaged?. As this is the first time a payment issue has occurred i am interested in the Q process in this matter. Thanks.
A.Thanks for the email. Qardus will make contact with the debtor immediately if payment is overdue. We contact the SME via phone/ emails and also send a letter including details of any Late Penalty Fees. If payment is still not paid, Qardus then instructs our debt collection partner to collect the payment."
All the best,
Qardus Team
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mcfc
I’m invested in Qardus, Loanpad, Proplend, and Crowproperty
Posts: 91
Likes: 61
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Post by mcfc on Jun 15, 2022 15:11:50 GMT
Not seen any activity relating to recovery of the owed monies here. Anyone have any idea how the recovery is progressing. ?
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Post by Ace on Jun 15, 2022 15:16:16 GMT
Not seen any activity relating to recovery of the owed monies here. Anyone have any idea how the recovery is progressing. ? It's not a good sign that M*'s website is currently offline. It has the message: "We are currently updating our shop and will be back really soon. Thanks for your patience."
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Post by df on Jun 15, 2022 17:28:55 GMT
Not seen any activity relating to recovery of the owed monies here. Anyone have any idea how the recovery is progressing. ? It's not a good sign that M*'s website is currently offline. It has the message: "We are currently updating our shop and will be back really soon. Thanks for your patience." Combined with still no 2nd repayment, sounds alarming.
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Greenwood2
Member of DD Central
Posts: 4,241
Likes: 2,686
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Post by Greenwood2 on Jun 15, 2022 18:43:16 GMT
I'm assuming a total loss and goodbye to Qardus for me.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,017
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Post by littleoldlady on Jun 15, 2022 19:20:41 GMT
Malwarebytes reports that http://www.m******.com - at least if clicking on the link in the loan details on Q - contains a Trojan Virus. df if you do not have real time protection I advise running a virus scan. |
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,017
Likes: 1,835
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Post by littleoldlady on Jun 15, 2022 19:41:48 GMT
I'm assuming a total loss and goodbye to Qardus for me. A total loss would wipe out about 40% of my accumulated returns. I could just about stand a second total, depending on which loan it was, and still be ahead, so I am not panicking yet. There is a PG for what that is worth.
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mcfc
I’m invested in Qardus, Loanpad, Proplend, and Crowproperty
Posts: 91
Likes: 61
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Post by mcfc on Jun 15, 2022 20:17:57 GMT
Ive just logged into their website and they are reporting the following delivery notice “Delivery Notice,.. Due to a high volume of orders over the bank holiday weekend, our courier service is experiencing a backlog in deliveries. We are working together to ensure that all orders are dispatched and delivered as soon as possible.
Hmm,.. seems business is booming… There’s hope for us yet…
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Post by df on Jun 16, 2022 18:18:56 GMT
I'm assuming a total loss and goodbye to Qardus for me. A total loss would wipe out about 40% of my accumulated returns. I could just about stand a second total, depending on which loan it was, and still be ahead, so I am not panicking yet. There is a PG for what that is worth. Would be worse for me, my profit so far would cover 28% of the loss.
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Post by overthehill on Jun 16, 2022 18:52:16 GMT
The website is up and running and taking orders. I'm expecting an update soon.
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