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Post by crabbyoldgit on Apr 23, 2024 12:52:37 GMT
So I am getting a bit anti loan extensions. The loans know when the term ends , they know they are not going to have finished their project or need a new loan and they must know AC retail is not in the business of new loans. So why have they not got on with it and arranged a new loan in good time, ok in the present market it's likely a new loan later down the road maybe at a lower interest rate than available now and twiddling thumbs for a bit may seem good business practice . However why is the AC instructional side not picking these up, or are the the loans such rubbish they will not touch them with a barge pole. About a month ago I expected about 15 of my loans would come to term , two have payed up, it's not good enough. One of the loans cannot remember which, had a loan offer but walked away to start a search for a new lender, what!! Sorry rant over.
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Post by gramsky on Apr 23, 2024 14:44:57 GMT
So I am getting a bit anti loan extensions. The loans know when the term ends , they know they are not going to have finished their project or need a new loan and they must know AC retail is not in the business of new loans. So why have they not got on with it and arranged a new loan in good time, ok in the present market it's likely a new loan later down the road maybe at a lower interest rate than available now and twiddling thumbs for a bit may seem good business practice . However why is the AC instructional side not picking these up, or are the the loans such rubbish they will not touch them with a barge pole. About a month ago I expected about 15 of my loans would come to term , two have payed up, it's not good enough. One of the loans cannot remember which, had a loan offer but walked away to start a search for a new lender, what!! Sorry rant over. You are lucky that your loans have any chance of paying off at all.
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rscal
Posts: 985
Likes: 537
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Post by rscal on Apr 23, 2024 15:39:13 GMT
I noticed that #1430 has 3/36 months remaining and put in a request for an update concerning repayment arrangements after the most recent AC update said literally nothing about the approach of the end of the loan. [13th April + 2 weeks = 27th for expected reply]
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