Post by coop on May 18, 2015 12:00:52 GMT
I've had two loans with new comments today - this one is the more serious of the two:
"The borrower’s direct debit has bounced twice, and consequently May’s payment was not collected on time. We are currently chasing the borrower to make a manual repayment, and will add another comment within the next two weeks if the situation changes. We thank investors for their patience."
And this is from the original application:
"Mr X is an experienced property investor. He has a regular rental income producing circa £300,000 per annum. His property portfolio is worth in the region of £3.7m"
Here's hoping he's just poorly organised and all his mountains of rental income are just in his other (onshore!) bank account.
I should pay more attention to loans where DD fails - there's probably a decent window of time to shift them before FC puts the mockers on.
Good luck to all involved as always!
"The borrower’s direct debit has bounced twice, and consequently May’s payment was not collected on time. We are currently chasing the borrower to make a manual repayment, and will add another comment within the next two weeks if the situation changes. We thank investors for their patience."
And this is from the original application:
"Mr X is an experienced property investor. He has a regular rental income producing circa £300,000 per annum. His property portfolio is worth in the region of £3.7m"
Here's hoping he's just poorly organised and all his mountains of rental income are just in his other (onshore!) bank account.
I should pay more attention to loans where DD fails - there's probably a decent window of time to shift them before FC puts the mockers on.
Good luck to all involved as always!