jo
Member of DD Central
dead
Posts: 741 
Likes: 498
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2324
Jan 31, 2014 17:13:18 GMT
Post by jo on Jan 31, 2014 17:13:18 GMT
T******* T******* C***** Downgraded because they're repaying and relisting.
FC seems to have defaulted it - FTW!
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mikeb
Posts: 1,072
Likes: 472
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2324
Jan 31, 2014 18:03:08 GMT
Post by mikeb on Jan 31, 2014 18:03:08 GMT
T******* T******* C***** Downgraded because they're repaying and relisting. FC seems to have defaulted it - FTW! I don't have this one, so can't see the comments, but in general if a company wishes to re-finance, the old one is downgraded to stop people selling it. Not because of default, but because some poor sap will end up buying it, and then make a loss (due to fees, premiums) when it instantly pays up. This is similar to the "you can't sell that, less than 4 payments left" clause. Not a default, I think.
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2324
Jan 31, 2014 18:09:16 GMT
Post by pepperpot on Jan 31, 2014 18:09:16 GMT
"you can't sell that, less than 4 payments left" clause. I though it was only 1 payment left? might be wrong tho'
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jo
Member of DD Central
dead
Posts: 741
Likes: 498
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2324
Jan 31, 2014 19:45:49 GMT
Post by jo on Jan 31, 2014 19:45:49 GMT
Think it's another FC glitch; it's gone directly into into my Bad Debt total.
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jo
Member of DD Central
dead
Posts: 741
Likes: 498
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2324
Feb 4, 2014 14:09:50 GMT
Post by jo on Feb 4, 2014 14:09:50 GMT
3rd Feb
'Please note that this loan has been defaulted in error and we are currently working on a fix to reverse this. The borrower will still be settling this loan in full as per the previous comment. Please accept our apologies for any confusion caused.'
SB 'Please accept our apologies for THE confusion caused'.
Fixed it for ya FC.
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