ablender
Member of DD Central
Posts: 2,204 
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Post by ablender on Mar 12, 2016 23:18:48 GMT
rebsrep: More promises without visible results here. Any news?
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Post by rebsrep on Mar 13, 2016 20:40:54 GMT
rebsrep : More promises without visible results here. Any news? Many p2plenders don't count a loan as overdue until 45days. This one is only 22 days. However I appreciate and we appreciate that that is unacceptable and we start to chase all loans at just 1 day overdue. This one became due 22nd Feb. If you look at the discussion updates for this loan you'll see updates from us on: 23/2 (x2) 24/2 25/2 29/2 2/3 3/3 4/3 8/3 10/3 11/3 i.e. virtually one update per working day, we can't be asked of being uncommunicative on this one. They promised to make payment on Friday, so of course if it hasn't arrived when processing payments on Monday we'll continue to pursue them. With this business they are a seasonal business which creates large swings in their cashflow and the email contact from them at the start of last week stated that they had been overseas on business. Of course we've asked them to re-instate the Standing Order.
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ablender
Member of DD Central
Posts: 2,204
Likes: 555
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Post by ablender on Mar 13, 2016 21:44:27 GMT
rebsrep : More promises without visible results here. Any news? . However I appreciate and we appreciate that that is unacceptable and we start to chase all loans at just 1 day overdue. This one became due 22nd Feb. If you look at the discussion updates for this loan you'll see updates from us on: 23/2 (x2) 24/2 25/2 29/2 2/3 3/3 4/3 8/3 10/3 11/3 i.e. virtually one update per working day, we can't be asked of being uncommunicative on this one. They promised to make payment on Friday, so of course if it hasn't arrived when processing payments on Monday we'll continue to pursue them. With this business they are a seasonal business which creates large swings in their cashflow and the email contact from them at the start of last week stated that they had been overseas on business. Of course we've asked them to re-instate the Standing Order. "Many p2plenders don't count a loan as overdue until 45days" What sort of rule is that. If it is not paid on the day it should be paid, then it is overdue, even if by only one day. I have read your communications on the dates you quoted. Thanks. Most of these say that you contacted the borrower who was not there, left a message but no tangible results are achieved from this. If there is something that I missed please let me know. This business deals with education and you (they) claim that it is seasonal. When do you expect this business to have more cash, when we are out of term time; summer perhaps. You did mention that a payment has been made with a Standing Order. I appreciate that you asked for the re-instatement of the Standing Order. My question is, why was the standing order removed in the first place?
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