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Post by ablrate on May 15, 2020 10:50:33 GMT
"Many of these borrowers should not be offered lenient terms because they then see it as a sign of weakness and take it as an opportunity to ride a coach and horses through any agreement"
With respect, that doesn't make too much sense, so if the payment was kept at the higher amount they would have paid? I am afraid, in times like this is doesn't work like that. Also if a loan gets to a legal stage and the borrower can show that we have been 'unreasonable' (i.e refusing to reduce payments in a global pandemic), then recover can be affected. It seems harsh in a sensible economy (certainly to us) that a lender could be seen to be 'unreasonable' when asking for a borrow to pay what is owed, but unfortunately there are rules that require a softly softly approach in certain circumstances.
I doubt that we could be accused of weakness with borrowers who don't pay, but I can understand people's frustrations in situations like this as we share them.
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number5
Member of DD Central
Posts: 449
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Post by number5 on May 15, 2020 12:52:55 GMT
123 Payment now received! ablrate it says credited to Ablrate accounts - I haven't received mine?
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number5
Member of DD Central
Posts: 449
Likes: 98
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Post by number5 on May 15, 2020 12:54:41 GMT
123 Payment now received! ablrate it says credited to Ablrate accounts - I haven't received mine? Now in my account...thank you
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number5
Member of DD Central
Posts: 449
Likes: 98
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Post by number5 on May 19, 2020 17:28:24 GMT
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Balder
Member of DD Central
Posts: 646
Likes: 622
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Post by Balder on May 20, 2020 8:58:25 GMT
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Balder
Member of DD Central
Posts: 646
Likes: 622
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Post by Balder on May 25, 2020 8:39:47 GMT
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Post by ladywhitenap on May 25, 2020 8:45:14 GMT
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Post by ladywhitenap on May 26, 2020 8:04:11 GMT
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Post by ablrate on Jun 8, 2020 9:46:28 GMT
We are experiencing a bug with some loan payments. Working on it now.
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Post by supernumerary on Jun 8, 2020 10:34:04 GMT
We are experiencing a bug with some loan payments. Working on it now. Thank you for pre-empting potential concerns, about delays in interest payments. Much appreciated.
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Post by ablrate on Jun 8, 2020 12:02:59 GMT
We are experiencing a bug with some loan payments. Working on it now. Thank you for pre-empting potential concerns, about delays in interest payments. Much appreciated. No worries, all fixed now and paid.. sorry for the delay.
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Balder
Member of DD Central
Posts: 646
Likes: 622
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Post by Balder on Jun 8, 2020 13:43:24 GMT
So time to ask about 89 now then ablrate
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Post by supernumerary on Jun 8, 2020 14:20:32 GMT
So time to ask about 89 now then ablrate ...and loan 38 as well please.
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Post by supernumerary on Jun 8, 2020 19:10:56 GMT
So time to ask about 89 now then ablrate Now paid.
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Post by ladywhitenap on Jun 9, 2020 18:33:11 GMT
So time to ask about 89 now then ablrate ...and loan 38 as well please. Still no update on 38 and with 79 due today from the same borrower, my guess is that we might not see either! LW
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