Post by oppsididitagain on Nov 18, 2016 18:03:09 GMT
I received this message on a loan I own via Funding Circle
We are defaulting this loan because it is late in its repayments and the borrower is unresponsive despite numerous attempts to contact them. We hope that defaulting the loan and demanding an immediate repayment in full will focus their minds. It will also crystallise the liability of the guarantor.
Unlike ReBS who seem to take months and months just to even think about calling in the debt.
Thoughts everyone ?
We are defaulting this loan because it is late in its repayments and the borrower is unresponsive despite numerous attempts to contact them. We hope that defaulting the loan and demanding an immediate repayment in full will focus their minds. It will also crystallise the liability of the guarantor.
Unlike ReBS who seem to take months and months just to even think about calling in the debt.
Thoughts everyone ?
