kulerucket
Member of DD Central
Posts: 336 
Likes: 93
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Post by kulerucket on Nov 8, 2017 8:09:35 GMT
If a loan has not paid a penny for couple of years somehow they calculate that planned payment 1.12.2017 is not late yet  I don't think anyone can dispute the fact that this payment isn't late yet because it isn't. The problem is that their calculations assume that the loan will somehow magically catch up and all will be well before this date. In other words, the 2-year late loan has an equal value to a current loan.
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Post by amoult on Nov 8, 2017 8:56:04 GMT
If a loan has not paid a penny for couple of years somehow they calculate that planned payment 1.12.2017 is not late yet I don't think anyone can dispute the fact that this payment isn't late yet because it isn't. The problem is that their calculations assume that the loan will somehow magically catch up and all will be well before this date. In other words, the 2-year late loan has an equal value to a current loan. Yes that is exactly what I meant (poor writing on my part) 
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Post by rahafoorum on Nov 8, 2017 12:16:08 GMT
If a loan has not paid a penny for couple of years somehow they calculate that planned payment 1.12.2017 is not late yet I don't think anyone can dispute the fact that this payment isn't late yet because it isn't. The problem is that their calculations assume that the loan will somehow magically catch up and all will be well before this date. In other words, the 2-year late loan has an equal value to a current loan. Actually you can very easily dispute that. Open your loan contract (unless Bondora has hidden those as well nowadays?) and it clearly states that as a loan defaults, the full amount becomes due. In other words, as of default date, all unpaid principal is past due and original payment schedule is terminated.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Nov 8, 2017 13:11:12 GMT
That's a good point.
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