Post by mikeb on Jun 10, 2014 18:35:34 GMT
£156k loan, no asset security (despite the long standing FC claim to take security for £150k+ loans) ... and now a downgrade after 2 payments due to a "credit event".
In the Q&A, Q: "Why no security?" A: "Because FC didn't ask for any!"
It's good to know that FC recently adjusted their T&C to allow themselves more flexibility in whether security is needed, and more discretion on how and when to default loans.
In the Q&A, Q: "Why no security?" A: "Because FC didn't ask for any!"
It's good to know that FC recently adjusted their T&C to allow themselves more flexibility in whether security is needed, and more discretion on how and when to default loans.