New comment added to the loan listing reads "What is happening with this loan, please? It was due to make a payment on 15th June, but it is now 26th June with no payment & no communication from Huddle Capital. " huddlecapital - the payment is late from the borrower so I suggest you inform lenders, not unreasonable
Post by huddlecapital on Jun 29, 2018 15:23:09 GMT
We are pleased to tell you that loan number 1000063 has now paid in full and the loan is back 100% performing.
We feel it is important to say that, whilst many would see it as a statement of the obvious, lenders need to appreciate that borrowers paying 16% on their loans do so for a reason! Lenders need to expect twists and turns along the way if they wish to participate in loans that can provide higher yields.
Huddle Capital conduct thorough due diligence and only present loans to our customers that we would happily invest our own funds in. But sometimes there are problems! We act swiftly and aggressively to combat this. We are pleased to say that in this instance our procedures have worked.