Post by Stonk on Sept 6, 2017 11:01:50 GMT
Is it "right" that this can happen to the £100K loan 14837 ...
The guarantor has reassessed their financial position and has confirmed that they will be unable to maintain repayments at the full contractual level. We have negotiated a repayment plan that will see the guarantor making monthly repayments for half of the contractual amount.
... while the business owner and guarantor appears to have simply shut down one business and promptly opened another doing precisely the same thing?
FC's investors should surely have some sort of stake in the new business and/or the guarantor's income from it.
The guarantor has reassessed their financial position and has confirmed that they will be unable to maintain repayments at the full contractual level. We have negotiated a repayment plan that will see the guarantor making monthly repayments for half of the contractual amount.
... while the business owner and guarantor appears to have simply shut down one business and promptly opened another doing precisely the same thing?
FC's investors should surely have some sort of stake in the new business and/or the guarantor's income from it.