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Author Topic: Has anyone seen this

O
  • Posts: 7
Has anyone seen this
OP: May 22, 2017, 11:00:00 PM

I have 3 loans that are 31-120 days late now while looking through these I see the main memo (payment solution specialist tried to contact no message left)

Now on 2 of these in between there are other memos that say letter sent account seriously over due.

The odd thing is no payments were tried to be taken out what so ever.  But on one where the same message is (payment solution specialist tried to contact no message left). The only difference between this one and the other 2 is someone at least tried to get the payment from the bank as this is the only note that has 2 payment failed in it.

Wouldn't one think that all three would have at least 2-3 payment failed in it and not just the one?

Had another that was also past due 31-120 days late now reads current all messages say same thing (account specialist tried to contact no message left). Except the most recent line that said (account specialist made contact borrower promised to pay). Yet when borrower actually paid I am charged along with others .12 cents for fees to LC.  But only pay me and others .04 cents for late fees
Does this seem kinda backwards as we have no proof or anything except for what someone writes that they tried to contact.

Idk it is what it is but to me we the investors should be getting the bigger piece of the late fee recovery considering we are the ones putting the money up.

I know 12 cents is 12 cents but put it over a portfolio of someone who has thousands of notes those 12 cents add up really fast.


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T
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Has anyone seen this
#1: May 22, 2017, 11:00:00 PM
(null)
Thxs but the real concerning thing is you would think they would try on all lates to push the payment through but out of 3 this was the only one.  I only have 120 notes right now and been slowly building up and learning as I go.

Just something that I noticed that seemed odd. 

Thxs for the reply


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a
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Has anyone seen this
#2: May 22, 2017, 11:00:00 PM
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f
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Has anyone seen this
#3: May 22, 2017, 11:00:00 PM
Before I put my money transferred to LC, I came here and read everythign I could about LC. Went to dunno, 10 different sites and read all I could there too. Ya know one thing that I knew before one dime went to LC? That borrows did not pay the late fee, we did. To be annoyed by it is just silly.
I had another long reply but something really funky happened with the site and too tired to rewrite it.
from: anabio on May 23, 2017, 10:33:48 PM
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L
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#4: May 23, 2017, 11:00:00 PM

"I had another long reply but something really funky happened with the site and too tired to rewrite it."

Happened to me too, on another thread.  Copied my prep'd reply to desktop, pasted it in later when the nasty "you are blocked" error message went away.
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D
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#7: May 24, 2017, 11:00:00 PM
May be borrower requested to mail in their payments.  I've seen that many a time.  Can't attempt an ACH without authorization of the borrower.
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G

GS

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Has anyone seen this
#8: May 25, 2017, 11:00:00 PM
This is one area that has always been unclear to me, as well.  It is possible they are trying to debit then account and just not posting a memo?  I also wonder if like with a bounced check, the person trying to process may absorb a fee for failure?  Anyone know?

I think some borrows close their linked account to prevent withdrawals.  There used to be a "payment failed due to account issue" type memo, but I don't think I've see it used in a while.  Once that happens, no point in trying to debit it. 
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