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Lending Club contacted 3rd party?

Started by Peter, October 09, 2014, 11:00:00 PM

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sean3.eth

What does this mean in the collection notes?

10/3/14 (Friday)   Lending Club contacted 3rd party and 3rd party was unable to pay at this time
9/2/14 (Tuesday)   PAYMENT Failed
9/1/14 (Monday)   Lending Club contacted borrower and borrower was unable to pay at this time

Does 3rd party mean like a guarantor or someone else who offered to make payments on the borrower's behalf?

Joleran

Could be husband/wife.  I see that a lot on borrower deceased notes.

TravelingPennies

have you had a lot of borrowers die?

hoggy1

I haven't but I see them all the time on high YTM loans on FolioFn


JoeB

I've come to the conclusion that you're not right in the head (in a good way).   https://forum.lendacademy.com/Smileys/default/smiley.gif" alt=":)" title="Smiley" class="smiley" />


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