Confusing Loan

[jheizer]

Loan Id: 44673259
Note Issuance Date:   4/3/15
4/3/15 (Friday)   Borrower informed Payment Solutions specialist that payments will be mailed
Payment Status: Failed
Next Payment Due   $0.00
And in my notes list and notes_ext.csv it shows up as next due on 4/1/2014 and status issued.

It's like they said they'll mail the payments and LC just said oh well, better luck next time.

[kya]

lc needs to "tighten up" their collection effort and collection notes...for the most part it seems they just go through the motions...anyone with lending exp will tell you that consistant and concise collection effort is an intergel part of any lending operation...seems like lc has more accounts than they can handle on a daily basis collection wise.... they need to be more aggressive also imop

[TravelingPennies]

Makes me curious how this one appears to the borrower since the first payment shouldn't be due for 2 or 3 weeks really.

[Fred93]

Normally first payment is due 30 days after loan issues to the borrower, but borrowers can specify a different date up to + or - 15 days.  Usually they ask for delay.  Lenders are not compensated for this delay.

But in this case, those dates just look wrong, eh?

[TravelingPennies]

Yeah, just wrong dates messing things up.  No other collections information or anything, just a request to pay by mail.

[TravelingPennies]

I wonder if when they stopped the auto payments they fat fingered the next payment date.  Email sent, lets see what they say.  Thought the last time I emailed them (about the API) the response I got was pretty worthless.

[TravelingPennies]

Well I got a response from them but I believe they think I am crazy.  My first email was really short as I assumed when they opened the loan they would see what I meant.  Just sent this as a reply so hopefully they understand.

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[TravelingPennies]

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