Clicky

  • Welcome to P2P Lending / NFT Lending Forum.
 

ETH.LOAN

News:

This was the original Lend Academy peer-to-peer lending forum, since forensically restored by deBanked and now reintroduced to eth.loan.

To restore access to your user account, email [email protected]. We apologize for errors you may experience during the recovery.

Main Menu
NEW LOANS:   | 870.eth 2.500 Ξ | 804.eth 2.500 Ξ | remoraid.eth 0.299 Ξ | ALL

"Borrower informed Payment Solutions specialist that payments will be mailed"

Started by Peter, June 05, 2015, 11:00:00 PM

Previous topic - Next topic

GS

Collection Log:  "Borrower informed Payment Solutions specialist that payments will be mailed"

I've only seen this posted once before, but I just got another one.  In both cases, it was a "current" loan, never late, with FICO holding up ... this was the first and only collection log post. 

The last time I saw it, it was followed a few days later by Bankruptcy notice.

What's your experience with this?  Should I be worried.  Sell it first chance I get?


kya

i usually get a bk notice a week or so later when this pops up...sorry for the news

TravelingPennies


Victor

I believe that I have seen this note in the collection log, two or three times.  Once, a manual payment was processed a week or two later and as far as I remember the note went current.  The other time, the note was followed a month or two later with no payment and a Chapter 7 filing.  I consider this note the proverbial, "Check's in the mail!" with attendant consequences.

TravelingPennies

Well, I called that one right.  Luckily, I was able to sell it for $15 a couple of days ago, but I've been watching it and it got the BK note today.

NEW LOANS:   | 870.eth 2.500 Ξ | 804.eth 2.500 Ξ | remoraid.eth 0.299 Ξ | ALL