Problems with On-Time Repayments

Discussion in 'Lender Questions' started by qt9998, Jul 23, 2014.

  1. qt9998

    qt9998 Gold Member

    This borrower is applying for another loan and, on checking his past history, I found that

    on his last loan, he missed the first 3 payments, then rescheduled and paid off the entire loan in
    one swoop. I thought this wasn't allowed?
    On his previous loan, he paid it off in 3 installments.

    Yet his On-Time Repayments shows him with 100% (12).
    I don't think it should be 100% and not (12) either.
    What should it be?
    ojtos likes this.
  2. Jean Wendpanga

    Jean Wendpanga Gold Member Volunteer Mentor

    Hi qt9998
    as this gentleman has made large payment, which is why the amount has not increased.He still takes 130 usd for his third loan.

  3. qt9998

    qt9998 Gold Member

    Yes, Kabore. He is requesting the same amount as before. It's the calculation of 100% (12) that needs an explanation from staff.
    elisabethoue and Mike like this.
  4. Jean Wendpanga

    Jean Wendpanga Gold Member Volunteer Mentor

    Yes qt9998, a good explanation.

    elisabethoue likes this.

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