The Anonymous Widower

Changing Repayment Dates on Loans

I’ve mentioned this before with respect to Zopa.

I just wondered how many of the loans that changed payment dates had a rather chequered history, so I went through all of my loans, where the payment date had changed.

Of the 16 loans that had changed the date, only one was late and the amount owing on that one was just a few pence.  Interestingly some were a bit chequered until the date changed, but immaculate afterwards.

So it looks like this feature is good for both borrowers and lenders.

April 15, 2011 - Posted by AnonW | Finance | Banks, Zopa