chocolatecake
Registered User
- Messages
- 17
Thanks for replies. Borrowers concern is that because "bad debt lodgment" is showing up every time a repayment is made that this will go against them or that there will be a bad debt registered against them.
Borrower doesnt intend borrowing again until this loan is cleared but in the case of an emergency occuring what would happen if they did seek a loan elsewhere?
WOWCredit Unions regularly lend again to borrowers who have had difficulties once they are back on the straight and narrow even if the original loan is not cleared off fully
WOW
Given that scenario I don't think I'd last long as an underwriter in a CU!
.............WOW
Given that scenario I don't think I'd last long as an underwriter in a CU! One of the primary underwriting criteria in all banks I've worked in is that if any loaned funds are w/o then that precludes the client from ever getting a further loan from that institution.
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