I made 14 loans totalling $500. To date $98 has been repaid since Dec. 21. One loan is delinquent and one has repaid nothing. Anyone else had a loan go bad?
No loans "went bad", but of the $1200 I have contributed, only about $37 has been paid back in total from my various loans. I am in no rush, and just hope the funds are being used well. I just plow any repayments back into new loans, although none of my loans has been paid back in full yet. We shall see.
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Dr.G.
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I thought I had one loan go bad but when I checked into the details of the loan, I learned that it is structured differently than most. It pays back in a lump sum at the end of the term.
All other loans are tracking along quite well...almost ready to do another.
I have 2 that are paying back a little later than everyone else--one seems to be an administrative issue with the field agent. But so far my 11 loans are just fine.
over 140 dollars was paid back so I relent almost all of it.
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