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I must say this is a first for me, but a welcome one.
Just after making the initial UNPAID post, the borrower reached out to me to attempt to make it right. After some adjustments and negotiating, we were able to reach a favorable agreement for both of us. As of today, the borrower has successfully repaid this loan.
Communication was obviously heavily lacking during the initial loan, but after seeing the UNPAID post the borrower quickly turned that around and worked diligently to get this paid off. I appreciate them not letting this go unresolved indefinitely, and turning an unfortunate situation into a positive outcome.
I am hopeful that this can serve as a learning experience to this borrower and won't happen again in the future, whether it's myself or any other lender.
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- 1 year ago
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