SamJames #6169

Hi,

“As of July 2016, Guarantor credit searches have revealed 8 payment defaults, 1 court action, no court writs, no disqualified directorships, and no bankruptcies. ”

Can you provide more info on this – when were the payment defaults and what were they for?

Was it 8 different payment’s that were defaulted on? Or defaulted 8 times on one thing?

Also I had a question regarding the ‘Secured Equipment Financing’ above this.

thanks

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leotyndall #6173

The borrower suffered a period of illhealth and all of the defaults occurred at the same time. He made a claim on his insurance and they are still finalising his payment which caused his financial difficulty.

As mentioned he is in a much stronger position health and business wise.

Thanks Marketlend

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SamJames #6174

Thanks,

How recent were these?

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leotyndall #6175

You will see they are mentioned in the credit report, 2012

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