Harmoney

[Soolaimon]

At the moment I have 10 loans in arrears, suddenly up from one. Could be that people have over-spent for xmas etc. or maybe the banking system is out of wack with the harmony system during the holiday period???

[777]

At the moment I have 10 loans in arrears, suddenly up from one. Could be that people have over-spent for xmas etc. or maybe the banking system is out of wack with the harmony system during the holiday period???

When you say "in arrears", have you been informed of that or are you calculating that yourself. Remember that there is at least 3 business days before you see the payment credited against your loan and with the public holidays effect, this will affect both the borrowers payments being debited against their account and therefore the receipt by Harmoney. Then the 3 days to show up for you.

[Soolaimon]

Re the arrears, yes I have been informed by harmony that there are 10 loans in arrears totaling $43. I have checked through all other loans due about the same time ie. 23-24th Dec and one or two are paid up but the 10 are not. However I am pretty sure it is due to the 3 day thing at this time of the year. We will know more on the 3rd of Jan I guess.

[Soolaimon]

21 loans now in arrears totaling $97. More than 20% of my notes. I still think (and hope) it is the holiday banking dates. Anyone else in the same boat???