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Thread: Harmoney

  1. #4561
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    Quote Originally Posted by Saamee View Post
    What I am saying is Arrears are LESS currently - that is positive...

    If it was Hardship there would be NO payments >> HIgher Arrears Outstanding!

    Not what I am seeing just now
    Would they actually record arrears for a loan if a hardship "repayment holiday period" had been granted?

  2. #4562
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    At HM I honestly cannot say what happens....

    Over at LC, when a Defaulting Loan gets to 90 Days old, then it is Removed.....!

  3. #4563
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    Quote Originally Posted by Saamee View Post
    At HM I honestly cannot say what happens....

    Over at LC, when a Defaulting Loan gets to 90 Days old, then it is Removed.....!
    I guess if a loan has been granted a hardship repayment holiday, then payments will not be due until after the hardship holiday period ends. Only then if payments are not resumed by the new due dates would it be in default. So perhaps the covid hardship payment holidays have merely postponed the day of reckoning for some loans. Also, some borrowers who may have struggled regardless of the Covid measures, may have been able to latch onto Harmoney's covid hardship response to delay their day of reckoning?

  4. #4564
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    I'm folllowing and liking your Logic... BJ

  5. #4565
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    Quote Originally Posted by Saamee View Post
    What I am saying is Arrears are LESS currently - that is positive...

    If it was Hardship there would be NO payments >> HIgher Arrears Outstanding!

    Not what I am seeing just now
    Hardship and Repayment Holiday loans don't show up as arrears - they are not in arrears as no payments are due until they become active again.

  6. #4566
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    Apr 2016
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    Current 87.51%
    Arrears 3.71%
    Hardship 8.44%
    Protect Waiver 0.34%

  7. #4567
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    Jul 2017
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    115

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    Current 85.3%
    Arrears 3.9%
    Hardship 10.8%
    Last edited by joker; 31-05-2020 at 08:15 PM.

  8. #4568
    Member
    Join Date
    Sep 2012
    Location
    christchurch
    Posts
    390

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    Current 85.2%
    Arrears 7.4%
    Hardship 7.0%
    P Protect 0.4%

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