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Late loans on the rise
I don't know if it is tax season or what but the # of group lates has reached an all tiime high in NuBeginnings.
4 <15
2 late
1 3+ months
1 payoff in progress
63 loans funded total
What have I done as a group leader. I sent out individual e-mails asking for a heads up and did they need any help
Yeasterday April 10th I did an "ALL" member e-mail, and basically heard back from members who are either just lenders or have never received a loan.
so as of todays date that is 7/63 loans, What is sad abouut this is those loans have been paying for months. The 3+ loan is a chapter 13 BK the two lates won't respond.
The less than 15's I've heard from 2.
I realize life hands us a lemon every once in a while but for everyone's sake I am holding the borrowers responsible for getting back on track.
Bev
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