Author Topic: pre-emptive collections log?  (Read 1498 times)

mrwhizzard

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pre-emptive collections log?
« on: January 09, 2017, 01:24:13 PM »
From time to time, I have seen listed in the collections log for a note that a buyer has called and "promised to pay" prior to the payment due date. For example, loan 55309949...

Payment History:
Quote
Due Date // Settlement Date // Payment Status
12/28/16 // --- // Pending
11/28/16 // 12/1/16 // Completed
10/28/16 // 11/2/16 // Completed
...

Collection Log:
Quote
12/19/16 (Monday)    Borrower contacted Payment Solutions specialist and promised to pay

What does this mean? Is the borrower calling in to say their payment will be late, but is coming?

dbailey75

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Re: pre-emptive collections log?
« Reply #1 on: January 09, 2017, 02:04:10 PM »
thanks for posting this and asking the question, I've had the same questions, I have a few of these as well.


fliphusker

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Re: pre-emptive collections log?
« Reply #2 on: January 09, 2017, 02:25:03 PM »
I am going to assume you are right here.  Could also be leading to a payment plan, which I have also seen.