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T O P I C R E V I E W
Porcorosso
Posted - 22 September 2008 : 15:09:29 I have been flicking through some of my papers and to my horror it seems that a loan i took out in December 2007 only started taking payments in April 2008. This effectively means that I have only made one payment as the wheels came off my finances good and proper in May. Exactly how much trouble will i be in with the OR and is there any point in me making a couple of payments now so i've paid at least three???
It just gets worse.
Not the best time to be self employed!
1 L A T E S T R E P L I E S (Newest First)
Suzanne
Posted - 22 September 2008 : 16:48:04 Hi
I don't think the OR will worry too much about this unless you were aware of financial problems prior to the taking out of the loan. It is always going to be a risk with these deferred payment agreements as so much can change in a short period of time.
