Akina @Okiya,
I heard that if I make a payment to my loan account which has been in default after 30 days / 1 day before 30 days are over, I (the person who owes the financial institution cash) is given 30 days before the CRB are notified.
Is this true.
Normally you get listed on CRB after 90 days of defaulting. And before that the bank have to inform you in advance that they have given out your name to CRB
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Niatia Wambui?
ulikopa pesa sasa unataka kupiga watu dafrau,lipa deni ya wenyewe
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usijali. we are in day 45 of Njaanuary. it is almost ending
90 days after the last payment done? So if I pay after 88 days (2 days before I am listed on CRB) the days start again.
90 days of defaulting means that you need to be late with your instalment payment for 90 days in order to be listed on CRB. If you have paid that instalment on 88 day, then you don’t pass into more than 90 days category. That applied to all instalments starting from their due date
I have a loan I took on December 1,2018. On January 1, 2019 is supposed to be my second installment. Since it’s January, I can’t pay.
On February 1, 2019 I still cannot pay. (Number of days is now (January, approximately 30 days).
On March 1, 2019:
Scenario A: I don’t pay (January + February, 60 days)
Scenario B: I pay the amount I was supposed to pay on January 30th (but at the end of February).
Question:
In scenario A, am I listed at CRB?
In scenario B, am I listed at CRB even of I paid a small amount?
Thanks for the information.
I don’t want anyone to meet with debt collectors ever, it’s the worst thing that can happen with you if your debt gets to collectors. Once this happened to me, and I was called from morning till night 5 or 6 times per day, I got sick of it so much that I for the first time in my life addressed to a lawyer. He helped me to stop the phone calls, and also to get monetary payment as moral compensation for what they have done. Yes, everything finished happily, but it took a lot of time to deal with it.
I don’t want anyone to meet with debt collectors ever, it’s the badest thing that can happen with you if your debt gets to collectors. Once this happened to me, and I was called from morning till night 5 or 6 times per day, I got sick of it so much that I for the first time in my life addressed to a lawyer https://www.lemberglaw.com/mrs-associates-mrs-bpo-collections-complaints . He helped me to stop the phone calls, and also to get monetary payment as moral compensation for what they have done. Yes, everything finished happily, but it took a lot of time to deal with it.