There could be a number of reasons for this:
- The most common reason is that when payment is due from the borrowr, but has not yet been received or processed by FundingKnight, any offers for sale of loan parts on the Loan Exchange will automatically be suspended for up to five days. These offers will automatically resume when payment is made and processed. If the payment is not received during this time, the loan sale offer will resume after five days, but the impaired payment history will be shown and the relevant warnings displayed to potential purchasers.
- It is not possible to sell a loan portion in the period 6 days before the final due payment, or any earlier date on which the borrower has told us they are intending to repay the loan in full.
- The ability to trade loan parts on the Loan Exchange may be suspended or removed in the event that loan repayments have been missed, or if any other event has put the borrower ‘in default’. If this occurs, Lenders holding parts in the loan will be notified by email that trading will be stopped.