Bank Personal Loan - I Stopped Making Payments Can Loan Be Reopened?

I took out a personal loan in 2018, lost my job a year after and stopped making repayments. The loan account is closed but I recently started making repayments to the bank, could the loan be reopened?

Comments

  • Have you thought about calling the financial Institution?

    • +12

      Nup, join and post to a bargain forum first

      • Surprisingly, it's post Number 1?

        And you can't send them a personal message either?

        • ghost account / troll post ?

    • Newbies love to post on OZ Bargain before calling the company.

      • Easier to be a Keyboard warrior than speak to a human.

  • +2

    but I recently started making repayments to the bank

    Are they even aware that you are? Your debt could've been sent to a debt collector, and your payments are just going nowhere

    • +1

      💵 just can't disappear on a ledger.

      • +2

        Maybe OP's financial Institution is the same one that the Melbourne Storm uses.

  • "The loan account is closed but I recently started making repayments to the bank, could the loan be reopened?"
    So, is the account open or closed because if it is closed then how could you have started making repayments

  • +1

    The loan account is closed

    And that is where the story ends skater boy

  • +2

    Another example perhaps of a Spambot, finding its way onto a forum….

  • If the account is closed, what are you making repayments to?

    • I'm happy to lend OP my account for whatever bank he's making payments to. (If I don't have an account yet, I'll go open one… just for OP). lol

      • +2

        hey that was my idea :(

  • +1

    To say the account is closed only tells us a minute part of the story.

    What was the agreement with the lender at the time of closure?

  • give lisa wilkinson a call

    she can help

  • +1

    since they are an expact they probably went home

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