Hi,

some of my older defaulted loans (red) have been rewritten. The whole sum of the loan is payable at one including the interest and the overdue charge. What exactly does it mean though? Do the chances that the loan is being payed back rise after being rewritten?

Oldboy
Hi,some of my older defaulted loans (red) have been rewritten. The whole sum of the loan is payable at one including the interest and the overdue charge. What exactly does it mean though? Do the chances that the loan is being payed back rise after being rewritten?

This means that a contract has been through the court and is in bailiffs hands, who can block debtors bank account, wages and in some cases sell property. So the chances of you receiving your money should increase, but sometimes there is nothing to take or debtors wage is too small and bailiff cant take nothing.