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| Had a friend that was due for a renewal in September for a guaranteed line of credit. Their balance for the line of credit was in the mid six figure range. The FSA office contacted their bank and had them fill out a delinquent form, (they weren’t delinquent because of non payment, just because of the slow renewal process). They had a good crop and paid the line back 3 weeks ago.Last week they received a check for the “delinquent” amount they had on their line in September.
Banker said this is also happening on mortgage payments, too.
Edited by dirtclod10 12/20/2024 14:35
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Rewarding poor business
