Are you borrower with Renovo and having difficulties paying off

[Asif I.]

Hi, I have an investor friend of mine who is having difficulty paying-off his loan with Renovo. They are charging him 24% interest rate as he is in a default. I wanted to see if there are folks here who may have explored legal route with Renovo Financial - they are based out of Chicago, IL

[Mark Ainley]

@Asif I. I have worked with Renovo for years and refer clients over to them on a weekly basis.  I like them because they never make me look bad. Their reputation is top notch and having been a client myself many times over I can tell you that whatever your friend is being charged is clearly defined in their loan docs. 24% sounds to me (remembering my own loans) like the charge for default interest…as in for some reason your client’s loan is in default (non-payment, past maturity, etc). In any case I would strongly encourage you to reach out to them directly - Renovo focuses heavily on customer service and communication - you won’t have an issue getting a hold of them and if you need me to connect you with my contacts there I am happy to facilitate any communication.