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Post by Badly Drawn Stickman on Nov 10, 2017 22:33:11 GMT
Thats more an aspiration, than a prerequisite.
Maybe they are highly paid consultants. (happy now?)
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southport
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Post by southport on Nov 11, 2017 1:05:45 GMT
ablrate 8pm will be an interesting test of the bid limits for those unavailable at go live in different time zones. 8pm inthe UK is 3am in my neck of the woods. Looks like I'll have problems investing from now on and just opened an IFISA last week to boot... :-(
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elliotn
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Post by elliotn on Nov 11, 2017 6:49:11 GMT
ablrate 8pm will be an interesting test of the bid limits for those unavailable at go live in different time zones. 8pm inthe UK is 3am in my neck of the woods. Looks like I'll have problems investing from now on and just opened an IFISA last week to boot... :-( Yep, end of BST didn’t help. Morning/afternoon combo lot better, may be evening will help UK workers although platforms typically launch within their own work hours.
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r1200gs
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Post by r1200gs on Nov 11, 2017 8:20:03 GMT
As much as I love beer and pubs this would have to be something special to get my Money. Too many great pubs have closed down recently. And a lot of them deserve to close down. I'm in the north of England right now and I love a good local boozer, but some of the pubs around here are worse than dire. I really don't know how they are still going now but I fully expect several to close down in time. Smelly, worn out dumps with miserable bar staff that cannot even greet a customer properly, let alone have a little banter in their spare moment. Ah no, get straight back to their phone. Second visit, no greeting at all, not a word said. Picks up a glass of the pint I had the last time, held it up to me and I nodded, filled, handed over and money exchanged without a word said and then went straight back to her phone. Absolutely bloody awful and they wonder why the place is dead. For heavens sake, how hard is it to say hello and goodbye to a customer?! I know two that are booming and without a doubt it comes down, in both cases, to a couple running the place that thoroughly love what they are doing and are doing it well and who are really pleasant to be around. In both cases, they are free houses. Those pubs are going to be just fine, better than fine. So yes, when I hear people mentioning so many pubs closing down, I see why they are closing down. I know nothing about this loan at present, but if at all possible my due diligence would be to go to another pub owned by the borrower, if indeed they have one. Dirty work and all that.
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blender
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Post by blender on Nov 11, 2017 9:21:30 GMT
I hope not. You would think that part of treating customers fairly would be treating lenders equally. Who are '"ProClub members"? I suspect that the "Pro" indicates professional investors/big hitters/potential underwriters having an initial look, asking a few questions and giving feedback such as "no chance", "bit iffy as it stands ,would be ok if..." It is still going out to retail investment to us all at the same time. PS: I am NOT a member of ProClub, and I think that ABL some time back did comment to the effect that they were having some loans assessed, but I cannot recollect where, only that mention of the "club" sort of rang a bell. I am sure that there is no need to resurrect the recent angst/paranoia/whatever. "I wish to thank ProClub members who have looked at this deal previously". If I receive this in an email, it is reasonable to wish to know what it means. Ablrate just need to be up-front and open. If it's a secret group of chosen lenders who get consulted on upcoming loans and have been given a chance to do their DD in advance, then there was a clear advantage in some recent loans. If they exist, do they have any other privileges/incentives? This was not disclosed on the recent consultation about DD periods and bid limits. Just tell us about ProClub, Ablrate, rather than sending cryptic messages which assume we know.
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greenslime
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Post by greenslime on Nov 11, 2017 9:28:45 GMT
As a minnow with limited Internet access during UK working hours I welcome this, as giving me time to think about what I'm investing in and the opportunity to actually invest. So well done ablrate
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wilsric
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Post by wilsric on Nov 11, 2017 10:33:48 GMT
I agree, I travel a lot with work during the day, the evening kick-off will be much better suited to me.
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toast
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Post by toast on Nov 11, 2017 10:57:30 GMT
I am sure that there is no need to resurrect the recent angst/paranoia/whatever. Absolutely. I wasn't asking out of fear, just genuinely curious. It seems like a reasonable way to address any rough edges on loan proposals before they go public. The use of bid limits and a review period would seem to offset whatever advantage ProClub members might be perceived to have. Anyone else think that "ProClub members" sounds like a golf tournament?
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SteveT
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Post by SteveT on Nov 11, 2017 11:01:33 GMT
The first rule of ProClub is ...
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star dust
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Post by star dust on Nov 11, 2017 11:06:29 GMT
The second rule of ProClub is... Really, I thought that was for the over 60s club; or maybe they are one and the same thing
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Nov 11, 2017 11:11:56 GMT
The second rule of ProClub is... Really, I thought that was for the over 60s club; or maybe they are one and the same thing Oh how very ageist of you Stardust!😊
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Post by Badly Drawn Stickman on Nov 11, 2017 11:24:59 GMT
Really, I thought that was for the over 60s club; or maybe they are one and the same thing Oh how very ageist of you Stardust!😊 That seems unlikely, I seem to remember reading on another thread that all the old people had been banned for not remembering their Ps and Cs. As an aside if you yahoo (I am in dispute with google) ProClub, it turns out sex workers may be being consulted.
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snowmobile
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Post by snowmobile on Nov 11, 2017 12:17:03 GMT
I hope not. You would think that part of treating customers fairly would be treating lenders equally. Who are '"ProClub members"? I suspect that the "Pro" indicates professional investors/big hitters/potential underwriters having an initial look, asking a few questions and giving feedback such as "no chance", "bit iffy as it stands ,would be ok if..." It is still going out to retail investment to us all at the same time. PS: I am NOT a member of ProClub, and I think that ABL some time back did comment to the effect that they were having some loans assessed, but I cannot recollect where, only that mention of the "club" sort of rang a bell. I am sure that there is no need to resurrect the recent angst/paranoia/whatever. I too had a vague recollection of a comment by ABL a while ago. I've managed to locate the forum post and it was this one, posted in early July: linkIt was not referred to as ProClub at the time and as far as I know there has been no official communication to all investors about the system. A specific separate email to the members of the "ProClub" would perhaps have been a more suitable method of thanking them for their contribution.
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Post by Deleted on Nov 11, 2017 13:20:35 GMT
Top marks to the management to listening to our concerns and giving it a go, Thanks. And well done to everyone else here for making sure there was a clear consistent message going to the portal that there was a better way to operate. In fact, Well done everyone!
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Post by GSV3MIaC on Nov 11, 2017 15:17:56 GMT
Yep, seems major stride has been made. My only concern is that £1000 per punter may turn out to be slightly over-generous, we shall see (this is a rather small loan!)
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