blender
Member of DD Central
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Post by blender on Feb 28, 2018 22:22:39 GMT
I don't believe that there was a promise to use bid limits for small loans, just that it was coded for use on small loans or loans expected to be popular. And surely this is neither in the Ablrate context. I guess that Ablrate were as shocked as I was at 8.45 when I ambled back to the keyboard with my few £k and found it 97% funded. A loan was recently unfunded at around £300k, and this one is not much better imo. There were adverse comments about the security valuation. Would I have been furious if I had logged in 10 mins later? No, I've missed loans before and survived.
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Post by dan1 on Feb 28, 2018 22:25:09 GMT
I'm waiting for the wrath of elliotn when he comes back online
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blender
Member of DD Central
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Post by blender on Feb 28, 2018 22:33:49 GMT
I'm waiting for the wrath of elliotn when he comes back online Sorry to have to tell you that his hammock got all twisted up in a blizzard and, worse, he spilt his drink.
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southport
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Post by southport on Feb 28, 2018 23:37:46 GMT
I'm waiting for the wrath of elliotn when he comes back online I too am waiting for elliotn so that I can agree with everything that he says. 8pm launch indeed
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elliotn
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Post by elliotn on Mar 1, 2018 1:33:06 GMT
What happened to bid limits?? Anyone with a life & might have other things to do @ 8pm Such as sleep. Whilst the arcadian rhythms of life do interrupt evening investing, I have the consolation of hitting abl with two withdrawal fees. *The first on reading an earnings valuation based on no earnings
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ptr120
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Post by ptr120 on Mar 1, 2018 6:32:24 GMT
Hi ablratethe loan seems to be oversubscribed. Do we all take a haircut or is it 'last in, first out', or does the borrower take the excess too (which I guess would increase the LTV).
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Post by ablrate on Mar 1, 2018 8:35:07 GMT
Hi ablrate the loan seems to be oversubscribed. Do we all take a haircut or is it 'last in, first out', or does the borrower take the excess too (which I guess would increase the LTV). The last two were 250 milliseconds apart,so the system did a concurrent trade... this is something we are working on to fix across the platform, which should be done today..We will have a solution with the overspend, but probably just increase the loan in the drawn down docs
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Post by supernumerary on Jan 3, 2019 9:55:08 GMT
Now three missed payments on this amortising loan. Latest report/update by Ablrate was on the 19/10/2018.
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Post by ablrate on Jan 3, 2019 16:30:52 GMT
Now three missed payments on this amortising loan. Latest report/update by Ablrate was on the 19/10/2018. We are working on these loans and will have a report shortly.
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Post by supernumerary on Apr 8, 2019 7:37:44 GMT
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des
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Post by des on Apr 8, 2019 7:52:15 GMT
There were email updates on 7th Feb, 5th Mar & 27th Mar
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Post by supernumerary on Apr 8, 2019 14:29:20 GMT
There were email updates on 7th Feb, 5th Mar & 27th Mar Thanks Des. I was just checking the updates for the loan on the Ablrate website. I'll try an find those email updates later.
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