blender
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Post by blender on Mar 1, 2018 8:33:38 GMT
Strangely, the email does not say clearly how different is Ablrate's positon from Collateral, FCA-wise. Personally, I had made no connection between the future of Collateral and the future of Ablrate. Chalk and cheese. If wishing to avoid collateral damage - best not to stand too close. Edit: But yes, it appears very much appreciated by lenders.
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jcm9000
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Post by jcm9000 on Mar 1, 2018 8:43:42 GMT
The update was very much appreciated ablrate folks. Coll was my largest investment for my sins, ablrate my second largest. I really should have paid more attention to the FCA stuff....although how an interim approval was left to lapse for coll is a question that must be answered by the FCA, but obviously not on this forum! Thanks again ablrate.
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nw99
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Post by nw99 on Mar 1, 2018 8:52:14 GMT
Great write up from Alblrate the only one of my p2p to do so very good thank you
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bod
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Post by bod on Mar 1, 2018 9:00:56 GMT
Impressed by response from Ablrate. Only one of my P2P platforms to send a personal email. Was becoming my favourite platform and this response confirms it,
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poppyland
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Post by poppyland on Mar 1, 2018 9:10:44 GMT
Strangely, the email does not say clearly how different is Ablrate's positon from Collateral, FCA-wise. Personally, I had made no connection between the future of Collateral and the future of Ablrate. Chalk and cheese. If wishing to avoid collateral damage - best not to stand too close. Ablrate clearly has full FCA permission and has had it for quite a while, since it offers an IFISA.
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lofty
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Post by lofty on Mar 1, 2018 9:36:22 GMT
I also want to thank ablrate for their email. Reassuring without making comment about the unfortunate events at another company. I think you've earned yourselves some browny points on these boards.
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Post by p2pimpressed on Mar 1, 2018 10:48:52 GMT
Any chance @albrate will take a punt on acquiring some of the Collateral's loan book? There were some really good loans and would provide diversification to albrate's portfolio.
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Post by fatbritabroad on Mar 1, 2018 10:49:47 GMT
Yes this was exactly the tone of comment I wanted when I contacted them. They can't comment on collateral as we simply don't know but they can comment and reassure on their own procedures which they have done brilliantly. As others have said a completely different bag with abl. I must admit in my quest for tax free returns I was only considering sites with ifisa and was happy to get invested slowly but I hadn't even thought about the platform risk from non fca sites. Greed can be good apparently
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blender
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Post by blender on Mar 1, 2018 11:09:04 GMT
Strangely, the email does not say clearly how different is Ablrate's positon from Collateral, FCA-wise. Personally, I had made no connection between the future of Collateral and the future of Ablrate. Chalk and cheese. If wishing to avoid collateral damage - best not to stand too close. Ablrate clearly has full FCA permission and has had it for quite a while, since it offers an IFISA. Yes, agreed. So if that is clearly the case, why do people want reassurance from Ablrate and why does Ablrate (alone) feel the need to oblige? It must be due to the unique and close relationship established with the lenders, rather than any suggestion that Ablrate's position (platform risk) is comparable to that of Collateral, rather than FC.
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Post by dan1 on Mar 1, 2018 11:11:16 GMT
Ablrate clearly has full FCA permission and has had it for quite a while, since it offers an IFISA. Yes, agreed. So if that is clearly the case, why do people want reassurance from Ablrate and why does Ablrate (alone) feel the need to oblige? It must be due to the unique and close relationship established with the lenders, rather than any suggestion that Ablrate's position (platform risk) is comparable to that of Collateral, rather than FC. contagion
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eeyore
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Post by eeyore on Mar 1, 2018 12:21:59 GMT
.... why does Ablrate (alone) feel the need to oblige? Moneything issued a statement this morning (Thursday 1st) saying much the same as Ablrate.
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Post by fatbritabroad on Mar 1, 2018 12:50:00 GMT
They did make the point that they share sufficient revenue with lenders that the platform is solvent which is a key point we investors shouldn't forget. The platform needs to make money too
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Post by ablrate on Mar 7, 2018 15:47:57 GMT
We have contacted the administrators to see if there is anything we can do to assist.
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nyneil
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Post by nyneil on Mar 8, 2018 10:25:57 GMT
We have contacted the administrators to see if there is anything we can do to assist. This sounds promising. I'm invested in both, but would like to see more on ABL.
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cb25
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Post by cb25 on Mar 8, 2018 12:36:53 GMT
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