adrian77
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Post by adrian77 on Apr 3, 2019 9:13:23 GMT
And I claim we lenders were deceived by FS not securing these items as stated in their T and C's and being unbelievably incompetent - just my lay opinion.
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Post by biscuit on Apr 3, 2019 16:55:56 GMT
Hi Mousey. it's been 8 weeks since my complaint and of course I have received nothing. It is also the end of the month and I was wondering where we are with all of this? Perhaps we can draft a letter to send to the FCA Next stage under FCA compliants procedure is to raise it with FOS
Agreed, FS are treating the 8 week compants processing time with distain, if they've answered the question once why can't they answer the same question from somebody else imidiately?
That is why I've started to construct a letter to the Advertising Standards Authority, none of those silly delay tactics and they might jsut have more teeth that tehn FSA/FSO. Obviously the name FS is misleading anyone any other significant quotes I can add.?
Biscuit
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mjc
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Post by mjc on Apr 4, 2019 6:47:11 GMT
Not sure who’s the bigger crook this borrower or our agent. The 8 weeks is to hope suckers forget about complaint, or cool down.
Doesnt the platform have to pay for all complaints (after a low threshold)? And so ultimately we pay that fee!
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Post by charliebrown on Apr 4, 2019 12:53:42 GMT
I have on the last day received a response from FS. They claim that both them and us were deceived by a fraudulent borrower. They refuse to answer any question over why they did not have the items in their possession. It it my opinion that lenders were deceived by FS who should have had hold of the surety. FS have recommended I go to through the The Financial Ombudsman Service complaints procedure, which I will do now. Am I missing anything here please? Only that maybe we should wait until its clear FS close to exhausted their efforts because if we don't they might just tell the Ombudsman "...customer hasn't lost any money because we are still pursing the borrower and have a good expectation of a result...." Its tricky though because clearly we can't wait forever. I would suggest that pursuing a crook who has been declared bankrupt does not have “a good expectation of a result”. I hope this borrower is at least given some prison time, hopefully in the cell next to the <redacted>.
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mjc
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Post by mjc on Apr 4, 2019 16:18:07 GMT
I do wonder what that special placed in prison looks like that is reserved for those that launched a platform to give away other’s money without a sketch of a plan on how to recover it?
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adrian77
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Post by adrian77 on Apr 6, 2019 8:43:11 GMT
The link provided by mousey in FS DD is very interesting. Overall it seems to have gone in FS's favour but what good is a judgement/freezing order if the assets have mysteriously vanished?
Advice to FS - read the article as it is very well written without the gross grammatical, spelling and syntaxical errors and is correctly structured so it clearly expresses meaning in a unambiguous way - like what a lot of these "updates" don't!
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Mousey
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Post by Mousey on Apr 7, 2019 10:15:26 GMT
doglover pointed out this amusing tweet from the director who was responsible for these loans:
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adrian77
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Post by adrian77 on Apr 7, 2019 14:48:43 GMT
Interesting post from I think an ex-director?
When it comes to secure storage of both physical objects such as art and mythical ones such as wooden frames I don't think FS can say they aren't that dumb!
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ashtondav
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Post by ashtondav on Apr 7, 2019 18:00:27 GMT
FS.
The pawn broker that issues loans without sight or custody of assets.
You couldn’t f*****g make it up...
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henryjford
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Post by henryjford on Apr 8, 2019 14:06:43 GMT
doglover pointed out this amusing tweet from the director who was responsible for these loans:
Just seen this. Never a truer word... They are THAT dumb!
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rogerthat
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Post by rogerthat on Apr 18, 2019 15:27:44 GMT
Relevant round robin e.mail received on current progress/strategy
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michaelc
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Post by michaelc on Apr 18, 2019 15:40:12 GMT
We have not been asked to keep the existence of this email confidential.
As far as I can tell there is little about the loan we didn't already know and is public.
Away from the loans, it is slightly ominous that they might move to a different categorisation scheme. Following in the footsteps of Lendy would not be recommended.
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Mousey
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Post by Mousey on Apr 18, 2019 15:40:13 GMT
What a disappointing email.
The relative few details mentioned have already have already been discussed in open court (and on here).
fundingsecure should confirm they never had the asset in their possession in the first place.
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adrian77
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Post by adrian77 on Apr 18, 2019 15:47:58 GMT
exactly ! I am not legal expert but the FS email sounds like vacuous spin to me and I wonder if all this confidential gubbins is just a PR stunt...am I encouraged by this email - answers on a digital postcard.
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rogerthat
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Post by rogerthat on Apr 18, 2019 16:15:02 GMT
We have not been asked to keep the existence of this email confidential. As far as I can tell there is little about the loan we didn't already know and is public. Away from the loans, it is slightly ominous that they might move to a different categorisation scheme. Following in the footsteps of Lendy would not be recommended. CONFIDENTIAL Please note that the contents of this email are strictly confidential and intended for the investors of this loan only. This update must not in any circumstances be circulated, quoted or distributed to any other party in whole or in part. Extracts must not be posted on to any forum as this may impact on the outcome of any future claims or litigation.
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