rogerthat
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Post by rogerthat on Jun 22, 2018 14:56:37 GMT
3081348783
41 mins ago
Borrower has been in contact and promised to arrange payment of interest on Monday June 25.
18/06/2018
We were able to reach the borrower today. He is just checking the status of a completion and will either renew of repay the loan this week. 16/06/2018
We have been calling the borrower all week but have not been able to reach him. We will give it one more week before commencing default proceedings. 31/05/2018
We spoke with the borrower today. He expects to be in funds by Friday June 8 and has committed to pay all interest during the following week. 30/04/2018
We have been chasing the borrower to secure an update on this loan. As soon as we have some information, we will post an update. So..not sold and a renewal then ? is it me or is there a similarity between this and the Lytham flat ? 
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adrian77
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Post by adrian77 on Oct 2, 2019 16:24:38 GMT
I also this there is a connection between the Lytham flat and this one
Both have been updated
At least the Lytham flat should be OK as has a very good LTV...
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Post by mrclondon on Nov 13, 2019 13:18:11 GMT
Loan defaulted on the website.
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Post by mrclondon on Feb 4, 2020 11:15:41 GMT
Full recovery with 588 days interest. (Net yield after admin deduction 10.5%)  |
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adrian77
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Post by adrian77 on Feb 4, 2020 13:06:32 GMT
some good news - not least because there seemed to be some questions about what was actually going on here -
borrower's company went bust so a 100% recovery is good news and hopefully a bit more in the pot to pay the administrator without them dipping into our loans
Will be interesting to see what happens with the related loan...
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Post by multiaccountmanager on Feb 4, 2020 13:52:34 GMT
some good news - not least because there seemed to be some questions about what was actually going on here - borrower's company went bust so a 100% recovery is good news and hopefully a bit more in the pot to pay the administrator without them dipping into our loans Will be interesting to see what happens with the related loan... Anything going in to "the pot" afaik goes to the secured and unsecured creditors under the current arrangement agreed by the 3 CC members when caving after being ambushed by the admins' lawyer. Of course one of those members represents those creditors.
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Feb 4, 2020 14:10:22 GMT
some good news - not least because there seemed to be some questions about what was actually going on here - borrower's company went bust so a 100% recovery is good news and hopefully a bit more in the pot to pay the administrator without them dipping into our loans Will be interesting to see what happens with the related loan... Anything going in to "the pot" afaik goes to the secured and unsecured creditors under the current arrangement agreed by the 3 CC members when caving after being ambushed by the admins' lawyer. Of course one of those members represents those creditors. Just got 16.8% interest after costs plus capital. 10.5% PA good result
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huxs
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Post by huxs on Feb 4, 2020 15:29:54 GMT
Typical one of the few loans I didn't have something in  |
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adrian77
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Post by adrian77 on Feb 4, 2020 18:03:35 GMT
yes good result - better than I am doing to date as I have had exactly zero of my outstanding loans recovered
However can I ask have you actually had any money returned to you - given this one went live on 26.06.18 then if we have to wait another 6 months for repayment of our money then the return will be closer to 8.0%? Which is still good I grant you but sadly not all loans are going to return such a result...
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michaelc
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Post by michaelc on Feb 4, 2020 19:49:38 GMT
Anything going in to "the pot" afaik goes to the secured and unsecured creditors under the current arrangement agreed by the 3 CC members when caving after being ambushed by the admins' lawyer. Of course one of those members represents those creditors. Just got 16.8% interest after costs plus capital. 10.5% PA good result Me too but as above I'm nowhere near as confident that that cash will be returned to me.
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michaelc
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Post by michaelc on Feb 4, 2020 19:52:19 GMT
Typical one of the few loans I didn't have something in Think it might have been one of the loans snapped up in seconds - I can't remember. To think we were all so desperate back then to give our money away....
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Feb 4, 2020 20:41:04 GMT
Just got 16.8% interest after costs plus capital. 10.5% PA good result Me too but as above I'm nowhere near as confident that that cash will be returned to me. You might be right the way things are going with FO not paying out investors from client accounts and they are supposed to be operating normally . Then nmaybe FS will try the same.
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