debaura
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Post by debaura on Oct 8, 2018 18:28:48 GMT
Any thoughts on the proposal? Personally I don't like it.
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jlend
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Post by jlend on Oct 8, 2018 19:42:31 GMT
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cb25
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Post by cb25 on Oct 8, 2018 20:20:26 GMT
Any thoughts on the proposal? Personally I don't like it. Where did you see it? I see no 8 Oct Activity entry or an email to Lenders
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 8, 2018 21:06:26 GMT
I assume reference is to the outine of proposal contained in the previous update
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cb25
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Post by cb25 on Oct 10, 2018 8:50:28 GMT
Any thoughts on the proposal? Personally I don't like it. Agreed. If it's based on the 1 Oct 2018 Lender Update it would lengthen the loan, increase the first-charge-only LTV to something approaching 100% and reduce interest rates. AC/borrower reasoning will be that it'll take years to turn this one around. Key question for lenders - do they believe it will? I'm very doubtful.
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Post by davee39 on Oct 10, 2018 13:25:21 GMT
An Englishman's home can be repossessed due to mortgage arrears. The same should apply to a Scotsman's castle.
The loss making business should be put out of it's misery and the assets sold to repay the debt.
The Q & A on the loan, politely answered by Assetz, suggests that this might be a popular idea.
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cb25
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Post by cb25 on Oct 10, 2018 13:35:15 GMT
An Englishman's home can be repossessed due to mortgage arrears. The same should apply to a Scotsman's castle. But the loan is for a limited company, not an individual.
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shimself
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Post by shimself on Oct 10, 2018 14:16:15 GMT
If that comes up with an error then it is because the contents of this board are only visible to posters confirmed by Assetz Capital to be Assetz Capital members, Assetz Capital staff and the forum moderators.
To request access: please send an email to enquiries[at]assetzcapital.co.uk requesting access to the Assetz Capital Private board and giving your First name, Surname, Assetz Capital user name and Forum user name. Once Assetz Capital have confirmed your identity they will request the forum Admins to give you access to the board.
Many people inc me tink it should be called in. I think the borrower is cheating us
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cb25
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Post by cb25 on Oct 10, 2018 14:39:55 GMT
Your link identifies the borrower. (Edit: Very easy mistake to make, I did the same thing recently)
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jlend
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Post by jlend on Oct 10, 2018 14:44:07 GMT
Your link identifies the borrower.
shimselfPerhaps replace it with a link to the board rather than the specific thread
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star dust
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Post by star dust on Oct 10, 2018 14:47:10 GMT
Your link identifies the borrower.
shimself Perhaps replace it with a link to the board rather than the specific thread Beat shimself to it
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Post by investor01010101 on Oct 13, 2018 14:46:31 GMT
Proposal is just another delaying tactic, already know which way my vote is going. When investors put their money in its "not protected by the FSA" and bad loans cause our investments to be locked up immediately and for months on end, however when a borrower borrows money and offers the security items its never under a condition of "your security is not protected by the FSA" and immediately taken charge to get investors money back. Our money is used to help borrowers, when they shaft us they should be the ones who suffer first not the people who are helping them with loans. At one point this month I had 13 of 31 loans suspended in one AC account so from now on all my votes are for liquidation on any vote, Ill take my losses now rather than wait for loans that might never be repaid.
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alibaba
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Post by alibaba on Oct 13, 2018 15:56:28 GMT
Proposal is just another delaying tactic, already know which way my vote is going. When investors put their money in its "not protected by the FSA" and bad loans cause our investments to be locked up immediately and for months on end, however when a borrower borrows money and offers the security items its never under a condition of "your security is not protected by the FSA" and immediately taken charge to get investors money back. Our money is used to help borrowers, when they shaft us they should be the ones who suffer first not the people who are helping them with loans. At one point this month I had 13 of 31 loans suspended in one AC account so from now on all my votes are for liquidation on any vote, Ill take my losses now rather than wait for loans that might never be repaid. I agree, more lenders should take the position of demanding that defaulted loans are pursued much earlier, we have been and still are guinea pigs, p2p sites are learning and in some cases improving at our expense, their reputations are at stake and they will keep kicking the can down the road for as long as possible, the theory being that we are afraid of loosing all of our investment and we will be grateful for a whatever we can get at some future date, If we try to influence some of these sites to be more aggressive we will undoubtedly lose out in the short term and possibly cause the worst offenders to fail but in the long run the industry will improve.
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Post by investor01010101 on Oct 26, 2018 16:40:21 GMT
And here we go again, right at the last minute on the day the vote was scheduled AC add another potential month delay. Seriously beginning to wonder who these people are working on behalf of. Delay after delay after delay, its becoming an all too familiar theme on AC platform.
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Post by investor01010101 on Oct 26, 2018 16:47:33 GMT
Proposal is just another delaying tactic, already know which way my vote is going. When investors put their money in its "not protected by the FSA" and bad loans cause our investments to be locked up immediately and for months on end, however when a borrower borrows money and offers the security items its never under a condition of "your security is not protected by the FSA" and immediately taken charge to get investors money back. Our money is used to help borrowers, when they shaft us they should be the ones who suffer first not the people who are helping them with loans. At one point this month I had 13 of 31 loans suspended in one AC account so from now on all my votes are for liquidation on any vote, Ill take my losses now rather than wait for loans that might never be repaid. I agree, more lenders should take the position of demanding that defaulted loans are pursued much earlier, we have been and still are guinea pigs, p2p sites are learning and in some cases improving at our expense, their reputations are at stake and they will keep kicking the can down the road for as long as possible, the theory being that we are afraid of loosing all of our investment and we will be grateful for a whatever we can get at some future date, If we try to influence some of these sites to be more aggressive we will undoubtedly lose out in the short term and possibly cause the worst offenders to fail but in the long run the industry will improve. We don't get an option to make a stand until AC offer a vote, and delaying tactics are their main way of avoiding a vote, they are scared the lenders won't care if we lose money and AC reputation is hurt. They particularly don't like my question in the Q&A deleting them at every opportunity. As with all investment this was a risk, I lost and I am fine with that so if AC are reading "I want my money released or returned regardless of losses"
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