keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 3,867
Likes: 2,308
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Post by keitha on Nov 19, 2019 17:54:22 GMT
FC 19/11/19 "We are defaulting this loan in accordance with our standard policies as the loan has now accrued 90 days arrears. On a RAG (Red, Amber, Green) rating, we have allocated this loan a Red Status as we are yet to enter into an agreement with the guarantor. The original risk rating for this loan was a C rating."
FC 21/10/19 "this loan has been downgraded as we have received notice that the borrower is taking steps to put the company into liquidation. We will be contacting the borrower to determine their position and will update you with any further developments."
Companies house
1/11/19 Administrator appointed
from statement of affairs Assets £8338
debts £385,000 of which £300,000 to trade creditors ( feel for them cos they will get nowt and it could send small ones under ).
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Post by shanghaiscouse on Nov 20, 2019 19:05:27 GMT
I don't understand the significance of this posting, I have many, many loans in similar circumstances. Do you think this one is unusual in any way?
One piece of missing information, when did they take out the loan and how many payments did they make. Often they take out a loan, get the funds, then whoosh all the money suddenly disappeared and never gets recovered during liquidation. Its a much easier way of making money than selling drugs, but attracts the same people.
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Stonk
Stonking
Posts: 735 
Likes: 658
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Post by Stonk on Nov 20, 2019 21:48:36 GMT
Its a much easier way of making money than selling drugs, but attracts the same people.
It is surely libellous to suggest that those disgraceful, contemptible, immoral, loathsome scumbags are at the level of drug pushers. The dealers will be starting a class action!
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 3,867
Likes: 2,308
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Post by keitha on Nov 26, 2019 17:40:31 GMT
Its a much easier way of making money than selling drugs, but attracts the same people.
It is surely libellous to suggest that those disgraceful, contemptible, immoral, loathsome scumbags are at the level of drug pushers. The dealers will be starting a class action!
Will it be a class A action ?
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 3,867
Likes: 2,308
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Post by keitha on Nov 26, 2019 17:43:11 GMT
I don't understand the significance of this posting, I have many, many loans in similar circumstances. Do you think this one is unusual in any way? One piece of missing information, when did they take out the loan and how many payments did they make. Often they take out a loan, get the funds, then whoosh all the money suddenly disappeared and never gets recovered during liquidation. Its a much easier way of making money than selling drugs, but attracts the same people. my comment was more around the facts 1/11 liquidator appointed 21/11 FC say defaulting loan because 90 days in arrears
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