11025
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Post by 11025 on Feb 10, 2015 10:00:04 GMT
Anyone have any info on this ? , just noticed last week's payment is late .
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Steerpike
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Post by Steerpike on Feb 10, 2015 10:11:22 GMT
Oh dear, I hope that this is just a hiccough, this is the one loan on FK about which I felt confident and although I don't have a large sum on the platform this loan is my biggest investment here.
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Post by englebert69 on Feb 10, 2015 11:43:24 GMT
There is an update posted on their loans by FK and I don't think their is anything to worry about yet:
"The borrower has provided a remittance slip showing that payment has been set up for 2nd February (Monday), matching against incoming direct debits from mooring receipts. The borrower noted that they are now going into a strong cash flow period and apologised for the inconvenience caused this month."
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11025
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Post by 11025 on Feb 10, 2015 12:30:36 GMT
I have seen that and it still doesn't make sense , unless I am missing something ....
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shimself
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Post by shimself on Feb 10, 2015 13:18:10 GMT
I asked by email some days ago
I would advise that our confidence in the company has not be unduly rocked by their late payment, this was out of character for the company. During the lifetime of any loan we remain in communication with the borrower, requesting up to date financials and we make telephone contact with all borrowers on the day their payments are due to ensure that we will receive the monies owed. This contact continues until payment is received.
But I agree, Feb 2nd is well past now
Repayments are 8k per month, and they've paid just 2k from January.
Still the security seems substantial to me
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11025
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Post by 11025 on Feb 10, 2015 13:53:26 GMT
I emailed them earlier on , let's see what is said in reply
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11025
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Post by 11025 on Feb 11, 2015 11:28:47 GMT
Update 11th February 2015
The borrower has informed FK that the anticipated funds are now coming through. They have advised us that the delays are a combination of typical slowdown in January and timings of certain cash outflows. Their expectations are that the situation will be fully rectified within the coming days, and they have further advised that moving forward no further delays are likely as they move into a more positive cashflow period.
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Steerpike
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Post by Steerpike on Feb 11, 2015 11:49:40 GMT
Ah goody, a cheque is in the post.
As yet, no such reassurance regarding W******s P***s, in fact no news since 8th January.
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11025
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Post by 11025 on Feb 16, 2015 14:23:43 GMT
Ah goody, a cheque is in the post. As yet, no such reassurance regarding W******s P***s, in fact no news since 8th January. Was that second class or pigeon post ?
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Steerpike
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Post by Steerpike on Feb 16, 2015 15:50:28 GMT
My ship is coming in,
we're gonna make it this time,
and won't it be fine...
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wysiati
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Post by wysiati on Mar 3, 2015 11:53:27 GMT
Update 11th February 2015 The borrower has informed FK that the anticipated funds are now coming through. They have advised us that the delays are a combination of typical slowdown in January and timings of certain cash outflows. Their expectations are that the situation will be fully rectified within the coming days, and they have further advised that moving forward no further delays are likely as they move into a more positive cashflow period. So much for that. Overdue again on the next (Feb) repayment. No word from FK. What's the latest excuse?
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oldgrumpy
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Post by oldgrumpy on Mar 3, 2015 12:01:30 GMT
Give them (FK) a chance to find out. It's only been overdue by a few hours! Feb payment was made on 20 Feb.
edit. Ignore that. I've just realised that they have two loans and Feb 17 payment on the other has not been made. I have emailed FK for an explanation.
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