stevio
Member of DD Central
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Post by stevio on Aug 28, 2015 10:55:47 GMT
Have there been any loans on Ablrate that have defaulted or had any issues?
I noticed some loans are paused, what is the reason for that?
Is there a list somewhere of completed loans?
Thanks
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Post by ablrate on Aug 28, 2015 11:37:55 GMT
Have there been any loans on Ablrate that have defaulted or had any issues? I noticed some loans are paused, what is the reason for that? Is there a list somewhere of completed loans? Thanks Hi stevio We haven't had any defaults or late payments. Some loans have shown a late payment simply because we have not automated that yet and the button needs to be pressed at midnight and occasionally we have missed it. It will soon be an automated process. There are two loans paused in the secondary market. One has matured and paid back the capital on the 26th of this month. There was a slight bug that kept it on the system but that has been fixed and will disappear from the system as it is matured. The second one has been paused as the borrower wants to change the loan to an amortising loan (where capital and interest is paid each month) we paused it to give all those who are in the loan now, the option to stay in the loan. If there is anything left after we have switched all those who have selected to stay in the loan it will be briefly listed on the platform for further investment, but we doubt any will be left. After that is done it will be able to be traded on the SM. Hope that helps. The loans that are running (i.e. have been funded and are still paying interest) are all listed in the secondary market. Matured loans will be listed on the FAQ (we are just doing that now) Regards Ablrate
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