kaya
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Post by kaya on Feb 5, 2016 9:47:29 GMT
How does one find evidence of this business as a going concern? The website 'in development' has not appeared, as far as I can see. Can it really take up to four weeks for a bank to trace a 'missing payment'?
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kevinkelly
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Post by kevinkelly on Feb 5, 2016 16:13:47 GMT
Can it really take up to four weeks for a bank to trace a 'missing payment'? Only when more plausible excuses are absent from a borrowers repertoire. Still, it's one step above "Cheque's in the post"
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Post by gaspilot on Feb 8, 2016 10:42:13 GMT
There's another gym equipment loan company (W*****T D****T LTD) that seems to be in more trouble than the above one.
17 days late and they're not answering the phone. Trustpilot review gives it a one star rating and the reviewer also states they are not answering the phone.
Yet another default in the making!!
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kaya
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Post by kaya on Feb 8, 2016 13:55:52 GMT
Despite statements to the contrary, I very much suspect that there is a direct connection between these two loans. Same type of business? Same general location? And that other loan also experienced a previous problem with a 'lost payment', that was never explained. I do hope I am wrong, but my suspicions are increasing, though it is difficult to believe that a borrower would go to such lengths to create - and even provide evidence to back up - an elaborate lie. Only time will tell. Plenty available at -5% if you fancy it, and if the secondary market were truly free, with no restrictions, (like e.g. at FK), loan parts might go for a lot less than that!
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Post by gaspilot on Feb 26, 2016 19:27:51 GMT
And it's now been suspended from trading on the SM having missed two payments. I'm glad I reduced my holding to a relatively small amount.
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Steerpike
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Post by Steerpike on Feb 26, 2016 20:44:45 GMT
And it's now been suspended from trading on the SM having missed two payments. I'm glad I reduced my holding to a relatively small amount. I thought that I still had some of this, but I'm glad to say that I sold mine at a small profit in September and October last year. I only wish the same applied to Les Mis, Broken Watches et al.
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Post by captainconfident on Feb 26, 2016 21:08:26 GMT
On the face of it, gym equipment #2 is up to date bar a missing payment two months ago. If they were defaulting, why do they keep paying? The logical answer is that the payment from December really has gone astray.
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kaya
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Post by kaya on Mar 8, 2016 11:10:56 GMT
Your logic is impeccable of course, but the main problem is that the results from the 'missing payment bank trace' also now seem to have gone astray! Rebs perhaps also sense this clash of logic, since trading in micro-loans is now suspended. Apparently this is not a change in policy by Rebs (see ideas thread) - though one might disagree, since nothing else has changed from last week, and other late loans have now received the same treatment. We are now, apparently, to be 'protected' from making dodgy purchases to avoid upsetting FCA regulations! Can I have my recent, and very logical, purchases annulled then?
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Post by mrboo on Mar 8, 2016 13:12:41 GMT
some sizeable CCJ's in place on both "linked" businesses, and also the other ltd co. who owns 50% of shares of w*** F** has substantial and recent large CCJ's..downwood spiral me thinks.
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kaya
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Post by kaya on Mar 8, 2016 13:25:26 GMT
CCJ's now? Is that a Cataclysmic Catastrophic Joke? ( of a business).Time for another holiday for the director's, I think. Now, I wonder where they get all the lolly to afford all these trips abroad. On yer (exercise) bike!
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kaya
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Post by kaya on Mar 11, 2016 11:54:27 GMT
Can it really take up to four weeks for a bank to trace a 'missing payment'? Only when more plausible excuses are absent from a borrowers repertoire. Still, it's one step above "Cheque's in the post" Ha ha, the Electronics Company really did use that one, and it was then in the post twice! Now waiting to see if the said cheques were constructed from an elasticated rubbery material. Meanwhile, would Rebs care to comment on the assertion above, that a CCJ has been registered against the gym equipment business?
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kaya
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Post by kaya on Sept 15, 2016 9:03:04 GMT
The latest update on this loan appears to confirm the direct connection between it ( borrower Mrs C****r) and the W****** Direct Loan (borrower Mr C****r ?). Were not these two loans presented to lenders as completely seperate entities? ( and which Mrs C****r clearly 'confirmed' on the discussion board more than once). What did Rebs know? Have lenders been misled? The latest update would appear to be present more deliberate obstifications and delaying tactics by these ''borrowers'' ( I can think of a much more appropriate word). I would love to be proved wrong of course.
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