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Post by ablrateandy on Feb 26, 2016 11:27:40 GMT
I'll do it on a pledge basis ladywhitenap . So there'll probably be a cap on pledges at say 2k and I will pro-rata based on that. unmadem we will monitor at least weekly the level of receivables and any cash over and above this will be transferred back to Ablrate. (ie. if they have 50k of receivables and have lent 40k on the back of that, they will put the other 60k back to our bank account.)
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SteveT
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Post by SteveT on Feb 26, 2016 11:49:49 GMT
I'll do it on a pledge basis ladywhitenap . So there'll probably be a cap on pledges at say 2k and I will pro-rata based on that. If "pledging" on small Ablrate loans is going to become a regular occurrence, it would be good to avoid the rigmarole of transferring in money only to transfer maybe half of it out again 24 hours later. How about taking pledges on "trust" and, once the allocation is confirmed, giving pledgers 24 hours notice by email to transfer in the money? If anyone fails to back up their pledge with cash in time, make their share available to others and (critically to avoid abuse) exclude them from the next pledged loan (or for several, if you get a repeat offender). Anyone worried that they may not be around to get the cash transferred in time could simply do so in advance, as now.
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huxs
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Post by huxs on Feb 26, 2016 12:03:56 GMT
I'll do it on a pledge basis ladywhitenap . So there'll probably be a cap on pledges at say 2k and I will pro-rata based on that. If "pledging" on small Ablrate loans is going to become a regular occurrence, it would be good to avoid the rigmarole of transferring in money only to transfer maybe half of it out again 24 hours later. How about taking pledges on "trust" and, once the allocation is confirmed, giving pledgers 24 hours notice by email to transfer in the money? If anyone fails to back up their pledge with cash in time, make their share available to others and (critically to avoid abuse) exclude them from the next pledged loan (or for several, if you get a repeat offender). Anyone worried that they may not be around to get the cash transferred in time could simply do so in advance, as now. I agree the pledge approach seems to be the fairest way to distribute the loan but in its current guise this means that while you know you will only get half (or less) of what you pledge you have to move at least double across and then move the rest back again. This is not only a pain but for me personally where I try not to have lots of spare cash sitting around moving money out of somewhere else in the knowledge that only half or less will actually get placed in the loan is more of an issue.
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Monetus
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Post by Monetus on Feb 26, 2016 12:38:22 GMT
If "pledging" on small Ablrate loans is going to become a regular occurrence, it would be good to avoid the rigmarole of transferring in money only to transfer maybe half of it out again 24 hours later. How about taking pledges on "trust" and, once the allocation is confirmed, giving pledgers 24 hours notice by email to transfer in the money? If anyone fails to back up their pledge with cash in time, make their share available to others and (critically to avoid abuse) exclude them from the next pledged loan (or for several, if you get a repeat offender). Anyone worried that they may not be around to get the cash transferred in time could simply do so in advance, as now. I agree the pledge approach seems to be the fairest way to distribute the loan but in its current guise this means that while you know you will only get half (or less) of what you pledge you have to move at least double across and then move the rest back again. This is not only a pain but for me personally where I try not to have lots of spare cash sitting around moving money out of somewhere else in the knowledge that only half or less will actually get placed in the loan is more of an issue. Yes I agree with this.... I think pledges based on "trust' would be an excellent solution to this issue.
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Post by ablrateandy on Feb 26, 2016 18:55:21 GMT
Stand down. Not this weekend's biz . Some time next week.
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Post by ladywhitenap on Mar 2, 2016 11:42:24 GMT
Stand down. Not this weekend's biz . Some time next week. Is this still on the cards for this week Andy? it's Thursday already and I've not seen any more about this one. Cheers LW
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SteveT
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Post by SteveT on Mar 2, 2016 11:50:19 GMT
Stand down. Not this weekend's biz . Some time next week. Is this still on the cards for this week Andy? it's Thursday already and I've not seen any more about this one. Cheers LW Already?
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Post by ablrateandy on Mar 2, 2016 11:56:12 GMT
Working hard to get it out but just getting ducks lined up. Hoping for the eighth at the moment. It is coming shortly, I'm sure of that!
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SteveT
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Post by SteveT on Mar 2, 2016 11:58:14 GMT
Working hard to get it out but just getting ducks lined up. Hoping for the eighth at the moment. It is coming shortly, I'm sure of that! duck, your fault again
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oldgrumpy
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Post by oldgrumpy on Mar 2, 2016 11:59:04 GMT
Stand down. Not this weekend's biz . Some time next week. Is this still on the cards for this week Andy? it's Thursday already and I've not seen any more about this one. Cheers LW Eh? Have I missed something? Worrayouon Lady W?
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duck
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Post by duck on Mar 2, 2016 13:28:09 GMT
Working hard to get it out but just getting ducks lined up. Hoping for the eighth at the moment. It is coming shortly, I'm sure of that! duck , your fault again Absolutely! In one Contract I worked on I hung a sign 'Blame Dept' above my desk .... water, duck, back
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Post by ladywhitenap on Mar 2, 2016 15:05:47 GMT
Is this still on the cards for this week Andy? it's Thursday already and I've not seen any more about this one. Cheers LW Eh? Have I missed something? Worrayouon Lady W? Oops Sorry about that, I need to adjust the medication again I think. I must be having too much fun hence the time flying by lol Thanks for the projected date Andy. Do I need enough in the account to cover the pledge or just the scaled back amount? Still getting used to the Ablrate ways of doing stuff. LW
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Post by ladywhitenap on Mar 6, 2016 10:12:10 GMT
Do I need enough in the account to cover the pledge or just the scaled back amount? Still getting used to the Ablrate ways of doing stuff. LW PING! Please can someone answer this for me? TIA LW
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registerme
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Post by registerme on Mar 6, 2016 10:16:19 GMT
Morning ladywhitenap, you need funds in the account to cover the amount of the pledge.
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jonah
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Post by jonah on Mar 6, 2016 10:30:24 GMT
Any updates on the eta?
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