blueblazer
Member of DD Central
Posts: 60
Likes: 35
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Post by blueblazer on Sept 13, 2018 10:13:00 GMT
How do you see the admin note? There's nothing showing under admin notes on the loan.
You need to be on the New UI to see the latest admin notes. ablrate - do you plan to remove the Old UI in the near future? Thanks. I can see it now if I switch to New UI.
Is there a way to maybe get a notification if something gets added to one of the loans you're invested in?
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jj
Member of DD Central
Jolly Jammy
Posts: 320
Likes: 358
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Post by jj on Sept 13, 2018 12:32:16 GMT
Can someone PM me a copy of the email received for loan 82?
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Post by ladywhitenap on Sept 13, 2018 19:15:41 GMT
The last email I had for 82 was 4th Sept. is this the one you want? Or maybe you want todays admin update?
LW
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jj
Member of DD Central
Jolly Jammy
Posts: 320
Likes: 358
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Post by jj on Sept 13, 2018 20:23:41 GMT
The last email I had for 82 was 4th Sept. is this the one you want? Or maybe you want todays admin update? LW Yes please. I am not in the loan but hopefully I can help you with some information. The email you got on the 4th.
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Post by ladywhitenap on Sept 13, 2018 20:36:47 GMT
PM sent
LW
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jj
Member of DD Central
Jolly Jammy
Posts: 320
Likes: 358
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Post by jj on Sept 13, 2018 21:01:55 GMT
Unfortunately the email didn't provide me with alot of detail. Much less than I had hoped for.
However if ALB is going to go down the legal route I would suggest they get a lawyer that is uptodate with international marine law.
Here is a link that should provide an example of what could happen if not done properly:
So to summarize ALB needs to "nail the writ to the mast" rather than an execution of the possession order. This method has been quite effective for some companies in the past, dealing with fishing boats.
P.S. I do believe that the borrower has the money only she/he is never keen in taking it out of her/his pocket.
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Post by GSV3MIaC on Sept 15, 2018 20:04:29 GMT
I thought we were going to get an update if the borrower had not paid up by 'tomorrow' (from 13th Sept) .. which was Friday, which has gone. The last email from ablrate was back on 4th Sept, unless I missed one. Payment is now 2 weeks late .. I think it's time to send in the gunboats. 8>.
(Q: "How does a loan get 720 days late?" .. see Ly for examples .. A: "one day at a time")
Also .. "You get what you put up with"
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blender
Member of DD Central
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Post by blender on Sept 16, 2018 14:39:12 GMT
We have added an admin note. The basics are that the borrower has made a suggestion for repayment of 3/4 the loan, with the remaining carrying on at the same rate. However, the make up of the security after this event is not something we would be happy with. We have communicated this and if another proposal is not forthcoming we will have legal recovery. I no longer hold this and have not seen the email. But this loan has a minimum term of 12 months and is currently late on the 10th payment. With 14% to lenders and 11% to Ablrate, plus 9% up front, the annualised cost of finance when prepaying after 10 months must be over 40%. Ouch! Pleased to see that Ablrate is being proactive.
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Post by ladywhitenap on Oct 16, 2018 18:10:57 GMT
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Post by fatbritabroad on Oct 17, 2018 9:50:35 GMT
Update email received
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blender
Member of DD Central
Posts: 5,719
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Post by blender on Oct 21, 2018 10:18:06 GMT
98 and 84 please? [Not to mention 105]
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Balder
Member of DD Central
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Post by Balder on Oct 21, 2018 10:29:43 GMT
and 96. Must have been a party last night.
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Post by oktaeder on Jan 20, 2019 7:35:33 GMT
4 payments due from yesterday.
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Post by ladywhitenap on Jan 20, 2019 11:21:34 GMT
4 payments due from yesterday. Do you really expect someone at ablrate towers to be working 7days a week every week? I feel it is completely acceptable to get payments during office hours, 5 days per week. Furthermore if the payments due calendar were to be modified to only show next working days, expectations would be managed better. LW
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Post by oktaeder on Jan 20, 2019 11:30:33 GMT
Sorry but no. They can build a shedule without weekends or install a software doing this job. I have a lot of investments i.e. at Bondora wher payments are made 7/24.
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