blender
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Post by blender on Jun 8, 2016 9:13:26 GMT
In a thread in the general discussion it is said that ABLrate sent an email to lenders yesterday, 7 June, at 16.45, informing them of a new loan and also that comments on loans (presumably on the site, not here) were suspended while (wttet) regulatory compliance was being checked. p2pindependentforum.com/thread/5623/fca-bansI received no such email - perhaps it was to lenders on a particular loan - but certainly want to be on an equal footing with other Ablrate lenders about forthcoming loans. So what's going on please? Also I would wish to know about general changes affecting comments on Ablrate loans. Are there any? - there seems to be a comment box available on existing loans, but of course most of the commenting is here. This is an independent forum and Ablrate have no editorial control, which is good for compliance because it is warts and all, totally honest and open, though that brings its own risks for Ablrate. Is it just me in the dark?
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pauls
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Post by pauls on Jun 8, 2016 9:48:05 GMT
From Ablate ....
Ablrate – the secured lending website ________________________________________ Hi All
I am pleased to let you know that we will have a new loan on the platform tomorrow. The plan is to list at 12.30 pm subject to final checks. If there are any delays we will let you know.
The loan is to a UK leisure and entertainment business that operates large branded and themed venues primarily in the North of England. The loan is secured via a debenture over the operating company, is cross guaranteed from the main group operating company and cross guaranteed by the main group holding company. The loan also carries a personal guarantee from the Group Managing Director and founder.
The loan is amortising, with capital and interest being paid over a 36 month term at a rate of 14% to lenders.
Please review the Loan Proposal and all supporting documents before looking to invest.
In other news, we are reviewing the comments section on Ablrate. Some other platforms have closed comments down on loans citing regulatory concerns. We feel that with a few tweaks we can make that section more useful for each loan, while remaining compliant. A few technical tweaks will be required, so until further notice we won't be using the comments section. Anything that maybe material from enquiries will be posting in the Admin section of each loan. If you have comments or questions, please email myself, admin or any of the team, or complete the enquiry form in the Contact Us section.
Happy bidding!
Regards
David
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daveb4
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Post by daveb4 on Jun 8, 2016 9:50:45 GMT
yep sent yesterday. probably worth if you have not already poping them an email - i am sure something simple in the system or your account details re email issue. The regulatory stuff was a little confusing but i am sure will be explained later on this site in answer to your question.
If you have not checked re the new loan do so quickly as 95% gone and not sure if any more available?
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LittleBear
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Post by LittleBear on Jun 8, 2016 10:04:57 GMT
If you have not checked re the new loan do so quickly as 95% gone and not sure if any more available? The new loan that's currently 95% filled is not the new one described in yesterday's email. The one from the email hasn't been listed yet
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jimbob
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Post by jimbob on Jun 8, 2016 10:07:33 GMT
I got my ducks mixed up and out of order, accidentally invested in D***** again !
Very helpful customer service to sort I must say and await the new loan with interest.
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daveb4
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Post by daveb4 on Jun 8, 2016 10:20:58 GMT
Ahh! Sorry if I confused anyone, saw nearly all went and panic bought! now got twice as much as i wanted in DER and now need to juggle money around ready for new one. Well at least if anyone misses out on DER there will be some spare around on day one! might be a challenge to get rid but cant complain at 14%. Must now undertake wearing of the dunses cap, sit in the corner and undertake lines - 'I am stupid - think before you buy'
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SteveT
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Post by SteveT on Jun 8, 2016 10:32:33 GMT
David B-W has let me know that the new loan (when it goes live) will be £250k initially rising to a max of £750k, so no particular rush!
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Post by betterthanworking on Jun 8, 2016 10:32:48 GMT
In a thread in the general discussion it is said that ABLrate sent an email to lenders yesterday, 7 June, at 16.45, informing them of a new loan and also that comments on loans (presumably on the site, not here) were suspended while (wttet) regulatory compliance was being checked. p2pindependentforum.com/thread/5623/fca-bansI received no such email - perhaps it was to lenders on a particular loan - but certainly want to be on an equal footing with other Ablrate lenders about forthcoming loans. So what's going on please? Also I would wish to know about general changes affecting comments on Ablrate loans. Are there any? - there seems to be a comment box available on existing loans, but of course most of the commenting is here. This is an independent forum and Ablrate have no editorial control, which is good for compliance because it is warts and all, totally honest and open, though that brings its own risks for Ablrate. Is it just me in the dark? I also did not get this email, but turns out it is in my spam folder all the time.
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blender
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Post by blender on Jun 8, 2016 10:51:42 GMT
Thank you for replies. I have never missed an Ablrate email before, and in fact had two yesterday about a deposit - which in common with others went to DER when I would have preferred more diversity. This was before 16:45. Yes I looked in all the email bins and could not find it. The problem will be my end. So now to welcome and assess the new loan and see if I can find any refugee money from FC. Trouble is that the property loans are not repaying on time there.
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Post by ablrate on Jun 8, 2016 11:00:46 GMT
In a thread in the general discussion it is said that ABLrate sent an email to lenders yesterday, 7 June, at 16.45, informing them of a new loan and also that comments on loans (presumably on the site, not here) were suspended while (wttet) regulatory compliance was being checked. p2pindependentforum.com/thread/5623/fca-bansI received no such email - perhaps it was to lenders on a particular loan - but certainly want to be on an equal footing with other Ablrate lenders about forthcoming loans. So what's going on please? Also I would wish to know about general changes affecting comments on Ablrate loans. Are there any? - there seems to be a comment box available on existing loans, but of course most of the commenting is here. This is an independent forum and Ablrate have no editorial control, which is good for compliance because it is warts and all, totally honest and open, though that brings its own risks for Ablrate. Is it just me in the dark? Hi Blender PM me your email and I will check why it didn't get you on the email client. Here are a couple of issues with the comments section: 1. Everyone gets a mail with the comment not in the email. People were searching for a link and accidentally unsubscribing. We made it more obvious, so that has stopped that. 2. We are looking for it to be 'opt-in' and 'opt-out'. I.e 'Would you like to receive updates on this loan?" 3. There is a general concern about compliance with regulation, which has been something this forum has discussed, I understand. We are just taking a step back and assessing how the comments work, are they useful, and what impact do they have on compliance. 4. We had an outsourced solution on the old platform, with internal forums that only registered members could access - it was never used (admittedly we were very new then). This maybe a solution that works better for us now from a privacy point, and the system also provided us with a very good support ticketing system. The forum here is awesome, and we wouldn't be withdrawing from here at all, however, all platforms are reviewing procedures on financial promotion rules etc as it is an obligation, one which we take very seriously.
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blender
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Post by blender on Jun 8, 2016 11:16:17 GMT
Thanks, Ablrate. I prefer not to connect my forum activity with my account and will wait to see if I have further problems. I acknowledge that the problem is likely my end, I welcome and appreciate the new loan and agree that this independent forum is awesome. It would continue slightly less awesomely without Ablerate direct input or an alternative forum. If I were Ablerate I would be reluctant to mess with something that works and is provided free, and just continue to be very careful about how it is used by Ablerate.
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james
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Post by james on Jun 8, 2016 22:56:48 GMT
David B-W has let me know that the new loan (when it goes live) will be £250k initially rising to a max of £750k, so no particular rush! Nice to see the repeat of an approach which worked well last time.
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