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Post by oldnick on Aug 5, 2016 17:19:46 GMT
Good job you were not around in the era of Top Tier Lawyer, Crappus ap Scrappus, Death of Foul Air, Cr aepping, Wanglesey, Ipstwicth, Plumber man, Len's Hop Tickle, Bill's Printers, and that one with 10,000 pairs of jeans ..... and others. (Yes, I'm stuck in two of those for quite a lot, and four more for a lot less). ... or maybe you were, but just chose more selectively. Serves you right for putting two pairs of jeans on at once - if you're still stuck you could try getting really angry - I saw a documentary or something where a bloke got so angry he turned green and tore his trousers badly - I wonder if he was a disgruntled investor?
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jjc
Member of DD Central
Posts: 414
Likes: 632
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Post by jjc on Aug 5, 2016 17:32:31 GMT
4 likes in a row (for different reasons) a rarity for me but all worthy: RM for his sage “Believing that, long term, I can keep my personal default rate to <0.5% per annum is... unwise. So I don't”
& that gorgeous final flourish from Grumps. Cracked me to shreds, when I manage to pull myself together will try to console myself by not being able to identify a couple of those (I think), but a mighty laff trying :-)
They say what doesn't kill you.. (but it can come close)
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Aug 5, 2016 19:51:30 GMT
Good job you were not around in the era of Top Tier Lawyer, Crappus ap Scrappus, Death of Foul Air, Cr aepping, Wanglesey, Ipstwicth, Plumber man, Len's Hop Tickle, Bill's Printers, and that one with 10,000 pairs of jeans ..... and others. (Yes, I'm stuck in two of those for quite a lot, and four more for a lot less). ... or maybe you were, but just chose more selectively. Serves you right for putting two pairs of jeans on at once - if you're still stuck you could try getting really angry - I saw a documentary or something where a bloke got so angry he turned green and tore his trousers badly - I wonder if he was a disgruntled investor? It wasn't his trousers (or mine). They survived the crisis but his shirt didn't
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registerme
Member of DD Central
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Post by registerme on Aug 5, 2016 20:29:46 GMT
OK, maybe not you, but perhaps a cousin.....
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blender
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Post by blender on Aug 6, 2016 9:57:00 GMT
ablrate – I think Steerpike ’s problem may not be what you think. ... We are moving developers to a full time team. They have set up the bug fix reporting system, have updated the open items from the old developers and will be beginning work on fixes shortly. It will take tem a few weeks to get to grips with everything, but you should see rapid updates when they are ready. We will make the suggested updates sticky and go through all of the suggestions and see what we can get done quickly. Regards Ablrate I know this has been mentioned in passing, but Ablrate are missing an important opportunity here. Moving from a contract to an in-house team is a very important step because it shows not only a determination to iron out the wrinkles in the system (particularly barriers to entry from a sticky front door) but it also shows a commitment to the future of the platform in a material way. Lenders who entrust their cash to a smaller platform are generally looking for confidence that the platform is here to stay, and this is one indicator. The move to an in-house team is something that should be trumpeted and the implications spelt out, not just an aside on a public forum. Especially when loans which deserve to be filled to the limit are not filling. General communications opportunities are being missed, imo.
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Post by jonboy73 on Aug 6, 2016 15:13:46 GMT
A general update would be much appreciated by me. Although there is positive vibes about the way you are handling the case, being left totally in the dark is a little unnerving. I have to say it is very unnerving to me. I only signed up today at ablrate in order to have a look at the loans etc with a view to investing. I am invested with several other platforms and this one seemed to get a reasonable write up in various places, so it looked ideal for a little diversity.
But, I have to say after reading this and another thread connected to "containers" I am more than a little sceptical about investing here.
Having read through these threads and subsequently doing a few google searches, there seems to be quite a number of posts warning of "container" investments. Several being described by various posters to other forums as "Ponzi" schemes. Nothing connected to ablrate I hasten to add, these are high return (12-20%) schemes being sold in Australia via Hong Kong.
I have no idea what the problem is with this loan(s). I am not suggesting that is in any way similar to the schemes I have come across but the lack of information is a big problem for me.
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jonah
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Post by jonah on Aug 6, 2016 15:16:48 GMT
I agree with blender and his comments a couple up. One other way to do this ablrateandy could be to trumpet the successes of the in house team once they have a few weeks in role and have ironed out some (noticeable to lenders) issues. A great 'we have a growing team and they have fixed x, y and z' type note is generally very well received.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,877
Likes: 11,101
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Post by ilmoro on Aug 6, 2016 15:53:33 GMT
A general update would be much appreciated by me. Although there is positive vibes about the way you are handling the case, being left totally in the dark is a little unnerving. I have to say it is very unnerving to me. I only signed up today at ablrate in order to have a look at the loans etc with a view to investing. I am invested with several other platforms and this one seemed to get a reasonable write up in various places, so it looked ideal for a little diversity.
But, I have to say after reading this and another thread connected to "containers" I am more than a little sceptical about investing here.
Having read through these threads and subsequently doing a few google searches, there seems to be quite a number of posts warning of "container" investments. Several being described by various posters to other forums as "Ponzi" schemes. Nothing connected to ablrate I hasten to add, these are high return (12-20%) schemes being sold in Australia via Hong Kong.
I have no idea what the problem is with this loan(s). I am not suggesting that is in any way similar to the schemes I have come across but the lack of information is a big problem for me.
There was a full email update sent to all lenders yesterday. I'm sure if you email Ablrate or PM ablrateandy or ablrate on the forums they will be able to provide you with a copy to keep you informed/assuage your concerns. Certainly I wouldn't equate this loan to any of the 'container' schemes advertised on the internet but a straightforward asset backed loan secured against containers.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,877
Likes: 11,101
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Post by ilmoro on Aug 6, 2016 16:03:19 GMT
Possible fin tech purchaser for our containers once we get possession? A £210m take-away Daily Mail6 Aug 2016 DELIVEROO has raised £210m from investors to help it expand both in the UK and overseas. The funds will help the takeaway delivery group develop its service called RooBox. These are mini temporary kitchens made out of shipping containers which can pop up in car parks close to restaurants to allow them to quickly expand to process more Deliveroo orders, which are delivered to customers by bike or moped. Will Shu, founder and chief executive of Deliveroo, said innovations like RooBox ‘are at the heart of our mission’.
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duck
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Post by duck on Aug 6, 2016 16:49:21 GMT
So many uses for containers, I used to encapsulate nucl..r waste in them! OK I used specially built (and very expensive) stainless containers when I had to, but general purpose containers had their uses ...... so if anybody jokes that their take away is radioactively hot, stand back, I might just have been there first
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blender
Member of DD Central
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Post by blender on Aug 6, 2016 17:39:01 GMT
A general update would be much appreciated by me. Although there is positive vibes about the way you are handling the case, being left totally in the dark is a little unnerving. I have to say it is very unnerving to me. I only signed up today at ablrate in order to have a look at the loans etc with a view to investing. I am invested with several other platforms and this one seemed to get a reasonable write up in various places, so it looked ideal for a little diversity.
But, I have to say after reading this and another thread connected to "containers" I am more than a little sceptical about investing here.
Having read through these threads and subsequently doing a few google searches, there seems to be quite a number of posts warning of "container" investments. Several being described by various posters to other forums as "Ponzi" schemes. Nothing connected to ablrate I hasten to add, these are high return (12-20%) schemes being sold in Australia via Hong Kong.
I have no idea what the problem is with this loan(s). I am not suggesting that is in any way similar to the schemes I have come across but the lack of information is a big problem for me.
I and other non-lenders of containers (sold mine) have had a full update by email, and personally I am happy with Ablrate's approach and that they have listened to comment and are developing their communications policy. I don't know enough to say where the container project has gone wrong, but it is the first on this platform and a very small part of the loan book. Avoid the containers perhaps - the security is very mobile and hard to track and get hold of - but that is no reason to avoid the platform.
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goopy
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Post by goopy on Aug 6, 2016 18:51:44 GMT
I and other non-lenders of containers (sold mine) have had a full update by email, and personally I am happy with Ablrate's approach and that they have listened to comment and are developing their communications policy. I don't know enough to say where the container project has gone wrong, but it is the first on this platform and a very small part of the loan book. Avoid the containers perhaps - the security is very mobile and hard to track and get hold of - but that is no reason to avoid the platform. I've also received an update via email. Thank you ablrate ablrateandy .
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TitoPuente
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Post by TitoPuente on Aug 7, 2016 17:17:59 GMT
The current situation with the container loans has shown that some secured loans are more secure that others. A building would probably have it more difficult to perform a disappearing act than some containers or a car or a painting. In my opinion, it is quite unacceptable that the asset security in this particular case cannot be located. I was considering deal risk, valuation risk, market risk, downturn risk, but never thought the assets would disappear. For me this is a lesson learned. From now on I will probably expect a higher rate from a loan secured on something that can suddenly become out of sight. Good old property finance, with all of its issues, seems to be superior.
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guff
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Post by guff on Aug 7, 2016 20:16:01 GMT
I am with Talktalk and have had issues in the past. As far as I know I am getting them all but if I was missing some how would I know? Mods do you think it is worth having a pinned thread where Abl can report each time they send out a group email? I realise that this problem might also affect other platforms but I have only recently seen it reported on this one. Word of warning littleoldlady and any other TT users: TT do not support SSL and I wouldn't use TT e-mail to send anything other than humorous pictures of cats and dogs.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Aug 8, 2016 9:42:58 GMT
I am with Talktalk and have had issues in the past. As far as I know I am getting them all but if I was missing some how would I know? Mods do you think it is worth having a pinned thread where Abl can report each time they send out a group email? I realise that this problem might also affect other platforms but I have only recently seen it reported on this one. Word of warning littleoldlady and any other TT users: TT do not support SSL and I wouldn't use TT e-mail to send anything other than humorous pictures of cats and dogs. I don't know what that means (don't bother trying to explain). I do have a gmail account but I suppose that as TT is my ISP the first part of an email's journey will be the same for a gmail account as for a TT account. Is that right? Is there any extra security for me to use gmail?
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