ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,906
Likes: 11,127
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Post by ilmoro on Aug 25, 2016 20:07:29 GMT
when will your first loan be up for repayment? A few have already repaid, the film, a property loan, commercial property & one jewellery
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Post by martin44 on Aug 25, 2016 20:22:49 GMT
I have a small amount <1K , i like Collateral, i like the novelty jewelry items and loose gems and the website , but unfortunately lots of small loans means lots of time, but i will stay with them, and invest more when the assets become larger, ie property.
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ali
Member of DD Central
Posts: 313
Likes: 311
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Post by ali on Aug 25, 2016 20:32:15 GMT
I have a small amount <1K , i like Collateral, i like the novelty jewelry items and loose gems and the website , but unfortunately lots of small loans means lots of time, but i will stay with them, and invest more when the assets become larger, ie property. Fair enough. For me, there are plenty of platforms doing property. Property is always the best security, but I prefer not to have all my eggs in one basket. So for me, it's the jewelry that's the attraction of Collateral.
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Post by martin44 on Aug 25, 2016 20:43:57 GMT
I have a small amount <1K , i like Collateral, i like the novelty jewelry items and loose gems and the website , but unfortunately lots of small loans means lots of time, but i will stay with them, and invest more when the assets become larger, ie property. Fair enough. For me, there are plenty of platforms doing property. Property is always the best security, but I prefer not to have all my eggs in one basket. So for me, it's the jewelry that's the attraction of Collateral. ali could not agree more, i am with a few of the property enhanced platforms, i came to collateral for a little diversity, and i am very happy, i hope collateral move forward, but not lose the small investor, unlike funding secure.
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archie
Posts: 1,839
Likes: 1,842
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Post by archie on Aug 26, 2016 6:35:57 GMT
Fair enough. For me, there are plenty of platforms doing property. Property is always the best security, but I prefer not to have all my eggs in one basket. So for me, it's the jewelry that's the attraction of Collateral. ali could not agree more, i am with a few of the property enhanced platforms, i came to collateral for a little diversity, and i am very happy, i hope collateral move forward, but not lose the small investor, unlike funding secure. I agree too. I usually go for the pawn type loans on FS, avoiding the property. Jewellery on Collateral is the attraction. I'm not that concerned how many loans may be to the same borrower because these should be easy to recover.
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n
Member of DD Central
Yet another Nick
Posts: 879
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Post by n on Aug 26, 2016 6:40:29 GMT
ali could not agree more, i am with a few of the property enhanced platforms, i came to collateral for a little diversity, and i am very happy, i hope collateral move forward, but not lose the small investor, unlike funding secure. I agree too. I usually go for the pawn type loans on FS, avoiding the property. Jewellery on Collateral is the attraction. I'm not that concerned how many loans may be to the same borrower because these should be easy to recover. Like cocktails. Make 'em small, drink 'em quick. Yummy.
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Post by Collateral Rep on Aug 26, 2016 7:17:30 GMT
Hi stevio, I think your question has all ready been answered by ali but to add, we do have a few loans which we expect to redeem early, possibly as early as next week. Many thanks, Gordon
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baldpate
Member of DD Central
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Post by baldpate on Sept 25, 2016 18:01:54 GMT
To Collateral Rep , Hi Gordon, two important issues were raised several months ago in this thead, both relating to risk concentration : (a) the apparent discrepancy, in the case of Buy Back loans, between actuallity & the T&Cs in repect of whom lenders are lending to - is it to Collateral (UK) Ltd or to the ultimate Borrower? (b) the need for Lenders to be able to identify the ultimate Borrower - the mooted "Borrower ID" (an issue, incidentally, which I first raised back in June, in this other thread) You last posted on these matters over a month ago. Please could we have an update - preferably one in which you give us some concrete timeline for these matters to be addressed. In contrast with the platforms early responsiveness on other matters, these issues seem to be dragging on unattended, and I find this worrying. I think lenders understand that legal consultation might delay resolution of the T&C issue; but this surely does not apply to the issue of providing an anonymous Borrower ID. I look forward to hearing from you soon Thanks
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Post by Collateral Rep on Sept 26, 2016 6:53:13 GMT
Hi baldpate, I can assure you we are not "dragging on unattended" but are taking longer than expected. We expect the legals to be completed within the next four weeks when we will update T&Cs etc accordingly. We also expect the Borrower IDs to be implemented within the next two weeks. Many thanks, Gordon
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baldpate
Member of DD Central
Posts: 548
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Post by baldpate on Sept 26, 2016 8:10:58 GMT
Thanks for the quick response, Gordon, and for providing a timeline.
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