09dolphin
Member of DD Central
Posts: 630 
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Post by 09dolphin on Nov 22, 2016 18:27:05 GMT
Update for September after missing a payment was on 27/9 saying they were asking for a "payment holiday" and that on 5/10 they were away from the office. No information since and I therefore assume no action since. No update for October. Seriously doubt if RbS will bother to make an update for November as they didn't bother for October. They paid interest only in August. Payments due on 23rd of month.
Is it normal for RbS to provide this level of information to investors? And by this level I mean basically none.
As a small investor I am quite happy to take action myself as RbS appear disinterested.
When I became an investor in RbS I was prepared to invest in the order of £100K. Thank goodness I only invested <£1K if this is the level of competence I can expect.
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SteveT
Member of DD Central
Posts: 6,873 
Likes: 7,918
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Post by SteveT on Nov 22, 2016 18:35:01 GMT
Let's just say that my cunning strategy for avoiding further ReBS defaults appears to be working a treat  |
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oldgrumpy
Member of DD Central
Posts: 5,087
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Post by oldgrumpy on Nov 22, 2016 19:25:08 GMT
Everything I read about these inefficient and inconsiderate incompetents (ReBS) makes me thankful I have never invested a penny with them!!  |
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426
Likes: 1,211
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Post by sqh on Nov 23, 2016 1:52:32 GMT
Update for September after missing a payment was on 27/9 saying they were asking for a "payment holiday" and that on 5/10 they were away from the office. No information since and I therefore assume no action since. No update for October. Seriously doubt if RbS will bother to make an update for November as they didn't bother for October. They paid interest only in August. Payments due on 23rd of month.
Is it normal for RbS to provide this level of information to investors? And by this level I mean basically none.
As a small investor I am quite happy to take action myself as RbS appear disinterested.
When I became an investor in RbS I was prepared to invest in the order of £100K. Thank goodness I only invested <£1K if this is the level of competence I can expect.
I'm afraid the level of information to investors is woeful in many areas. Three times I've had money removed from my account without explanation. The latest "theft" is very questionable. It appears that the system paid me twice for the same microloan sale three months ago. I only identified this by looking at previous transaction numbers, however it could well be that the transaction numbers are corrupted, it wouldn't be the first time. The legal competence is pathetic, although ReBs keep going on about their improvements. I keep asking Dan what he is going to do about the deceit of H**** I******** S******* and keep getting fobbed off. The truth is M****** L****** (ReBs Legal and Operations Coordinator) has screwed up. Most lenders tone down their criticism of ReBs because they still have money invested. Likewise I have toned down my criticism in this post. EDIT: I use the word deceit in this context. When applying for a loan the borrower stated that they had 3 properties with equity exceeding 10 times the loan amount. Within a few months, the borrower sold the business, stopped making payments and offered 24p in the pound as a settlement of their debt. ReBs have failed to explain what happened to the borrowers assets.
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