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Post by martin44 on Aug 21, 2017 20:16:23 GMT
Would investers please keep us updated on these car loan repayments please 👍👍
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justme
Member of DD Central
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Post by justme on Aug 31, 2017 16:49:10 GMT
Can someone tell me please what is happening to this loan. One car recovered and sold, what about others?
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elliotn
Member of DD Central
Posts: 3,063
Likes: 2,681
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Post by elliotn on Aug 31, 2017 16:59:55 GMT
Can someone tell me please what is happening to this loan. One car recovered and sold, what about others? One group of cars paid just over term, the related loans are expected to pay on time, you can see the days left on the defaulted loans tab.
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Post by Butch Cassidy on Oct 18, 2017 16:09:44 GMT
Collateral Rep on 21/7/17 you updated the following;
".. we have changed the status of this loan to Default and all trading has been suspended. Any part payments received relating to this loan will be deducted from the loan value and interest will be recalculated to reflect the new balance. The borrowers have agreed to repay each loan on or before the redemption date. We will remain in contact with the borrowers to ensure that each deadline is met. We will continue to give regular updates to all investors, in the meantime if you have any questions please contact us..."
I have not received any updates in the last 3 months despite a couple of e-mail requests & sending you a PM; As they are coming due in the next couple of week's perhaps now would be a good time to issue an update?
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baldpate
Member of DD Central
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Post by baldpate on Oct 18, 2017 21:48:21 GMT
I completely agree with Butch Cassidy . Collateral Rep - Collateral earned quite a few brownie points with me for the way they responded to the initial event, but have been gradually losing them by failing to keep us updated (as was promised). The first and largest of these defaulted loans falls due in just 10 days time. I'm becoming concerned at the lack of information.
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Post by Collateral Rep on Oct 19, 2017 10:15:38 GMT
Morning Butch Cassidy, We have been in regular contact with the borrower and everything is still as we agreed. The next loan is due to be repaid on or before the 28th of October and we are confident that this will happen. We will confirm this with investors by email when we receive payment. Many thanks, Gordon
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liso
Member of DD Central
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Post by liso on Oct 19, 2017 10:55:29 GMT
The first and largest of these defaulted loans falls due in just 10 days time. I'm becoming concerned at the lack of information. Nope. AIUI this is the second of these loans.
I had a substantial sum in the first, which COL repaid quickly after default, in full + all interest. It was handled swiftly and efficiently, and I am content that the same will happen with the remaining defaulted car loans.
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zendog
Member of DD Central
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Post by zendog on Oct 26, 2017 13:12:34 GMT
Loan part just repaid 1 day ahead of schedule - happy days . Great work on the recovery collateral!
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Post by pedz14 on Oct 26, 2017 13:20:39 GMT
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star dust
Member of DD Central
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Post by star dust on Oct 26, 2017 13:25:01 GMT
Yes great news, all funds and interest in my account. Excellent work Collateral Rep, and fingers crossed for the remaining three
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Post by gooner on Oct 26, 2017 14:11:10 GMT
This loan (BB00508) was bigger than the three remaining defaulted loans put together. So very promising news indeed
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elliotn
Member of DD Central
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Post by elliotn on Oct 26, 2017 17:32:40 GMT
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,442
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Post by stub8535 on Oct 26, 2017 17:42:30 GMT
Thanks to all at Coll. Keep up the on time payments on these loans please.
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southport
Member of DD Central
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Post by southport on Oct 27, 2017 8:54:18 GMT
This was my first defaulted loan on any P2P platform. I hope all future defaults have a similar outcome.
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min
Member of DD Central
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Post by min on Oct 29, 2017 7:33:07 GMT
This was my first defaulted loan on any P2P platform. I hope all future defaults have a similar outcome. Don't hold your breath. This is the exception rather than the rule and COL are to be congratulated, not only for their efficiency but equally their transparency.
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