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ThinCats/ BLN (TC) in Administration
Warning
Oct 5, 2015 7:17:50 GMT
shimself likes this
Post by elljay on Oct 5, 2015 7:17:50 GMT
pikestaff, I'm sure the lawyers have had a say - I'm hoping that someone within TC has a conscience and they will realise that this isn't just a case of the business model didn't work. I think all lenders expect some losses and build that in, but this is different - what happened to the other property interests mentioned in the PG? No reply from TC will just lead to tears all round later when the lenders in the loan find themselves sold down the river by TC. Unhappy customers are usually quite noisy. Whoever KC is getting advice from is giving bad advice.
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ThinCats/ BLN (TC) in Administration
Warning
Oct 4, 2015 11:04:24 GMT
Jack Barlow likes this
Post by elljay on Oct 4, 2015 11:04:24 GMT
<delurk>
Disclaimer: I have a, thankfully small, investment in this loan.
Agree there are lessons to be learned about security especially when the marital home is a major part of the security, but both TC and Richard Mason of Ludgate have gone into silent mode since Jill Sandford sent an email asking us to vote within seven days on whether to accept a full and final 18p in the £ settlement. Jill did send an update clarifying a few things but is now on holiday until after the end of the voting period. Lessons also need to be learned about platforms changing standard practices (e.g. allowing the personal guarantee to become a "guarantee of last resort" without informing lenders.). Lessons also need to be learned about what sponsors information packs are based on (e.g. how security in a property can change from £1.9m to £700k, or whether the value is independently assessed or simply what the property is on the market for).
For a platform whose headline is "An online market for secured business loans" (my bold), it's absolutely disgraceful.
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Post by elljay on Jun 7, 2015 20:54:27 GMT
If you feel the need to name an AC borrower, you can do on the "Private board for Assetz Capital members only" linked at the top of this board. To get access to the Private board you need to be an AC member and follow the instructions above.
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Post by elljay on Jun 7, 2015 20:49:49 GMT
Apologies for the delay, Real Life (tm) has been a bit busy recently. Now discussing with the other mods...
Re creating new boards, I'd prefer to see some traffic about a site before creating a new area for each and every site, just so as not to clutter the place up with lots of (almost) empty boards.
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Post by elljay on Jun 2, 2015 17:10:46 GMT
What french forum please (sorry mods don't be too jealous...)? We won't be jealous!
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Post by elljay on May 31, 2015 8:44:02 GMT
Happy to add boards for them here if there's demand.
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Post by elljay on May 31, 2015 8:41:11 GMT
bigfoot12, thanks for asking before posting. The mods are having a huddle as the rules as written probably need updating. We'll come back to you shortly, but in the mean time please don't name their borrowers. Thanks.
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Post by elljay on May 16, 2015 6:46:19 GMT
Pass... Not up to speed enough with Zopa nowadays. Maybe @zopamat is lurking nearby?
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Post by elljay on May 15, 2015 15:40:35 GMT
PANIIIIC!
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Post by elljay on May 15, 2015 14:43:45 GMT
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Post by elljay on May 15, 2015 14:18:43 GMT
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Post by elljay on May 12, 2015 6:28:45 GMT
[Edit: I see this is updating again - thanks elljay!] Finally got round to fixing it last night. There were quite a few others that had maxed out that I've just fixed so should also start updating again.
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Post by elljay on May 10, 2015 11:14:01 GMT
Is there likely to be a Board for them? If there's demand, sure.
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Post by elljay on May 10, 2015 10:59:26 GMT
I am pleased you have stuck with it. Your input is often useful and interesting. In the absence of any official representation from the company, this is the next best thing. This is one of the reasons I am happy having a larger investment on Ratesetter than on the other platforms I use. Very firmly seconded. Thirded. The forum rules were worded so as not to prohibit people having more than one account, so westonkevRS could have a personal account. Another option would be to flag personal posts as being in a personal capacity, not representing the views of the company in a similar way to the way the mods flag posts as being with the moderator hat on.
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Post by elljay on Apr 30, 2015 6:31:23 GMT
Since I currently have the earth-mother headscarf on That's where it got to!
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