goofy115
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Jul 3, 2018 22:24:37 GMT
Post by goofy115 on Jul 3, 2018 22:24:37 GMT
A little known fact about the England and Arsenal forward Danny Welbeck is that is father use to be a bomb disposal expert called Stan.
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goofy115
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Post by goofy115 on Jul 2, 2018 23:06:22 GMT
FundingSecure are the Neymar of my Peer to Peer dream-team portfolio. A top earner, plenty of success, and yet the way they handle themselves on the P2P pitch is just embarrassing to watch. Collapsing in a heap at the slightest hint from the borrower that they might not like to pay up promptly. Still feigning even when the whole world can see it's a put-on. FS could learn a lot from bridgecrowd in the way they handle late payments etc.They give the borrower a reasonable amount of time to cough up with the readies and failing that papers are swiftly served for repossession of the property.Members of BC would have received an investors newsletter around the 5th of April this year that had the following quote: ’We even know of one very very large property platform that has stated to brokers "just send us what other lenders won't do, and we will do it". We think we will start to see many bad loans and capital write offs popping up on these platforms (if they haven't already) and and this will likely tarnish the industry to some degree.’ If or if not they are referring to FS one thing is for sure.We are highly likely to see some big losses pretty soon probably in this one and several others on this platform.
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goofy115
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Post by goofy115 on Jul 2, 2018 20:56:16 GMT
Incidentally I just had a quick scan of investors in the 2nd and 3rd loans (which almost seem inevitable for a 100% loss) and there are several in for 10k and one for 17k.Not as much as some have in the cinema but still amounts not to be sniffed at.Anyone know if auctionhouse stream their auctions online? This time it’s in London - make of that what you will.
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goofy115
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Post by goofy115 on Jul 2, 2018 19:46:20 GMT
It's back up for auction on the 18th of July with a guide price of £1m.Again FS dont keep the investors in the loop (wonder why!) and another FS investment that is not going to end well.
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goofy115
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Post by goofy115 on Jun 23, 2018 10:06:23 GMT
Loan 2502168101 renewing today at 5pm.
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goofy115
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Post by goofy115 on Jun 22, 2018 10:16:50 GMT
I'm a little bit more optimistic about getting my money back on this one.Especially with the borrower attempting to refinance with a broker who FS have dealt with before and is reasonably confident of refinancing taking place.Although the update provided today was not quite what we wanted to hear it was far more informative then the recent ones.
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goofy115
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Post by goofy115 on Jun 16, 2018 10:25:55 GMT
Updated posted today:
Interest has since been raised to renew this loan. We are waiting for some further clarification on the planning prior to renewing the loan.
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goofy115
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Post by goofy115 on Jun 14, 2018 19:35:57 GMT
I think this forum would benefit from some sort of downvoting system in addition to upvotes. If a particular post gets enough downvotes it gets hidden, and if a particular user gets consistently downrated then all their posts are automatically hidden and don't bump threads. Might stem the flow of useless information and leave the informative, intelligent and humorous posts more visible. If you wish you can block certain members posts.Go to the members section on the home page, search for the member you wish to block,click on the tools icon and select block members posts.
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goofy115
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Post by goofy115 on Jun 11, 2018 14:58:48 GMT
This loan is one of three loans referred to in the the June newsletter with the following quote:
'We also have a number of properties where sales have been agreed and the legal process is underway and expected to be completed in June.'
Here's hoping....
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goofy115
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Post by goofy115 on Jun 1, 2018 15:16:17 GMT
additional loan today first tranche of a 5th facility (ranks behind) you can buy plenty on the secondary market at -1% that wont rank behind the new one. This new facility is partly to obtain planning permission; the loans are nearly a year old, dont they have planning on the site? whats going on? 'Borrower has decided, instead, to sell. However, they wish to secure planning permission prior to sale.'Another one for Adrian's smutty stick me thinks.
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goofy115
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Post by goofy115 on May 31, 2018 10:12:13 GMT
I wonder if the borrower themselves reads this thread because they are probably laughing their socks off at the situation this ‘loan’ has got into.They know full well they have FS over a barrel and are in a no lose situation.FS won’t default because of the costs involved/likelihood of a pitiful return/bad publicity.We all (or should) know the risk in p2p lending but with FS it seems the risk is far greater than the potential reward.In fact getting a loan from FS is better than gambling,if your project (if you actually have one) comes off you might make a few quid and if not you just declare yourself bankrupt and you have virtually lost nothing.
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goofy115
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Post by goofy115 on May 31, 2018 8:26:32 GMT
Whilst walking down a street near a prison I observed what appeared to be a short man lowering himself down the prison wall. ‘Ah’ I thought to myself ‘That’s just a little condescending ‘.
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goofy115
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Post by goofy115 on May 30, 2018 20:11:40 GMT
Two electrons are walking down the road when one turns to the other panicking ‘I think I’ve lost an electron!’. ’Are you sure?’ ’I’m positive!!’.
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goofy115
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Post by goofy115 on May 30, 2018 9:37:59 GMT
fundingsecure have confirmed to me on Live Chat that funds will be withheld from this morning's further tranche, once filled, to renew the original £950k loan (currently 222 days) and presumably also the first of the additional tranches (208 days). Sound like the refinance we were told about on 3rd May will take rather longer than the 6 weeks then estimated. I reckon the original loan is a corker but I'm not sure I'd want to be 4th or 5th in the pecking order... (crossed with steve11523) Thanks for this information (amazed someone was able to give you an answer so quickly,lol).I'm in the first tranche but I'm losing confidence in FS so I won't be renewing.
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goofy115
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May 29, 2018 16:03:05 GMT
Post by goofy115 on May 29, 2018 16:03:05 GMT
Two aerials met on a roof,fell in love and got married.The ceremony was rubbish - but the reception was brilliant.
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