stevio
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Post by stevio on May 5, 2023 7:59:59 GMT
Update
Further to our recent correspondence in connection with the making of payments, we are working through a number of issues in order to allow the payments to restart.
In addition, Investors are being asked to supply details of any change in bank details, together with a copy of their bank statement, that clearly shows their name, address, sort code and account number by way of verification. Such details should be provided via your account on the Platform, which will be shortly reopened. All changes should be made no later than 19 May 2023 to allow withdrawals as soon as practicable thereafter.
Investors should note that the Administrators are seeking to ensure that funds can be returned as soon as practicable.
FundingSecure Limited - in AdministrationConfused, what are they asking to do here, do I wait for them to contact me or do I do something specific on the platform?
I read that as you need to do nothing unless your bank account has changed during the frozen period.
That seems to make sense Just says "investors are being asked to supply...". Kinda thought that might mean they are asking me to supply it, but guess it is only if changed
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stevio
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Post by stevio on May 4, 2023 18:55:06 GMT
Update
Further to our recent correspondence in connection with the making of payments, we are working through a number of issues in order to allow the payments to restart.
In addition, Investors are being asked to supply details of any change in bank details, together with a copy of their bank statement, that clearly shows their name, address, sort code and account number by way of verification. Such details should be provided via your account on the Platform, which will be shortly reopened. All changes should be made no later than 19 May 2023 to allow withdrawals as soon as practicable thereafter.
Investors should note that the Administrators are seeking to ensure that funds can be returned as soon as practicable.
FundingSecure Limited - in AdministrationConfused, what are they asking to do here, do I wait for them to contact me or do I do something specific on the platform?
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stevio
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Post by stevio on Feb 21, 2023 14:05:15 GMT
I was wondering others thoughts on the reasons why the returns from P2P have been so low?
to kick things off, here are some of the reasons I believe for the extensive losses:
- BORROWERS - Start ups, extremely small companies, UK based, Covid affected sectors (Hotels, holiday parks, gyms, pubs, restaurants, new houses)
- ADMINISTRATION - Borrowers & platforms, majority of platforms in administration which makes majority of P2P in administration, administration costs, time, other creditors of business
- LOANS - Not a share in business, but a loan to business
- REGULATION - not FCA registered from beginning, lacking FCA compensation
- SECURITY - over valued, lack of security, fraudulent claims
- FRAUD - Borrowers and Platforms
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stevio
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Post by stevio on Feb 12, 2023 15:07:32 GMT
I went ahead and made a claim myself (no CMC), it was straightforward
Main grounds for complaint was that from the TC guide it was billed as:
"Fixed Interest at c.9%"
"A Non-Volatile (stable) Investment"
"Relatively Low Risk"
So not accurately described
NB: at the time (2016) I transferred and subscribed, all UK P2P was regulated, so on the question about other investments held, I didn't tick the "Any unregulated investments" box
Thanks Iainz, how did you go about this? was it through the website you referenced earlier?
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stevio
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Post by stevio on Feb 12, 2023 14:17:17 GMT
Long term active member and returning after a period of absence due to personal matters
I was hoping someone might be able to help me with locating and understanding the Collateral loan agreements. Ie. Who we lent to and how the platform functioned? Apologies if this is located elsewhere on the forum, as mentioned it has been a long time since coming here and a pointer in the right direction would be appreciated. Any retained anonymous documentation in evidence of this would be much appreciated. Thanks for any help
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stevio
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Post by stevio on Nov 5, 2021 7:22:36 GMT
Sorry to resurrect a thread from some time ago I have had personal issues for the last couple of years and not been following up as diligently as I should have been on my finances I am just trying to piece things together and your help would be much appreciated I have a transaction of "Purchased (MTAIR3959) <b>DEFAULT</b> of Hotel & Restaurant in Prestbury - REMAINING CAPITAL BALANCE loan part" as my last transaction on this loan for a small amount I am no longer able to log into my MT account - last login was June 2021 - I presume they closed access because of the administration? Does anyone know the resulting action of the loan part listed above? Was it simply declared as a loss? Thankyou for any light anyone can spread on this
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stevio
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Post by stevio on Feb 17, 2021 16:36:39 GMT
The COL debacle will shortly be entering its 4th year with investors having not received even a morsel back despite many of the property assets having been sold yonks ago for more than the loan amounts (many of the COL property loans were pretty sound from a loan security/valuation angle). Why has there not, it appears, been a cc meeting for well over a year? I'd have thought holding such meetings via Zoom or similar platform ought to be easy. What's the point of forming a committee if it doesn't meet. Prior to this post there does not seem to be a new post since June 2020 - is this the right thread for updates?
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stevio
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Post by stevio on Nov 10, 2020 12:23:06 GMT
Do you have an active account? (ie loans awaiting redemption, funds awaiting withdrawal) Dormant accounts (no loans, no funds) were terminated some months ago - IIRC, January of this year. If you require any details - tax purposes etc - then you'll need to contact them direct. AFAIK, the following is still monitored: support@moneything.com Ah, this is probably what happened, thanks for your help!
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stevio
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Post by stevio on Nov 10, 2020 10:43:26 GMT
I have been away from P2P for a year or so, I can't login to MT account, reset password doesn't work, can someone please update me, is this normal?
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stevio
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Post by stevio on Jun 5, 2020 13:02:48 GMT
That's interesting. So as simple as join a gym and then attend a class? How do you then find out about the hikes, walks etc? May I ask if your male or female? I'm male, so not sure if that is easier or harder? I'm male. I think this does make it harder as most of the classes are mainly women. Having thought about trying to justify that statement I really can't. Thoughts of women sticking together in their cliques, not wanting to appear to be a pest etc come to mind, but it's probably just my own subjective bias. I've only ever been a man, so it's difficult for me to see it from a woman's perspective. Incidentally, one of the guys I ended up as friends with turned out to be gay. Not a problem for either of us, but we naturally tended to pair up in some of the high energy classes that were dominated by women (Body Blast, Lean n Mean etc). I never really went to the gym classes with the intention of trying to make friends. I'd been a member of the gym for quite a long time. I almost exclusively used the actual "gym" part of the gym, I.e. exercise machines and weights, for a very long time. I never made any friends that way. Never really any more than just saying hi to people that tended to exercise at the same times as me. Quite a few people wear earphones and most want to get things done as quickly as possible. I now avoid the actual gym completely as I'm doing so many classes that I really don't need it and the classes are much more sociable. I started going to more classes after a particularly traumatic and PTSD inducing experience. As a result I split from my partner of 20 years standing, took early retirement and dropped my whole circle of friends. After several weeks of moping I realised that I was severely depressed and needed to do something about it. One of my strategies was to ensure that I got out of the house every day. I didn't particularly want social contact, but I realised that it would be good for me. One fairly easy solution was to sign up for a Body Blast class. My ex had dragged me to some of these in the past when her friends were away as she didn't like turning up alone, and i quite enjoyed them. At least I enjoyed the after effects. Again, I wasn't really looking to make friends, just thought it would be beneficial to get some social interaction. Turning up to classes 10 minutes early meant that there was time to have a quick chat with others that were waiting and wasn't too long to endure if no one was talking. The exercise had a major affect on my depression. In fact I'd go as far as saying that if totally cured it. Some classes are more social than others. Can't put my finger on why. I attended a yoga class for nearly a year before finally having a proper conversation with anyone. As it happens, I'm a very keen gardener and decided to take a load of spare tomato plants in one day to see if anyone would like them. That seemed to be the key with the yoga class. I now take any surplus veg in, and have become Mr popular. I think that if I was trying to make male friends in particular I would try the Boot Camp classes (circuit training) there just seems to be a higher proportion of men in there and you have to team up in pairs for exercises. Some people find it quite intimidating to join in classes that they haven't tried before as they are worried that they might not be very good at it. This can be hard to overcome, but I've found people are much more willing to engage with me in classes that I'm particularly bad at. I'm OK at the high energy type classes, I've exercised most of my life via various sports, running and hiking, but I'm shockingly bad at pilates as I'm very inflexible. People are much more likely to chat to offer advice and encouragement when you're rubbish at something. I guess it makes them feel better about themselves. So don't avoid things just because you're bottom of the class, it might be a social advantage. If you're particularly worried about not keeping up then my advice would be to start with a spin class. You get to choose the level of resistance that you're peddling against, so it's easy to turn the resistance down and essentially freewheel for a while without others knowing. It can be harder in high tech gyms like the one I go to as they now have the bikes linked up to a large projector screen where we race against each other, but you can always disable this feature if you don't like it. But again, don't worry about being bottom of the class. It makes everyone else feel good about themselves. My deeper friendship circles have come from daytime classes where I've been invited to join small groups for coffee after (my gym has a Starbucks). This only tends to happen to the daytime classes, which are even more dominated by women, I'm ok with that. The evening classes do lead to occasional invites to the pub after, but these are much rarer in my experience Christmas or someone's birthday etc. Once you're in one of these daytime cliques it tends to become a regular event. If you end up in more than one clique you have to be very careful about spreading gossip between them. I'm always internally amazed at how much bitching goes on between the groups, often started by a misinterpreted comment between otherwise perfectly pleasant individuals that gets blown out of all proportion. Class territorial disputes can also be a prime source of unspoken conflict. I always ask neighbours "if it's OK to stand here" when starting new classes. It's amazing how much information that can sometimes elicit. I'm a keen runner. I find that it's by far the best way of keeping my weight in check. Mentioning this fact in a new group, especially among women, almost always leads to the opportunity to start up a new running group. It's surprising how many people would like to be a runner but feel that they wouldn't be able to do it. Everyone without specific disability/illness can. They just need a bit of gentle encouragement and a sensible plan to start slowly and build up. I've started a couple of groups this way and several regular participants who thought they couldn't run have gone on to complete half marathons and constantly tell me how much weight they've lost. I take as much pleasure from their achievements as they do, and it forces me to get out when I don't feel like it as I don't want to let them down. The invites to cycle, run, walk or hike tends to mainly come from the various daytime coffee drinking cliques. You could also join one of the local interest groups in your area if the gym class thing doesn't work for you. A local foreign language class might be another idea. Sorry I've rambled on far more than intende, but I guess that's OK on a chat thread! Having read that back to check for the usual autocorrect errors it sounds like I'm putting myself forward as some social guru. I can assure you that nothing could be further from the truth. I'm generally a fairly unsociable type that happens to have stumbled across some very nice people at my local gym who have taken pity and befriended me. Thank you for taking the time to reply in such detail, it does help! I was wondering maybe how to join some exercise classes and you have given a great male perspective of how to do that in a way that is not to much looking like a weirdo lol I might consider something like Salsa dancing if available around here as a way to meet people
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stevio
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Post by stevio on Jun 5, 2020 4:57:45 GMT
10 years working at home
I identified my interests and look for friendship there.
My free time is spent in the Gym, wine tasting, Maker Space, In Bloom and find a wide circle of friends
Nutters are everywhere. I tend to put up with them for a couple of years then weed them out. It can be as emotional as a sacking, but needs must.
It helps to think of your self a traditional home worker, weaver, corn merchant etc. Just move out of the exisiting thought patterns of an office worker.
Similar story here. Other than family or neighbours, my whole social circle emanates from the gym. There's always someone organising a walk, hike, run or cycle ride. Even during lockdown there have been regular classes via zoom. Also regular zoom coffee mornings for catch-ups. I find these a little awkward to participate in, but force myself to attend. I'm not a natural socialiser. My advise is, find a local group(s) related to something you enjoy or are interested in. Everything else seems to flow from that. Don't try to force anything, other than yourself to attend. It can take a while before natural friendships form. I agree with the nutter thing, but it's more awkward for me as I think I am one 😁 That's interesting. So as simple as join a gym and then attend a class? How do you then find out about the hikes, walks etc? May I ask if your male or female? I'm male, so not sure if that is easier or harder?
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stevio
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Post by stevio on Jun 4, 2020 11:55:19 GMT
"I am often happy with things as long as they are still functional and rarely replace things until they stop working"To me this is normal, and people buying replacement stuff every year or two are insane. Unless you're one of the very fortunate to be able to do both, I'd much rather own my own time instead of shinier stuff. I hope those queueing for hours to access IKEA in a pandemic can overcome it, one day edit: This is my angle. My wife, being a nicer person than me, does exactly the same but for ecological reasons. An equally valid reason not to buy endless tat. I guess TIME is one of those things you should spend money on You can't replace it and can buy it back as holiday
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stevio
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Post by stevio on Jun 4, 2020 9:23:37 GMT
I know a lot more people have been working form home during the virus, I have been working from home for the past 15 years. It definitely has it's benefits: - No commute - Can complete other non - work tasks - Control work environment - Flexibility working schedule However there have been a number of problems that I have found difficult to cope with isolation - no chance of making friends from work and being alone in the house for long periods I have considered going back to work in an office, but the main benefits above are lost and I would very much like to keep them. I wondered if anyone else has experienced this and what they might have done to combat this? You appear to be positioning this as an either / or situation - 100% at home OR 100% in the office - and maybe it is for your particular situation / role? Most of the roles I've held over the past 15yrs have had an element of 'flexible working' to them including working from home, and it's probably accurate to say that, in general, employers are increasingly recognising the need to provide flexibility so that their employees can establish and maintain a better work/life balance. My last role I would typically only work 2d/w* in an office. Is there no option for you to take that flexible approach and adapt your working patterns? * - as an aside (and maybe particular to my situation) my partner also works from home and would maybe go into the office three or four time a year. We found that working and living in the same space 24/7, is not conducive to a harmonious household. Those two days I spent in the office weren't always 100% necessary from a work perspective! On a positive note, it has probably made lock-down more bearable as we are more familiar with spending large blocks of time together; something that other working couples might have struggled to adjust to. Thank you, yes unfortunately, due to distance to the offices, it is likely to be all or nothing with regards to working from home When working in an office previously, most of my friends were from work. So I have considered going back to an office to help in making friends, but it could mean changing careers and a pay cut and ultimately losing the things that I like about working from home. Although the isolation is hard, I decided against going back to an office in some way I do think it's likely I could possibly have the best of both worlds, if I could just nail down the social side outside of work When working from home I have no problem being on my own during the day and my ex-partner used to be my main social interaction and also the source of friends. When we split, our friends went with her as they were mainly from her work I hope to join a badminton club when this virus is over, but not great at many other sports, other than that I don't have many ideas I am not really into volunteering, though I would in an animal shelter, but the nearest is quite far away It's a bit too intimidating for me to just walk into the local pub on my own (it's more of a town than a village, so a little harder to know people from the street) I've seen this website suggested but have not tried it due to the virus www.meetup.com
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stevio
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Post by stevio on Jun 4, 2020 9:00:11 GMT
My income increased dramatically when I started contracting but I continued to spend the same as before and my saving increased. I have enough money to buy things and would not be in debt
I struggle to take time off work as it is unpaid time and I compare what I could earn
I am often happy with things as long as they are still functional and rarely replace things until they stop working
Example would be a mobile phone, kitchen, bathroom, car etc
Saving money has become an obsession and it can effect negatively effect an experience as I look for a voucher or bargain or search for the cheapest price
I have read this might be money dysmorphia
I wondered if anyone else has experienced this and how they overcome it?
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stevio
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Post by stevio on Jun 4, 2020 8:33:53 GMT
I know a lot more people have been working form home during the virus, I have been working from home for the past 15 years.
It definitely has it's benefits:
- No commute
- Can complete other non - work tasks
- Control work environment
- Flexibility working schedule
However there have been a number of problems that I have found difficult to cope with isolation - no chance of making friends from work and being alone in the house for long periods
I have considered going back to work in an office, but the main benefits above are lost and I would very much like to keep them.
I wondered if anyone else has experienced this and what they might have done to combat this?
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