blender
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Post by blender on Jul 4, 2022 11:03:20 GMT
I must differ. It is a wonderful opportunity for any institutional lender, if you consider the potential rather than the unfortunate and unjust circumstances which the borrower has experienced. And I think the SM, unreasonably suspended imo, should be restored pronto. Lifted directly from a very prominent spot on the new lender's website home page "WE FOCUS ON WHERE YOUR BUSINESS IS GOING IN THE FUTURE NOT WHERE IT'S BEEN IN THE PAST" Not lifted, never read it, it's just that great minds think alike. It is important to have some balance in the forum. I wonder if you and greenzero have any stake in Mr F's loans? If you have, this is not a private discussion from which refinancers are excluded. If you don't, please spare a thought for those of use who do and those trying to promote the loan opportunity and restore the platform. I'm not saying you are wrong.
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blender
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Ablrate (ABL) in Administration
AF Loans (ABL)
Jul 2, 2022 22:46:11 GMT
df likes this
Post by blender on Jul 2, 2022 22:46:11 GMT
I must differ. It is a wonderful opportunity for any institutional lender, if you consider the potential rather than the unfortunate and unjust circumstances which the borrower has experienced. And I think the SM, unreasonably suspended imo, should be restored pronto.
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blender
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Post by blender on Jun 27, 2022 17:41:34 GMT
Sad, I remember how keen I was on this worthwhile project when it was first launched. Yes, I was keen too. Bloody idiot. Does anyone know where these are even advertised for sale? I can't find anything. They didn't catch me! I sold out in time and lent my cash to Mr F. Doh!!!
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blender
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Post by blender on Jun 26, 2022 22:31:53 GMT
Sad, I remember how keen I was on this worthwhile project when it was first launched.
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blender
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Ablrate (ABL) in Administration
AF Loans (ABL)
Jun 23, 2022 20:56:09 GMT
Post by blender on Jun 23, 2022 20:56:09 GMT
Wow, the account balance is non-zero! How does the old proverb go? 'Crumbs today mean jam tomorrow'. Something like that, surely. My greatest but dubious comfort is the personal guarantee from Mr F on all these loans.
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blender
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Ablrate (ABL) in Administration
AF Loans (ABL)
Jun 21, 2022 8:59:35 GMT
Post by blender on Jun 21, 2022 8:59:35 GMT
So the thing that is confusing me ... the S project has a contract for providing power but there is no mention of where the money is going and why it cant be paid to us Also I cant see any mention of #113 DT project in the updates These updates are like the bit in Terry Paratchetts Eric where Rincewind is being sacrificed to summon a God who manifests as 6" tall and promptly gets trodden on by the Luggage! Terry Pratchett is just fiction. I expect on 15th August to receive an update from Pope Dave confirming that our AF loans have been the subject of a mysterious and miraculous dormition. This has been unknown since 'the Immaculate Mother of God, the ever Virgin Mary, having completed the course of her earthly life, was assumed body and soul into heavenly glory'. We should be honoured to be chosen - we are not worthy.
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blender
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Post by blender on Jun 21, 2022 8:39:13 GMT
And what would the Financial Ombudsman conclude about the last AF loan, the white elephant ? Not a cent of it went to service any of our loans. So ironically even worse than a Ponzi scheme. Investors are being treated like stooges, except they are not.
Tbf, there is clarity on where some of this went, in that 10% or £50K was retained by Abl as their fee for facilitating this *** .
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blender
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Post by blender on Jun 17, 2022 8:26:58 GMT
What would you have him do? It has been clear for a while, imo, that the future of the platform is dependent of some resolution of the loans associated with Mr F (and his PG). Meanwhile overheads must be reduced to close to zero to allow time for that resolution. That means no staff costs and lack-lustre customer service. And our 'good friends' and 'protectors' the FCA take the chance to put the boot in. Generating other sources of income sounds sensible, perhaps.
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blender
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Post by blender on Jun 14, 2022 8:56:23 GMT
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blender
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Post by blender on Jun 13, 2022 18:55:11 GMT
They offer 5% because at present they can get away with it. But they know that 5% does not match the risk.
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blender
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Post by blender on Jun 7, 2022 8:02:02 GMT
I guess that the third party is the platform, but not the p2p lender who suffers the actual loss. If the p2p lender could claim against the insurer of the p2p valuer then the valuations might be more careful. Or have I got it wrong, again?
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blender
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Ablrate (ABL) in Administration
AF Loans (ABL)
Jun 7, 2022 7:47:29 GMT
Post by blender on Jun 7, 2022 7:47:29 GMT
Holiday? Did I miss it? Nobody told me.
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blender
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Post by blender on Apr 28, 2022 9:53:52 GMT
Another at 6.5% has appeared this morning. Don't tell anybody.
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blender
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Post by blender on Apr 23, 2022 14:52:48 GMT
Only resting, not really dead.
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blender
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Post by blender on Apr 22, 2022 12:23:13 GMT
There should be bid limits to give a chance to those not there when it opens for bids!
More seriously though, it is good to see that Ablrate has not given up. It has always been about more than just the money with this platform. There has been a real commitment to p2p and we can be sure that Ablrate will hang in there, and not sell up or wind up, until it is unavoidable - which I hope does not happen. A short loan with a good rate and a sound borrower is a credible way of buying time to resolve the big issues. Sorry I can't help - too much with Mr F.
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