blender
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Post by blender on Apr 14, 2022 8:29:31 GMT
More new loans to invest in, choose whichever one you like for your spare cash - as long as you are happy with 5%. Strange that the pipeline contains numerous loans at better rates, but those which become 'upcoming' (should that be outspilling?) are the ones at 5% for us.
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blender
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Post by blender on Apr 8, 2022 10:57:15 GMT
Sold everything in the ISA this morning that was tradeable and leaves me just shy of £3k to transfer out, makes the £100 fee more bearable One day, may have some money back from AF and can get that out as well Left the P1 and a few other loans on the standard account, happy for the tradeable ones to go to term
£100 to transfer out 3k ? Not worth it surely? Use your new allowance.
Yes, probably best to just send it to your bank account.
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blender
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Post by blender on Apr 7, 2022 19:16:21 GMT
Currently a Medium loan paying 8%. Internal refinance with Assetz to Medium High paying 5% !!!!!! Really!!!! How!!!
The how and why has been exposed in another thread involving pigs and troughs. It's called building a company that can attract talent with high salaries and perks funded by large profits. Good luck to them. I can only assume investors are on board at the moment!
I received the email and thought it good that a new loan was coming to use the monthly payment from the Access accounts. Then I found it was 5% for us. Next, please! How? Because they can.
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blender
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Post by blender on Apr 7, 2022 19:05:10 GMT
I'm sure that Ablrate will recall that they posted messages about ASMX saying that liquidity was key to the future of P2P. I'm sure that they remember how we mostly agreed strongly at the time though we were happy with the SM and did not look forward to a 0.5% charge per trade, split between the parties, on ASMX. It's all in the ASMX thread. Unfortunately that means that attacking ASMX is attacking p2p though liquidity. ASMX is an easy target, as a third party site. The way to demonstrate commitment to liquidity is to restore the SM, please. I am looking forward to being able to use it again.
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blender
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Post by blender on Mar 26, 2022 8:46:24 GMT
You probably know it, but lenders on 67 & 68 are already receiving what is due to them out of the £1000 pw being repaid. New readers should know that zombie-loans 67 & 68 are still there because their feet were nailed to the perch before saviour loan 129 was launched, and before COVID. 129 has priority for repayments. Will the zombie loans be saved, or will the saviour loan join the zombies? Sorry.
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blender
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Ablrate (ABL) in Administration
AF Loans (ABL)
Mar 25, 2022 14:51:31 GMT
Post by blender on Mar 25, 2022 14:51:31 GMT
Yes. When discrepancies arise on important and easy to get right things that are going to appear on the public record - like who actually owns how many shares - it can make people wonder what is going on with more complex and less transparent aspects of the dealings between this borrower and ablrate. Like the drawdown of 165 perhaps?
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blender
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Post by blender on Mar 20, 2022 9:31:03 GMT
Come to Lanarkshire, dry and sunny weather guaranteed.
One might ask what security you are offering on that guarantee? sunlight? Looking forward to something I could (literally or figuratively) take to the bank
I think there is a reasonable chance that you could take a fishing rod to the bank.
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blender
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Ablrate (ABL) in Administration
AF Loans (ABL)
Mar 10, 2022 22:30:36 GMT
Post by blender on Mar 10, 2022 22:30:36 GMT
I've been informed that Mr F****** is coming to the Ablrate offices this week to discuss the situation so we will provide an update after the meeting. Kind regards E*** Don't get too excited. An 'update after the meeting' could be the same day, the next day, or more likely ... .
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blender
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Ablrate (ABL) in Administration
AF Loans (ABL)
Feb 27, 2022 8:57:19 GMT
Post by blender on Feb 27, 2022 8:57:19 GMT
Another platform (R********g S*****y) gives expected returns/losses on defaulted loans
This gives a useful sense of the platform's confidence and an indication of what to expect. What would be even better would be to track this against the actual loss/return - to keep all honest.
I wonder whether this would be useful and/or too damaging if it came from Abl for their loans, when discussions are underway
Ditto from us
Nice idea and also done at Assetz. However, I would not be keen to see the publication now of Abl's honest opinion of what may come back from the AF loans (are they formally defaulted rather than just in default?), unless it is 100% plus outstanding interest and penalties. That's what I expect.
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blender
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Post by blender on Feb 20, 2022 0:32:10 GMT
Maybe best not to tell them. It could be a holiday park next time (I wish).
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blender
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Post by blender on Feb 18, 2022 11:01:37 GMT
Hmmm, thanks for that useful process, but I don't think I will bother. Over three accounts we are 'currently exposed to' exactly 100 loans, but they are not all 'downgraded', oh no, not at all. We have £10.51 of capital left in just one loan not defaulted. Its long-term has recently gone that way. We might has some sort of ceremony when the last one is defaulted. What I would like them to do is to sell the rest of the debt and be done with it, please. It produced about £250 last time, which was a nice surprise.
Having said that I made a lot of cash from FC over the years and overall am very pleased with my involvement.
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blender
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Ablrate (ABL) in Administration
AF Loans (ABL)
Feb 7, 2022 8:54:20 GMT
Post by blender on Feb 7, 2022 8:54:20 GMT
Sometimes radio silence is the best approach when things are at a delicate state of negotiations. However a bit of 'lift music' can be reassuring and it is the absence of that that concerns me currently. Not if the Ablrate lift music is Another one bites the dust. Or maybe the refurbished 4Close PortaPodule4-1 does not need a lift?
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blender
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Post by blender on Feb 2, 2022 16:11:23 GMT
Won is taking the pea.
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blender
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Post by blender on Jan 30, 2022 23:48:26 GMT
This loan is suspended today awaiting the interest payment, which should come tomorrow because ABL hold that cash. Over the past month I have sold a chunk of it to exit, and that has helped to suppress the trading price. Just to say that in my case the sales were nothing to do with the perceived quality of this loan, and everything to do with having too much stuck in the AF loans.
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blender
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Post by blender on Jan 30, 2022 0:31:09 GMT
Maybe APF are holding off on the default, as they are standing the first £260k loss The original valuation of £995k was before the site was flattened I believe, although the with planning consent figure was £400k higher. The valuation was over 3 years ago. Unlike Ablrates peas second charges, Ablrate have first charge on this one, with £300k of the loan outstanding & they have the additional £300k second charge available if need be. With a GDV over £5m the Ablrate loan is small fry. Could do without an AF situation here, but there seems plenty of cover for Ablrate anyway. Details mostly from memory, so may need correcting. Edit. 2022 Google Overhead Maps show some sort of groundworks started, near the car parking area. Maybe that's the Ablrate mausoleum.
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