blender
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Post by blender on Nov 13, 2019 15:39:19 GMT
The general purpose charitable trust to be set up by FC was a really good idea, I thought (not my idea and I forget who put it forward). The trustees could select suitable recipients for the cash collected from recoveries etc. If you can leave an FC account in your will to a named beneficiary, then it would be a bit of a poisoned chalice. I wonder if it would be sufficient to identify the beneficiary through a P2PIF username?
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blender
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Post by blender on Nov 12, 2019 22:46:48 GMT
Long ago it was suggested on the forum that FC should create a charitable trust which lenders (or their heirs) could endow with unwanted residual FC accounts. FC would not consider it, though you would think it could generate some good publicity. I guess you could leave your FC account to a cats home in your will.
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blender
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Post by blender on Nov 12, 2019 10:42:59 GMT
The new tool is not an embellishment, it's there to hide the general poor liquidity by repaying small regular installments of each withdrawal request. So perhaps more like painting over the rust on the Trabant. I agree that FC is worthless because the model has failed. They cannot afford the resources to properly supervise the amount of poor lending which results from computer-based due diligence on unsecured loans. The sorting hat is too easily fooled.
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blender
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Post by blender on Nov 11, 2019 23:33:37 GMT
I would be interested but my cash sits in 132, which started on 4 Oct but still, somehow, has 18 days to go - and nearly £200k to the minimum required. Would someone wake me up in a three weeks' time, please?
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blender
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Post by blender on Nov 7, 2019 17:02:16 GMT
I have no direct experience of Rebs, and have always been put off by the pretentious name. They started in 2013, but to be fair it can take quite some time and a lot more lending to rebuild a society. Perhaps after Brexit.
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blender
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Post by blender on Nov 7, 2019 11:52:41 GMT
The two platforms are like chalk and cheese. What matters on this one is the level of supervision over the payments made, or occasionally not made on time. And on that measure Ablrate is second-to-none.
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blender
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Post by blender on Nov 5, 2019 18:48:39 GMT
'We have paused loan 101 and 109 for the next 24 hours. ... Posted On 31/10/2019 14:04'
I have often wondered how many normal 'Earth' hours there are in an Ablrate hour, or day. Quite a few I think - five to one so far in this case. Even in space series like Star Trek the aliens all kindly work in Earth hours, or days or seconds for their dastardly countdowns - no matter what periods the passage of time might take on their own planet. It's only on Earth itself that the timings are not meaningful. Washing machines, for example, consistently say they have two minutes left, but if you wait it is clear that their minutes relate to another world. And then there are Ablrate hours and days, which are clearly proper to some other alien planet with an erratic, but always slower, rotation than the Earth. That 'final paperwork' on 129 for example is almost legendary. Pleased to know that the eventual news on this will not be bad.
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blender
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Post by blender on Nov 5, 2019 14:57:26 GMT
Cake shop has paid up. There should not be a problem this soon into an interest-only loan.
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blender
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Post by blender on Nov 5, 2019 9:35:55 GMT
Silly me, I thought that 'Selling Tool' was a new job title in FC.
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blender
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Post by blender on Nov 4, 2019 13:07:12 GMT
Pleased to see the admin note, ablrate . There is a slippery slope between regular late payments being tolerated and a general idea that repayment is optional. That's what happened, in part, to Funding Suckers imo.
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blender
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Post by blender on Nov 4, 2019 8:51:39 GMT
123 is on its way buy the sell off Your sell-off? 123 is on its way - sit tight. But it is the third strike.
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blender
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Post by blender on Nov 2, 2019 9:33:45 GMT
When this thread reaches 120 pages will it stop and a new thread need to be started? The old thread will be deleted and posts on a new thread will be broken up into installments of one or two words, interspersed with part-posts from other contributors.
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blender
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Post by blender on Nov 1, 2019 14:49:09 GMT
I thought it was Asterix the Gaul - but that would have a capital A The whole thread has been rendered p**ntl*ss.
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blender
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Post by blender on Nov 1, 2019 14:43:27 GMT
Looks like the cake shop 123 has missed repayment date for the third month in a row. Let's hope their baking is better than their financial management. Their cashflow management seems to be working well for them. Don't say that! Please let me believe that they keeping a close eye on a souffle in the oven, rather than on a troublesome cash flow which refuses to rise. Either way, this is the end of my relationship with the cake shop.
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blender
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Post by blender on Nov 1, 2019 12:17:29 GMT
Definitely overproved by now.
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