Bagman
Member of DD Central
Posts: 208
Likes: 129
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Assetz Capital (AC)
Website
Oct 21, 2014 11:32:50 GMT
Post by Bagman on Oct 21, 2014 11:32:50 GMT
Hi Chris,
Just a bit confused by this one,
On the adjust my investment target page for an individual loan it says reduce/increase my target investment by* and then the entry box.
do I put my new target in the box or how much I want to go up or down by ?
increase my investment target
reduce my investment target
by *
edit..
with a bit of quick testing, the number to put in the box is the amount you want to increase it by ..
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Bagman
Member of DD Central
Posts: 208
Likes: 129
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Post by Bagman on Oct 21, 2014 11:02:05 GMT
I have logged in and clicked on Dashboard.. nothing happens..
what am I doing wrong ?
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Bagman
Member of DD Central
Posts: 208
Likes: 129
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Post by Bagman on Oct 16, 2014 18:53:16 GMT
This has gone unanswered in the Q&A today: "assuming all goes well today, when would the money be creditted to our accounts?" Do we think we're looking at another 'Unfortunately............etc.' tomorrow? Or else money in our accounts?
Well the Manc Bridge was credited to our accounts at about 10pm last Thursday night, so it COULD still be on for tonight
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Bagman
Member of DD Central
Posts: 208
Likes: 129
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FundingSecure (FS) in Administration
Superman book
Oct 7, 2014 15:56:21 GMT
Post by Bagman on Oct 7, 2014 15:56:21 GMT
There is still just under £4000 left of this one to fund, so not too much of a mad scramble today
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Bagman
Member of DD Central
Posts: 208
Likes: 129
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Post by Bagman on Oct 2, 2014 12:40:18 GMT
Looks like the site has fallen over again
edit..
well that took me over 10 mins to log in and invest a nifty in the hublot watch..
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Bagman
Member of DD Central
Posts: 208
Likes: 129
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FundingSecure (FS) in Administration
Upcoming Loans
Sept 30, 2014 17:40:57 GMT
Post by Bagman on Sept 30, 2014 17:40:57 GMT
So you don't think that the wheels will fall off this one
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Bagman
Member of DD Central
Posts: 208
Likes: 129
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FundingSecure (FS) in Administration
Upcoming Loans
Sept 30, 2014 17:24:32 GMT
Post by Bagman on Sept 30, 2014 17:24:32 GMT
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Bagman
Member of DD Central
Posts: 208
Likes: 129
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FundingSecure (FS) in Administration
Upcoming Loans
Sept 30, 2014 15:57:44 GMT
Post by Bagman on Sept 30, 2014 15:57:44 GMT
And also a static caravan up for tomorrow
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Bagman
Member of DD Central
Posts: 208
Likes: 129
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Post by Bagman on Aug 30, 2014 11:42:11 GMT
Blues today ?
How about Everton v Chelsea 5.30 kick off,
That's quite blue
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Bagman
Member of DD Central
Posts: 208
Likes: 129
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Post by Bagman on Aug 22, 2014 14:09:52 GMT
It is unwound now for me..
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Bagman
Member of DD Central
Posts: 208
Likes: 129
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Lendy (L) in Administration
New Loans
Jul 1, 2014 11:08:56 GMT
Post by Bagman on Jul 1, 2014 11:08:56 GMT
And have sold out... boy that was quick
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Bagman
Member of DD Central
Posts: 208
Likes: 129
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FundingSecure (FS) in Administration
Server Issue
Jun 27, 2014 0:51:31 GMT
Post by Bagman on Jun 27, 2014 0:51:31 GMT
Another one missed, I think we really do need a few more loan deals per week on FS to keep it going.
I have already taken some of my very small investment out for 1% higher loans elsewhere, but I still have a few quid here on waiting for a deal I am quick enough to join.
So How is the loan pipeline looking ?
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Bagman
Member of DD Central
Posts: 208
Likes: 129
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FundingSecure (FS) in Administration
FS still about?
Jun 20, 2014 14:07:28 GMT
Post by Bagman on Jun 20, 2014 14:07:28 GMT
new loan up for a couple of watches, £3500 loan and its at 55% after about 20 mins
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Bagman
Member of DD Central
Posts: 208
Likes: 129
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Post by Bagman on Jun 17, 2014 1:11:59 GMT
I am a biker as well ( Kawasaki 1400GTR ) so I was happy to bid on this loan.
The Vmax is a bit of a cult muscle bike with a super V4 engine , Yamaha just brought out a model upgrade last year and they want at least £21,500 for the new ones, so £3k for a 98 model should be quite easy to get at this time of the year, there are a few on sale here MCN bikes for sale for comparison.
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Bagman
Member of DD Central
Posts: 208
Likes: 129
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Post by Bagman on Jun 12, 2014 16:21:08 GMT
Well all three MJ memorabilia loans to the same borrower have gone T**s Up , but Funding Secure have stepped up and taken ownership of the items and paid us all out both capital and interest, Well done FS
Here is the email I received.
TO: All investors in Michael Jackson Loans
As you are no doubt aware we have three separate loans which were secured against Michael Jackson Memorabilia, the details of which are as follows:
ID: 22084674 £5,000 loaned against a T-shirt and napkin, both signed by Michael Jackson. Valued at £7,500 Activated: 17/10/13. 6 month end date: 15/4/14 ID: 2131040674 £5,600 loaned against 2 hats signed by Michael Jackson. Valued at £8,000 Activated: 8/11/13. 6 month end date: 7/5/14 ID: 858660179 £4,200 loaned against a collection of clothing, signed by Michael Jackson. Valued at £6,000 Activated: 11/12/13. 6 month end date: 9/6/14
All of the above memorabilia were authenticated and valued by an ex-Christie valuer and by Fraser's Autographs - the leading UK autograph and memorabilia valuer and dealer. They provided a range of values - the lower end of the estimates being used as the value against which a loan was extended. Unfortunately, despite ongoing discussions with the borrower, as of today all three loans are in default.
NOTE: - there is one loan secured against Michael Jackson memorabilia that is still active. This loan was to a different client - we have no reason to believe at this stage that this will default - it is therefore not covered by this email.
We have been investigating options for disposing of these collections, including several auction houses including Fraser's, Bonham's, Heritage and Julien's in the USA. We have also been in discussion with several private buyers who had previously shown an interest in these items.
Although we have received offers for some of the items the values were not sufficient to proceed with any sale. You may have heard that there has been an increase in fake Michael Jackson memorabilia recently. Although no-one has questioned the authenticity of the items we hold, the effect of the fakes on the market has been to dramatically reduce the saleability of any real items. Unless we were prepared to accept very low offers the suggestion from all of the experts has been to hold onto them until the current furore about the fakes has died down - although this is likely to be some months away.
We have therefore decided to complete the loan, avoiding the accrual of interest which would otherwise make the possibility of a sale meeting all of the debt more-and-more unlikely. Exceptionally, we will be paying all capital and interest to date to all of our savers out of our own funds. FundingSecure will therefore take ownership of the items - which we will hold onto until we believe the market has recovered sufficiently to warrant resale. At that point we hope to recover the capital of the loan together with a portion of our admin charge.
This is an unprecedented action but we believe it is the correct one to take under these specific circumstances. FundingSecure remains a risk versus reward platform - we will continue to offer loans at high interest rates secured against assets which are professionally valued. There remains a risk that if a loan defaults there could be a shortfall, resulting in loss of interest or possibly even loss of capital. We will continue to strive to avoid this but we can never guarantee 100% return. To date we have a good track record but we would nevertheless recommend that savers should spread their investments across a number of loans to minimise the effect should there be a shortfall.
In addition to this detailed email we will be posting a more general blog on our web site to ensure those savers not directly involved with these loans will understand the position and the action taken.
If you have any questions please reply to this email and we will respond directly.
Sincerely
Noman, Richard, Nigel
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