ganymede
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Post by ganymede on Feb 23, 2023 20:59:09 GMT
That was a sizeable loan yesterday, I added cash as balance wiped to zero yesterday after the auto lend, today's they auto lending took another large chunk of that added cash for the same loan, rather than me using the buy option.
I've not seen this before, auto lending going back and grabbing a second chunk after adding funds. It more than doubled up on the initial auto lend allocation.
I've have reduced by lend amount so it's doesn't happen again.
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ganymede
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Post by ganymede on Feb 9, 2023 20:15:45 GMT
Monthly interest has been paid. Received interest also, and done the withdrawal.
This might be a worth while article to reference for those platforms in wind down
Does anyone else think this was a highly skilled and professional job with reasonable costs?
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ganymede
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Posts: 299
Likes: 207
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Post by ganymede on Feb 3, 2023 21:32:29 GMT
Two of my three loans that were sold at auction and repaid today are showing interest losses but no capital loss. I saw that also. not concerned, other loans repaid, it's not like every loans is defaulting just some. Not much can be done about existing loans, it the new loans, renewed loans where the valuations need to be adjusted to match current conditions.
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ganymede
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Post by ganymede on Jan 27, 2023 15:10:27 GMT
Today I managed to log in to Huddle, not sure how long it's been available, asked to do appropriateness test.
I made a point of downloading account history, loans plus tax statements.
No idea access might continue or plans, winding down or what ever just making sure I have thing on record.
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ganymede
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Post by ganymede on Jan 6, 2023 15:19:41 GMT
I had this a while back, and just did the test, passed before, no problem passing it again.
Should have been removed, said nothing because it might been seen as a reason to add extra costs so not worth mentioning, test doesn't take that long.
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ganymede
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Post by ganymede on Dec 2, 2022 10:48:26 GMT
01/12/2022 Loans CSP866 (£35,000), CSP980 (£17,500) & CSP886 (£11,500), the last remaining loans with Cash Shop, were due to be repaid today (1st). There will be a slight delay and these three loans are expected to be repaid by the end of next week. Meanwhile the monthly interest has been received and this will be credited to lenders in the morning. Look at account this morning and the interest is there, just too small an amount to make a withdrawal, will have to wait until loans repaid and make the withdrawal then.
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ganymede
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Posts: 299
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Post by ganymede on Oct 10, 2022 9:47:26 GMT
I've raised issue before on transactions, and the way they work.
There is a basic problem with reserving, they do the one thing that should never be done, and that's modify the transactions. What done is the the reserved might be ona given date, but then when converted into an actual loan, the reserve transaction date is change to that date, this means the previous running is correct but only by having the transactions out of date sequence.
The transactions should reflect exactly what has happened, a) Reserve Loan put amount in reserve loan pot, b) transfer out of reserve loan pot, c) purchase of Loan for real. Condensing into a single transaction by modifying the date is wrong, a transaction should be immutable, never touched or changed. If you correct something, you show that as one or more correction transactions. Printing statements for the same period, will change depending on the date printed.
This is one of the reason why I've never been keen on increasing the amount held with Kuflink. Damage limitation. The simple basics are wrong, it maybe internally the information is stored correctly, that's not what I'm getting on the transactions displayed.
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ganymede
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Post by ganymede on Oct 6, 2022 5:30:13 GMT
I noticed website was down, had been up earlier yesterday.
Checked 06:20 today, and after a pause I was able to login.
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ganymede
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Post by ganymede on Oct 5, 2022 21:03:52 GMT
Has anybody tried to withdraw cash from ABL this week? I put in a request on Monday which was acknowledged, but no payment received. Normally they process payments on a Tuesday and Friday. Doesn't look good to me. I put a withdrawal request in on Fri 30th Sep, email on 3rd Oct to say processed, then arrived in bank on the 4th Oct. So in office processing withdrawals on Mon 3rd, might just be a backlog of withdrawals to get through, and not many staff left to deal with them.
I did a withdrawal today (5/10/2022), that hasn't been processed today. Expect it will be processed when they are next in the office to deal with the next batch.
Received email to say processed yesterdays withdrawal request. - 6/10/2022 Check bank account this morning and withdrawal has arrived. - 7/10/2022
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ganymede
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Posts: 299
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Post by ganymede on Oct 5, 2022 12:31:22 GMT
Update from ablrate repayments of #166, #174 expected today have been delayed until mid next week.
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ganymede
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Post by ganymede on Oct 5, 2022 7:56:07 GMT
Repaid today along with 175. Done my withdrawal.
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ganymede
Member of DD Central
Posts: 299
Likes: 207
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Post by ganymede on Sept 6, 2022 13:35:43 GMT
I spy with my little eye, a non zero balance increase above the withdrawal limit.
A slightly delayed repayment of CSP865 Loan today, when I looked in on my MT account, was due repayment on 1st, moved to 9th, but repaid today the 6th.
Withdrawal immediately submitted. Not sure when it will be processed.
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ganymede
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Post by ganymede on Aug 9, 2022 6:14:35 GMT
Showing the withdrawal request as pending and the funds associated with this as frozen is entirely normal for the period until the withdrawal has been processed. What we don't know is how long it will take for the processing to happen. My current account showed the funds had arrived from MT overnight. Guess would be the processing has been done in a batch and will be arriving for most that did a prompt withdrawal today.
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ganymede
Member of DD Central
Posts: 299
Likes: 207
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Post by ganymede on Aug 7, 2022 11:57:24 GMT
there will be stories like this one...
"In January 2018, City of London Police raided Asset Backed Management's office and seized Exmount sales brochures and records showing Burgess's company and its cold-calling staff were collecting up to 40 per cent commission on bonds sold. Officials from the Financial Conduct Authority were present but took no action to stop other firms marketing Exmount bonds, with sales continuing for 18 months."
Just another of those stories about the FCA, there and just stood, watched did follow up.
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ganymede
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Posts: 299
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Post by ganymede on Jul 21, 2022 10:37:09 GMT
I got my email confirming bank details updated. sent 11:07 21/7/2022. From Jack. Same message - high volume of email to respond to.
I did email my bank details, with a note stating unchanged to those held by Collateral.
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