jj
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Jolly Jammy
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Post by jj on Feb 8, 2020 9:29:04 GMT
I feel sorry for people who just had money lying in their account.
Two years. I mean come on.
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jj
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Post by jj on Feb 7, 2020 21:29:58 GMT
Well, the winners are usually the ones that go on to fail!
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jj
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Post by jj on Jan 30, 2020 21:33:27 GMT
One has to come to the conclusion that anything in a 30 miles radius of Liverpool merits bargepole status. Time and again this area has featured in loss-making investments. The financial community around there seem to work together against the interests of lenders.
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jj
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Post by jj on Jan 28, 2020 18:28:32 GMT
Who would have thought. Black swans causing a black swan event.
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jj
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Post by jj on Jan 27, 2020 6:40:09 GMT
I am in ETI but I have not received any adverse information about it. What have you heard? You should have. The loan will not progress to phase 2 because the borrower has not bothered to do the work required.
You should have got some money back at the same time you received the email via your inbox. Dated 20/01/20.
There will be some debate about what is a default, again. CP perhaps claiming it is not a default. Hence:-
noun failure to act; inaction or neglect: They lost their best client by sheer default. failure to meet financial obligations.
verb (used without object) to fail in fulfilling or satisfying an engagement, claim, or obligation. to fail to meet financial obligations or to account properly for money in one's care: When he defaulted in his payments, the bank foreclosed on the car. verb (used with object) to fail to perform or pay: to default a debt. to declare to be in default, especially legally: The judge defaulted the defendant.
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jj
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Jolly Jammy
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Post by jj on Jan 26, 2020 15:18:47 GMT
Hi guys, I am looking to invest in peer2peer, after a bit of research I came across CP (crowdproperty), the interest looks good 8%, you don't get that at any bank in the UK, you barely get 2.5 with HSBC HTB ISA. I got a few questions: 1. Have you had problems with projects that went default? Did you manage to get your investment back? 2. I have just opened a IFISA account with CP, should I transfer 20k to this IFSA and let auto-invest on? or spread the IFISA 20k accross more p2p? which ones give you confidence? 3. How much are you guys diversifying? 4. How do you calculate the tax? I will probably have more questions, but meanwhile if you can help me with these with be awesome! Regards, D Hello there,
I am only going to answer the way I see it, which it seems going to be different from everyone else:-
1. Yes! It's not obvious if there are defaults or not because CP doesn't show that on their investment page. Only if you are in the loan you would know. (ref E** T*** I**)-ongoing.
2 & 3. I drip feed over a year generally 20 loans x £1000. Works for me may not for everyone else. I don't auto invest. Remember these loans are made to the same class of borrowers as FS & Lendy had. Some of the borrowers have a shocking bad history of bankruptcy.
4. You get figures from CP to work it out if you must.
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jj
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Post by jj on Jan 18, 2020 8:56:18 GMT
N.B. I was not refering to myself in the electric car example. I drive a 18 year old petrol car and only do 5000 miles a year.
But since we are here. I am pretty sure my driving habits produce lower Co2 than even a electric car owner, which would be on its third set of batteries by now.
The point I was ultimately making is comsuming of any type usually produces Co2. AND the GDP economic model we use is geared up the producing Co2.
I think its a bad idea to suggest "My one is bigger than yours" which seems to be the rule of the day but in reverse.
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jj
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Jolly Jammy
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Post by jj on Jan 17, 2020 18:05:50 GMT
Investing in "green funds/ technology" doesn't mean you're green, it means you're greedy. They are all subsidised, without which they wouldn't work.
To be green you should be investing and taking a loss because the technology is more expensive. Prime example is electric cars which are roughly twice as expensive.
Part of the problem with capitalism is the focus on GDP figures. Increase in GDP figures is directly correlated to increase consumption/production, which in turn leads to an increase in Co2.
Until governments focus away from GDP figures and have a neutral population policy I can't take the government seriously about climate change.
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jj
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Jolly Jammy
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Post by jj on Dec 28, 2019 16:40:20 GMT
What is the legal status with the money from the BL loans, does anybody know or have I to contact BDO directly?
Loan Ref Property Principal loan Amount recovered BL00073 Bromyard, Hereford 210,000 212,174 BL00072 Blackpool, Lancashire 105,000 120,419 BL00010 B*****n Road, Liverpool 74,900 94,087 BL00049 M****r Street, Blackpool, Lancashire 108,500 129,907 BL00056 M****n Road, Wallsend, Newcastle upon Tyne 80,500 85,000 BL00058 SMC, Heaton, Newcastle upon Tyne 133,000 139,000 BL00071 P*** Hall, H***** H** R***, Liverpool 195,615 180,000
Do BDO have the right to use the monies from these loans to use against recouping the outstanding loans ??
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jj
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Post by jj on Dec 23, 2019 18:21:02 GMT
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I'm unsure exactly what teeth the CC has but I had concerns at the start when I discovered a majority of people on the Committee had BDO connections. It's clear to me the interests of the people on the Committee do not align with mine and it's inevitable they will act in the best interests of themselves and those they represent, rather than individual, small scale 'man/woman in the street' type savers/investors.
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That's interesting. Can you elaborate please? According to the COM1 form lodged at CH, the committee members are: A*** B**** (on here as Monetus ) P**** L******* R****** W****** S****** W****** and, in a Corporate capacity, BondMason Client Limited which of those have 'BDO connections' and were those connections declared before or after election / selection to the Committee? Mr Burns - (Charles Montgomery "Monty" Burns)
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jj
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Jolly Jammy
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Post by jj on Dec 21, 2019 15:29:47 GMT
Ah. Don't worry, the early/easy returns are always going to be alright. Just wait a year or two then you'll see the tears pouring.
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jj
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Post by jj on Dec 15, 2019 6:43:10 GMT
I would like to know how much money these owner have made over the course of the life of their platforms? I do get the impression that they have made alot money.
And how feasible is it to claw back this money ? I am specifically pointing to the legal obligations they did not partake in.
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jj
Member of DD Central
Jolly Jammy
Posts: 320
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Post by jj on Dec 13, 2019 8:07:38 GMT
No time for Grieve'n No place for Gauke'n No need for Swinson
It's time to celebrate Our Great Big Johnson!
An end to all these years of dither
United Kingdom come together BJ's for the many not the few!
Hurrah hurrah hurrah!
Lets hope so. Have you a spare room if it doesn't pan out?
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jj
Member of DD Central
Jolly Jammy
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Post by jj on Dec 11, 2019 13:19:26 GMT
our borrowers construction company for this project was only created last month with our borrower as only directorwith 2 more active companies involved in this project.previously 3 dissolved and 1 liquidation to his name. I know. I want to know what is going on in CP headquarters. Have they taken someone from Lendy on ?
The valuation looks dubious if you ask me. Valued at £3,400,000 ? I bet the borrower didn't pay near that for the site. £1,500,000 perhaps ?
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jj
Member of DD Central
Jolly Jammy
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Post by jj on Dec 9, 2019 23:00:39 GMT
I've started this thread as I expect this loan to be discussed quite often in its life.
To be honest I don't know what CP is thinking putting this loan out. I understand since Lendy, FS, TC, MT, etc have stopped taken on these kind of loans there is an endless supply !
This is a very uncrowdproperty loan & I don't like it. If They are planning to go the route that all the other platforms have gone down and expect a different result, well that's just crazy talk.
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