r1200gs
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Post by r1200gs on Oct 19, 2023 15:40:15 GMT
I suspect this is my only fully repaid loan across 3 platforms.
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r1200gs
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Post by r1200gs on Oct 3, 2023 16:50:03 GMT
If I took my neighbours car without permission but with the full intention of returning it, does that exempt me from charge of theft? Few will agree with you here, you appear to be on the wrong side.
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r1200gs
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Post by r1200gs on Oct 2, 2023 11:45:15 GMT
Working fine for me, in as much as it can be.
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r1200gs
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Post by r1200gs on Sept 27, 2023 10:59:49 GMT
are they going to use all our funds in the up coming quistclose court case ? It seems to me that these administrations all have one aim - to keep collecting fees as long as there is money to be collected, handing out money to us means less potential fees for them and a possible set of buffers for their gravy train. All the time there is money there, the administrators have a chance of getting their own hands on it. There is no incentive for them to speed this to a conclusion. I'm going to write once more and if that is ignored, time for a solicitor to write.
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r1200gs
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Post by r1200gs on Sept 26, 2023 9:59:01 GMT
Companies like TransferWise came about because the banks were charging a fortune in exchange rate costs, they still do. Anybody receiving a large amount (ha, good luck with that) via the bank instead of Wise is likely to see a serious shortfall in comparison.
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r1200gs
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Post by r1200gs on Sept 19, 2023 8:31:30 GMT
Well, that would certainly explain why two aircraft have sat unsold since 2019. Whatever, I can't be bothered to research it. It doesn't take all these years to sell security although it might when I have never found them for sale anywhere. I wonder why?
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r1200gs
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Post by r1200gs on Sept 17, 2023 12:15:39 GMT
Now over three years on from the tower block sale, still not giving the money to investors. If they can find a way to hang onto it, they will.
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r1200gs
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Post by r1200gs on Sept 11, 2023 11:03:40 GMT
Well, doesn't time fly. I was looking up the date of sale of this property in order to congratulate the administrators on their 3rd anniversary of failing to distribute the proceeds to investors only to discover I was too late. So a belated third year happy birthday, three years and nearly two months since the property was sold, still nothing for investors. Last update - "Steps to make the guarantor are ongoing.The guarantor is continuing to frustrate the position."
Steps to make the guarantor - what?
What position?
Why can't the funds be distributed?
Who advised the administrators to hold the funds and why?
How is the interest going to be dealt with considering that it continues to accrue on the site to first charge holders?
How many more years is this going to be allowed to drag on for?
This and more questions have been studiously studied and ignored by people holding tens of thousands of pounds of my money.
Incidentally, there are several big hitters in this loan that can surely put some pressure on if they get together? C&G can and will continue to take the piss as long as they think there are no consequences. Any ideas for putting pressure on, anyone?
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r1200gs
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Post by r1200gs on Aug 25, 2023 15:08:58 GMT
Just sent todays update to the recycle bin without even looking, I know it will send my blood pressure through the roof.
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r1200gs
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Post by r1200gs on Aug 23, 2023 9:43:18 GMT
I’ve received email from FCA today re ‘your complaint about the FCA - Funding Secure Ltd’. Still investigating. Is this now all a waste of time? I think it was always a waste of time. Just made me feel a bit better to put in a complaint. I wonder how many years they'll keep it going? A lot of the people that invested here with the warm fuzzy feeling brought on by knowing that the business was well run, honest, sustainable and had a good wind down plan because it was approved by the FCA will have been older people looking to get a decent return on life savings and pensions, the FCA is well aware that the numbers to be answered to is dropping every year.
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r1200gs
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Post by r1200gs on Aug 17, 2023 10:46:08 GMT
the administrators are also continuing to frustrate the position on this and all other loans.what the heck are they doing to justify stretching this saga on and on.are they really out of their depth having to seek this advice and that advice on every single matter.all at our cost of course plus their time and costs thrown in.also what sort of bloody update was that ? total p*ss taking. I agree, they don't know what they are doing and are terrified of releasing any funds in case somebody comes back with a claim for them. Anything even vaguely complex is farmed out at our expense. I do not believe this takes three years if the administrators were determined and competent in getting our money back to us but clearly that is far from their priority.
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r1200gs
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Post by r1200gs on Aug 17, 2023 9:31:12 GMT
I don't know much about the bankruptcy process, but is there a limit to how long the borrower can drag it out? Are we relying on whatever lender got the bankruptcy petition in first (petitioning creditor) actually being motivated to push it through? If the petitioning creditor isn't actually taking any action to enforce the bankruptcy are the administrators indefinitely blocked from their own enforcement or is there some sort of time limit? All good questions that I have asked of the administrators and I have been ignored. But then I did use some big words so they likely need the advice of a professional in the study of the English language, that will take £50,000 and will have to be run past legal advice, £45,000. THREE YEARS they have sat on my money, they can't even tell me how the interest will work because no doubt that is going to be the subject of another bun fight when it comes to releasing these funds after all other options to hang on to them have been exhausted.
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r1200gs
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Post by r1200gs on Aug 16, 2023 15:25:59 GMT
"Steps to make the guarantor are ongoing.The guarantor is continuing to frustrate the position"This quarterly update is 15 words long and they couldn't even be bothered to proof read it. You have to think it is deliberate at this point. The administrators are supposed to be keeping lenders updated yet the updates contain so little information that they may as well not bother. I have £50k in the first ranking loan, my account is showing £42k in accrued interest, yet I have no idea whether I am getting back £0, £92k, or something in between. The administrators are failing in their obligation to keep me updated and it is affecting my ability to plan my life finances.
The administrators have been atrocious and out their depth since the start. I wonder who appointed them and why ?
Distribution of funds to 1st charge or any charge should not be blocked or put off indefinitely by plans to make the guarantor bankrupt (there I fixed them for them).
With interest rates so high, Fundingsecure is also benefiting by withholding lender's funds for so many loans with the full range of excuses.
No, and it's coming up for THREE YEARS shortly!? These people are simply doing anything they want and they know we can only whinge on a forum. Hell, 20k was a lot of money when "invested" it, it's worth a lot less now. The update is an absolute bloody disgrace.
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r1200gs
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Post by r1200gs on Aug 16, 2023 15:09:53 GMT
"Steps to make the guarantor are ongoing.The guarantor is continuing to frustrate the position"This quarterly update is 15 words long and they couldn't even be bothered to proof read it. You have to think it is deliberate at this point. The administrators are supposed to be keeping lenders updated yet the updates contain so little information that they may as well not bother. I have £50k in the first ranking loan, my account is showing £42k in accrued interest, yet I have no idea whether I am getting back £0, £92k, or something in between. The administrators are failing in their obligation to keep me updated and it is affecting my ability to plan my life finances. Same here, 20k invested and no answer to my questions as to how interest will work how long this may take to bring to an end. No idea if I am going to receive 36k or nothing. Absolutely bloody disgraceful. Bottom line is has become clear to me, they are not releasing any funds until all options by others to keep them, including by the administrators themselves have been exhausted.
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r1200gs
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Post by r1200gs on Aug 16, 2023 14:51:41 GMT
Well this is incredibly informative and gives me real hope that this will soon be in pocket where it belongs.
"Steps to make the guarantor are ongoing.The guarantor is continuing to frustrate the position"
Yes, we don't pay enough to get a capital letter, all the words and a full stop.
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