macq
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Post by macq on Dec 21, 2023 15:55:57 GMT
Assuming today's news is true it got me to thinking about defaulted loans or payments,companies in administration etc and that lead me to some articles about litigation finance.Now its suggested that its a great opportunity and almost a win-win investment (that's not advice from me!).I am no good at links but searching alts.co/litigation-finance-where-betting-meets-the-law (or alts.co/lending-to-law-firms) brings up stories about this and while there is no connection to Ablrate it still makes interesting reading about someone with experience of this side of business who i recognize almost a win-win investment. Yes, as safe as houses! Oh what am I saying? Incidentally, Money&co regularly list investments in litigation cases. This is not a recommendation, but so far there haven't been any defaults. DYOR! Now that highlighted portion does not say who gets the win-win!
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macq
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Post by macq on Dec 21, 2023 14:46:19 GMT
Assuming today's news is true it got me to thinking about defaulted loans or payments,companies in administration etc and that lead me to some articles about litigation finance.Now its suggested that its a great opportunity and almost a win-win investment (that's not advice from me!).I am no good at links but searching alts.co/litigation-finance-where-betting-meets-the-law (or alts.co/lending-to-law-firms) brings up stories about this and while there is no connection to Ablrate it still makes interesting reading about someone with experience of this side of business who i recognize Louisa Klouda and Matt Haycox, litigation finance experts and founders of Fenchurch Legal. Links to Huddle, Anthony Pickthall and 10 Park Place Leeds. The same names and addresses keep popping up.... But does say they are experts (Think the eggnog may have lightened my irony)
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macq
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Post by macq on Dec 21, 2023 0:19:51 GMT
Assuming today's news is true it got me to thinking about defaulted loans or payments,companies in administration etc and that lead me to some articles about litigation finance.Now its suggested that its a great opportunity and almost a win-win investment (that's not advice from me!).I am no good at links but searching alts.co/litigation-finance-where-betting-meets-the-law (or alts.co/lending-to-law-firms) brings up stories about this and while there is no connection to Ablrate it still makes interesting reading about someone with experience of this side of business who i recognize
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macq
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Post by macq on Dec 20, 2023 23:12:54 GMT
Thanks for that. just had a deeper look at the Haycox/Carnell connection. They still have business directly connected to each-other at 10 Park Place, Leeds, England, LS1 2RU. surely the above of of interest to Liquidators given the difficulties posed in getting John Carnell to be held to account by the court? I mentioned in another thread i find the search engine at northdata.com to be better then companies house at times for doing DD on p2p loans, for example the dropping or adding of middle names can make a difference as to companies found but is picked up easier by northdata.com.As noticed by the name you mentioned for example
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macq
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General P2x Discussion
Crowd2Fund
Dec 18, 2023 23:09:39 GMT
wilf likes this
Post by macq on Dec 18, 2023 23:09:39 GMT
I have a Reboot pledge that has reached 36 months. What should happen? Can't really help as I had stopped with Crowd2fund just before Covid and except for a few loans running down (slowly) or written off i got out with a profit.I never returned for the reboot idea as i did not like the concept but from memory of the marketing emails (and a quick scan of the FAQ page now) was it not earn 4% in repayments and after 36 months of repayments was there not some scheme to buy equity in C2F at another 4% repayment? From there reboot pledge homepage it would seem by their figures that they were a long way from their £10M target so would guess they really should make you aware of their plans at this point Also be aware that they had a fake email sent out in their name a couple of months back (which they did admit pretty quickly and seemed to stop)but keep an eye on what you reply to just in case - and good luck with your investment
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macq
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Post by macq on Dec 11, 2023 13:11:03 GMT
Feet up after filing the overdue Ablrate Assets Ltd accounts with Companies House? http://instagram.com/p/C0rAVPRsj1o View Attachmento be fair i approve of the recycling? - Wine from Bierkeller,Dressing gown from Accent clothing and a towel from Gsquared Gym
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macq
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Post by macq on Dec 5, 2023 13:19:04 GMT
I don't normally pay much attention to savings accounts, just not my thing, but I've been asked a question by a friend that might interest regular posters on this thread. The question really boils down to: are there certain banks that regularly appear near to the top of the instant access savings account list? The background is, that they are looking for somewhere to store the proceeds of a house sale while they are searching for a new one. They estimate that this could take anywhere between 0 and 2 years. My concern with just going for a number of accounts at the top of the instant access list to cover the total balance when split over £85k per institution is that the rates on these accounts are variable. This person isn't a finance nerd, so is unlikely to keep switching accounts each time their current ones drop or new ones jump above them. On top of that, many are structured from the outset to become uncompetitive after a fixed time, e.g. the current top of the list, Metro, pays 5.22%, but drops to 1.65% after a year. I've made sure that they are aware of the FSCS limits, and the short term extra protection for house sale proceeds. Another vote for HL Active savings (or similar) - for ease of use on a short term basis the ability to open or change instant accounts for better rates is really quick with no need to do proof of ID etc once you have done it the first time with HL.You can always flip to 1 to 3 months duration as well or sometimes Once a member something like the Coventry BS limited access may be available (it is also worth knowing that sometimes better rates can only be seen by being logged in as a special offer) The only drawback might be if you don't trust the overall product from HL but i have received the offer of voting at the Coventry BS AGM through my account so i know my account is with them ok.For the last few months there has been a fight between Zopa & Paragon to offer the best rate but seems like Ratesetter/Metro are trying to be top (but there has been a bit of coverage about Metro issues the last few weeks?)
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macq
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Post by macq on Nov 15, 2023 23:18:38 GMT
Only sunny intervals in Dubai! But those sunny intervals will be linked to other sunny intervals and if that is still not enough there is always the chance of moving some sunny intervals from another front to make One big sunny prospect
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macq
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Post by macq on Nov 10, 2023 19:05:10 GMT
I have spent too much time already thinking about the significance of having Pickthall as a Director of Aviation & Tech Capital Ltd (from June 2021 to March 2023) and Ablrate Assets Ltd (from March 2022 to March 2023) whilst he was also a Director of a number of borrowers, some of which had already built up significant arrears by failing to honour the terms of their loans. It certainly raises conflict of interest questions at the very least. I can't help but wonder if that is something that is now causing the FCA to raise an eyebrow in ablrate's direction? With all the inter connected loans & people it might take about Six pairs of eyebrows
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macq
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Post by macq on Oct 19, 2023 17:53:59 GMT
I suspect this is my only fully repaid loan across 3 platforms. I suspect it was helped by seemingly being the only non inter-connected loan
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macq
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Post by macq on Oct 17, 2023 13:41:42 GMT
Can I ask why people are using ETF's or iShares to invest in 'cash returns' when most platforms charge a trading charge fee and also the underlying instrument has a spread. Why not just use, a normal cash fund I.E fidelity cash fund or L&G cash fund ? I know the TER is slightly higher but what are the benefits of using ETF's rather than the standard 'cash funds' it might depend on any other holdings or the platform and trying to save on fee's i.e HL will start at 0.45% for a fund/s up to certain levels but cap at £45(ISA) £200(pension) Free(fund& share account) for ETF/IT's/shares combined
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macq
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Post by macq on Oct 16, 2023 12:10:41 GMT
May have been mentioned so sorry if doubling down but don't forget that the RL fund will have a forward price on dealing of probably midday (but could be later).Another One to consider might be ishares ERNS etf
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macq
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Post by macq on Oct 5, 2023 11:53:31 GMT
Not sure if its always the case but many retailers do not buy direct but get from a distributor so there has probably been a 100% (or more) mark up twice.I had a relation who worked in sales some years back who supplied all the biggest stores and used to tell me of TV's or washing machines etc being bought in at say £50/60 sold on at £200 and then the retail store selling at £400.With the risk being with the supplier on sale or return which is why i always took p2p valuations such as Abl's shoe loan with a pinch of salt
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macq
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Post by macq on Aug 28, 2023 11:56:19 GMT
Should have told her you would pay for the meal & Champagne if she would just swap her crypto for these really good p2p investments you have (photo's optional )
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macq
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Post by macq on Aug 8, 2023 16:49:07 GMT
Who would like to have the honour of sharing the links to the Carnell story with DBW? The story says he is in Portugal but companies house says residence in UK and Luxembourg so maybe Dubai might be next
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