radar
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Post by radar on Jun 25, 2018 17:09:42 GMT
Mine has just arrived (5.57pm) and exactly matches the figures I had on 16th Feb (my last update) - which means the three loans that I hold/held which were due to renew/repay between 16th and 28th don't appear to have done so (normally interest was paid on renewal and not left until the end of the month if I remember correctly) - COLBB00588 & COLBB00589 (23/2/18) and COLBB00595 (24/2/18). I thought it was the end of the month and no one appears to have any Feb interest
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radar
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Post by radar on Jun 25, 2018 16:05:23 GMT
So the exercise of sends out of emails is going to cost a pretty penny, already 3+ hours spent on Friday , Saturday and then again today (@ £x00 p/h) how can they be drawing it out for so long? As some people still have not received their emails(I have, I received mine 21 june) How long is it going to take to settle all this mess and will there be any thing left. It is a standard letter with a PDF attached and a few personal details, all of which they had and was acknowledged long ago.
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radar
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Posts: 106
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Post by radar on Jun 24, 2018 11:52:29 GMT
This getting to look ridiculous, is it being implied that if you do not vote for someone(who you do not know anyway) that you will not be represented, surely it is in all lenders interests (including all lenders not forum members) to have the same level of support in this awkward situation. If there is a list of candidates with a disclosure of their intentions, then I will vote otherwise I will not be voting.
As stated by BDO: "Such a Committee will be formed of between 3 and 5 investor/other creditor representatives who will represent the interests of all investors and creditors." [Emphasis added.] That is certainly not the impression I get from the (other forum), although it may be BDO's intention
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radar
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Post by radar on Jun 24, 2018 10:20:27 GMT
This getting to look ridiculous, is it being implied that if you do not vote for someone(who you do not know anyway) that you will not be represented, surely it is in all lenders interests (including all lenders not forum members) to have the same level of support in this awkward situation. If there is a list of candidates with a disclosure of their intentions, then I will vote otherwise I will not be voting.
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radar
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Likes: 62
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Post by radar on Jun 22, 2018 16:21:45 GMT
Received mine now, it is correct with my download from Collateraluk on 16/02/2018
It seems to be looking good and it is a great relief to know that they appear to be mostly correct now for the next stage
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radar
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Post by radar on Jun 22, 2018 14:52:58 GMT
Are you getting emails or where is this information. I would have expected that this would have been done for everybody at the same time
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radar
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Post by radar on Jun 21, 2018 8:07:02 GMT
I am thinking now that the FCA knew much more and much earlier , which does in itself raise many more questions This episode predates (9-feb-2018) the Collateral break down, it makes you think who knew what.
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radar
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Post by radar on Jun 12, 2018 17:43:21 GMT
I personally have been a creditor on two occasions, in neither case did I receive a penny, we are lenders and should be at the other end of the scale and our outlay secured. To form a "creditors committee" would be the easy way out for administrators we should find some way to resist being pushed into accepting creditor status
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radar
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Posts: 106
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Post by radar on May 24, 2018 1:30:29 GMT
I've said this before, but it tends to get drowned out by the sheer number of posts on this thread. If you invested in a loan which did NOT drawdown, then you should claim the pre-drawdown interest as a creditor.
I would be very interested to see the BDO response to such a claim.There seems to be confusion about which loans have been drawndown and which were not, and as we do not have access to the site how are we to know. on a similar note are we not creditors for any loans that have been repaid. I am going to wait until I get access to the site i just hope it is still there!
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radar
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Post by radar on May 13, 2018 11:22:24 GMT
I believe it is wrong that in some areas houses are being used as offices, in deed some are whole streets of houses with no families living in them.
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radar
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Posts: 106
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Post by radar on Apr 29, 2018 15:22:27 GMT
Anyone that feels they may want to take legal action in the future with regard to their investments through COL needs to be very careful not to prejudcice their chances of success by their actions taken in haste now. The choice of words made in any written statements (to the administrators) now could have major consequence in the future, and could leave your legal representives defending your choice of words rather than soley attacking the actions of COL's directors and staff. If in any doubt, take legal advice before acting. I agree entirely with what you say, these emails can only delay any closure of this sorry story, apparently the web site is intact, and if not I am sure they will have to ask for proof of your loans and not through emails( anyone could send an email "I have loans totaling £xxx" ) I certainly cannot see any reason why an email would carry any benefit unless requested, besides I expect the great majority of Lenders do not contribute to this forum and they have the same rights as forumites
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radar
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Post by radar on Apr 12, 2018 14:50:31 GMT
I am not taking any action at this moment in time as I can only assume we will be back at square one on April 27 and have to do it all again
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radar
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Post by radar on Apr 12, 2018 6:28:38 GMT
What else is there that we are not being told, I find it uncomfortable, in that there are 103 pages of posters trying to find out about the money they have loaned to borrowers and why that information was not forthcoming. It seems that this information intended for these very people has been hidden away in this secretive forum when it should have been released, as I expect the FCA intended.
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radar
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Posts: 106
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Post by radar on Apr 3, 2018 11:35:29 GMT
I've received a response to email I sent yesterday with my creditor claim and query regarding the missing money. It states that there is a formal report that has been prepared to update all investors, but the FCA has advised it cannot be released. I'm assuming its another boilerplate reply. It seems so. Similarly sent RR the proof of debt document with covering query and received the boilerplate reply. At least it serves as tacit acknowledgement that the current appointed administrators have received my formal claim. I will wait to see if the administrators are replaced before taking any action, and either way I expect to be properly served with more detailed information whoever is the deemed administrator, as what I have received up to now I consider to be inappropriate in the circumstances.
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radar
Member of DD Central
Posts: 106
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Post by radar on Apr 2, 2018 9:57:36 GMT
I am in the same position,but the point I am trying to make is that the only correspondence we have had from the Administrators is through an open forum, this surely is not the correct form of communication in a case involving millions of pounds and hundreds of investors, we deserve better. That's not strictly true. All investors were sent an email at the start of the administrator using the platforms messaging system. This is how we received the initial letter from advising us of the administration. It is possible some did not receive it. My apology, I have found it, the email was under CollateralUk and not Administrators, so now I shall read it
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