sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426
Likes: 1,211
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Post by sqh on Oct 5, 2021 8:48:22 GMT
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426
Likes: 1,211
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Post by sqh on Sept 28, 2021 14:45:38 GMT
First or second class Stamps. In 2011 I bought £100 worth of Stamps at 41p(first class) each, because Royal Mail were about to hike the price. I've used about half the stamps and still have £100 worth of stamps.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426
Likes: 1,211
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Post by sqh on Sept 28, 2021 8:39:24 GMT
ablrate I see you are still in the not bothered to issue admin notes for late payments mode. What has happened to 100? I'm told, payment has been received and is being processed this morning.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426
Likes: 1,211
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Post by sqh on Sept 26, 2021 8:19:55 GMT
A new section G has been added, for FCA employees, it's aimed at whistleblowing. Section E is also aimed at whistleblowers.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426
Likes: 1,211
|
Post by sqh on Sept 25, 2021 10:47:46 GMT
Quelle debacle! Perhaps time to cancel all direct debits and wait for some supplier to contact you or you will find them ALL syphoning off your payments. Oh for the days when there was a bill tucked behind the mantlepiece clock :-) I don't think you should cancel your DD, especially if you are in credit with a cheap supplier who has gone bust. In 2019 I was with solarplicity who went bust. My account was taken over by EDF at exorbitant rates, so I immediately switched. The solarplicity administrators took a further DD although I was already in credit. The administrators then fabricated an inflated meter reading which they fraudulently classed as an A (actual) read. The inflated meter reading was passed on to EDF. In today's world that could work in your favour.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426
Likes: 1,211
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Post by sqh on Aug 31, 2021 23:15:43 GMT
I seem to remember that prices were set to go up at the same time last year but then Shell Energy suddenly offered a one year fixed rate plan called Nov 2021. Gas is 2.668p /kwh Standing Charge 11.20 per day. Hopefully, something similar happens again this year, otherwise I'm looking at a huge rise.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426
Likes: 1,211
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Post by sqh on Aug 30, 2021 22:36:33 GMT
Loan #1088 has repaid in full. It's a biggy at £4.75m. I believe the AA's hold a lot of this loan (2nd biggest), it could even trigger another cash clearout.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426
Likes: 1,211
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Post by sqh on Aug 16, 2021 7:42:55 GMT
I am surprised that there are so few new loans on offer. I have been an investor for five years and would have thought that things would have picked up by now. I think AC are issuing plenty of loans, but we don't get to see them. Look at the loan numbers, at least 6 were issued between Wednesday and Friday last week. AC are approved for CBILS (now RLS) so can offer 80% govt backed loans and they are probably at lower rates than we want. They could be so busy that they are turning down loans that would be suitable for retail lenders.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426
Likes: 1,211
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Post by sqh on Aug 11, 2021 4:20:49 GMT
The main advantage of investing directly rather than via Seedrs would be that you would avoid the potentially high Seedrs fees. Ok thanks, thought there were other benefits except for the economic benefits of avoiding fees.. qlassaSorry, I should have explained. Seedrs currently charge a 1% fee to invest, that's reasonable. Seedrs also charge a 7.5% fee on any profits you make. That may be reasonable for small investments, which to be fair, is what Seedrs is all about. I was prepared to make a 5 figure investment so wanted to go direct and avoid the 7.5%.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426
Likes: 1,211
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Post by sqh on Aug 10, 2021 20:54:47 GMT
Hi, can you please include me too, could not open the links above. Thanks a lot! You need DD access. Please ask admin.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426
Likes: 1,211
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Post by sqh on Jul 31, 2021 23:20:34 GMT
We don't know if the borrower actually received all the money from the secondary loans. It is possible that the directors fabricated some or all the secondary loans in order to pay the interest.
I also suspect that the high cost of storage (£2,500 +VAT per month) will include insurance. My understanding is that the directors and nobody else had access to the storage, without a director present. If some books have gone missing then the administrators should have informed the police.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426
Likes: 1,211
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Post by sqh on Jul 29, 2021 12:55:41 GMT
Given that the Administrator's responsibility is to the creditors and not the lenders, if costs of recoveries comes from creditors and for example it costs x to recover 10% or 2x to recover 50%, which option are they going to take? This is a fundamental failing of the FCA. The FCA has quite rightly stipulated that P2P loans operate between a lender and a borrower. The FCA has quite rightly stipulated that P2P platforms must ensure that lender money is ring-fenced. The FCA has quite rightly stipulated that P2P platforms must have a wind down policy for the loan book. The FCA has not considered what happens when a platform goes into administration. This is an enormous failure. There needs to be an insurance policy in place that allows for the platform to be wound down in an orderly way without the lenders having to pay for it. Until the FCA sorts it out they should be paying for all the loan book wind downs.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426
Likes: 1,211
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Post by sqh on Jul 23, 2021 12:31:14 GMT
CrowdProperty RepresentativeHi I would be interested in investing in the Fund Raise directly, but not through Seedrs. Is this possible? I have done this before with another platform.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426
Likes: 1,211
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Post by sqh on Jul 16, 2021 12:01:53 GMT
Looks like a clear case of fraud.
From the receivers comments:
"A range of offers were received in excess of £3m, but these were rejected by Lendy with the Receivers being informed that only offers in excess of £4m would be accepted."
It was not in Lendy's interest to get a quick satisfactory outcome, because they hid their T&C's from lenders.
If they had taken advice from the receivers in 2016 the outcome would be considerably better.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426
Likes: 1,211
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Post by sqh on Jul 9, 2021 9:32:19 GMT
This advert has resurfaced this week on ITV4 Tour De France highlights. 19:00hrs www.youtube.com/watch?v=NeFvYtCaykII have submitted another complaint www.asa.org.uk/make-a-complaint.htmlIf you are also owed money from the Collateral debacle please complain, it is quite simple. My complaint text: " I find the advertisement by the FCA offensive. This advert was removed but has recently resurfaced. I am one of several lenders/investors who checked the FCA register in 2017 before investing in a company called Collateral (UK). That company was approved by the FCA, but in Jan 2018 the FCA realised they had made a terrible mistake and the register was wrong. Collateral (UK) should never have been on the register. We are now 3 years on from the mistake and the FCA keep delaying compensation for their mistake, currently delayed until September. Please ban the FCA from advertising until they provide recompense for their mistake."
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