ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Likes: 4,857
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Post by ozboy on Jul 19, 2019 22:09:25 GMT
The usual manish hairstyle says it all, you don't need to know any more. What's missing in the pic is the gleaming axe she's just finished grinding.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,164
Likes: 4,857
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Post by ozboy on Jul 19, 2019 11:15:00 GMT
fundingsecure , at this stage in the p2p story, it is not acceptable to present loan listings such as this one to retail investors.
The asset is anonymous with the realtime valuation redacted. The asset tab states its a semi, but the valuation an end terrace. I am currently unable to match it back to LR via the stated known sale price in 2005.
Pete****** Av, Romford is a long road split into multiple postcodes, some bits look more desirable than others.
Anyone investing in this without further information has more money than sense, esp. as its a 2nd charge.
Ah, but the New & Improved Professional Management Team at FS were going to address such inadequacies and they weren't going to happen anymore and everything was going to be vastly improved.  Starting from around 6 months or so ago I believe?
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,164
Likes: 4,857
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Post by ozboy on Jul 19, 2019 11:06:55 GMT
I have wondered if there should be a P2P anonymous, I think it can be quite as addictive as gambling with sometimes a similar outcome. It's an interesting thought. As someone who has been diagnosed with ADHD since childhood, although it has been beneficial in many aspects for my career (creativity, discovering patterns etc) it does make me somewhat prone to seeking out high-risk situations, stimulation, dopamine hits etc. It's why I don't "gamble" (apart from P2P)!  Thank you Monetus. I can now understand that quaffing copious amounts of ale is also a manifestation of ADHD.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,164
Likes: 4,857
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Post by ozboy on Jul 19, 2019 9:37:18 GMT
Is there any where we can see this advert? The second link shows the advert. I see the PC Zealots are alive & well and pursuing their "causes" with the usual apoplectic vigour. It's not offensive in the least, women don't have t**s then??!!!!!! David Beckham in his bulging underpants is OK though? Or Aiden Turner in Poldark with his shirt off ladies?!! Jesus H Chrysanthemum, give me strength. Political Correctness IS the root of all evil.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,164
Likes: 4,857
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Post by ozboy on Jul 19, 2019 9:26:50 GMT
FS are a complete shower and I'm extremely surprised it has actually taken this long quite frankly. (Are you allowed to say "Frank" on here?!)  Cue FS Flag Wavers (are there any left?!) spouting some sort of nonsensical garbage and how if you only have 1% of your pot in every Loan blah blah you'll still make money despite FS being a crock. Rolls eyes, shakes head and saunters away ..................... Caveat Emptor indeed!!!!! EDIT / PS - And why wasn't I invited to the Summer Party?!! |
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,164
Likes: 4,857
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Post by ozboy on Jul 18, 2019 10:21:17 GMT
So, you investigate and evaluate scrupulously:-
1/ Borrower Risk
2/ Asset Value Risk
3/ Platform Risk
4/ Heck, even Introducer/Agent Risk.
But what you don’t evaluate, shouldn’t ever have to, but now obviously have to, is to evaluate
5/ FCA Risk!
Like when they ride in on their chargers and needlessly smash everything to pieces, leaving an utter mess behind, before moving on and denying any culpability for their actions. Being Commercial Sector Rejects they don’t have a business brain cell in their entire bodies and have no inkling whatsoever of the term, let alone practice of, “Business Continuity via an elegant & smooth wind-down”.
Just send in the Administrators, at vast expense, you know, Jobs For The Boys, Your Turn In The Trough, Bleed The Carcass Dry (to mix my metaphors.).
I refer, mainly, of course, to The Collateral Debacle.
FCA, you are On Notice.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,164
Likes: 4,857
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Post by ozboy on Jul 17, 2019 20:57:53 GMT
"I attended The FCA public meeting today in London. Sadly not a single minute of it covered P2P lending whatsoever which was a real shame. However I was fortunate enough to meet two P2P forum legends in ozboy and 11025"
I'm more of a leg end really. Thoroughly enjoyed the mini riot at the end, when the British polite composure facade collapsed and the peeps got out of their prams & vented. Wonder if The FCA will show that in their official video of today's proceedings? Hopefully there's AV of it somewhere.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,164
Likes: 4,857
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Post by ozboy on Jul 16, 2019 11:48:38 GMT
Last Friday 12/7/19 I Posted under Comments wrt this Loan on your Website and I received an email saying you were "vetting" the posting, and nothing since. There has been No Update since 1st July and today is the 16th, unacceptable. My Question is:- Can you please let us know what is going on, what progress has been made, when you reasonably expect this to be resolved and Payments recommenced, or Default the Loan?Thanks. ablrate PS / EDIT - Blimey, that was quick. Either the Update was in the pipeline & intended, or my posting shivvied them up, either way, "Merci ABL." |
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,164
Likes: 4,857
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Post by ozboy on Jul 16, 2019 11:01:22 GMT
What stood out to me from the downloadable document on rsm's website:
9.2 Since appointment, the Joint Administrators have incurred time costs of £493,775.
Appendix E: Partner Rate per hour: £625
Incredible. Partners can basically retire as multi millionaires after a single case like Lendy while others suffer high losses.
Do you think the mechanic at your local franchised premium-brand car dealership gets paid the £100+/hr that's being charged for labour...? That's not the point though, is it.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,164
Likes: 4,857
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Post by ozboy on Jul 15, 2019 19:41:32 GMT
An update from FundingSecure on the below loans are available on the platform, please login for details.
2973262607
When is the discussion with your Board about adding loan names to these posts? It’s hardly rocket science. Unfortunately, that would be the common sense, and competent thing to do. So don't expect it to happen.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,164
Likes: 4,857
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Post by ozboy on Jul 12, 2019 16:14:39 GMT
I too am at 27% defaulted as of today but have absolutely no problem with that. I have been with UB for nearly 2 years and have had a large number of defaults, all of which have paid me back in full. Thats 100% capital recovery. Its the nature of the business they are in - the difference with UB and many other outfits is that the security is correctly valued and easily realisable. Don't take the default %age by itself as an indicator, you need to look at the overall picture. Contrast UB's approach to other platforms who refuse to actually acknowledge any defaults at all, kick the can down the road, and then announce that investors have lost 75% of their investment.... you know the ones I am talking about!!Funding UnSecure?
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,164
Likes: 4,857
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Post by ozboy on Jul 11, 2019 16:36:43 GMT
Busy licking my wounds........... |
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,164
Likes: 4,857
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Post by ozboy on Jul 11, 2019 13:56:15 GMT
Close of Business Today is seven days MT, Update please.
DON'T "Do an FS."
"04/07/2019
- We have provided a short 7-day extension for...."
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,164
Likes: 4,857
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Post by ozboy on Jul 11, 2019 13:50:06 GMT
It's obviously not good news, come clean MT, play a straight bat, if you're in for the long haul. Or even the short haul. DON'T " Do an FS".  |
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,164
Likes: 4,857
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Post by ozboy on Jul 9, 2019 15:46:45 GMT
And so you very well should be hendragon , The FCA are USELESS and CLUELESS. "Proactive" is not in their vocabulary, when they happen to spot a horse or three has bolted, they nip over and close the stable door. ANY fool could have seen and we all knew that P2P was the LAST industry they should have applied "light touch" to. And yet so many of those same people seem so baffled that some p2p loans can go bad... You just don't give up do you arby , everyone on here knows exactly where you're coming from. We are only "baffled" when a Platform deliberately and dishonestly withholds extremely salient information and lies blatantly. There's so many negative facts that come to light after the event that even the most astute Investor, with the DEEPEST of DD, would never have uncovered regarding far too many of these Loans. And this is all because of The FCA BS "light touch", which is actually "no touch". It's nothing whatsoever to do with being "baffled by bad loans." as you well know, it is ALL about The FCA doing even half its job and ensuring a modicum of Platform "Integrity". I fully expect some sort of ridiculous ongoing justification from you but I think the "Likes" you receive from your increasingly deluded postings says it all. Oh, and, SELL THE BOAT/S!!! [ PS / EDIT: This is a comment on the entire P2P lending industry and not specifically referring to FS or this Loan] 
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