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Post by dodgeydave on Oct 20, 2017 11:15:22 GMT
Another loan where the last payment was over 400 days ago ! ... The last payment was in April. shimself
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Post by dodgeydave on Oct 20, 2017 2:43:40 GMT
You'll get precious little sense out of REBS. It seems that they are far too busy complaining to all and sundry about us complaining about their failures, rather than avoiding/sorting out their failures! A real life case of "they don't like it up' em!" oldgrumpyI think you will get a PM soon . This will be on the basis you need educating and signed by a director of ReBS The fact is this is one of many loans that are in default / bad debt with little or no chance of recovery .
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Post by dodgeydave on Oct 18, 2017 13:16:10 GMT
Out of curiosity, what do other members think political correctness has achieved in life generally? A nation of overly sensitive wussies
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Post by dodgeydave on Oct 17, 2017 15:19:16 GMT
Most of us of a certain age would of had the said item as a toy whilst growing up. And collected the badges .
Ebay is another one of them crazy politically correct places, and if you type the name in , it comes up with lots of items for sale.
A permanent ban does seem very heavy handed. For such a trivial matter.
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Post by dodgeydave on Oct 16, 2017 11:09:18 GMT
Would the owner of REbs care to
1) confirm how much profit REBS reported for 2016 2) state whether REBS is making less money now than in 2016
I thank you.
Adrian - Rebs has published their 2016 financials, but they have chosen to publish only 'condensed' financials (they are small, so they don't need to legally produce full financials). In any case it shows that they lost £69k during 2016 and they had tangible equity of £90k left as at 31 Dec 2016. There is something very strange about their P&L - according to their statistics page they only lent £2 million during all of 2016 - so only losing £69k seems almost too good to be true, given that they must have had costs of at least £500k. One thing to note about their 2016 lending - 17.9% of loans have already defaulted. Even with an average interest rate of 18%, investors in the 2016 loans must not be happy. 2017 accounts should be interesting when they will only have lent out just over 1 million.
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Post by dodgeydave on Oct 1, 2017 1:33:27 GMT
A default by ReBS is typically classified as having missed 3 months payments. Previous years can be found listed p2pindependentforum.com/post/148407December 2016P***Y K*T borrowed 25 k @ 17.36 % for a term of 60 months and made 23 full payments and 1 interest only P*******n p******ies borrowed 25k @ 13.66% for a term of 24 months and made 16 full and 1 interest only January 2017Cr*****e B******g borrowed 70k at 19.59 % for a term of 48 months and made 7 full payments. ReBS defaulted this loan R****n t/a Fr****on B***i Ltd borrowed 30K at 17.93% for a term of 36 months and made 16 full payments. K*****y G******on borrowed 81K at 15.24% for a term of 48 months made 13 full and 1 interest only payments. February 2017G* F***s borrowed 295k @ 18.92% for a term of 60 months and made 4 full payments Bus****s T********y Group ltd borrowed 50k over 60 months and made 14 payments March 2017M & * C****s borrowed 25k @ 12.84% for a term of 60 months and made 33 full payments E****st Fac****y Man*****nt borrowed 50k @ 16.25 % for 48 months and has made 23 full payments April 2017A**x So******rs Ltd ( A***m So******rs ) borrowed 35k @ 19.7% for 60 months and made 19 full payments May 2017Oc****s F*****e and l*****g ltd borrowed 40k @ 14.77% for 24 months and made 23 full payments O***n E*****s Ltd borrowed 40K @ 16.64 and made 21 full payments June 2017H** Dr***ll Ltd was a refactored loan. The refactored part was for 14706 and 6 payments have been made one outstanding for 2976.24 The original loan was for 60k @ 16.64% for 36 months and made 29 full payments July 2017 A***a R********nt S******ns Ltd borrowed 25k @ 14.45 % for 60 months. all the repayments are up to date but borrower has contacted an insolvency practice. W*******ee P********s Ltd borrowed 50k @13.71% for 60 months The repayments are up to date , But ReBS have declared it in default regarding adverse trading conditions. August 2017No defaults September 2017V*****ge V*****es Ltd borrowed 30 k @ 14.73 % for a term of 60 months and made 20 full payments
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Post by dodgeydave on Sept 17, 2017 4:25:44 GMT
www.p2pfinancenews.co.uk/2017/09/14/review-sites-p2p/PEER-TO-PEER lenders are warning that investors should not rely too heavily on review sites. In recent years several different review sites have emerged, such as Trustpilot, Feefo and Google Reviews, making it hard for consumers to compare platforms in one place. Ashlee Dutton, marketing manager at ArchOver, which has four out of five stars on Trustpilot, thinks it is better to partner with just one. “It could become confusing if a site was showing too many review site partners,” Dutton said. “It could be seen as a negative if you use too many, as it may seem as though you’re trying to make up for a low score or bad rating on one service. If you use a trusted review site that lenders and investors are familiar with then there isn’t a need for so many. “You don’t want to spam your lenders and investors with requests for a review.” Most other P2P lenders can be found on Trustpilot. A spokesman for Abundance, which has four out of five stars, said while ratings are important, users should also check how many reviews have actually been left. “It is important for these review sites to have significant critical mass – both themselves to attract visitors, but also in terms of the number of reviews they have of a business; just a few reviews could be very misleading,” a spokesperson said. But not all P2P platforms can be found on the same review websites, making it harder to compare. For example, Landbay does not have a profile on Trustpilot but can be found on Feefo with a rating of five out of five stars. Julian Cork, chief operating officer for Landbay, said the sites are a useful resource for investors, but warned that they are not akin to professional financial advice. “Reviews should be just one factor in an investors’ decision when selecting the right investment for their risk/return profile,” he said.
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Post by dodgeydave on Sept 15, 2017 8:11:40 GMT
This and a few other other companies just pay when they want . No standing order or direct debit in place.
The only two companies benefiting from this are ReBS and Ameuri Limited , As they collect the fees. Both owned by the same director.
We as lenders suffer .
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Post by dodgeydave on Sept 7, 2017 11:09:23 GMT
I note that J*** limited (security firm) has notified Rebs that they are likely to redeem very soon. No message sent but the loan update tab has the info. For the second time. The last being about 2 months ago . So guess you will have to wait and see
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Post by dodgeydave on Sept 3, 2017 1:16:51 GMT
Isn't the Sept 17 number slightly premature?? (or did I miss a smiley?) Maybe the word yet was missed off the post. Sadly their will be another default very shortly
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Post by dodgeydave on Sept 3, 2017 1:15:16 GMT
Isn't the Sept 17 number slightly premature?? (or did I miss a smiley?) Yes . I think it was the shock of no defaults. Have now corrected
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Post by dodgeydave on Sept 2, 2017 3:05:15 GMT
A default by ReBS is typically classified as having missed 3 months payments. Previous years can be found listed p2pindependentforum.com/post/148407December 2016P***Y K*T borrowed 25 k @ 17.36 % for a term of 60 months and made 23 full payments and 1 interest only P*******n p******ies borrowed 25k @ 13.66% for a term of 24 months and made 16 full and 1 interest only January 2017Cr*****e B******g borrowed 70k at 19.59 % for a term of 48 months and made 7 full payments. ReBS defaulted this loan R****n t/a Fr****on B***i Ltd borrowed 30K at 17.93% for a term of 36 months and made 16 full payments. K*****y G******on borrowed 81K at 15.24% for a term of 48 months made 13 full and 1 interest only payments. Febuary 2017G* F***s borrowed 295k @ 18.92% for a term of 60 months and made 4 full payments Bus****s T********y Group ltd borrowed 50k over 60 months and made 14 payments March 2017M & * C****s borrowed 25k @ 12.84% for a term of 60 months and made 33 full payments E****st Fac****y Man*****nt borrowed 50k @ 16.25 % for 48 months and has made 23 full payments April 2017A**x So******rs Ltd ( A***m So******rs ) borrowed 35k @ 19.7% for 60 months and made 19 full payments May 2017Oc****s F*****e and l*****g ltd borrowed 40k @ 14.77% for 24 months and made 23 full payments O***n E*****s Ltd borrowed 40K @ 16.64 and made 21 full payments June 2017H** Dr***ll Ltd was a refactored loan. The refactored part was for 14706 and 6 payments have been made one outstanding for 2976.24 The original loan was for 60k @ 16.64% for 36 months and made 29 full payments July 2017 A***a R********nt S******ns Ltd borrowed 25k @ 14.45 % for 60 months. all the repayments are up to date but borrower has contacted an insolvency practice. W*******ee P********s Ltd borrowed 50k @13.71% for 60 months The repayments are up to date , But ReBS have declared it in default regarding adverse trading conditions. August 2017No defaults
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Post by dodgeydave on Sept 2, 2017 3:02:44 GMT
Hi, Kylie. Thank you for your timely response. 'Security Discount'? Pah! Seriously, who thinks up this stuff?! It is what it is - a loan for close to double the amount of the previous loan, with similar secured assets, and a risk profile that has been lowered by some faux initiative - which is the polar opposite of ReBS' stated rationale for raising the borrower's risk profile last time around. As a big fan of Gavin's, I wish him the best. Likewise - have a great weekend. MONEYThis link explains clearly how the security discount works www.rebuildingsociety.com/changes-marketplace/
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Post by dodgeydave on Sept 1, 2017 1:02:11 GMT
I appreciate that some of your users may not want to receive private messages. Ideally, you should let them individually disable this feature / the notifications for it. However, I believe it is unfair for you to obstruct people who do appreciate these invitations, from receiving them. I have received expressions of gratitude and courteous responses from those who wanted to know about alternatives. My message was in the spirit of educating the market as to alternative options. I see no harm in politely reaching out to people who express their dissatisfaction to one platform, bringing their attention to alternatives. Especially where people on the thread have been asking for options. My profile makes it clear that I represent a platform, so any message could be perceived as attempting to solicit business. There is a probably ProBoards plugin that allows users to configure their use of the private messaging service. Perhaps you could allow users the ability to disable private message notifications? As a large number of your lenders seem to be dissatisfied with your platform. Does that mean you will be happy for other platform reps to bombarded your lenders by PM's . And educate us. I would guess its safe to say , must people on this forum can easily look up other platforms and how well they are performing.
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Post by dodgeydave on Aug 31, 2017 13:41:46 GMT
I also got my money 20.80 p yesterday
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