scraggs
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MoneyThing (MT) in Administration
Sunday Loan?
Sept 11, 2016 19:18:44 GMT
Post by scraggs on Sept 11, 2016 19:18:44 GMT
Forgot to set a reminder for this one and just logged on to be too late
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scraggs
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Post by scraggs on Feb 22, 2016 12:29:02 GMT
Evening, For the price range, age and class of vehicles (e.g. Vauxhall Zafira/Astra/Mariva, Citreon Grand C4 Picasso, Ford Focus/Fiesta), that make up the typical stock: The Trade value (the price dealers will pay), represents c. 83% of the Retail value (the price dealers will sell). As such, 70% of the Retail value represents c. 84% of the Trade value. Whilst we have no direct experience in selling cars on a commercial basis, I do have a number of contacts in this business and feel confident that if the need did present itself we could sell these vehicles at a price that would be better than Trade. I would also mention that we were at the borrower's operation on Thursday and I can report that the business is doing well and growing strongly, with a good atmosphere amongst the team. We will continue to visit them on a regular basis to spot check the cars (stock as well as the remote cars under HP contracts), and view their accounts. Kind regards, Ed Thanks for clearing that up Ed
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scraggs
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Post by scraggs on Feb 21, 2016 17:49:13 GMT
Hi Ed I would be interested to know where 70% of retail value compares to the trade value of these cars, there will be quite a bit involved to move these cars on, do you have a plan if they were to go pear shaped, ie: a dealer prepared to take the lot ? Would be nice to have an answer to this question if possible please Ed. I assume you are not a car dealer yourself, so I think it's a valid question to ask.
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scraggs
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Post by scraggs on Feb 17, 2016 20:48:03 GMT
Hi Ed I would be interested to know where 70% of retail value compares to the trade value of these cars, there will be quite a bit involved to move these cars on, do you have a plan if they were to go pear shaped, ie: a dealer prepared to take the lot ?
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scraggs
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Post by scraggs on Jan 12, 2016 19:38:07 GMT
I have always thought they are a bit on the high side although not miles away, but the 50% LTV is more than ample for me to happy with them.
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scraggs
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Lendy (L) in Administration
Website Down?
Dec 24, 2015 8:24:42 GMT
Post by scraggs on Dec 24, 2015 8:24:42 GMT
Fine for me
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scraggs
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Post by scraggs on Dec 18, 2015 19:35:13 GMT
They must be someone else's, unless there is something odd going on They are definitely sold according to my account and for sale page says they are sold.
Edit: now none for sale
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scraggs
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Post by scraggs on Dec 18, 2015 18:57:07 GMT
Gone already
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scraggs
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Post by scraggs on Dec 18, 2015 18:41:23 GMT
I am putting some art up if anyone is interested
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scraggs
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Post by scraggs on Dec 18, 2015 16:31:21 GMT
Yep something odd going on I prefunded and have double what I wanted, but Essex is still listed as pipeline
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scraggs
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FundingSecure (FS) in Administration
New Loans (FS)
Dec 18, 2015 16:24:20 GMT
Post by scraggs on Dec 18, 2015 16:24:20 GMT
£350,000 fully funded in 4min flat. Fairly slow compared to the other days £365k in just under 2 minutes Did anyone else find the site hanging a bit ?
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scraggs
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Post by scraggs on Dec 18, 2015 16:15:23 GMT
I will be sorry to see Sian go Sian I wish you all the best for your future and have a great Christmas and a very happy new year. And thanks for your help along the way.
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scraggs
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Post by scraggs on Dec 16, 2015 16:57:40 GMT
Pipeline Loans:
We have 4 more loans in the pipeline (£550,000, £80,000, £150,000 & £150,000), which I am hoping to get some/all completed before Christmas…although the solicitors are starting to wind down for Christmas now so might be after.
Kind regards,
Ed
Is it possible to wind down from stop ? New loans is always welcome news Are the new loans property or cars, can you say ?
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scraggs
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Post by scraggs on Dec 9, 2015 19:42:18 GMT
There's a 5pm cut-off so any transfers made after 5pm Tuesday (say) won't be reconciled until Thursday morning. My deposit yesterday lunchtime was reconciled first thing this morning. The latest was done yesterday afternoon and it's not been put in today.
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scraggs
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Post by scraggs on Dec 9, 2015 19:24:28 GMT
Is anyone else having deposits taking well over a day to be added to their accounts ? It appears to be happening lots now to me
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