scraggs
Member of DD Central
Posts: 75
Likes: 62
|
Post by scraggs on Oct 29, 2015 18:58:53 GMT
I am flying over to meet the borrower next week whereby he has kindly agreed to spend a morning together working with me in creating some stats & data from their own accounts for the benefit of investors. I made a start on compiling our own report but decided it would be best to work on it with the borrower since they have been in this market for the last 35 years. Kind regards, Ed The lack of this as of yet may have something to do with why they are not filling so quickly ?
|
|
scraggs
Member of DD Central
Posts: 75
Likes: 62
|
Post by scraggs on Oct 19, 2015 16:23:19 GMT
moneything: Ed, there was a point I raised on this post which I would like to get an answer to. If I have missed the point of the way the loan is being held, or you had answered this somewhere, then my apologies. p2pindependentforum.com/post/68241/threadMy apologies - I completely missed this question. The cars are all insured together under a overarching Motor Trade policy rather than individually. It would be unusual to include clauses/riders to identify individual assets within the policy to have a loss payable clause in favour of another company/entity than the insured. I am more than happy to ask the question though and will revert back. Kind regards, Ed I would also be grateful to know the answer to this. Amongst other concerns I have on this one I would be concerned if the car was written off, as we will have no asset and no money. TBH I doubt this one is for me.
|
|
scraggs
Member of DD Central
Posts: 75
Likes: 62
|
Post by scraggs on Sept 24, 2015 9:49:09 GMT
Just do it in one. I have done that several times and not had a problem
|
|
scraggs
Member of DD Central
Posts: 75
Likes: 62
|
MoneyThing (MT) in Administration
Too Quiet...
Sept 10, 2015 18:32:28 GMT
Post by scraggs on Sept 10, 2015 18:32:28 GMT
I am very interested but would need to see an SM, would be happy to see initial amount invested back with interest deducted, and interest paid when loan is repayed, if that makes sense ? I also see a problem with Ed would need a lot more investors to raise those funds and that would mean the smaller stuff with be stupidly over subscribed.
|
|
scraggs
Member of DD Central
Posts: 75
Likes: 62
|
MoneyThing (MT) in Administration
Too Quiet...
Sept 4, 2015 15:58:03 GMT
Post by scraggs on Sept 4, 2015 15:58:03 GMT
Afternoon, My apologies for the radio silence. I have been in London since Wednesday and returning this afternoon. I admit that I usually notify everyone when I go away in case anyone wanted to meet up but on this trip I have not had any gaps in my schedule. Met up again with the new 'pending partner' and went through the latest draft agreements clause by clause and I am pleased that we are now 95% there with only a couple of minor changes sent to the lawyers ready for sign off. Shouldn't be too long now.....(he says). I am sorry there has been a bit of lull of late but I am optimistic this will be remedied shortly with some of the bigger deals to make up for lost time. I have also been approached by another lender (not pawnbroking this time), who already have a sizeable loan book but no P2P fundraising front-end. They have the opposite problem whereby they have more demand from borrowers than they are able to satisfy. This is still in early discussions and will update you as things progress. Kind regards, Ed Thanks for the update Ed
|
|
scraggs
Member of DD Central
Posts: 75
Likes: 62
|
Lendy (L) in Administration
PBL55
Sept 2, 2015 17:28:18 GMT
Post by scraggs on Sept 2, 2015 17:28:18 GMT
I sense a huge abuse of the PF coming up. Although it is not ideal and not as described for me getting a third of what I wanted was better than sitting at a screen hitting F5 and getting bugger all back. Sadly SS will never please everyone whichever way they do things. Actually I am more peed off with the oddball figure I have in it, I like to keep them as nice round figures.
Did anyone receive an SMS to say this was going live ?
|
|
scraggs
Member of DD Central
Posts: 75
Likes: 62
|
Post by scraggs on Aug 20, 2015 11:27:36 GMT
I really am not interested in putting my money at risk for anything less than 12%. If the rate dropped I would pull my money out.
|
|
scraggs
Member of DD Central
Posts: 75
Likes: 62
|
Post by scraggs on Aug 19, 2015 21:05:33 GMT
Just managed to get a slice. Thanks for that.
|
|
scraggs
Member of DD Central
Posts: 75
Likes: 62
|
Post by scraggs on Aug 18, 2015 15:49:36 GMT
I know absolutely nothing about art, but from looking into JJ Adams work he is a bit like a conveyor belt banging work out. Isn't there a chance he could just flood the market with his work and it becomes worth far less ? Someone enlighten me because I have funds from SS I couldn't use
|
|
scraggs
Member of DD Central
Posts: 75
Likes: 62
|
Post by scraggs on Aug 18, 2015 15:42:59 GMT
I'm totally disgusted. The IT issue is bad enough, but massively compounded by the fact that having no initial limits means that huge chunks are being bought while we're all struggling to get on the site. Surely savingstream realise that this is greatly damaging TBH judging by what they said to someone who moaned about it last time this happened I don't think they really care.
|
|
scraggs
Member of DD Central
Posts: 75
Likes: 62
|
Post by scraggs on Aug 18, 2015 15:29:55 GMT
now over funded
|
|
scraggs
Member of DD Central
Posts: 75
Likes: 62
|
Post by scraggs on Aug 18, 2015 15:22:18 GMT
Bah that's it for me. Can't even get a login page now.
If there aren't limits put in place I won't bother with SS any more, we can't have this every time.
|
|
scraggs
Member of DD Central
Posts: 75
Likes: 62
|
Post by scraggs on Aug 18, 2015 15:10:36 GMT
I shouldn't worry too much, even if you can get in the loans page doesn't load. I think it's time for me to question if there is any point trying to put money into SS anymore. yet again a waste of time.
|
|
scraggs
Member of DD Central
Posts: 75
Likes: 62
|
Post by scraggs on Aug 7, 2015 17:19:47 GMT
Advance notice with the site as it is will only make yesterdays problems worse I feel. There is really nothing wrong with things how they are imo, but the server issues really do need to be sorted out.
|
|
scraggs
Member of DD Central
Posts: 75
Likes: 62
|
Post by scraggs on Aug 6, 2015 15:36:22 GMT
Well I was out when I got the SMS, couldn't log in, gave up eventually and have got home to find it's all gone. TBH if that was an improvement in server I would consider it the exact opposite, at least the last few times I got in eventually, this time was bugger all at all. Complete waste of time.
|
|