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Post by jevans4949 on Jan 7, 2019 16:24:26 GMT
Comments seen elsewhere:
"I've no objection to vegan sausage rolls, provided the vegans have been humanely killed."
"I love vegans, but I couldn't eat a whole one"
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Post by jevans4949 on Dec 20, 2018 20:19:57 GMT
I ticked ISIS and Labour Party supporters. Although probably one and the same. And probably Spotty Teenagers as well.
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Post by jevans4949 on Dec 8, 2018 9:56:17 GMT
Does anyone think that peer to peer lending has had its day. With the competition and the falling interest rates. Still seems to be making more money than leaving it in the bank, and easier to understand than stocks and shares.
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Post by jevans4949 on Nov 30, 2018 22:16:24 GMT
Hi does any one know the longest amount of time its taken A/C to resolve a default and what is the worst financial outcome. Are they any good at retrieving lenders investments. With F/C they were awful but i find it better here.Any advice. There are a number of loans in the #130's which AC have not closed off, although there is no realistic hope of further recovery, and no mileage in pursuing the case - i.e. guarantors who were directors have no remaining assets, their homes having been sold ... like the plumber aforementioned.
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Post by jevans4949 on Nov 23, 2018 9:37:46 GMT
You can sort the "Your Loans" page on the "Last Updated" column. This might help, although it won't filter out the "nothing interesting to report" reports.
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Post by jevans4949 on Nov 16, 2018 14:46:31 GMT
What I have always found odd about none of the turbines being operational is I know a farmer who installed a large wind turbine on his land - I wouldnt exactly describe him as Nobel Prize Material but the whole thing seemed to go pretty much to plan. I am pretty sure if we had lent Roger a few million quid we would have a few spinning turbines earning ££££ with the recent wind storms and he would have a nice shiny new tractor. As far as I understand, the problem with the I** sites is that they are separated form the National Grid by fields belonging to third parties over which wayleaves (or the Scottish equivalent) are required, and the National Grid in Scotland has more turbines than they can handle. If Roger's land has easy access to the Grid, then his life would have been simpler. Did he have his up and running before the feed-in tarriffs were cut?
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Post by jevans4949 on Nov 8, 2018 10:17:09 GMT
Not looked into the details at present, but historically Zopa lending has tended to dip in November and December. People planning for Xmas (using credit cards), not spending time on new cars / kitchen extensions / weddings, etc.
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Post by jevans4949 on Nov 8, 2018 10:06:55 GMT
In the case of GBBA1, the interest rates offered to lenders became unsaleable to borrowers. In the case of GEIA, the energy market also became unattractive to smaller borrowers (because of the reduction in subsidies). If neither of these external influences had arisen, these funds would have been able to continue indefinitely, with new loans being issued and the funds able to carry the loans which turned out to be dud. In the circumstances, the good loans in these funds have been repaid, and we are left with the dross.
No doubt they seemed like a good promotional strategy for AC at the time, but there was no "exit strategy". Had AC left themselves a loophole to reduce the interest rates, then GBBA2 need never have happened, new loans would have appeaered in these accounts, and the average losses on these funds would have been "acceptable".
If you put your money into a regular bank deposit account, or a "unit trust" account, losses (to the bank / investment company) are invisible to you, unless the whole loan book becomes unviable (e.g. self-certified mortgages) and the bank goes bust. With P2P they are visible. With "black box" accounts like those under discussion, the losses are visible, but you can do nothing about them.
Disclosure: I decided early on not to go into these accounts, as I am time-rich, and I stayed in the MLIA. D.M. looked dubious to me from the start, so I am not invested in it. I have a small amount in one of the wind turbines, but managed to avoid the others.
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Post by jevans4949 on Oct 23, 2018 22:55:58 GMT
So that's 24:00 on the 27th then? No - 24:00 on the 26th.
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Assetz Capital (AC)
borrowers
Sept 29, 2018 9:26:46 GMT
Post by jevans4949 on Sept 29, 2018 9:26:46 GMT
The main point about Assetz is they look for a good business plan, and for some solid assets (typically bricks and mortar) over which they can raise a legal charge. Sometimes the plan goes pear-shaped, either through bad luck or failure on the part of the borrower. Sometimes it turns out that the bricks and mortar aren't worth what the surveyor said at the beginning. Sometimes it appears that Assetz, and the lenders, have been misled by a borrower.
Apparently in response to public demand, Assetz have set up some "fire and forget" investment accounts, specifically for Green Energy projects and non-building projects, with a Provision Fund to cover cases where a failure occurs. The results in these cases have sometimes been less than perfect.
In the case of non-building business loans, security is sometimes against equipment or material stock. The value of such items in a "second-hand" sale is usually much less than the borrower paid for it, especially if the technology has moved on.
Having said that, most borrowers do repay their loans at about the intended end date, and in the case of failure Assetz do usually manage to recover at least some of the capital, although this may be a long process.
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Post by jevans4949 on Sept 21, 2018 10:51:22 GMT
Might be good to "insure" if you were going to end up in a "negative equity" situation on a property - your home or a buy-to-let, or if you were planning to sell in a couple of years to buy in another market (abroad?), or invest in something else altogether.
Otherwise remember that your house is worth exactly one house.
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Post by jevans4949 on Sept 21, 2018 2:53:54 GMT
I normally use Thunderbird email client; my main email account is with AOL. AOL has subtly changed its process in the last few months in terms of what it deems to be spam, and it's now not possible to opt out of spam filtering. The last couple of Surveymonkey vote messages sent to me were shifted straight into the "Deleted" folder. I tried to move them back to "Inbox", but they were immediately kicked back into "Deleted". Eventually I moved them into the Archive folders on my own machine, and worked them from there. Question is: have any others using Oath group email experienced this? Does anybody know of a solution? chris: has anybody else reported this, or is it just me that the Internet hates?
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Post by jevans4949 on Sept 8, 2018 14:18:06 GMT
They usually do and if they have had a previous loan on AC ie W&W, Sc***a. Usually? Sometimes? Every time, please.
And on a similar question I've just had a couple of "loan" repaid notices, also without loan numbers in. How exactly do you think I'm organising my records? All these notices have done is give the name of the loan, which doesn't even match the "Loan Name" column in my downloaded spreadsheet. Grrr.
Think chris said somewhere a few weeks ago that identifying related loans was somewhere on the to-do list. Probably on page 94.
It really needs to be on the Loan Book screen, not buried in the Credit Report.
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Post by jevans4949 on Sept 8, 2018 14:09:14 GMT
Can someone feed the AC hamster please! It seems that the wheel has stopped turning. I've had no SM transactions on my accounts for more than a day now, despite it looking like I have many fillable orders. Perhaps one of AC's big cheeses could lend a hand Hamsters don't eat cheese!
But I had the same problem last Monday/Tuesday. Problem eventually went away.
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Post by jevans4949 on Aug 23, 2018 1:02:28 GMT
I, too, am with Plusnet. It thinks I am in Poplar,whislt I am actually in Cheshire.
Wonder if it's anything to do with those popups which ask if you want the website to know your location.
Is anybody getting their right location?
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