hazellend
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Post by hazellend on Feb 24, 2019 9:54:14 GMT
I thought the last email said late payments brought up to date but next payment would be late
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Post by df on Feb 24, 2019 11:02:08 GMT
I thought the last email said late payments brought up to date but next payment would be late It said capital and interest payments will be distributed to lenders on 27th Feb. Also at the very least Ablrate will receive another monthly payment no later than the 27th March if the settlement payment is delayed beyond this.
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hazellend
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Post by hazellend on Feb 24, 2019 11:06:44 GMT
Oh good stuff. This has been a great loan under ablrate’s stewardship. I can think of more than a few other sites that would have let this one get away from them.
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Post by ladywhitenap on Feb 28, 2019 11:15:52 GMT
ablrateA disappointing start to the new arrangement with the first payment not made on time. LW
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ianj
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Post by ianj on Feb 28, 2019 12:20:14 GMT
ablrate A disappointing start to the new arrangement with the first payment not made on time. LW As I understand it..... .....Email dated 19th Feb stated that Ablrate "has received two months’ worth of capital and interest payments which will be distributed to lenders on the next interest payment date (27th Feb)." These payments were actually credited to my account the following day, a week earlier than originally proposed! Regarding further payments, the same email said "Ablrate will receive another monthly payment no later than the 27th March if the settlement payment is delayed beyond this.". Think we have to wait a further month before there's any cause for complaint.
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Post by ladywhitenap on Feb 28, 2019 12:41:05 GMT
ablrate A disappointing start to the new arrangement with the first payment not made on time. LW As I understand it..... .....Email dated 19th Feb stated that Ablrate "has received two months’ worth of capital and interest payments which will be distributed to lenders on the next interest payment date (27th Feb)." These payments were actually credited to my account the following day, a week earlier than originally proposed! Regarding further payments, the same email said "Ablrate will receive another monthly payment no later than the 27th March if the settlement payment is delayed beyond this.". Think we have to wait a further month before there's any cause for complaint. I agree that we got the capital and interest referred to in the email about a week ago, excellent. However, the repayments table showed a payment due yesterday the amount of which looked like the first of the repayment under the revised arrangement. It is now marked as unpaid. So either the repayment table is incorrect or a payment was not made on time. This hopefully can be resolved by ablrate. LW
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Post by ablrate on Feb 28, 2019 14:14:50 GMT
We are awaiting this month's payment. The borrower has kept us up to date on progress towards full payment and is aware that we require payments to remain up to date.
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dh1
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Post by dh1 on Feb 28, 2019 15:42:11 GMT
I managed to sell out of this loan a couple of days ago at a small discount. I had no idea (who would buy it?) that I could do that until I spotted that the sell option (a) was available and (b) that various folks were actually offering to buy... Go figure!
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hazellend
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Post by hazellend on Feb 28, 2019 22:09:19 GMT
It’s been a decent loan and LTV is now very low. Doesn’t look like anybody wants to sell now.
My preference would be for the borrower to continue with the ABLrate loan and continue to amortise it but I guess they will be getting a much lower rate with the new lender.
I do think this loan could have gone wrong under some other P2P sites,
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 22, 2019 15:06:29 GMT
New update. Refinance is taking longer due to it being more comprehensive than first thought (some additional shopping involved) Interest payment to be made EOM & mid-April to bring up to date if still not refinanced.
Meanwhile the proposals from the administrator for a related party loan on another platform are available at CH & are less positive.
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blender
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Post by blender on Mar 22, 2019 19:39:48 GMT
New update. Refinance is taking longer due to it being more comprehensive than first thought (some additional shopping involved) Interest payment to be made EOM & mid-April to bring up to date if still not refinanced.
Meanwhile the proposals from the administrator for a related party loan on another platform are available at CH & are less positive.
Losses have to be taken somewhere. This is not the platform on which to dump losses easily.
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mw
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Post by mw on Apr 17, 2019 10:22:03 GMT
This loan’s gone a bit quiet!
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ptr120
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Post by ptr120 on Apr 24, 2019 10:12:03 GMT
Hi ablrate checking CH records I can't see the debenture over E. W**d I******ents or the debenture over Z** Fis***g. Please can you check and confirm that both have been correctly registered?
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Post by westcountry on Apr 24, 2019 11:19:42 GMT
Also, ablrate, the last update e-mail to this loan (29th March) said that the borrower was going to make a payment ASAP and another mid-April, to bring the loan up to date. However these payments haven't materialised, and the loan is now nearly 2 months overdue (both 27th Feb and 27th Mar repayments are still outstanding) - what has been happening with this loan since the last update, please?
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Post by spareapennyor2 on Apr 24, 2019 12:05:10 GMT
received a payment now
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