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Post by jevans4949 on Aug 6, 2014 13:14:40 GMT
Interesting feature of pre-bid upgrade emerges which I wasn't aware of. I had a pre-bid in place for £100, and a free balance of £27.38. Pre-bid upgrade process has bid £27.38; I had assumed that it would wait until I had £100 in place. On the bidding screen(s), there are no pence shown, so my bid shows as £27 only. chris: Was this feature of the pre-bid process intended? Can you flag the issue with the bidding screens to your front-end team - or is it fixed in the new system? Pre-bids have always placed as large a bid as they can, so that is working as expected. The expectation is that pre-bids signal an intent to lend and that you would want to lend as much as you can, up to the limit, at the point the loan goes live. The rounding to nearest pounds is fixed in the new system. Thanks, chris, not unreasonable, just surprised.
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kermie
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Post by kermie on Aug 15, 2014 13:55:03 GMT
Auction now closed - all filled up. Soft deadline for drawdown is 22/8 - harder deadline 29/8.
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Post by Ton ⓉⓞⓃ on Aug 15, 2014 14:03:46 GMT
<abbr>I noticed that my AI box on this looks different, for some reason it's not showing my total investment (just shows 0.00), just below the AI box I can see all my bids listed correctly tho'. Perhaps an effect of a loan going thru' the mill thrice times?
Also I notice in the Lender bids that a chap has bid several times the same rather large amount. It struck me that it might be a typo error. Anyone know if AC is forgiving in these circumstabes?
</abbr>
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kermie
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Post by kermie on Aug 15, 2014 14:11:44 GMT
<abbr>I noticed that my AI box on this looks different, for some reason it's not showing my total investment (just shows 0.00), just below the AI box I can see all my bids listed correctly tho'. Perhaps an effect of a loan going thru' the mill thrice times? Odd. You may want to have that checked: My AI box looks fine - despite me having an unusual mixture of unsettled and settled shadow bids.
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Post by Ton ⓉⓞⓃ on Aug 20, 2014 8:32:02 GMT
Could I just bring your attention to this chris? When the auction for Aber.. ended I noticed that my AI box looked different, for some reason it's not showing my total investment (just shows 0.00), just below the AI box I can see all my bids listed correctly tho'. Perhaps an effect of a loan going thru' the mill thrice times? But today I noticed...  The above piccy seems to show that some bids have gone missing as it says 91% and not 100% full as it should. I hope everything's okay with this auction. Also I noticed when this auction closed, in the Lender bids, that a chap has bid several times the same rather large amount. It struck me that it might be a typo error. Anyone know if AC is forgiving in these circumstances? |
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Post by Ton ⓉⓞⓃ on Aug 26, 2014 14:06:17 GMT
Wow this is about to become a loan unit, it must've taken about a year in all if you assume it took a little time for AC to do DD before the proposal appeared on the site.
I was wondering what the procedure is, The money leaves my account and goes electonically to the IVA supervisor's a/c (or his legal dept). It's then used to pay off the borrowers bank, they then hand over the deeds of the property to our legal team, AC then do all the registering of charges. At what point are the loan units created and appear in my loan book? It must all happen on the same day.
Congrats to the Borrowers and thanks for sticking with it, I'm sure you won't forget to make the repayments on time.
I didn't know how to spell Aberystwyth before this loan.
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spockie
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Post by spockie on Aug 27, 2014 10:46:15 GMT
Just drawn down.
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ianj
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Post by ianj on Aug 27, 2014 14:55:34 GMT
...and some of it up for sale immediately! AI acquired £100 for me at 11:45. 
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mikes1531
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Post by mikes1531 on Aug 27, 2014 16:19:44 GMT
...and some of it up for sale immediately! AI acquired £100 for me at 11:45. Lucky you! I picked up some at the same time, but I got only £75 worth. I suppose we shouldn't expect to see too much of this loan on the Aftermarket since there was no underwriter involvement by the time the auction closed.
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kermie
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Post by kermie on Aug 27, 2014 17:27:53 GMT
Well done AC on getting this one out.
Indeed, at 14% and with zero or little underwriting, I would not expect to pick up much on the AM.
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oldgrumpy
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Post by oldgrumpy on Apr 29, 2015 15:58:06 GMT
Loan #79 Trading Suspended. Borrower now has cashflow problems. Wants a reduced payment regime until autumn 2015. Not much trade expected for the summer season then! Cannot currently afford the interest payments. Come September, principal will need to be included in the payments too.
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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 Apr 29, 2015 16:10:41 GMT
Loan #79 Trading Suspended. Borrower now has cashflow problems. Wants a reduced payment regime until autumn 2015. Not much trade expected for the summer season then!annot currently afford the interest payments. Come September, principal will need to be included in the payments too. C One in, one out on the old distressed loans list then!  Edit: Like Eyeglasses, again only shortly after Covenant tracker recorded a pass. Embarassing?
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Apr 29, 2015 16:30:04 GMT
Loan #79 Trading Suspended. Borrower now has cashflow problems. Wants a reduced payment regime until autumn 2015. Not much trade expected for the summer season then! Cannot currently afford the interest payments. Come September, principal will need to be included in the payments too. Sincerely hope there wasn't some insider trading going on here - some higher than normal lumps of it were sold into my account last night. Probably just coincidence - a lender who was spooked by a 2-days late payment.
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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
Posts: 11,329
Likes: 11,549
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Post by ilmoro on Apr 29, 2015 17:03:03 GMT
Loan #79 Trading Suspended. Borrower now has cashflow problems. Wants a reduced payment regime until autumn 2015. Not much trade expected for the summer season then! Cannot currently afford the interest payments. Come September, principal will need to be included in the payments too. Sincerely hope there wasn't some insider trading going on here - some higher than normal lumps of it were sold into my account last night. Probably just coincidence - a lender who was spooked by a 2-days late payment. I would have expected you to have a crystal ball to go with the hat 
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duck
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Post by duck on Apr 29, 2015 17:06:32 GMT
Loan #79 Trading Suspended. Borrower now has cashflow problems. Wants a reduced payment regime until autumn 2015. Not much trade expected for the summer season then! Cannot currently afford the interest payments. Come September, principal will need to be included in the payments too. Sincerely hope there wasn't some insider trading going on here - some higher than normal lumps of it were sold into my account last night. Probably just coincidence - a lender who was spooked by a 2-days late payment. Yes I picked up close to £100 at 5pm yesterday, surprised me as well.
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