applets
Member of DD Central
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Post by applets on Oct 10, 2018 18:58:11 GMT
The ability to sell now appears to have been halted by MT.
Sadly, this appears to be another poor show by MT. Given that the notice for compulsory strike off was published on 31 July 2018, one wonders how MT can provide an update on 13 September that informs "This loan is performing and there are no issues to report". If MT were not aware of the strike off until today, this demonstrates a complete lack of monitoring of borrowers. If they knew about the strike off before today then they have deliberately withheld the information from lenders who have been purchasing loan parts up to and including today. The decision of MT to inform only those lenders who happen to be members of this forum and logged in today of the situation and not all lenders via the support page of the website or email, is equally reprehensible. OK but see MT latest update: loan is likely to be repaid but if not "any purchases made today on the secondary market will be honoured" Good news for those that purchased loan parts today, but this does not alter the fact that if MT only became aware of the situation this morning the monitoring of borrowers is poor. Further, it leaves me wondering if MT know what they are doing. The disclosure of sensitive information only on this forum to a subset of lenders cannot be correct and will result in an unnecessary cost for MT if they are unable to recover the loan.
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Post by MoneyThing on Oct 19, 2018 18:02:15 GMT
Evening. Update added to platform. Regards, Ed.
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zendog
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Post by zendog on Oct 25, 2018 21:42:49 GMT
Evening. Update added to platform. Regards, Ed. "Meanwhile, the borrower is aiming to be in a position to repay the loan facility within the next week."
Does this mean by Friday 26th?
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zendog
Member of DD Central
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Post by zendog on Oct 26, 2018 20:11:49 GMT
Evening. Update added to platform. Regards, Ed. Oct 19th "Meanwhile, the borrower is aiming to be in a position to repay the loan facility within the next week."
Does this mean by Friday 26th?
Oct 26th "Meanwhile borrower is still awaiting for funds to clear to be able to repay their MoneyThing loan. The expected timing of this will be clarified early next week"
That would be a NO then!
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Post by GSV3MIaC on Nov 2, 2018 17:19:11 GMT
Nobody seems to have commented on here (it's on the website though) that all but 4 of these have now been repaid. Another 'well done, but please expedite the pipeline' .. my ISA is in danger of running aground.
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star dust
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Post by star dust on Nov 2, 2018 19:04:14 GMT
Nobody seems to have commented on here (it's on the website though) that all but 4 of these have now been repaid. Another 'well done, but please expedite the pipeline' .. my ISA is in danger of running aground. Did anyone get an email? The update was dated yesterday, presumably afternoon I hadn't logged in since the morning so I had no idea I had funds sitting there. I thought you were supposed to be emailing investors about repayments MoneyThing ? If it hadn't been for this post I may not have realised for some time being loan propertyless and in withdrawal mode. Looks like I'll have to wait until the site is fixed to make a withdrawal now too. 
Oh, and while it is welcome news that four of the remaining tranches have repaid, there are still four more to go, so lets not count our chickens too soon. The borrower's company still isn't showing as 're-incorporated' on Companies House yet either.
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Post by MoneyThing on Nov 2, 2018 19:17:23 GMT
Apologies star dust - I had drafted the email but forgot to send. Now done.
Regards,
Ed
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Post by MoneyThing on Nov 2, 2018 19:24:31 GMT
Nobody seems to have commented on here (it's on the website though) that all but 4 of these have now been repaid. Another 'well done, but please expedite the pipeline' .. my ISA is in danger of running aground. Did anyone get an email? The update was dated yesterday, presumably afternoon I hadn't logged in since the morning so I had no idea I had funds sitting there. I thought you were supposed to be emailing investors about repayments MoneyThing ? If it hadn't been for this post I may not have realised for some time being loan propertyless and in withdrawal mode. Looks like I'll have to wait until the site is fixed to make a withdrawal now too.
Oh, and while it is welcome news that four of the remaining tranches have repaid, there are still four more to go, so lets not count our chickens too soon. The borrower's company still isn't showing as 're-incorporated' on Companies House yet either.
Just to highlight, seven of the remaining tranches were repaid yesterday (£50,925), leaving a total of £29,100 (four tranches) out of the original £145,500. Regards, Ed.
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zendog
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Post by zendog on Nov 26, 2018 7:00:39 GMT
Moneything update from the 10/11/2018 - "The borrower intends to repay the balance of the loans next week."
It is now over 2 weeks since this update and the balance has not yet been repaid - MoneyThing, do you have an update on when they are likely to repay?
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star dust
Member of DD Central
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Post by star dust on Nov 26, 2018 12:34:39 GMT
Moneything update from the 10/11/2018 - "The borrower intends to repay the balance of the loans next week."
It is now over 2 weeks since this update and the balance has not yet been repaid - MoneyThing , do you have an update on when they are likely to repay?
The status of the borrower's company is still struck off/dissolved at Companies House too, that was also supposed to have been resolved some weeks back.
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zendog
Member of DD Central
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Post by zendog on Nov 26, 2018 19:40:10 GMT
Moneything update from the 10/11/2018 - "The borrower intends to repay the balance of the loans next week."
It is now over 2 weeks since this update and the balance has not yet been repaid - MoneyThing , do you have an update on when they are likely to repay?
We now have an answer - today and tomorrow!
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star dust
Member of DD Central
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Post by star dust on Nov 26, 2018 19:48:08 GMT
Moneything update from the 10/11/2018 - "The borrower intends to repay the balance of the loans next week."
It is now over 2 weeks since this update and the balance has not yet been repaid - MoneyThing , do you have an update on when they are likely to repay?
We now have an answer - today and tomorrow! First two 17 & 18 month terms now paid back with interest.
No repayment email for me yet MoneyThing  Glad to see it all nearly repaid though 
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zendog
Member of DD Central
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Post by zendog on Nov 26, 2018 20:46:41 GMT
We now have an answer - today and tomorrow! First two 17 & 18 month terms now paid back with interest.
No repayment email for me yet MoneyThing Glad to see it all nearly repaid though I received an email at 20:08.
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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 Nov 27, 2018 19:01:10 GMT
Last two now repaid.
Dont care who owns the cars now 
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Glad to see it all nearly repaid though 
