elliotn
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Post by elliotn on Apr 19, 2018 3:24:14 GMT
If I had amended the IP to look like that of a separate legal entity - despite legal advice stating I was carrying out unregulated activity - I would strongly prefer my own administrator who omits this entirely from the creditor update.
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archie
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Post by archie on Apr 19, 2018 6:58:46 GMT
Website changed back again.
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Greenwood2
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Post by Greenwood2 on Apr 19, 2018 7:15:51 GMT
but unless you do further research into each platform, you don't know how big a company is, so for someone like me that doesn't want the extra hassle involved in this , i will just withdraw form p2p lending all together i want to be assured that the risks im taking are in property investment, not in the foibles of some system that hasn't caught up yet I would be pretty confident the larger P2P platforms (Assetz Capital, Rate Setter, Zopa, Funding Circle) are not going to have legal/regulatory problems. If you invest in new/smaller platforms then this is a risk in my opinion Members of the P2PFA might also be a place to check for 'safe' in terms of regulation compliant sites.
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Post by brightspark on Apr 19, 2018 7:48:00 GMT
Oh come on. The whole business of Collateral's registration was so cloaked in fog that the best lawyers in the business are going to make a mint out of sorting it out. The man on the Clapham omnibus never had a chance.
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mason
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Post by mason on Apr 19, 2018 17:32:13 GMT
I would be pretty confident the larger P2P platforms (Assetz Capital, Rate Setter, Zopa, Funding Circle) are not going to have legal/regulatory problems. If you invest in new/smaller platforms then this is a risk in my opinion Members of the P2PFA might also be a place to check for 'safe' in terms of regulation compliant sites. I used to think the best place to check was the FCA website.
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Greenwood2
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Post by Greenwood2 on Apr 19, 2018 20:01:15 GMT
Members of the P2PFA might also be a place to check for 'safe' in terms of regulation compliant sites. I used to think the best place to check was the FCA website. The P2PFA put some rules, best practice and guidelines in place for member platforms before the FCA started trying to regulate things.
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averageguy
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Post by averageguy on May 17, 2018 20:47:02 GMT
I wonder how many people they’ve got working on the nitty gritty stuff .....I wonder if they’ve got access to records yet ...I wonder...
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michaelc
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Post by michaelc on May 19, 2018 14:38:10 GMT
Am I right it could be 8 weeks from the date of the court appointment before we hear anything further?
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Post by fisherman on May 19, 2018 15:59:32 GMT
That is my understanding.
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kaya
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Post by kaya on May 19, 2018 17:43:59 GMT
F****** Collateral con-men. I am very ANGRY!!!
I just hope that the administrators are going to play it fast and tough with all borrowers and their 'assets', and not allow this to mean any slack in recovering all capital and interest due to all us gullible and trusting lenders. As for THEM, may they be investigated fairly, made to pay up for any of our losses, and then bring down the law on them hard, if that is the way it is.
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rxdav
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Post by rxdav on May 19, 2018 19:15:41 GMT
It is only right and proper (in the best British tradition) that COL directors are given a fair trial - in advance of being put before the (metaphorical) firing squad!
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averageguy
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Post by averageguy on May 21, 2018 9:07:10 GMT
At the beginning of last week i sent an email off to the addy provided giving my details and balance o/s..asking for confirmation of receipt etc..did anyone else who did the same thing get a reply....i haven't!
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11025
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Post by 11025 on May 21, 2018 9:08:49 GMT
At the beginning of last week i sent an email off to the addy provided giving my details and balance o/s..asking for confirmation of receipt etc..did anyone else who did the same thing get a reply....i haven't! no reply here either
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moist
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Post by moist on May 21, 2018 9:15:49 GMT
got a reply, but took about a week.....
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victors
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Post by victors on May 21, 2018 9:41:53 GMT
Do we have to contact the administrator with our details?
I've not been formally asked to - so haven't bothered.
Is there any advantage in doing so?
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