dermot
Member of DD Central
Posts: 862 
Likes: 517
|
Post by dermot on Mar 2, 2018 17:29:47 GMT
Don't know about anyone else, but I'd be very pleased to see a huge influx of bling come to Unbolted as the Collateral loan book is unwound ... I'm sure Unbolted staff are aware of recent news there.
|
|
ptr120
Member of DD Central
Posts: 1,197
Likes: 1,346
|
Post by ptr120 on Mar 2, 2018 17:50:43 GMT
There is some bling (Pawnbroking loans) in the MoneyThing pipeline. I've no reason to think that it is related to the loans currently on COL but they could be of interest as and when they appear. |
|
kaya
Member of DD Central
Posts: 1,150
Likes: 718
|
Post by kaya on Mar 2, 2018 20:53:00 GMT
Don't know about anyone else, but I'd be very pleased to see a huge influx of bling come to Unbolted as the Collateral loan book is unwound ... I'm sure Unbolted staff are aware of recent news there. Well If I were anything to do with the running of Unbolted, I would stay well clear of that pile of toxic jewelry. As an old story goes, it really might be just '  '. Edit required for clarification: symbol above said C - R - A -P. This censorship lark is really going too far. I am merely repeating a mainstream news story.
|
|
dermot
Member of DD Central
Posts: 862
Likes: 517
|
Post by dermot on Mar 2, 2018 20:59:53 GMT
Don't know about anyone else, but I'd be very pleased to see a huge influx of bling come to Unbolted as the Collateral loan book is unwound ... I'm sure Unbolted staff are aware of recent news there. Well If I were anything to do with the running of Unbolted, I would stay well clear of that pile of toxic jewelry. As an old story goes, it really might be just ' '. Edit required for clarification: symbol above said C - R - A -P. This censorship lark is really going too far. I am merely repeating a mainstream news story. Got a link to that story? I'd been more worried about property ....
|
|
|
|
Post by GSV3MIaC on Mar 2, 2018 21:27:59 GMT
I think the reference was to Mr Ratner's comment, some years ago, which basically sank his Jewellery chain.
And the censorator was put there for a purpose .. this still isn't the news-of-the-world or the sun .. if you want to swear (which doesn't upset me, but does upset some folks) beware of attracting attention which will give you something to swear about.
|
|
stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,442
Likes: 945
|
Post by stub8535 on Mar 2, 2018 23:01:12 GMT
There is some bling (Pawnbroking loans) in the MoneyThing pipeline. I've no reason to think that it is related to the loans currently on COL but they could be of interest as and when they appear. It was put out in the mt pipeline b4 the current issue at coll came to light.
|
|
elliotn
Member of DD Central
Posts: 3,063
Likes: 2,681
|
Post by elliotn on Mar 3, 2018 0:56:18 GMT
Don't know about anyone else, but I'd be very pleased to see a huge influx of bling come to Unbolted as the Collateral loan book is unwound ... I'm sure Unbolted staff are aware of recent news there. I'm not sure Unb could do much directly. Coll's borrowers were anonymous. Borrowers will either buy back their jewellery or the administrator will presumably let an auction house sell on our behalf (if Gordon or the directors are still, they may bring in their trade partners). Borrowers that buy back could presumably refinance with Unb if they know about them. The agent will be familiarising themselves with the market, perhaps Unbolted could make contact requesting their details be circulated, I do not what the protocols are but possibly not part of the administrator's remit. The new buyers of any sold off jewellery might possibly want to refinance or they may not. Perhaps if Unb learnt of any such auctions they could notify potential customers of financing possibilities although I don't know if they have a sales arm as such. Most of my remaining Coll book is jewellery so I would love for Unb to be part of any accelerated recovery solution. Edit - another option might be buying the book off Coll although Unb is even smaller so that would depend on their access to credit. Collateral is still a trading company - it's unregulated, not bankrupt - and an important part of their living will is to pay for administration by ongoing borrower fees as the book is wound down so a one off, discounted sale attractive to Unb might not be on the cards just yet. Edit - BM have offered to help manage loans they were invested in. Perhaps Unb could help in offering any refis on their platform although, as noted, there will need to be enough headroom in the fees to pay for the ongoing administration. Lots of possibilities that the administrator will explore, we need to wait up to 8 weeks (possibly extended) to see what options might be on the table.
|
|
'.
