chunkie
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Post by chunkie on Mar 5, 2018 11:55:29 GMT
Evie (live chat) advises the auction went ahead and net sales proceeds will be advised in due course.
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stub8535
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Post by stub8535 on Mar 5, 2018 12:20:38 GMT
Evie (live chat) advises the auction went ahead and net sales proceeds will be advised in due course. Ahhh! I remember similar things well in the past chunkie. Did not turn out well though.
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chunkie
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Post by chunkie on Mar 5, 2018 12:34:23 GMT
My guess is half our money back. Fortunately I only have a small investment in both loans.
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r1200gs
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Post by r1200gs on Mar 5, 2018 12:39:16 GMT
Surely this isn't difficult to work out? Am I missing something?
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chunkie
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Post by chunkie on Mar 5, 2018 13:16:59 GMT
Maybe an hour's work on a simple spreadsheet?
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stub8535
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Post by stub8535 on Mar 5, 2018 13:40:41 GMT
Surely this isn't difficult to work out? Am I missing something? Not for two single asset loans r1200gs my comment was based on railway memorabilia multiple asset backed loans in default.
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Mar 5, 2018 13:52:47 GMT
Surely this isn't difficult to work out? Am I missing something? Not for two single asset loans r1200gs my comment was based on railway memorabilia multiple asset backed loans in default. Yes we have been getting small amounts over the last few months. "Slowly Slowly catchy monkey (or whatever sum you invested :-) ) I think we will eventually get all capital and at least some interest.
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stub8535
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Post by stub8535 on Mar 5, 2018 14:00:01 GMT
Not for two single asset loans r1200gs my comment was based on railway memorabilia multiple asset backed loans in default. Yes we have been getting small amounts over the last few months. "Slowly Slowly catchy monkey (or whatever sum you invested :-) ) I think we will eventually get all capital and at least some interest. That is a spreadsheet I would like to peruse. I do wonder if the funds yielded from sales have all gone to the loans backed by the specific sold asset. We will just need to trust FS😂
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Godanubis
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Post by Godanubis on Mar 5, 2018 14:10:13 GMT
Yes we have been getting small amounts over the last few months. "Slowly Slowly catchy monkey (or whatever sum you invested :-) ) I think we will eventually get all capital and at least some interest. That is a spreadsheet I would like to peruse. I do wonder if the funds yielded from sales have all gone to the loans backed by the specific sold asset. We will just need to trust FS😂 That good old word "Trust" I think we should change our accounts to Dollar accounts at least they have printed on them"in God we Trust" . I think Trust is a word that is not in the vocabulary of some p2p lenders replaced by either "Greed or Avarice" Perhaps Trust is a word for an older generation that ponders life a bit more than the "snowflakes" 
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stub8535
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Post by stub8535 on Mar 7, 2018 19:33:48 GMT
That is a spreadsheet I would like to peruse. I do wonder if the funds yielded from sales have all gone to the loans backed by the specific sold asset. We will just need to trust FS😂 That good old word "Trust" I think we should change our accounts to Dollar accounts at least they have printed on them"in God we Trust" . I think Trust is a word that is not in the vocabulary of some p2p lenders replaced by either "Greed or Avarice" Perhaps Trust is a word for an older generation that ponders life a bit more than the "snowflakes" Ouch. The god of cemeteries saying that is not lost Godanubis. Do I climb into my wooden overcoat now?😇👿😱👻
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Post by df on Mar 7, 2018 19:58:42 GMT
Yes we have been getting small amounts over the last few months. "Slowly Slowly catchy monkey (or whatever sum you invested :-) ) I think we will eventually get all capital and at least some interest. That is a spreadsheet I would like to peruse. I do wonder if the funds yielded from sales have all gone to the loans backed by the specific sold asset. We will just need to trust FS😂 I don't see why they wouldn't, what would be a point for FS to distribute the funds equally across all of them? I'm in probably all "train tranches" and so far the repayment amounts are different for each, some had no repayments yet. This tells me that proceeds from sales of assets go to loans related to specific security items.
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stub8535
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Post by stub8535 on Mar 7, 2018 20:53:19 GMT
That is a spreadsheet I would like to peruse. I do wonder if the funds yielded from sales have all gone to the loans backed by the specific sold asset. We will just need to trust FS😂 I don't see why they wouldn't, what would be a point for FS to distribute the funds equally across all of them? I'm in probably all "train tranches" and so far the repayment amounts are different for each, some had no repayments yet. This tells me that proceeds from sales of assets go to loans related to specific security items. distributing cash to everyone with loans to the same borrower no matter the asset allocation was under consideration iirc. You may well be right. We have no way of knowing as transparency is not a strong suit of FS.
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chunkie
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Post by chunkie on Mar 9, 2018 14:55:32 GMT
So I asked LiveChat the following "Please commit to a date on which you will publish the results of the auction".
Response: "We are still processing the figures at the moment but once we have completed this the loan pages will be updated".
Me: "Are you talking a few days or weeks or months?"
Response: "This is all of the information I have at the moment, but I have requested an update be made onto the loan pages as soon as we have some further information"
Me: "Can you ask the manager to provide an estimate of when the analysis will be complete? "
Response: "We do not have a set time period but an update should be posted on the loan in the week to ten days."
Pulling teeth!
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chunkie
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Post by chunkie on Mar 19, 2018 16:34:43 GMT
Me: Please provide anticipated date for release of auction results for loan 9899194706
Stacie: Hi Eric, one moment and I will take a look
Stacie: Apologies for the delay, I was trying to gain full information but unfortunately I do not have the exact dates for the auction. As soon as we have further information we will update the loan but the auction is scheduled for the end of this month
Me: The auction was three weeks ago. I want to know when you will publish the result?
Stacie: Sorry Eric! We are just waiting on confirmation from the auction and as soon as we have the final figure and the outcome from the auction we will update the loan. I will chase this up with the person in charge of the loan
Me: No! I was told a week ago that you already had the results and were analyzing them. I want to know the results of the analysis.
Stacie: Yes we do not have the outcome from the analysis yet however as soon as we do we will update the loan page
Me: when will that be? It's been over three weeks already.
Stacie: We will hopefully have a further update towards the end of this week. I will chase this up with the person in charge of the loan
Eric Thx. Bye.
Stacie Have a nice day
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adrian77
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Post by adrian77 on Mar 19, 2018 18:39:42 GMT
This constant use of "update" to refer to meaningless twaddle used as an excuse for not giving a proper update is really starting to annoy me
below is from the OED
update :
1 Make (something) more modern or up to date.
1.1 Give (someone) the latest information about something.
If there is no change in not having a scoobie's about a loan progress then that is not an update!
Sounds like the FS staff have been told to use "update" by a spin-meister so that it sounds professional and improves customer confidence - well it doesn't.
It would be better English and more honest to say " the chances are that nothing has changed but we will confirm this in another meaningless comment"
I just can't wait for the nitty-gritty updates for Whitehaven etc!
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