spyrogyra
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Post by spyrogyra on Mar 20, 2018 15:53:29 GMT
It looks like we need a thread like this. I'd rather see this rolling down the pages, but as things go, it's not very likely.
Let it be a constant reminder to FS.
First to report is 1601749598 Re*h**l . Expected end19/02/2018
No updates
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mariner
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Post by mariner on Mar 20, 2018 16:51:44 GMT
Couple more for you
1084530215 - £503,200, due to be repaid 10/02/2018 - no updates
2153825799 - £149,000, due to be repaid 11/02/2018 - no updates
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james21
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Post by james21 on Mar 20, 2018 17:29:43 GMT
It looks like we need a thread like this. I'd rather see this rolling down the pages, but as things go, it's not very likely. Let it be a constant reminder to FS. First to report is 1601749598 Re*h**l . Expected end19/02/2018 No updatesAnd its a 2nd
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Liz
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Post by Liz on Mar 20, 2018 17:42:44 GMT
The growing list of late loan and is also an issue, despite them having a vauge, hopeful, expected type update.
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adrian77
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Post by adrian77 on Mar 20, 2018 18:01:19 GMT
FS have very few staff and an ever increasing list of late payers and problem loans
I worry that they don't have the staff to keep on top of then and I worry even more they have not got the readies to deal with the legal work etc with the defaulted loans.
To their credit FC got out of property when they realised it wasn't the cash cow they thought it was (tell me about it) but FS will have millions invested in what look like very problematical loans to me e.g. Suffolk Sn*w dome, South Wales Hotel , etc etc
As of today I am stoppping investing in most FS property loans and all boats, wind turbines and hotels...
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mariner
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Post by mariner on Mar 20, 2018 18:01:35 GMT
By my calcs 25% of the loan book as of today overdue!!! - over £26,000,000 of our money
That is worrying
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spyrogyra
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Post by spyrogyra on Mar 20, 2018 18:53:38 GMT
Keep posting all loans with no update over a month after repayment date. Let's try and build some pressure, let's not allow them to be negligent with our money. No action for months (years in some cases) and then even a fully recoverable loan will crystalize loses of capital.
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btc
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Post by btc on Mar 21, 2018 8:24:58 GMT
By my calcs 25% of the loan book as of today overdue!!! - over £26,000,000 of our money That is worrying Fundingsecure loans are only optional to replay after 6 months, you can send fundingsecure a fake letter to says you are looking at refinancing and then fundingsecure will extend the loan.
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rogerthat
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Post by rogerthat on Mar 21, 2018 11:47:02 GMT
OK..not quite there but :-
8981978557...£220K due to be repaid 24/02/2018...no updates
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Post by portlandbill on Mar 21, 2018 13:08:28 GMT
each time one of my loans has gone overdue by a couple or three weeks with no update I ask on the chat box and an update usually appears a couple of days later.
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bfish
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Post by bfish on Mar 21, 2018 14:19:26 GMT
each time one of my loans has gone overdue by a couple or three weeks with no update I ask on the chat box and an update usually appears a couple of days later. Perhaps you have much larger sums invested, Bill . . . ? Or else maybe you don't ask that often ? I have just experienced 33 days delay getting ANY update published on 2172717302 (E**** Maria B******), only to be told the Borrower has been away travelling for 3 weeks and (obviously) still hasn't replied to any chasers . . . but hey, the lovely Evie tells me they still 'don't have any reason for any concern' with this loan ! Lovely!!
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lobster
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Post by lobster on Mar 21, 2018 14:29:11 GMT
each time one of my loans has gone overdue by a couple or three weeks with no update I ask on the chat box and an update usually appears a couple of days later. Perhaps you have much larger sums invested, Bill . . . ? Or else maybe you don't ask that often ? I have just experienced 33 days delay getting ANY update published on 2172717302 (E**** Maria B******), only to be told the Borrower has been away travelling for 3 weeks and (obviously) still hasn't replied to any chasers . . . but hey, the lovely Evie tells me they still 'don't have any reason for any concern' with this loan ! Lovely!! FS are absolutely correct - they don't have any reason for concern , because it's not their money that's at risk - it's ours 
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michaelc
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Post by michaelc on Mar 21, 2018 14:52:22 GMT
I could be wrong but don't FS get their fees on loan repayment?
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Liz
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Post by Liz on Mar 21, 2018 17:40:03 GMT
By my calcs 25% of the loan book as of today overdue!!! - over £26,000,000 of our money That is worrying Mine is less than 5%. If I had anywhere near 25%, that would scare the life out of me.
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spyrogyra
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Post by spyrogyra on Mar 22, 2018 12:58:49 GMT
I could be wrong but don't FS get their fees on loan repayment? If you were raking fees from 200 mil loan book you may be in a mood to miss some? All you need to say is " toldya, didn't we, your capital is at risk".
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