rogerthat
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Post by rogerthat on May 1, 2018 10:08:16 GMT
Could anyone assist with identifying the loan number/name that refers to Part No.s in the range 925549 - 925578. They were recovered into my account on the 26/4/18 but only 2 loan comments for that date exist and the combined defaulted amount on those isn't sufficient to have provided the amount deposited...thanks
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rogerthat
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Post by rogerthat on May 1, 2018 11:02:12 GMT
Could anyone assist with identifying the loan number/name that refers to Part No.s in the range 925549 - 925578. They were recovered into my account on the 26/4/18 but only 2 loan comments for that date exist and the combined defaulted amount on those isn't sufficient to have provided the amount deposited...thanks Have you tried downloading your Loan Parts, or asking FC ? Havent used FC since the London/Shoreditch/Eastbourne Hotels fiasco..the straw that broke the camels back for me..in the old days you could identify the loan number with ease until they removed it in the interest of obfuscation..if outstanding totals were reduced as money was recovered that would also help..but I expect that's much too sensible..if I get desperate I might send them an email..in fact I will as it might be someone elses..thanks anyway
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cobi
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Post by cobi on May 1, 2018 15:51:23 GMT
You can download all your loan parts and identify the loan for your part number.
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markr
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Post by markr on May 1, 2018 17:21:18 GMT
Could anyone assist with identifying the loan number/name that refers to Part No.s in the range 925549 - 925578. From loan parts I have, I can narrow it down to somewhere between 1839 and 1950 and it would have been made in December 2012 or early January 2013. Edit: The loans in default between those IDs are 1839, 1849, 1863, 1873, 1913, 1929, 1934, 1935, 1945, 1950.
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rogerthat
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Post by rogerthat on May 1, 2018 19:14:05 GMT
Could anyone assist with identifying the loan number/name that refers to Part No.s in the range 925549 - 925578. From loan parts I have, I can narrow it down to somewhere between 1839 and 1950 and it would have been made in December 2012 or early January 2013. Edit: The loans in default between those IDs are 1839, 1849, 1863, 1873, 1913, 1929, 1934, 1935, 1945, 1950. Thanks for your help but after trolling through every loan part ive found its Loan 1812..Prof**s Y*u C*n B*nk *n....oh the irony  ..a company that seem to pay something back when they feel like it. The loan commenced in December 2012 . Whether my life expectancy or their final repayment wins out is a moot point. FC of course, didn't put any note in my loan comments to that effect, so I was none the wiser
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rogerthat
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Post by rogerthat on May 1, 2018 19:15:07 GMT
You can download all your loan parts and identify the loan for your part number. Sorted..thanks
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markr
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Post by markr on May 1, 2018 21:38:29 GMT
Thanks for your help but after trolling through every loan part ive found its Loan 1812..Prof**s Y*u C*n B*nk *n....oh the irony Glad you found it! Your loan would have been listed earlier but accepted later than 1839, which is why my 1839 parts have lower numbers than your 1812 parts. I'd forgotten that loan part numbers are allocated on acceptance, and in those days it could be up to 3 weeks between listing and acceptance. Interestingly, 1812 is marked as late in the loan book, not defaulted, which is surprising and may explain why it doesn't get the usual "recovery payment" comments.
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rogerthat
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Post by rogerthat on May 1, 2018 23:36:37 GMT
Thanks for your help but after trolling through every loan part ive found its Loan 1812..Prof**s Y*u C*n B*nk *n....oh the irony Glad you found it! Your loan would have been listed earlier but accepted later than 1839, which is why my 1839 parts have lower numbers than your 1812 parts. I'd forgotten that loan part numbers are allocated on acceptance, and in those days it could be up to 3 weeks between listing and acceptance. Interestingly, 1812 is marked as late in the loan book, not defaulted, which is surprising and may explain why it doesn't get the usual "recovery payment" comments. Yes, I noted that too..I also noted this on the repayments tab
Comments on this loan
Comment Date May payment has been received and distributed to investors today. 28 Feb 2018 16:33:34As that is the most recent entry it raises further questions... 1. Was this entry, the last time the borrowers paid anything i.e 28/02/18 ? 2. If so, why has it only just been received into my account 26/04/18 ? ....I'm presuming the month of May referred to is 2017 ..as ive never heard of any borrowers ever paying in advance, in which case this borrower is a calendar year behind with payments 3. If not, are there missing entries on the Repayments Tab ? 4. Does anybody know what's going on ?
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dawn
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Post by dawn on May 2, 2018 7:00:37 GMT
Glad you found it! Your loan would have been listed earlier but accepted later than 1839, which is why my 1839 parts have lower numbers than your 1812 parts. I'd forgotten that loan part numbers are allocated on acceptance, and in those days it could be up to 3 weeks between listing and acceptance. Interestingly, 1812 is marked as late in the loan book, not defaulted, which is surprising and may explain why it doesn't get the usual "recovery payment" comments. Yes, I noted that too..I also noted this on the repayments tab
Comments on this loan
Comment Date May payment has been received and distributed to investors today. 28 Feb 2018 16:33:34As that is the most recent entry it raises further questions... 1. Was this entry, the last time the borrowers paid anything i.e 28/02/18 ? 2. If so, why has it only just been received into my account 26/04/18 ? ....I'm presuming the month of May referred to is 2017 ..as ive never heard of any borrowers ever paying in advance, in which case this borrower is a calendar year behind with payments 3. If not, are there missing entries on the Repayments Tab ? 4. Does anybody know what's going on ? I am also in this loan and it has been running late for years. First went late in Sept 14 and stayed late until June 16. It then payed on time for July, August and Sept 16 before slipping back into it's old habits of paying late (and getting progressively later). Currently it has paid up to and including June 17 with 6 payments remaining - it was due to have paid off in full by 11/12/17 but I think we'll be lucky if it is only a year late paying off. At least this way we are getting our capital back albeit very slowly and probably with no interest for additional time the loan overruns by - however if the choice is that or almost certain lose of capital by defaulting I'll go for this option. I only have £2.51 left in this loan so others with a greater stake may feel differently. Re comments I have found that comments often appear some time after the event - in this case no comment has been added for the June 17 payment although I received it on 26th April this year.
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rogerthat
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Post by rogerthat on May 2, 2018 9:13:39 GMT
Yes, I noted that too..I also noted this on the repayments tab
Comments on this loan
Comment Date May payment has been received and distributed to investors today. 28 Feb 2018 16:33:34As that is the most recent entry it raises further questions... 1. Was this entry, the last time the borrowers paid anything i.e 28/02/18 ? 2. If so, why has it only just been received into my account 26/04/18 ? ....I'm presuming the month of May referred to is 2017 ..as ive never heard of any borrowers ever paying in advance, in which case this borrower is a calendar year behind with payments 3. If not, are there missing entries on the Repayments Tab ? 4. Does anybody know what's going on ? I am also in this loan and it has been running late for years. First went late in Sept 14 and stayed late until June 16. It then payed on time for July, August and Sept 16 before slipping back into it's old habits of paying late (and getting progressively later). Currently it has paid up to and including June 17 with 6 payments remaining - it was due to have paid off in full by 11/12/17 but I think we'll be lucky if it is only a year late paying off. At least this way we are getting our capital back albeit very slowly and probably with no interest for additional time the loan overruns by - however if the choice is that or almost certain lose of capital by defaulting I'll go for this option. I only have £2.51 left in this loan so others with a greater stake may feel differently. Re comments I have found that comments often appear some time after the event - in this case no comment has been added for the June 17 payment although I received it on 26th April this year.Morning Dawn..(an oxymoron?)...so you're saying your payment was for June 17..if that's the case then it seems I'm missing a payment comment as dates coincide. I suppose the only way I can check is trawl through all the financial statements since the loans inception but you seem to have a good grasp on this..maybe I'll mail FC and let them do the donkey work for me. However, I suppose I ought to give some credit to FC (that hurt) as I lent this borrower £3K and if the figures are to believed the remaining amount is £373.60...so their approach and your comments bear that out..pity 2% wasn't added as a penalty for late payment though. Thanks for your input.
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rogerthat
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Post by rogerthat on May 2, 2018 9:52:43 GMT
Call this completely coincidental...psychic or woteva but this has appeared whilst I blinked...
P...... Y.. C.. B... O. (1812) — 295 days late, exposure £3*3.6*
Downgraded (No risk band - More info)
02 May 2018
We have come to an agreement with the guarantor which is currently seeing 48% of the contractual monthly repayment repaid each month. On a RAG (Red, Amber, Green) rating system, we would give this loan a Green status, as we expect the loan to be repaid in full.
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rogerthat
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Post by rogerthat on May 2, 2018 12:56:49 GMT
One presumes the 'monthly contractual payment' referred to is a joke as they are c 12months in arrears..and does the "new agreement" of 48% mean that in effect they will only pay approximately half (per month) of what remains on the 6 repayments left, thereby extending the loan for another 12 months ?..the email has been sent  |
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rogerthat
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Post by rogerthat on May 3, 2018 15:57:31 GMT
Final comment on the subject...reply from email sent two days ago :-
Thank you for getting in touch
Looking at your transaction statement I can confirm that the last repayment was received on 27/04/18 and I believe it was for June 2017, unfortunately a loan comment was not added to inform investors of this.
Regarding the 48% of the contractual monthly repayment, this is 48% of their original monthly repayment which was agreed when they took out the loan. Meaning that it will double the length of time to repay the outstanding amount but it has been given a green RAG status and expected to repay in full.
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..a company that seem to pay something back when they feel like it. The loan commenced in December 2012 . Whether my life expectancy or their final repayment wins out is a moot point. FC of course, didn't put any note in my loan comments to that effect, so I was none the wiser
