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Post by dan1 on May 14, 2018 12:06:35 GMT
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kaya
Member of DD Central
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Post by kaya on May 14, 2018 16:42:34 GMT
Another tasty loan from Huddle at a crackin' rate. Surprising perhaps that they cannot borrow at a cheaper rate elsewhere.
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hazellend
Member of DD Central
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Post by hazellend on May 14, 2018 21:56:54 GMT
I’ve eaten in one of their restaurants a few times. Decent Italian food, family friendly, very popular.
Seems like a good loan to me
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Steerpike
Member of DD Central
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Post by Steerpike on May 15, 2018 12:08:08 GMT
Cor, £1 meelion dividend followed by borrowing £119k at 20%+(?) looks odd but perhaps it makes sense from a taxation perspective.
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Post by df on May 15, 2018 14:46:23 GMT
Another tasty loan from Huddle at a crackin' rate. Surprising perhaps that they cannot borrow at a cheaper rate elsewhere. They already have two loans from LC: 218k at 9.45% and 109k at 9.44%. I guess it's not easy to get a third loan at cheaper rate.
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Post by dan1 on May 15, 2018 14:52:41 GMT
Another tasty loan from Huddle at a crackin' rate. Surprising perhaps that they cannot borrow at a cheaper rate elsewhere. They already have two loans from LC: 218k at 9.45% and 109k at 9.44%. I guess it's not easy to get a third loan at cheaper rate. Presumably, those are secured whereas the Huddle offering is not. Real question is how did they get to ACF, rather than, say, FC?
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Post by df on May 15, 2018 15:22:14 GMT
They already have two loans from LC: 218k at 9.45% and 109k at 9.44%. I guess it's not easy to get a third loan at cheaper rate. Presumably, those are secured whereas the Huddle offering is not. Real question is how did they get to ACF, rather than, say, FC? Yes, they both display "asset security". Would be interesting to know what asset, LC doesn't specify (or may be I just don't know how to find this information). I'm always curious why this type of borrowers go to ReBS or LC instead of getting lower rate from FC?
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Post by dan1 on May 15, 2018 15:40:38 GMT
Presumably, those are secured whereas the Huddle offering is not. Real question is how did they get to ACF, rather than, say, FC? Yes, they both display "asset security". Would be interesting to know what asset, LC doesn't specify (or may be I just don't know how to find this information). I'm always curious why this type of borrowers go to ReBS or LC instead of getting lower rate from FC? Look for the company name T*** M******* Ltd on CH.
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kaya
Member of DD Central
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Post by kaya on May 15, 2018 15:51:31 GMT
Yes weird. I thought that Funding Circle just handed out money to anyone that asked. Has often seemed like it anyway, when I trawl through my lengthy defaults list. Still, as df has pointed out, this is now apparently third concurrent time, handing around the collection plate. The company appears to prefer to live on debt. Nothing unusual about that I suppose. |
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Post by dan1 on Jun 19, 2018 12:36:10 GMT
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hazellend
Member of DD Central
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Post by hazellend on Jun 23, 2018 12:17:08 GMT
Huddle, will you be offering this loan again or is the relationship permanent off after this?
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Post by df on Jul 4, 2018 20:09:14 GMT
HC did me a favour. I was sure that I have no doubles on LC as they are very transparent in their loan titles, but the appearance of it on HC made me check my loan book... fortunately this was the only double investment I had on LC, I should be more vigilant when reading loan titles.
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