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Post by thecleaner on Jun 25, 2018 17:57:25 GMT
I thought it was the end of the month and no one appears to have any Feb interest I'm pretty certain I was paid interest mid month if a loan renewed or repaid mid month .... yup just checked my downloaded transactions and when a loan renewed or repaid the interest was paid at that time...... Edit - I have interest paid on various dates in Feb up to 16th but nothing afterwards (but I think 16th was the last date I did a download of transactions) - the 3 loans due to repay/renew after 16th don't appear in the data sent by BDO I am pretty certain you are correct on this. I never kept cash on the platform but remember many times logging on and finding a couple of quid as cash. On checking it was indeed interest payments from paid up loans
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travolta
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Post by travolta on Jun 25, 2018 18:13:22 GMT
Thanks for the addresses. I thought it might be the office in Brum.
No ,I'm not standing for the Creditors Committee as have brain of a flea.
Why else would I subscribe to Collateral?
No, I just like giving money to the Post Office .Some one has to. Cute pillar boxes etc.
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travolta
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Post by travolta on Jun 25, 2018 18:13:58 GMT
oh and mine's correct .
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radar
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Post by radar on Jun 25, 2018 19:02:41 GMT
Mine has just arrived (5.57pm) and exactly matches the figures I had on 16th Feb (my last update) - which means the three loans that I hold/held which were due to renew/repay between 16th and 28th don't appear to have done so (normally interest was paid on renewal and not left until the end of the month if I remember correctly) - COLBB00588 & COLBB00589 (23/2/18) and COLBB00595 (24/2/18). COLBB00588 & COLBB00589 were due for renewal 3/3/2018
COLBB00595 was awaiting confirmation
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neeps
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Post by neeps on Jun 25, 2018 19:19:00 GMT
Mine arrived about 5.15pm. £0.88 higher than my spreadsheet so all good.
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kermie
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Post by kermie on Jun 25, 2018 19:39:24 GMT
Arrived this afternoon. All correct to the pence: the amount includes cash held, excludes any interest due (cough, I can dream....can't I?).
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dawn
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Post by dawn on Jun 25, 2018 20:12:05 GMT
Mine has just arrived (5.57pm) and exactly matches the figures I had on 16th Feb (my last update) - which means the three loans that I hold/held which were due to renew/repay between 16th and 28th don't appear to have done so (normally interest was paid on renewal and not left until the end of the month if I remember correctly) - COLBB00588 & COLBB00589 (23/2/18) and COLBB00595 (24/2/18). COLBB00588 & COLBB00589 were due for renewal 3/3/2018
COLBB00595 was awaiting confirmation
On my spreadsheet they were due on 23rd and 24th respectively? Edit - loan start dates were 23rd and 24th of August 2017 respectively therefore end dates should have been 23rd and 24th Feb respectively.
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radar
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Post by radar on Jun 25, 2018 20:25:30 GMT
I took this from collateraluk page2 23/FEB
Feb 23, 2018 at 10:00am
Quote
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Post by Collateral Rep on Feb 23, 2018 at 10:00am
Morning,
The following loans are set to redeem or renew/extend from the 26th of February to the 4th of March.
28/02/2018 BB00596 - Renewal
28/02/2018 BB00597 - Renewal
01/03/2018 DL00008 - Redeeming (by way of refinance)
01/03/2018 DL00009 - Redeeming (by way of refinance)
01/03/2018 DL00010 - Redeeming (by way of refinance)
01/03/2018 PL00006 - Renewal
02/03/2018 DL00016 - Redeeming (by way of refinance)
03/03/2018 BB00598 - Renewal
03/03/2018 BB00599 - Renewal
03/03/2018 BB00600 - Renewal
Loans that are to be renewed will be listed from 9am with all redemptions for that day before 9am.
Note that this is the current indication from the borrowers but is of course subject to change.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jun 25, 2018 20:47:33 GMT
This would appear to be the relevant post. Note that while the other loans listed as renewing have been crossed through as that having occurred, the three that have been referred to havent suggesting that nothing had happened by the point of platform shutfown/comms ceasing. dawn this would suggest your statement is correct. Also loans that redeemed didnt have interest paid until standard repayment date on 1st IIRC, only renewals had interest credited on the repayment date (or was it the other way round)
Afternoon,
The following loans are set to redeem or renew/extend from the 19th of February to the 25th of February.
21/02/2018 BL00018 - Sale expected to complete this month
21/02/2018 BL00047 - Sale expected to complete this month
22/02/2018 BB00586 - Renewal
22/02/2018 BB00587 - Renewal
23/02/2018 BB00588 - Awaiting confirmation
23/02/2018 BB00589 - Redeeming
24/02/2018 BB00590 - Renewal
24/02/2018 BB00591 - Renewal
24/02/2018 BB00592 - Renewal
24/02/2018 BB00593 - Renewal
24/02/2018 BB00594 - Renewal
24/02/2018 BB00595 - Awaiting confirmation
Loans that are to be renewed will be listed from 9am with all redemptions for that day before 9am.
Note that this is the current indication from the borrowers but is of course subject to change.
Please remember if you wish to keep your investment in any of the none property loans which are to be renewed, make sure you have ticked Renew Investment in "My Loans".
Many thanks,
Collateral Team
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dawn
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Post by dawn on Jun 25, 2018 21:01:45 GMT
This would appear to be the relevant post. Note that while the other loans listed as renewing have been crossed through as that having occurred, the three that have been referred to havent suggesting that nothing had happened by the point of platform shutfown/comms ceasing. dawn this would suggest your statement is correct. Also loans that redeemed didnt have interest paid until standard repayment date on 1st IIRC, only renewals had interest credited on the repayment date (or was it the other way round)
Afternoon,
The following loans are set to redeem or renew/extend from the 19th of February to the 25th of February.
21/02/2018 BL00018 - Sale expected to complete this month
21/02/2018 BL00047 - Sale expected to complete this month
22/02/2018 BB00586 - Renewal
22/02/2018 BB00587 - Renewal
23/02/2018 BB00588 - Awaiting confirmation
23/02/2018 BB00589 - Redeeming
24/02/2018 BB00590 - Renewal
24/02/2018 BB00591 - Renewal
24/02/2018 BB00592 - Renewal
24/02/2018 BB00593 - Renewal
24/02/2018 BB00594 - Renewal
24/02/2018 BB00595 - Awaiting confirmation
Loans that are to be renewed will be listed from 9am with all redemptions for that day before 9am.
Note that this is the current indication from the borrowers but is of course subject to change.
Please remember if you wish to keep your investment in any of the none property loans which are to be renewed, make sure you have ticked Renew Investment in "My Loans".
Many thanks,
Collateral Team
- thank you for that. Regarding interest payments my transactions report shows many examples of both loans renewing and loans repaying having interest paid on the same date as the capital repayment. Renewing loans are then followed by a Loan Part Fund for the new loan.
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Post by steve11 on Jun 25, 2018 22:02:48 GMT
The fact that each email is being sent individually leads me to believe that the figures are being individually checked and signed off by a senior person. This is the first time they are sending us crucial individual information and they simply cannot afford to get this wrong.
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GeorgeT
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Post by GeorgeT on Jun 25, 2018 22:06:03 GMT
SnipI expect 100% of my money back and if anything criminal was done also somebody serving sentence in jail. Snip Hmmm. There was a global banking/financial crash 10 years ago which wreaked havoc and it's been established (I think) that some bankers committed acts like rate rigging and false accounting and to best of my knowledge no bankers have gone to jail. So I think your expectation in relation to a relatively tin pot P2P platform may be over optimistic, although I share your sentiment.
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copacetic
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Post by copacetic on Jun 25, 2018 22:15:34 GMT
Second I was not aware of any "sailing close to the wind". I joined Collateral only later on and definitely was not aware of dubious initial loans or anything you state now. Also the risk part of the platform did not seem to me any different to any other around, specially with lots of bling/cars loans around. So Collateral loan did not appear any higher risk than FC, FS, Lendy etc. I expect 100% of my money back and if anything criminal was done also somebody serving sentence in jail. Caveat emptor. You seem to be labouring under the delusion that because you weren't specifically told about some past dubious deeds associated with the directors (or didn't research to find them) that that somehow entitles you to be protected from all investment losses. Welcome to the real world. When you invest at least part of it is rolling the dice and sometimes they come up snake eyes. Personally I'm happy that we live in a legal system that has processes in place that will likely recover some of our cash, even though we might justifiably complain that it's a bit slow, clunky and inefficient at times.
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rxdav
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Post by rxdav on Jun 26, 2018 7:28:15 GMT
Can somebody please give a definitive response one way or the other - do we need to sign and return these PoD forms to BDO or not (there seems a bit of ambiguity in this regard)?
Thanks.
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SteveT
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Post by SteveT on Jun 26, 2018 7:34:23 GMT
Can somebody please give a definitive response one way or the other - do we need to sign and return these PoD forms to BDO or not (these seems a bit of ambiguity in this regard)?
Thanks. Not
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