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Post by df on Jul 13, 2018 0:11:02 GMT
I was tapped up by Huddle this week with an email and also I have never signed up with them either. I think I read somewhere that several of the Collateral loans were being refinanced on Huddle so something is going on and I am not appreciative of it. Loan flow on Huddle is very slow. IIRC, there were 5 since the collapse of COL. One cancelled, one pub and now there are 3 new loans struggling to fill - only one of them is property bridging (6 months 12%), property is in Newcastle. I don't remember all Coll property loans, but but this one doesn't ring a bell.
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Post by df on Jul 13, 2018 0:21:14 GMT
I'm in HC, so receiving this e-mail didn't make me think that it has any connection with Col mailing list. I thought this unusual communication from Huddle was an attempt to fill the existing pipeline before they have to use ACF Ltd. Sounded very sweet and innocent - 3 loans available for experienced p2p lenders I have no connection whatsoever with Huddle. The only way thy could have got my details was through Col. Wherever they got mail list from, it is an aggressive marketing. Can see why - they need to fill up these 3 new loans and it is not going well.
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rxdav
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Post by rxdav on Jul 13, 2018 5:19:08 GMT
I have middling five figures locked up in The Collateral Quagmire, and have received nowt from Huddle. So far anyway. I'm feeling unloved and unwanted again. G'Day,
Fear not ozboy - I suspect it is but a matter of time before Huddle track you down. I also thought I was unloved (and was very glad of it too in this case) - but sure enough the unsolicited sleazemail arrived from Huddle - 'Are you interested in.....' - No, go fkuc yourself was my immediate generic response (maybe not pleasant I have to confess - but truthful).
It's likely your ?.com.au email address that is causing their systems to wobble??
Have a good one.
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dandy
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Post by dandy on Jul 13, 2018 8:38:40 GMT
I, too, have received the infamous email request. And I, too, have had nothing to do with Huddle before. Never ever done a request, or even a search for their name. So they definitely arrived to me trough a mailing list and I am extremly surprised the BDO administrators could slip such important data out! And definitely even if I was interested in some Collateral loans and could have refinanced them, I would NOT do it exacly for this lack of any judjment on their use of private data. On the other hand, I struggle to see why, with all the respected and well-funded platforms, the BDO allowed Collateral loans refinancing in such a small, unknown, unproved and certainly unlawful outfit (in their use of private data not legally obtained). I cannot understand what is going on. Maybe the C. brothers made some sort of informal agreement with this small outfit and are pushing the borrowers there? Why do you think it was BDO that slipped any data?(Could have been anyone connected to Col in any way.) Why do you think BDO has any control over a borrower refinancing their loan which can they do anywhere they want?
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SteveT
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Post by SteveT on Jul 13, 2018 8:58:41 GMT
From the number of former Collateral loans apparently seeking refinance all at Huddle, it looks to me very likely there is someone pushing them there. It is somebody with a very good knowledge of the loans and access to the Collateral customers data. The more I think about it and the more my feeling is that the culprit should be in the first category... Really? How many do you know of? All I've heard about is the one already listed on Huddle and the potential for 2 more. Given this borrower had 3 loans on COL, it seems more likely it's the borrower looking to refinance all 3 of his loans with Huddle.
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dandy
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Post by dandy on Jul 13, 2018 9:17:16 GMT
From the number of former Collateral loans apparently seeking refinance all at Huddle, it looks to me very likely there is someone pushing them there. It is somebody with a very good knowledge of the loans and access to the Collateral customers data. The more I think about it and the more my feeling is that the culprit should be in the first category... Really? How many do you know of? All I've heard about is the one already listed on Huddle and the potential for 2 more. Given this borrower had 3 loans on COL, it seems more likely it's the borrower looking to refinance all 3 of his loans with Huddle. Borrowers are entitled to know to whom they owe every penny (under FCA rules - for what that's worth!) although it would be a bit slack if Col disclosed lenders' personal details inc email address rather than just ID#. Seems to be most likely scenario
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dandy
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Post by dandy on Jul 13, 2018 9:33:20 GMT
Borrowers are entitled to know to whom they owe every penny (under FCA rules - for what that's worth!) although it would be a bit slack if Col disclosed lenders' personal details inc email address rather than just ID#. Seems to be most likely scenario Borrowers? Who was contacted by a borrower?The problem here was that a third party company (with which some of us never had any dealings) contacted some/most Collateral lenders asking them to consider their loans and platform, exactly at the same time when they started refinancing former Collateral loans. Now, see it as you wish, but I have no doubt that there was a personal data leak and will follow it throug the former channels.... I meant Borrower has 3 loans with Col. He (possibly) has details of all lenders in those loans. Borrower approaches Huddle to refinance and says here is a list of my lenders on Col which may help you get the funding on Huddle.
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IFISAcava
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Post by IFISAcava on Jul 13, 2018 9:56:28 GMT
Borrowers? Who was contacted by a borrower?The problem here was that a third party company (with which some of us never had any dealings) contacted some/most Collateral lenders asking them to consider their loans and platform, exactly at the same time when they started refinancing former Collateral loans. Now, see it as you wish, but I have no doubt that there was a personal data leak and will follow it throug the former channels.... I meant Borrower has 3 loans with Col. He (possibly) has details of all lenders in those loans. Borrower approaches Huddle to refinance and says here is a list of my lenders on Col which may help you get the funding on Huddle. and it could be argued that Col lenders could then be contacted under the "legitimate interest" part of GDPR. It could also be argued not to be in the legitimate interests of Col lenders to be contacted, but this assumption that a heinous illegality has been committed seems unwarranted to me at this stage. As as for the outpouring of rage that people seem to feel about receiving one out of the many thousands of marketing emails, well this does surprise me, although perhaps it is more of a displaced rage at our powerlessness in the whole Collateral situation.
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IFISAcava
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Post by IFISAcava on Jul 13, 2018 9:59:47 GMT
Why do you think it was BDO that slipped any data?(Could have been anyone connected to Col in any way.) Why do you think BDO has any control over a borrower refinancing their loan which can they do anywhere they want? The Collateral data could be accessed to: - the former collateral management (the C. brothers and company) - the former administrators (RR) - the current administrators (BDO). One of the parties is at fault and definitely did not respect the law.From the number of former Collateral loans apparently seeking refinance all at Huddle, it looks to me very likely there is someone pushing them there. It is somebody with a very good knowledge of the loans and access to the Collateral customers data. The more I think about it and the more my feeling is that the culprit should be in the first category... I'd be careful - alleging definite illegality when you don't know all the facts could be libellous.
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amphoria
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Post by amphoria on Jul 13, 2018 10:00:58 GMT
Borrowers? Who was contacted by a borrower?The problem here was that a third party company (with which some of us never had any dealings) contacted some/most Collateral lenders asking them to consider their loans and platform, exactly at the same time when they started refinancing former Collateral loans. Now, see it as you wish, but I have no doubt that there was a personal data leak and will follow it throug the former channels.... I meant Borrower has 3 loans with Col. He (possibly) has details of all lenders in those loans. Borrower approaches Huddle to refinance and says here is a list of my lenders on Col which may help you get the funding on Huddle. The only problem with this theory is that I am not, and have never been, invested in any of the 3 Newcastle loans, and yet Huddle have obtained by name and email address from somewhere.
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dandy
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Post by dandy on Jul 13, 2018 10:23:45 GMT
I meant Borrower has 3 loans with Col. He (possibly) has details of all lenders in those loans. Borrower approaches Huddle to refinance and says here is a list of my lenders on Col which may help you get the funding on Huddle. The only problem with this theory is that I am not, and have never been, invested in any of the 3 Newcastle loans, and yet Huddle have obtained by name and email address from somewhere. Valid point. Although I imagine there are probably other borrowers that have been 'steered' towards Huddle too but just their loans are yet to be uploaded
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dovap
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Post by dovap on Jul 13, 2018 10:28:53 GMT
I meant Borrower has 3 loans with Col. He (possibly) has details of all lenders in those loans. Borrower approaches Huddle to refinance and says here is a list of my lenders on Col which may help you get the funding on Huddle. The only problem with this theory is that I am not, and have never been, invested in any of the 3 Newcastle loans, and yet Huddle have obtained by name and email address from somewhere. yep likewise just deleted the huddle one - it's nice to have made it onto one of those sucker marketing lists at last
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mason
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Post by mason on Jul 13, 2018 11:27:36 GMT
I meant Borrower has 3 loans with Col. He (possibly) has details of all lenders in those loans. Borrower approaches Huddle to refinance and says here is a list of my lenders on Col which may help you get the funding on Huddle. and it could be argued that Col lenders could then be contacted under the "legitimate interest" part of GDPR. It could also be argued not to be in the legitimate interests of Col lenders to be contacted, but this assumption that a heinous illegality has been committed seems unwarranted to me at this stage. As as for the outpouring of rage that people seem to feel about receiving one out of the many thousands of marketing emails, well this does surprise me, although perhaps it is more of a displaced rage at our powerlessness in the whole Collateral situation. Huddle Capital has confirmed that the first batch of emails were sent by them. Therefore by law they must have obtained consent from any recipients with whom they do not have a pre-existing relationship. Third party marketing requires consent and this predates GDPR. GDPR places a further requirement that anyone on the mailing list be re-permissioned for any marketing that takes place after 25th May. However, I agree we cannot jump to conclusions that a law was definitely broken. In my opinion, all affected individuals should submit a Subject Access Request to ask for a copy of the data Huddle holds on them, how it was obtained, details of who they shared it with, whether they have obtained consent from the individual to process the data, and whether the individual has the right to object to the use of their data. By law, Huddle must respond within 1 calendar month. This will allow the affected individual to submit a formal complaint to Huddle, which can be escalated to the ICO should the response received be unsatisfactory. Unfortunately, as a result of Huddle's unwillingness to engage us collectively here, there is going to be a lot of duplication of effort responding to affected individuals individually. Something that might have been cleared up by a full and frank disclosure and apology is likely now to create a lot of office work for Huddle.
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james100
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Post by james100 on Jul 13, 2018 11:59:56 GMT
I have middling five figures locked up in The Collateral Quagmire, and have received nowt from Huddle. So far anyway. I'm feeling unloved and unwanted again. G'Day,
Fear not ozboy - I suspect it is but a matter of time before Huddle track you down. I also thought I was unloved (and was very glad of it too in this case) - but sure enough the unsolicited sleazemail arrived from Huddle - 'Are you interested in.....' - No, go fkuc yourself was my immediate generic response (maybe not pleasant I have to confess - but truthful).
It's likely your ?.com.au email address that is causing their systems to wobble??
Have a good one.
Ha...I've also got five figs in Collateral, received nothing from Huddle so far and pretty sure I used Aussie ID to sign up. I guess that's why they call it The Lucky Country But seriously, how ironic that all loan book data which would have been in our interests to preserve "disappears" yet the stuff that should be kept under wraps gets spread about. Reminds me of how the isec guy post (last yr) described elements of the Collateral website: careless and sloppy.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jul 13, 2018 12:34:41 GMT
Calm down Dear/s, it's only an email address. Not your Bank Account info or your Mistress'/ToyBoy's name & address. Email addresses will always be traded clandestinely whether you like it or not and you're never the wiser. Any sort of "Data Protection" BS by Government won't stop it either.
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