arby
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Post by arby on Nov 28, 2018 10:53:02 GMT
I wonder what will be the next stage - increase rate to 13%? Everything else is already there (bonuses for BH's and CB). It will be a miracle if this tranche fills, "collections" are not popular any more. It's impressive that someone dipped a 25k toe in this loan - good luck to them. Don’t talk this one down. I need this to renew to get my money out! There have been a few more chunky investments into this one so it looks like you and me will both be getting our return (relatively) shortly!
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rogerthat
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Post by rogerthat on Nov 28, 2018 11:27:58 GMT
Don’t talk this one down. I need this to renew to get my money out! There have been a few more chunky investments into this one so it looks like you and me will both be getting our return (relatively) shortly!
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rogerthat
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Post by rogerthat on Nov 28, 2018 19:07:53 GMT
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p2ploser
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Post by p2ploser on Nov 28, 2018 20:37:11 GMT
Happy days. How would have thought that 2 weeks ago.
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benaj
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Post by benaj on Nov 29, 2018 14:14:11 GMT
French clocks Renewed after 246 days. And someone invested 25k in the renewal??? Confident perhaps?
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Post by beepbeepimajeep on Jan 16, 2019 21:17:23 GMT
1013434811 supposed to end last Sept Last November we were told borrower was selling "multiple" property projects and we would be repaid from that. Now we are told So what happened to the multiple properties being sold last year? fundingsecure just default this loan and sell the assets, not more bs for years on end.
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trium
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Post by trium on Oct 18, 2019 12:38:44 GMT
Another pathetic partial payment today - just over 1% of the original capital leaving 63.24% outstanding after goodness knows how many piecemeal repayments. They're going to run out of letters to append to the loan ID. Apart from anything else all this loan-splitting completely messes up my spreadsheets.
It's rather tolerant of FS to allow a pawn loan to overrun by 13 months without repayment or renewal and I can't see why they don't just default this loan.
I also wonder on what basis these various partial releases of security are valued and what effect that is having on the residual value of the collection.
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Post by padney on Oct 19, 2019 15:43:41 GMT
RE: the residual LTV:
Yeah I was wondering that myself. Looking at the assets page, they do seem to be keeping up with what is being sold, and what the remaining value of the securities are. I just hope they are keeping on top of it properly, and they dont run out of assets to cover the growing interest due...
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Post by mrclondon on Nov 13, 2019 12:29:47 GMT
All loans now defaulted on the website. Final ids are Note: when the Oct 2019 partial repayment was processed on loan 1449160788, the master loan was closed with the partial repayment, and the residual balance retained as loan 1449160788F
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morris
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Post by morris on Sept 21, 2020 14:58:14 GMT
Part payment today.
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Post by overthehill on Sept 21, 2020 16:42:35 GMT
I had assumed some of these would be complete by now but I guess not as I didn't realise they were all the same borrower - again. I'm only in Military Collection which I expected to return the capital at least, it is inching towards it, of course C&G can't be arsed giving you a proper update of what items and value is left.
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Post by beepbeepimajeep on May 25, 2023 9:04:35 GMT
Approaching 4 years after it was "completed", 1013434811L had a negative correction applied to it yesterday. What a joke.
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Post by overthehill on May 25, 2023 9:38:43 GMT
I had assumed some of these would be complete by now but I guess not as I didn't realise they were all the same borrower - again. I'm only in Military Collection which I expected to return the capital at least, it is inching towards it, of course C&G can't be arsed giving you a proper update of what items and value is left.
"29/07/2022 - The borrower has been allowed until the end of July to made the balance of the payments due."
No update since july 2022 with 1449160788 (except the recent negative adjustment). This is what happens when you don't qualify the month with a year ! I'm still owed £100 and C&G still can't be arsed to provide updates one way or other, the other being the borrower gets to keep his assets or has disposed of them and can't repay the loan.
Does anyone else think this must be C&G's first ever administration ?
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