nw99
Posts: 340 
Likes: 114
|
Post by nw99 on Jul 16, 2020 14:26:50 GMT
Excellent
|
|
criston
Member of DD Central
Posts: 1,204
Likes: 628
|
Post by criston on Jul 16, 2020 14:36:15 GMT
Ablrate update today. 'We have not received payment. We have contacted the borrower about today's payment and have been told that it will be made later today'No mention of previous missed payments, so this must mean today's payment brings everything up to date. We are anticipating receiving the monthly payment. We are not anticipating the loans been brought up to date until the confirmation of the funding they are arranging comes through. My comment was sarcastic. Your reply is what should have been in the update. Why is it necessary for us to draw out the correct position ?
|
|
|
|
Post by ablrate on Jul 16, 2020 16:45:01 GMT
Ablrate update today. 'We have not received payment. We have contacted the borrower about today's payment and have been told that it will be made later today'No mention of previous missed payments, so this must mean today's payment brings everything up to date. We are anticipating receiving the monthly payment. We are not anticipating the loans been brought up to date until the confirmation of the funding they are arranging comes through. Toady's payment made and allocated to 16/04/20
|
|
|
|
Post by ablrate on Jul 16, 2020 16:47:53 GMT
We are anticipating receiving the monthly payment. We are not anticipating the loans been brought up to date until the confirmation of the funding they are arranging comes through. My comment was sarcastic. Your reply is what should have been in the update. Why is it necessary for us to draw out the correct position ? I had assumed that a simple sentence would suffice on today's payment. If we were about to received the balance due it would have been said.
|
|
criston
Member of DD Central
Posts: 1,204
Likes: 628
|
Post by criston on Jul 16, 2020 16:51:57 GMT
My comment was sarcastic. Your reply is what should have been in the update. Why is it necessary for us to draw out the correct position ? I had assumed that a simple sentence would suffice on today's payment. If we were about to received the balance due it would have been said. Well, your top man's video gave us some hope, some time back, without any further information since. Obviously you are comfortable as you know what is going on, but lenders need to be kept informed.
|
|
|
|
Post by p2pdemon on Jul 17, 2020 6:13:05 GMT
I had assumed that a simple sentence would suffice on today's payment. If we were about to received the balance due it would have been said. Well, your top man's video gave us some hope, some time back, without any further information since. Obviously you are comfortable as you know what is going on, but lenders need to be kept informed. Now, now. As we've been told before, don't expect a 'running commentary'. 
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Jul 17, 2020 8:18:59 GMT
Well, your top man's video gave us some hope, some time back, without any further information since. Obviously you are comfortable as you know what is going on, but lenders need to be kept informed. Now, now. As we've been told before, don't expect a 'running commentary'. Except on positive or optimistic things, of course.
|
|
7d7
Member of DD Central
Posts: 134
Likes: 205
|
Post by 7d7 on Jul 17, 2020 9:14:37 GMT
I had assumed that a simple sentence would suffice on today's payment. If we were about to received the balance due it would have been said. Well, your top man's video gave us some hope, some time back, without any further information since. Obviously you are comfortable as you know what is going on, but lenders need to be kept informed. Well said! In general, this is one of the issues ABL has not addressed. Communication tends to be reactive rather than proactive. I would prefer if they answer questions before they are asked, provide timely follow up updates before they are requested. The consequences of not doing so leaves lenders venturing accurate or inaccurate guesses about the state of non-performing loans in particular. While I am unable to fathom their communication strategy, they can build a stronger brand connection if they decide to change course.
|
|
jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,808
Likes: 3,242
Member is Online
|
Post by jonno on Jul 17, 2020 9:20:25 GMT
We are anticipating receiving the monthly payment. We are not anticipating the loans been brought up to date until the confirmation of the funding they are arranging comes through. Toady's payment made and allocated to 16/04/20 Oooooh good!!!! When is Ratty going to pay up then?  
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Aug 4, 2020 16:19:19 GMT
'We are to schedule a meeting upon receipt of the funds in order to discuss an in depth update for lenders, including repayment schedule and forward plans'
Too many schedules in this, and the second one is very unwelcome. What sort of successful listing and fundraising leaves the co. unable to remove the key interest-only loans from a serious in-default position?
|
|
|
|
Post by Badly Drawn Stickman on Aug 4, 2020 17:35:18 GMT
'We are to schedule a meeting upon receipt of the funds in order to discuss an in depth update for lenders, including repayment schedule and forward plans'
Too many schedules in this, and the second one is very unwelcome. What sort of successful listing and fundraising leaves the co. unable to remove the key interest-only loans from a serious in-default position?
Well it has just paid some month or other followed by 2 more schedules, the man is plainly mocking you. Edit, Does he not know that is my job?
|
|
nw99
Posts: 340
Likes: 114
|
Post by nw99 on Aug 4, 2020 18:35:00 GMT
124 all good
|
|
criston
Member of DD Central
Posts: 1,204
Likes: 628
|
Post by criston on Aug 4, 2020 18:46:54 GMT
Well it has just paid some month or other followed by 2 more schedules, the man is plainly mocking you. Edit, Does he not know that is my job? Not at all. Clearly he noticed that the admin note sent by someone at 16:48 was really not good enough and gave the borrower a good talking to - whereupon they thought more about planning to miss today's payment till 7th and then having a nice chat sometime about a schedule for getting back up to date when convenient etc. A much better note sent at 18:32. There's a lot going on. This borrower pays those who shout loudest, imo.
I thought I was mocking you - and all the time ...
I am not getting messages on 120. Are you referring to 124, which I don't hold & cannot access.
|
|
des
Posts: 119
Likes: 78
|
Post by des on Aug 4, 2020 18:58:26 GMT
Not at all. Clearly he noticed that the admin note sent by someone at 16:48 was really not good enough and gave the borrower a good talking to - whereupon they thought more about planning to miss today's payment till 7th and then having a nice chat sometime about a schedule for getting back up to date when convenient etc. A much better note sent at 18:32. There's a lot going on. This borrower pays those who shout loudest, imo.
I thought I was mocking you - and all the time ...
I am not getting messages on 120. Are you referring to 124, which I don't hold & cannot access. You can access if you go to the list of loans post on this forum, and click on it. (And yes the admin notes were for 124)
|
|
criston
Member of DD Central
Posts: 1,204
Likes: 628
|
Post by criston on Aug 4, 2020 19:19:29 GMT
I am not getting messages on 120. Are you referring to 124, which I don't hold & cannot access. You can access if you go to the list of loans post on this forum, and click on it. (And yes the admin notes were for 124) Thanks. This is not the first time Ablrate update a loan, but do not feel it is necessary or relevant to update the same companies associated loan.
|
|
