I'm not sure that Ablrate should have a collections process that mixes finance with romance. However, if each borrower was required to provide a favourite daughter as security, to be held at Ablrate Towers for the term, then that could be beneficial. Or, in the spirit of the age, a favourite son if preferred.
Well, at this point it is starting to feel that these guys are just chancers and took a big risk trying to roll up all these engineering businesses. This may go well but can also crash to the ground (Erinaceous Group plc comes to mind). The issue is that they are taking us for a ride as if we were equity partners, which we are not. A full repayment needs to be politely demanded sooner than later given that they have been in default for a long time by now.
By not making this months payment, loan 120 is now four payments behind and after their March installment, the baloon payment is due. Loan 124 is also behind, two payments outstanding with only four months before that baloon payment is due.
I'm an equity investor in AxiaFunder and a minor equity investor in Welendus(FO), Brickowner, Crowdstacker, Proplend, ABLrate, CrowdProperty, Assetz Capital, Elfin Market, Qardus & Loanpad. This time next year I'll be a miwionaire Rodders!