sd2
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Post by sd2 on Aug 17, 2019 10:25:17 GMT
I am not all that interested in those emails from UB. I am only interested in them winning the court case. If the t*ss*r wins it opens up the probability that others who have defaulted will jump on the bandwagon that will be the end of UB
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greatmarko
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Post by greatmarko on Aug 22, 2019 10:44:31 GMT
Email update received from Unbolted this morning at 11:06... pretty disappointing news
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agent69
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Post by agent69 on Aug 22, 2019 11:06:42 GMT
As with all things legal, time is not of the essence.
I know the borrower has alledged technical breaches of contract by UB, but I never understood what he wanted by way of a remedy. Does anyone know what he is asking for?
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star dust
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Post by star dust on Aug 22, 2019 14:06:25 GMT
Email update received from Unbolted this morning at 11:06... pretty disappointing news Yes certainly disappointing, I wonder if this was down to the ever helpful FCA who you would think would wish to assist. I don't have any knowledge, but even if it is too late or unnecessary at the end of the day, I hope that Unbolted continue to pursue that route in any event as the law can move very slowly, and you never know if it might be needed in the future so maybe a precedent could be useful.
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greatmarko
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Post by greatmarko on Aug 22, 2019 14:54:43 GMT
Email update received from Unbolted this morning at 11:06... pretty disappointing news Yes certainly disappointing, I wonder if this was down to the ever helpful FCA who you would think would wish to assist. I don't have any knowledge, but even if it is too late or unnecessary at the end of the day, I hope that Unbolted continue to pursue that route in any event as the law can move very slowly, and you never know if it might be needed in the future so maybe a precedent could be useful. I asked Unbolted this question following today's update. I've posted their answer over in DD central.
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Post by markaldrich on Aug 22, 2019 15:16:46 GMT
Yes certainly disappointing, I wonder if this was down to the ever helpful FCA who you would think would wish to assist. I don't have any knowledge, but even if it is too late or unnecessary at the end of the day, I hope that Unbolted continue to pursue that route in any event as the law can move very slowly, and you never know if it might be needed in the future so maybe a precedent could be useful. I asked Unbolted this question following today's update. I've posted their answer over in DD central. Can u repost here as don’t have access to DD central whatever that is
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gareot
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Post by gareot on Aug 22, 2019 15:38:50 GMT
I asked Unbolted this question following today's update. I've posted their answer over in DD central. Can u repost here as don’t have access to DD central whatever that is Info can't be posted here. You need to go to the Home Page and follow instructions on how to join DD central ( access to restricted boards )
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Aug 22, 2019 17:33:27 GMT
As I understand it agent69, the Borrower has form in stringing out legal proceedings so that they become very costly to fight. His strategy is to get the Lender to balk at the escalating, protracted legal costs and therefore be amenable to negotiating the amount owed downward somewhat, almost certainly to include waiving interest due to date for a starter. Nice piece of work this Borrower. |
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Kyrios
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Post by Kyrios on Aug 23, 2019 9:12:33 GMT
As I understand it agent69 , the Borrower has form in stringing out legal proceedings so that they become very costly to fight. His strategy is to get the Lender to balk at the escalating, protracted legal costs and therefore be amenable to negotiating the amount owed downward somewhat, almost certainly to include waiving interest due to date for a starter. Nice piece of work this Borrower. Which should lead platforms to rethink who they lend to and maybe bar that kind of people...
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hendragon
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Post by hendragon on Aug 23, 2019 10:14:04 GMT
It also questions the wisdom of multiple loans to the same borrower.
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Mousey
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Post by Mousey on Aug 23, 2019 11:41:35 GMT
So I've got the next hearing as being on Fri Sept 6th. Throwing it out there that I can't attend so if anyone fancies it and needs some details of how to go let me know.
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upland
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Post by upland on Aug 23, 2019 14:20:05 GMT
It also questions the wisdom of multiple loans to the same borrower. Imagine how pleased I was to find that I had over a dozen of them. Its difficult to control that sort of thing with this website on auto.
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Post by pauliee on Aug 24, 2019 19:10:53 GMT
Surely there is only one way forward.
Unbolted provides a solicitor to represent all involved investors.
This gives a consolidated response to the litigator and reduces risk for all involved.
This brings control back to the platform, negates cost for individual lenders and manages the entire situation.
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marka
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Post by marka on Aug 25, 2019 7:58:15 GMT
It seems to me he is either very brave or very stupid to deliberately set out to piss off hundreds of people who he owes money to, none of whom he knows anything about. By the law of averages there's got to be one or two people amongst the lenders who might decide to extract their pound of flesh in a more basic way.
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sd2
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Post by sd2 on Aug 25, 2019 8:52:08 GMT
It seems to me he is either very brave or very stupid to deliberately set out to piss off hundreds of people who he owes money to, none of whom he knows anything about. By the law of averages there's got to be one or two people amongst the lenders who might decide to extract their pound of flesh in a more basic way. Neither more a bully and conman hiding behind his job.
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