IFISAcava
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Post by IFISAcava on Jul 3, 2019 11:22:32 GMT
And the particulars of claim is now available online for £16.50. That's likely more than most invested in total in the loans. certainly is for me. I've got 4 figures tied up in them!
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ganymede
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Post by ganymede on Jul 4, 2019 11:09:39 GMT
That's likely more than most invested in total in the loans. certainly is for me. I've got 4 figures tied up in them! Sorry to hear that, I've got 4-5 figures in loans on other platforms, just not here, here I stick mostly to single figure amounts.
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Post by nooneere on Jul 4, 2019 19:42:14 GMT
That's likely more than most invested in total in the loans. certainly is for me. I've got 4 figures tied up in them! These are 'Provision Trust' loans and UB holds the assets, so it is hard to see IFISAcava losing 4 figures (or myself losing my 2-figure sum!); but 'tied up' is true - this could drag on.
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Post by markaldrich on Jul 4, 2019 19:44:58 GMT
Anyone able to supply a copy of the particulars of claim?
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Post by nooneere on Jul 4, 2019 19:47:19 GMT
Anyone able to supply a copy of the particulars of claim? The fee involved would take up a third of my investment so I'm not forking out!
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Post by df on Jul 4, 2019 21:31:37 GMT
I've got 4 figures tied up in them! These are 'Provision Trust' loans and UB holds the assets, so it is hard to see IFISAcava losing 4 figures (or myself losing my 2-figure sum!); but 'tied up' is true - this could drag on. My involvement in this borrower's loans is about 4% of my UB funds. Considering PT I treat it as an extra cash drag, which is part of the game with UB anyway. I trust that UB is not in a position to collapse in foreseen future.
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benaj
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Post by benaj on Jul 4, 2019 21:33:38 GMT
I am not going to cash out from now on as I have an optimal amount invested in this platform now, £2k. My XIRR is above 5% without accrued interest.
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Post by Ace on Jul 4, 2019 22:14:04 GMT
I am not going to cash out from now on as I have an optimal amount invested in this platform now, £2k. My XIRR is above 5% without accrued interest. Is the balance excluding accrued interest available on the platform. I didn't notice it anywhere.
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IFISAcava
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Post by IFISAcava on Jul 4, 2019 22:21:45 GMT
I've got 4 figures tied up in them! These are 'Provision Trust' loans and UB holds the assets, so it is hard to see IFISAcava losing 4 figures (or myself losing my 2-figure sum!); but 'tied up' is true - this could drag on. unless a big court case loss and/or legal costs bankrupts the platform - UB isn't a big operation. I am not massively worried, but it is a risk to factor in IMHO.
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benaj
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Post by benaj on Jul 4, 2019 22:30:11 GMT
I am not going to cash out from now on as I have an optimal amount invested in this platform now, £2k. My XIRR is above 5% without accrued interest. Is the balance excluding accrued interest available on the platform. I didn't notice it anywhere. On the "My Portfolio screen": Cash + Balance = Total Value = Net Fund Transferred + Interest (Paid & Accrued) So, the balance must have included accrued interest.
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Post by Ace on Jul 4, 2019 23:03:21 GMT
Is the balance excluding accrued interest available on the platform. I didn't notice it anywhere. On the "My Portfolio screen": Cash + Balance = Total Value = Net Fund Transferred + Interest (Paid & Accrued) So, the balance must have included accrued interest. Thanks for replying, but I think we might be at cross purposes, unless I'm just being thick. You said you calculated your XIRR excluding accrued interest, so I was looking for where you got your figure for 'balance excluding accrued interest' from.
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benaj
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Post by benaj on Jul 5, 2019 5:11:10 GMT
On the "My Portfolio screen": Cash + Balance = Total Value = Net Fund Transferred + Interest (Paid & Accrued) So, the balance must have included accrued interest. Thanks for replying, but I think we might be at cross purposes, unless I'm just being thick. You said you calculated your XIRR excluding accrued interest, so I was looking for where you got your figure for 'balance excluding accrued interest' from. I calculate the interest paid using monthly figures in “tax statement “. Then calculate the accrued interest by finding the difference.
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Mousey
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Post by Mousey on Jul 5, 2019 18:17:23 GMT
Anyone able to supply a copy of the particulars of claim? The copy that was uploaded was only a draft version and has now been withdrawn. I'll keep half an eye open
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Post by markaldrich on Jul 5, 2019 18:46:35 GMT
It will only be a draft as the court hasn’t given permission for them to serve it. That hearing is September
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slush
Member of DD Central
Here to learn. Please be gentle.
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Post by slush on Jul 24, 2019 9:29:55 GMT
I agree, a very reassuring response.
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