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Post by markaldrich on Jul 24, 2019 9:32:17 GMT
Yes very welcome
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orvilorvil
Member of DD Central
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Post by orvilorvil on Jul 24, 2019 9:32:32 GMT
Very reassuring position and interesting update generally regarding the case.
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hendragon
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Post by hendragon on Jul 24, 2019 9:36:49 GMT
A good reaction and good proposed solutions. Well done ashwinp. |
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Post by hoy on Jul 24, 2019 9:49:01 GMT
...a gentle reminder...
"Please be aware that there is a very strong possibility that this borrower has joined the Frank p2p forum and is trying to intimidate lenders. He may now also be lurking on this forum. Be careful what you post."
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star dust
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Post by star dust on Jul 24, 2019 9:49:43 GMT
Mod Hat On/
Ive just removed a post as I feel publicising UBs tactics in the midst of an on-going litigious case might not serve either Unbolted or their lenders well. General comments welcome details maybe not.
Mod Hat Off/
Yes very encouraging, informative and helpful email from Unbolted I thought.
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hendragon
Member of DD Central
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Post by hendragon on Jul 24, 2019 10:04:19 GMT
I understand your reasoning star dust, in my case I felt that a display of public approval (something I rarely seem to do these days), and support for Ub's intentions was appropriate. After all platforms take enough criticism. |
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agent69
Member of DD Central
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Post by agent69 on Jul 24, 2019 11:55:54 GMT
I understand your reasoning star dust , in my case I felt that a display of public approval (something I rarely seem to do these days), and support for Ub's intentions was appropriate. After all platforms take enough criticism. Reading the update, it does appear that the borrower is a complete <deleted>.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jul 24, 2019 12:28:34 GMT
Borrower has devious, dubious and mischievous form, hopefully Judgey will clearly see all that and Case Dismissed.
Unbolted's update is excellent.
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sd2
Member of DD Central
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Post by sd2 on Jul 24, 2019 13:12:06 GMT
Borrower has devious, dubious and mischievous form, hopefully Judgey will clearly see all that and Case Dismissed. Unbolted's update is excellent. When is the problem he is not going to give up easily. He strikes me as a total....fill in the space
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Post by investor1925 on Jul 24, 2019 16:05:32 GMT
Very clever strategy by UB. Ignoring the financials, what they propose will certainly pull one of the strings from his bow, giving him less to aim at. If they actually do this, they'll demonstrate how a P2P platform should work. Take note Liam. Love to say loads more, but resisting the temptation  |
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Post by nooneere on Jul 24, 2019 18:02:48 GMT
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. If they are considering the actions mooted in their update, it suggests they do not see themselves being bankrupted by this case. Agree with other posters that UB are showing how P2P should handle situations like this.
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Nomad
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Post by Nomad on Jul 24, 2019 19:08:43 GMT
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. If they are considering the actions mooted in their update, it suggests they do not see themselves being bankrupted by this case. Agree with other posters that UB are showing how P2P should handle situations like this. Further interesting and positive news in another email from UB today... I am increasing my investments with them.
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Post by nooneere on Jul 24, 2019 19:14:02 GMT
Further interesting and positive news in another email from UB today... I am increasing my investments with them. Agree with you on this too. This platform still has growth potential and I really hope they win against this borrower.
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p2ploser
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Post by p2ploser on Jul 24, 2019 19:45:39 GMT
Credit where credit’s due, very informative update. They are trying to do the right thing by investors and are keeping us up to date with timely quality updates. Great platform plus they know how to quickly dispose of assets when borrowers don’t pay, something some of their competitors struggle to do, fundingsecure.
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Post by df on Jul 24, 2019 19:59:56 GMT
If they are considering the actions mooted in their update, it suggests they do not see themselves being bankrupted by this case. Agree with other posters that UB are showing how P2P should handle situations like this. Further interesting and positive news in another email from UB today... I am increasing my investments with them. Very pleased with this move! (a) was something I always wanted. (b) wouldn't affect me, but good incentive for those with larger budget. I'm with UB since late 2016. Never been disappointed. Even when they lowered investors' rates, I took it as a positive development (sustainability of business is more important than a tiny drop in return%).
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