|
Post by Badly Drawn Stickman on Dec 19, 2019 14:33:08 GMT
problem is those of us not in these loans can't see what the proposals are! I suppose you could access the update through the still live 129 offer. Actually I know you can.
|
|
|
Post by ladywhitenap on Dec 19, 2019 15:14:29 GMT
problem is those of us not in these loans can't see what the proposals are! I suppose you could access the update through the still live 129 offer. Actually I know you can. Any logged in member can look at any loan via p2pindependentforum.com/thread/11434/ablrate-loan-book LW
|
|
IFISAcava
Member of DD Central
Posts: 3,664
Likes: 2,988
|
Post by IFISAcava on Dec 19, 2019 16:07:26 GMT
|
|
|
Post by oktaeder on Dec 19, 2019 16:13:07 GMT
It is now said clear and honest: one year of interests lost. Did not read that before. OK if the loans were repaid eventually I can live with this.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Dec 19, 2019 16:37:28 GMT
It is now said clear and honest: one year of interests lost. Did not read that before. OK if the loans were repaid eventually I can live with this. Can live with it? Lenders on 67&68 should be over the moon, imo. The cash borrowed was not used to the purpose stated, but sent elsewhere. The asset was destroyed in value. The business went into administration with unsecured creditors getting nothing. The guarantor was worth nothing. If this were an FS loan, lenders would probably been left with nothing and silence from the platform. Instead lenders get rescued by the platform, and others, through a bold scheme, hugely consuming of time and some cost, plus a recognition that procedures need to change. There is still risk in this for 129 lenders, though the spirit of the enterprise means that it has a good chance. But for 67 & 68 this project has only an upside, imo.
|
|
|
Post by ladywhitenap on Dec 30, 2019 13:47:41 GMT
Bar/restaurant is now up and running as J**K RU****LS
Well done to the developer team!
LW
|
|
KoR_Wraith
Member of DD Central
Posts: 293
Likes: 297
|
Post by KoR_Wraith on Dec 30, 2019 17:58:42 GMT
Bar/restaurant is now up and running as J**K RU****LS Well done to the developer team! LW A quick check of their Facebook reviews suggests the opening was a little premature.
|
|
|
Post by ladywhitenap on Dec 30, 2019 18:45:08 GMT
Bar/restaurant is now up and running as J**K RU****LS Well done to the developer team! LW A quick check of their Facebook reviews suggests the opening was a little premature. I'm a conscientous objector to Farcebook lol LW
|
|
iren
Member of DD Central
Posts: 302
Likes: 300
|
Post by iren on Jan 16, 2020 18:21:59 GMT
1000129 is now issued, with instant returns paid. I guess we now wait for revised documentation on 1000067 and 1000068.
|
|
hantsowl
Member of DD Central
Posts: 672
Likes: 546
|
Post by hantsowl on Jan 24, 2020 10:36:29 GMT
ablrate The December loan update in 129 states "We have changed the cash flows within the system and once loan #129 is drawn down we will make both #67 and #68 loans live on the secondary market". Loan 129 has been drawn down a while now. Any idea when 67 and 68 will become active again?
|
|
|
Post by ablrate on Jan 24, 2020 12:22:29 GMT
ablrate The December loan update in 129 states "We have changed the cash flows within the system and once loan #129 is drawn down we will make both #67 and #68 loans live on the secondary market". Loan 129 has been drawn down a while now. Any idea when 67 and 68 will become active again? Working on it now... The legals have to be complete.. everything is signed from our side, sowe expect t to be completed very soon
|
|
|
Post by westcountry on Feb 6, 2020 14:21:18 GMT
ablrate The December loan update in 129 states "We have changed the cash flows within the system and once loan #129 is drawn down we will make both #67 and #68 loans live on the secondary market". Loan 129 has been drawn down a while now. Any idea when 67 and 68 will become active again? Working on it now... The legals have to be complete.. everything is signed from our side, sowe expect t to be completed very soon ablrate, is there any update on when Loans 67 and 68 will be live on the secondary market, please?
|
|
|
Post by ablrate on Feb 6, 2020 15:05:47 GMT
All the legals have been agreed (there was a cross over to other lenders and platforms involved in the B***** N**** situation that have now been resolved). This has been required to keep all the loans in place and within S********* which will come out of administration. As soon as that is signed and done the loans will be back to be traded. By the way - if you haven't seen the video: (wait for Donncha O'Callaghan at the end) youtu.be/WELcBeIRFrk
|
|
|
Post by dan1 on Feb 6, 2020 20:15:26 GMT
Take a look at 2:25... looks suspiciously like our Munnings from the "Fine Art" loan on FS, don't ya think? Yeah, the one they tried to pawn on Unbolted too. It was never in FS' possession after all
|
|
k6
Posts: 160
Likes: 99
|
Post by k6 on Feb 9, 2020 19:35:15 GMT
Loan 129 - Maturity Date: 16/01/2029 ? with Remaining payments 36
Understand this needs correction
|
|