niceguy37
Member of DD Central
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Likes: 254
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Post by niceguy37 on Mar 17, 2015 9:09:42 GMT
Loan 101 W**t L**** C*** H*** Payment due yesterday. Has been chased and only person able to pay out of country until Thurs. 19th and loan parts can still be traded. Yes, there is supposed to be a re-finance taking place before the end of the month, but this is another example of the "weeks grace" facility that is extended to the borrower being used too casually IMHO. Presumably the borrower was not called away unexpectedly and is well aware of the due date. I know that interest will continue to accrue until it is paid but these delays cause unneccesary uncertainty, particularly given recent history of some other loans. I am sure this period of grace damages ACs credibility with lenders, especially when it is used other than at weekends and I personally will be glad to see a direct debit facility put in place. I have no problem with there being a day or two of grace if the sky falls in, as long as it isn't Chicken Licken calling the shots! I wonder if borrowers would care more if there was a higher default interest penalty. Perhaps there could be an allowance for the the first late payment, but then if default interest was enforced one would expect that someone in the borrowing company would notice and care. But I'll admit to having zero actual experience of this side of business.
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unmadem
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Post by unmadem on Mar 17, 2015 12:14:07 GMT
update on kent loan 84 on 16th. Though all the update says is that yet again there is no update as broker has ignore request.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
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Post by ilmoro on Mar 17, 2015 13:05:01 GMT
Update on
#137 Eppy, vote result
#146 Plums more from admins
#92 Liv Elec Q&A/Security
# 130 H****** Q&A
#132 Angle vote result
Some of these referenced elsewhere but included for completeness
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
Likes: 11,549
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Post by ilmoro on Mar 18, 2015 12:41:08 GMT
Update on
#74 Spandex Bridge - 2months ext at default rate to allow refinance, offer seen, interest to be paid monthly
#41 E*****y & Q&A -case/refinance
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
Likes: 11,549
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Post by ilmoro on Mar 18, 2015 14:30:42 GMT
Update on #74 Spandex Bridge - 2months ext at default rate to allow refinance, offer seen, interest to be paid monthly #41 E*****y & Q&A -case/refinance Cc L***** - update/document on asset values/sales added
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Post by pepperpot on Mar 18, 2015 14:56:31 GMT
Sterling job ilmoro  also update on #127 Falm**th - G59 finally received and uploaded this am |
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TFTO
Member of DD Central
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Post by TFTO on Mar 18, 2015 15:04:36 GMT
Sterling job ilmoro also update on #127 Falm**th - G59 finally received and uploaded this am Agreed, must have plenty of time to trawl though all these loans. But why has davidricketts1 stopped his updates?
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Mar 18, 2015 15:11:35 GMT
Funding Knight send an email notification and part copy of every update to every investor as a matter of course, with a link to the site where upon signing in, the full text of the update is displayed automatically without the lender needing to search it out.
I think it is time that AC developed an automated system for doing this every time an update is added to each loan. I'm fed up with having to log in every time someone mentions an update on this forum, especially as wiithin twenty minutes or so AC has logged me out again. This would save David having to add to this forum, and us the hassle of searching through each loan to find out if anything new has been posted.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
Likes: 11,549
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Post by ilmoro on Mar 18, 2015 16:08:37 GMT
Funding Knight send an email notification and part copy of every update to every investor as a matter of course, with a link to the site where upon signing in, the full text of the update is displayed automatically without the lender needing to search it out. I think it is time that AC developed an automated system for doing this every time an update is added to each loan. I'm fed up with having to log in every time someone mentions an update on this forum, especially as wiithin twenty minutes or so AC has logged me out again. This would save David having to add to this forum, and us the hassle of searching through each loan to find out if anything new has been posted. I believe Chris has a colleague (minion) working on this. Perhaps you could bribe him with a banana! to complete this faster. 
One of the (only) things I like about Funiclular Climbings is how they list all the recent updates in one place so its easy to quickly check them.
The problem with AC at the moment, apart from lack of notifications, is that important info is often conveyed through the Q&A but not replicated in the updates so you have to check both. Ideally, what you want is some sort of filterable news stream that covers both updates & q&a but no idea if that would be practical or maybe some form of dismissable indicator shown on the loan list if an update has been posted or Q has been answered. In effect, a version of these forums
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duck
Member of DD Central
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Post by duck on Mar 18, 2015 16:50:42 GMT
GTT2 #35 updated Recent Activity.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Mar 18, 2015 17:07:15 GMT
GTT2 #35 updated Recent Activity. Astonishing behaviour. Denying signing a PG!! I'm not in this one!
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Post by davidricketts1 on Mar 18, 2015 17:16:55 GMT
GTT2 #35 updated Recent Activity. Astonishing behaviour. Denying signing a PG!! I'm not in this one!
See the answer to the latest Q&A for a clarification of what they are saying.
I wish I could say that I hadn't seen it before but.....
Apologies for the lack of updates in this thread whilst I try to get the updates up to date.
It has become easier now there is another me helping me!!!
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Post by pepperpot on Mar 18, 2015 18:13:07 GMT
Astonishing behaviour. Denying signing a PG!! I'm not in this one!
See the answer to the latest Q&A for a clarification of what they are saying.
I wish I could say that I hadn't seen it before but.....
Apologies for the lack of updates in this thread whilst I try to get the updates up to date.
It has become easier now there is another me helping me!!!
You lucky ***, have you gained a minion?
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kermie
Member of DD Central
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Post by kermie on Mar 18, 2015 19:17:58 GMT
GTT2 #35 updated Recent Activity. Astonishing behaviour. Denying signing a PG!! I'm not in this one! Although I'm not in this loan, as a lender this will be interesting to see how it plays out in court - the update was quite an interesting read! On the plus side, a good outcome for AC will strengthen the perception of the PGs in general, and make shyster lenders borrowers think twice about simply signing any old bit of paper just to get a loan. EDIT: doh - borrowers, not lenders 
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oldgrumpy
Member of DD Central
Posts: 5,087
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Post by oldgrumpy on Mar 18, 2015 19:37:08 GMT
Although I'm not in this loan, as a lender this will be interesting to see how it plays out in court - the update was quite an interesting read! On the plus side, a good outcome for AC will strengthen the perception of the PGs in general, and make shyster lenders think twice about simply signing any old bit of paper just to get a loan.Hey, kermie .... I'm sure AC wouldn't let any of them on the platform!! 
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