SteveT
Member of DD Central
Posts: 6,875 
Likes: 7,924
|
Post by SteveT on Apr 13, 2016 8:04:56 GMT
Having recieved a mysterious email from ac towers reguarding the house of h****** i guess this is related to an upcoming loan but which one. Has any close associate of Sherlock Homes got a clue, ive tryed to work down the list but given up. 
I can help there.
£733k SME Retail Loan in the Pipeline Loans Section.
12% Lender Rate.
I can see from the Q&As that you're aware of HoH Ltd's existing FC loan, currently 43 days overdue for the March payment. But what about the various CCJs that were the reason for FC removing the loan's Risk Band many months ago and keeping it removed ever since?
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Apr 13, 2016 9:23:49 GMT
Looks like #152 may be in the process of repaying. Now showing 0% interest rate.
|
|
investibod
Member of DD Central
Posts: 288
Likes: 152
|
Post by investibod on Apr 13, 2016 10:50:24 GMT
Looks like #152 may be in the process of repaying. Now showing 0% interest rate. I am seeing 15% showing for #152.
|
|
|
|
Post by crabbyoldgit on Apr 13, 2016 11:29:57 GMT
35 showing 68% interest interesting
|
|
|
|
Post by mrclondon on Apr 13, 2016 11:38:50 GMT
35 showing 68% interest interesting That's what the contract the borrower signed says.
Whether its sensible to have punitive default interest in contracts is another matter altogether, and if it is whether that info should be disclosed to lenders at the outset of the loan.
There were probably very good reasons in this case why AC felt it appropriate, and the borrowers sleight of hand with the security suggests that AC were spot on.
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Apr 13, 2016 12:14:26 GMT
Looks like #152 may be in the process of repaying. Now showing 0% interest rate. I am seeing 15% showing for #152. Strange. So does mine now too. I wonder was was going on earlier then.
|
|
|
|
Post by crabbyoldgit on Apr 13, 2016 19:59:03 GMT
Wow so 68% is the correct rate ok i am not in this loan at all and i find it kind of difficult that 68% can in any practical conditions with a loan in trouble being recoverable however the longer i compare ac professionalism with other sites i am involved in the more i fell confident in them.I feel, and there have been it seems by some investers view questionable loans, but it is the little bits that delay drawdowns frustrating as they are which show a attention to detail not perfect but a vast order of difference to there competitors.Hence though a disappointing level of default a good level of full recovery.As a small invester growing diversity as i know a big default in a critical loan could in theory wipe out my gains over bank rates within reason i have some confidence in the more traditional security offered and a coldish view over valuations given.Just to say knowledge gained from this site is critical to my continued involvement in p to p and its been an enjoyable and instructive journey over the last 15 months thank you all.
Ps overall return so far 9.5 %, losses 0%, loans in trouble as today none , skilled err no, lucky yes,can it continue no,but that is what you on this site makes me understand.
|
|
|
|
Post by pepperpot on Apr 13, 2016 21:52:37 GMT
I am seeing 15% showing for #152. Strange. So does mine now too. I wonder was was going on earlier then. The due date was today and with no future schedule in place to calculate accruing interest, the display drops to zero. It's now been given a months extension to May, although no sign of todays interest... yet (it's commonly a couple of days late, going off past performance).
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Apr 18, 2016 12:28:10 GMT
Looks like #152 may be in the process of repaying. Expected last week, but still doesn't appear to have happened. The good news is that AC seem to have engaged The Doctor to help them out. From the most recent (14/Apr) activity update... 
|
|
agent69
Member of DD Central
Posts: 6,051
Likes: 4,440
|
Post by agent69 on Apr 18, 2016 17:40:25 GMT
126 has repaid, 112 now due to repay early next week
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Apr 25, 2016 2:43:53 GMT
A couple of odd transactions for a Sunday evening...
#45 posted an interest payment.
#223 posted a capital repayment of about £100k.
PS. There may have been others, but these are the only two I saw on my statement.
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
Post by jonah on Apr 25, 2016 5:22:26 GMT
204, 92, 163, 223 all payed something after 8pm yesterday.
|
|
am
Posts: 1,495
Likes: 601
|
Post by am on Apr 25, 2016 8:44:59 GMT
A couple of odd transactions for a Sunday evening... #45 posted an interest payment. #222 posted a capital repayment of about £100k. PS. There may have been others, but these are the only two I saw on my statement. On my statement #223 made a chunky capital repayment; #222 just paid interest. Also interest and amortisation payments from #204.
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Apr 25, 2016 9:49:59 GMT
A couple of odd transactions for a Sunday evening... #45 posted an interest payment. #22 23 posted a capital repayment of about £100k. On my statement #223 made a chunky capital repayment; #222 just paid interest. : Right you are. My typo. I've amended my posting. Thanks for spotting that.
|
|
|
|
Post by brummiefred on Apr 25, 2016 15:36:41 GMT
Good news on #8 with substantial payment resulting from sale of land in Coventry
|
|
