Mikeme
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Post by Mikeme on Mar 25, 2020 12:44:17 GMT
Some agree some don't agree with AC actions. I agree!! However at this point of time they have made their decisions and whatever threats are made at this time there are no courts open to decide.
As I've written before we lenders here are lucky!!
Complain as much as we like, soon borrowers whose businesses are or soon will be shut down will not be able to pay anything. Hopefully they will look after their staff first so that when normality return they have staff to commence work again.
We need AC to survive.
Is it time to stop complaining?
I will say it publicly here THANK YOU AC STAFF FOR YOUR EFFORTS to look after all investors.
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agent69
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Post by agent69 on Mar 25, 2020 13:24:26 GMT
Some agree some don't agree with AC actions. I agree!! However at this point of time they have made their decisions and whatever threats are made at this time there are no courts open to decide. As I've written before we lenders here are lucky!! Complain as much as we like, soon borrowers whose businesses are or soon will be shut down will not be able to pay anything. Hopefully they will look after their staff first so that when normality return they have staff to commence work again. We need AC to survive. Is it time to stop complaining?I will say it publicly here THANK YOU AC STAFF FOR YOUR EFFORTS to look after all investors. Not if you have a legimate complaint.
My money is in the QAA, where I accepted a lower interest rate in return for a seat near the door (in the event that an emergency exit was necessary). I now find that my seat has been moved and aligned with lots of other people's seats who were getting higher interest rates than me, and who's withdrawl request should have been actioned well after mine. Why it isn't first come first served is a mystery. If I was a big investor and found out I was only receiving the same repayments as small investors I would be spitting feathers.
The access accounts work on the basis of potentially short term deposits being used to fund long term loans. As Northern Rock found out that isn't a good business model when the sticky brown stuff starts to hit the fan.
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Mikeme
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Posts: 428
Likes: 331
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Post by Mikeme on Mar 25, 2020 13:52:40 GMT
Some agree some don't agree with AC actions. I agree!! However at this point of time they have made their decisions and whatever threats are made at this time there are no courts open to decide. As I've written before we lenders here are lucky!! Complain as much as we like, soon borrowers whose businesses are or soon will be shut down will not be able to pay anything. Hopefully they will look after their staff first so that when normality return they have staff to commence work again. We need AC to survive. Is it time to stop complaining?I will say it publicly here THANK YOU AC STAFF FOR YOUR EFFORTS to look after all investors. Not if you have a legimate complaint.
My money is in the QAA, where I accepted a lower interest rate in return for a seat near the door (in the event that an emergency exit was necessary). I now find that my seat has been moved and aligned with lots of other people's seats who were getting higher interest rates than me, and who's withdrawl request should have been actioned well after mine. Why it isn't first come first served is a mystery. If I was a big investor and found out I was only receiving the same repayments as small investors I would be spitting feathers.
The access accounts work on the basis of potentially short term deposits being used to fund long term loans. As Northern Rock found out that isn't a good business model when the sticky brown stuff starts to hit the fan.
Diddums As I've written before we lenders here are lucky!!
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Post by davee39 on Mar 25, 2020 15:00:39 GMT
Too much garbage from the ill informed.
How about reciting the following during your 20 second hand wash , and allowing the forum to return to sensible discussion.
Wahh Wahh Wahh
I'm feeling very sad
Assets stole my money
And now I'm getting mad
I think I'll throw a hissy fit
To show how mad I am
At seeing all my hard earned cash
Slide slowly down the pan
I never read the T's and C's
They are not for folks like me
Instead I'll sulk, and moan and groan
It's how I like to be.
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Mousey
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Post by Mousey on Mar 25, 2020 15:13:21 GMT
I never read the T's and C's I'm not entirely sure how constructive these kinds of threads can be but I can assure you I did read the T+C's - It's a shame Assetz have materially changed them to my disadvantage since I agreed to them.
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Post by Harland Kearney on Mar 25, 2020 15:20:15 GMT
Yes, at a certain point most investors will just stop reading this board if it continues.  everyone can speak as they want, but I think we don't need the same post qouting everybody 24/7 about the *pool*. Honestly I'd think investors would be talking more about target rates, loan tranches & upcoming loan potentials (or lack of for next few weeks, for the whole country) Not blabbering on about the payouts. Shouldn't of been invested in arguably fairly illiquid asset type to begin with if you were so scared of having to hold onto loans for a longer period of time than a few weeks in stress conditions. |
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cb25
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Post by cb25 on Mar 25, 2020 15:22:48 GMT
To those who believe they have a genuine grievance, how about -make a formal complaint to AC -when that's exhausted, if the answer isn't to your satisfaction, make a formal complaint to the regulator -and/or start legal action against AC (nearly always a very costly and very risky move even if you're in the right)
Then come back and tell us the results, but in the meantime let's cool it on this (and other) threads?
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Mikeme
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Post by Mikeme on Mar 25, 2020 15:28:24 GMT
Yes, at a certain point most investors will just stop reading this board if it continues. everyone can speak as they want, but I think we don't need the same post qouting everybody 24/7 about the *pool*. Honestly I'd think investors would be talking more about target rates, loan tranches & upcoming loan potentials (or lack of for next few weeks, for the whole country) Not blabbering on about the payouts. Shouldn't of been invested in arguably fairly illiquid asset type to begin with if you were so scared of having to hold onto loans for a longer period of time than a few weeks in stress conditions. Today we've had a number of votes for delaying repayment and explaining they can't pay the interest. Just the start. Mortgage lenders have said today that they aren't lending more and a government minister saying don't move house at this time. Complaining don't alter facts. AC made a decision. Live with it. Talk about what might be done in the future is good. Don't send honest borrowers to the receivers.
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Post by Harland Kearney on Mar 25, 2020 15:54:05 GMT
It is what it is, medium-long term investments. Just like my equity portiflio I'm looking at 12-18 months for a full recovery.
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dovap
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Post by dovap on Mar 25, 2020 16:44:49 GMT
I guess the OP didn't want any answers diagreeing with the happy clapper camp -
some terribly precious folk about tbh
ACAG being warmed up yet ?
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Mikeme
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Post by Mikeme on Mar 25, 2020 17:05:14 GMT
I guess the OP didn't want any answers diagreeing with the happy clapper camp - some terribly precious folk about tbh ACAG being warmed up yet ? I can talk for myself thank you. It was a question and not even I am stupid enough to think there would be no answers. Happy clapper no. Empathy with many people not as fortunate yes. Complaining about what will not be changed by complaining so its fruitless. I couldn't be bothered to write more but will repeat As I've written before we lenders here are lucky!! Complain as much as we like, soon borrowers whose businesses are or soon will be shut down will not be able to pay anything. Hopefully they will look after their staff first so that when normality return they have staff to commence work again. We need AC to survive. Is it time to stop complaining? I will say it publicly here THANK YOU AC STAFF FOR YOUR EFFORTS to look after all investors.
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Mikeme
Member of DD Central
Posts: 428
Likes: 331
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Post by Mikeme on Mar 25, 2020 17:19:41 GMT
Mark I think you mis-understood Davee If not I did. I felt he was saying DIDUMS to the complainers
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Post by Ton ⓉⓞⓃ on Mar 25, 2020 17:24:15 GMT
mark can you tone it back a bit please.
This is a bit much:
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cb25
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Post by cb25 on Mar 25, 2020 17:29:32 GMT
mark can you tone it back a bit please.
This is a bit much:
As, I would suggest, is: "investor 'babies'" and "bleating individuals"
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dovap
Member of DD Central
Posts: 467
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Post by dovap on Mar 25, 2020 17:31:34 GMT
I guess the OP didn't want any answers diagreeing with the happy clapper camp - some terribly precious folk about tbh ACAG being warmed up yet ? I can talk for myself thank you. It was a question and not even I am stupid enough to think there would be no answers. Happy clapper no. Empathy with many people not as fortunate yes. Complaining about what will not be changed by complaining so its fruitless. I couldn't be bothered to write more but will repeat As I've written before we lenders here are lucky!! Complain as much as we like, soon borrowers whose businesses are or soon will be shut down will not be able to pay anything. Hopefully they will look after their staff first so that when normality return they have staff to commence work again. We need AC to survive. Is it time to stop complaining? I will say it publicly here THANK YOU AC STAFF FOR YOUR EFFORTS to look after all investors. happy to complain about people complaining though despite it's fruitlessness - still at least it's not as plum like as the drivel from mark
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everyone can speak as they want, but I think we don't need the same post qouting everybody 24/7 about the *pool*.
