angrysaveruk
Member of DD Central
binomial
Posts: 995 
Likes: 638
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Post by angrysaveruk on Mar 31, 2020 12:15:40 GMT
Has AC said if they are still going to pay off the I** loans as scheduled?
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Post by buzzablinio on Mar 31, 2020 13:30:34 GMT
They haven't said it isn't...but I certainly haven't received any repayment yet ...
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Post by anthony on Mar 31, 2020 15:32:48 GMT
Payments are starting to appear now.....
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Post by jvbrad on Mar 31, 2020 17:01:07 GMT
Email just received. Part repayment in March then 3 month pause in the repayment programme.
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bg
Member of DD Central
Posts: 1,368
Likes: 1,929
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Post by bg on Mar 31, 2020 17:04:45 GMT
I got a repayment of 40% of #439 and 69% of #372.
Wasn't expecting that.
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Post by bikeman on Mar 31, 2020 18:12:03 GMT
Seems like only a few days ago (13 march) I got an email from AC boasting that they had secured £15M investment from British Business Investments, a commercial subsidiary of the British Business Bank..
Now I get an email says we're not keeping our commitment to you.
No surprise there then.
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Tony
Posts: 51
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Post by Tony on Mar 31, 2020 20:56:17 GMT
Has AC said if they are still going to pay off the I** loans as scheduled? So the short answer is no !
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ferdy
Member of DD Central
Posts: 166
Likes: 47
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Post by ferdy on Apr 1, 2020 8:26:08 GMT
Email just received. Part repayment in March then 3 month pause in the repayment programme. No email for me. Was it a specific one re. I** or part of a more general one? Thanks
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Post by oppsididitagain on Apr 1, 2020 9:19:01 GMT
In short they paid 500K not the 750K, if you log on to your account you will see balances have been reduced
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Post by jvbrad on Apr 1, 2020 10:10:36 GMT
Email just received. Part repayment in March then 3 month pause in the repayment programme. No email for me. Was it a specific one re. I** or part of a more general one? Thanks There was one for each I** loan - came through about 18:50-19:00 on 31st March.
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ferdy
Member of DD Central
Posts: 166
Likes: 47
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Post by ferdy on Apr 1, 2020 10:58:18 GMT
No email for me. Was it a specific one re. I** or part of a more general one? Thanks There was one for each I** loan - came through about 18:50-19:00 on 31st March. Thanks. Not the first time I have n't received emails relating to I**. I'll ask AC the question why (again).
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angrysaveruk
Member of DD Central
binomial
Posts: 995
Likes: 638
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Post by angrysaveruk on Apr 2, 2020 7:48:52 GMT
Got the payment. Overall I am quite pleased with the outcome. If this is the final payment then overall I got 65% recovery on my investment in these loans which was more than I was expecting  |
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happy
Member of DD Central
Posts: 397
Likes: 497
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Post by happy on Apr 5, 2020 20:51:49 GMT
I posted this reply about the recent repayment made by AC for these loans on the AC private board and was then asked by another forum member, Mikeme if I could post it here on the public board, so here it is. Mar 31, 2020 at 10:15pm Tony said: Total disgrace, they knew the full financial implications of making such a promise, any company would have made a provision at that point. It all add up to total mistrust into AC's management of what, less face it, their job right now 13 hours ago happy said: Couldn't agree less. This action is perfectly understandable in the current circumstances and IMHO the fact AC paid anything at all is, in my opinion, a testament to their determination to try to honour, at least in part, their original commitment to us all. We all need to think about what is going on outside our homes right now: no planes in the sky, no cars on the roads, shops, restaurants, hair salon, bars, cafes and business closed and empty everywhere. Shut down building sites where they can't even work if they wanted because every builders merchant in the country is closed. My young children ask me about what all this will mean to us and my answer is, I truly do not know. Nobody has ever seen or even read of a global event like this in modern times. This global crisis, and it really is a crisis, is an unprecedented event, the effect of which could yet prove to be devastating for all of our financial wellbeing, not just for this generation but for many more to follow us. The actions Stuart and his team are taking show a level of prudence and caution that gives me confidence in their management, not of their reckless disregard for a commitment made in what now might as well have been made in another dimension. Stay safe everyone and look after those you love. |
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Post by bikeman on Apr 8, 2020 9:28:35 GMT
Got the payment. Overall I am quite pleased with the outcome. If this is the final payment then overall I got 65% recovery on my investment in these loans which was more than I was expecting The last payment I received as 23rd Dec. When did you receive a payment?
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lobster
Member of DD Central
Posts: 636
Likes: 467
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Post by lobster on Apr 8, 2020 12:33:51 GMT
Got the payment. Overall I am quite pleased with the outcome. If this is the final payment then overall I got 65% recovery on my investment in these loans which was more than I was expecting The last payment I received as 23rd Dec. When did you receive a payment? It depends which of the I** loans you hold. If, like me, you only hold #437 (Neilston) , you won't have received anything  . AFAIK you should have received something if you held any of the others. This is because AC recovered some cash via a sale of the properties , but none of that cash pertained to #437, which remains unsold and of negligible value I believe.
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. AFAIK you should have received something if you held any of the others. This is because AC recovered some cash via a sale of the properties , but none of that cash pertained to #437, which remains unsold and of negligible value I believe.