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Post by jasonnewman on Apr 5, 2020 15:15:54 GMT
Given the current circumstances I think AC need to provide weekly updates to lenders on which borrowers are currently not paying and detail what actions AC are taking to recover the cash. We have already taken a hair cut on our loans in the form of lower rates, AC have taken their fees so AC needs to demonstrate what they are doing to earn their fees. Without a weekly update we don't know what is going on and how much in losses we are likely to incur. Please vote. chris stuartassetzcapital Can one of you run another batch of payments todays please? |
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Post by Ace on Apr 5, 2020 15:35:17 GMT
Given the current circumstances I think AC need to provide weekly updates to lenders on which borrowers are currently not paying and detail what actions AC are taking to recover the cash. We have already taken a hair cut on our loans in the form of lower rates, AC have taken their fees so AC needs to demonstrate what they are doing to earn their fees. Without a weekly update we don't know what is going on and how much in losses we are likely to incur. Please vote. chris stuartassetzcapital Can one of you run another batch of payments todays please? Would you mind awfully if we had a quick look inside your hat?
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alanh
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Post by alanh on Apr 5, 2020 19:11:44 GMT
They have not got the manpower to provide weekly updates on non-performing loans, they are barely holding things together as it is. They should concentrate on sorting out the current enormous mess the platform is in and try to bring back some stability and confidence in what they are doing.
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Post by BrianC on Apr 5, 2020 19:14:00 GMT
jasonnewman again  How about we just let AC get on with their job and you concentrate on yours. |
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Post by jasonnewman on Apr 5, 2020 19:25:51 GMT
jasonnewman again How about we just let AC get on with their job and you concentrate on yours. My job is get my money back.  is AC doing to get the money back? Changing terms, posting videos, posting polls, writing bloggs….Chase borrowers instead!
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easynow
Member of DD Central
Popcorn anyone?
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Likes: 147
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Post by easynow on Apr 5, 2020 20:38:07 GMT
jasonnewman again How about we just let AC get on with their job and you concentrate on yours. My job is get my money back. is AC doing to get the money back? Changing terms, posting videos, posting polls, writing bloggs….Chase borrowers instead! I'm assuming you only invested an amount of cash you can easily afford to lose? This being the case, why do you continue to get your knickers in a twist? It's not good for your health allowing yourself to get so wound up, and its getting pretty tedious for everyone else around here having to read it.
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Post by jasonnewman on Apr 5, 2020 20:50:58 GMT
No I have my life savings in this, they better get my money back!
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alanh
Posts: 556
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Post by alanh on Apr 5, 2020 20:54:19 GMT
My job is get my money back. is AC doing to get the money back? Changing terms, posting videos, posting polls, writing bloggs….Chase borrowers instead! I'm assuming you only invested an amount of cash you can easily afford to lose? This being the case, why do you continue to get your knickers in a twist? It's not good for your health allowing yourself to get so wound up, and its getting pretty tedious for everyone else around here having to read it. Just because someone can easily afford to lose some money doesn't actually mean they want to lose it, surely that must be obvious?
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Post by kazamx on Apr 5, 2020 21:14:51 GMT
I'm assuming you only invested an amount of cash you can easily afford to lose? This being the case, why do you continue to get your knickers in a twist? It's not good for your health allowing yourself to get so wound up, and its getting pretty tedious for everyone else around here having to read it. Just because someone can easily afford to lose some money doesn't actually mean they want to lose it, surely that must be obvious? I really hope you are joking. Saying that it would explain why you are shouting so much.
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alanh
Posts: 556
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Post by alanh on Apr 5, 2020 21:27:05 GMT
Just because someone can easily afford to lose some money doesn't actually mean they want to lose it, surely that must be obvious? I really hope you are joking. Saying that it would explain why you are shouting so much. Of course I'm not joking. Assetz have 38,000 accounts, maybe 20,000 investors which makes the average per investor £10k - £20k say. Just because most people could afford to lose that money doesn't mean they are just going to walk away from £20k without doing something about it. What a ridiculous assumption - Assetz Capital is supposed to be an investment - you would normally expect to get at least something back.
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Post by jasonnewman on Apr 5, 2020 21:34:14 GMT
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Post by Harland Kearney on Apr 5, 2020 21:36:47 GMT
You shouldn't ping them for no reason, it is against the boards rules. Please. It is worth reading irobots anaylsis of the loan book here: p2pindependentforum.com/thread/17048/longer-access-account-balances-full?page=6It gives context into why force selling right now is suicide. If you cant' understand that, then what else is there to say at this point. Just allow the loan book to take its course and get the projects finished; either with sale or more likely refinancing. |
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Post by BrianC on Apr 5, 2020 21:37:43 GMT
jasonnewman again How about we just let AC get on with their job and you concentrate on yours. My job is get my money back. is AC doing to get the money back? Changing terms, posting videos, posting polls, writing bloggs….Chase borrowers instead! I’d say they’ll have more chance of getting it you if you just chill the <Mod redacted> out and let them get on with it.
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alender
Member of DD Central
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Post by alender on Apr 6, 2020 7:32:09 GMT
jasonnewman again How about we just let AC get on with their job and you concentrate on yours. Part of the job of AC is to perform due diligence on loans especially in the area of the non performing loans, or do you think there job is just to lend money, forget about it and just collect the payments that the borrower chose to pay.
The have already been paid to do this job and soon will be paid more from the lender and borrow fees, however they chose to spend their time making videos, changing the T&Cs with the weather, removing information from websites which is useful for lender to track the money (see other post on the forum), re-jig how lenders funds are repaid to suit their view of the world, give out statements not backed up by figures and look for new business streams.
In case you ask AC has locked up my company money as well as my own, so my official job is to try to recover my money from AC as I had to borrow funds to cover locked in money at AC.
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alender
Member of DD Central
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Post by alender on Apr 6, 2020 7:46:44 GMT
My job is get my money back. is AC doing to get the money back? Changing terms, posting videos, posting polls, writing bloggs….Chase borrowers instead! I'm assuming you only invested an amount of cash you can easily afford to lose? This being the case, why do you continue to get your knickers in a twist? It's not good for your health allowing yourself to get so wound up, and its getting pretty tedious for everyone else around here having to read it. It all depend what you mean easily afford to lose, if it means pay the household bills food etc, probably yes. Some holidays in retirement, coving medical insurance, medical bills, future possible bills for carers, nursing home when too old to care for myself, probably not now.
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How about we just let AC get on with their job and you concentrate on yours.
is AC doing to get the money back? Changing terms, posting videos, posting polls, writing bloggs….Chase borrowers instead!
