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Post by stuartassetzcapital on Sept 17, 2020 15:22:23 GMT
You are mistaken and I do not know why you state it but we do not have any cheap government loans. We are independently funded. The Terms and Conditions cover the lender fee and you did agree to those when you signed up. We have said that we are looking to reduce and/or remove the lender fee again as soon as possible and are reviewing when that would be prudent. It will be linked to substantial renewed lending under the Access Accounts and the MLA as well as our CBILS lending volumes and that overall process is at an early stage still. We are working on this and hope to be able to make a step forwards shortly.
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criston
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Post by criston on Sept 17, 2020 15:57:29 GMT
You are mistaken and I do not know why you state it but we do not have any cheap government loans. We are independently funded. The Terms and Conditions cover the lender fee and you did agree to those when you signed up. We have said that we are looking to reduce and/or remove the lender fee again as soon as possible and are reviewing when that would be prudent. It will be linked to substantial renewed lending under the Access Accounts and the MLA as well as our CBILS lending volumes and that overall process is at an early stage still. We are working on this and hope to be able to make a step forwards shortly. Thankyou. Did you & do you continue to benefit from the furlough scheme ? What is the minimum we can expect the lender fee to continue for ? Please advise.
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Mikeme
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Post by Mikeme on Sept 17, 2020 16:25:17 GMT
You are mistaken and I do not know why you state it but we do not have any cheap government loans. We are independently funded. The Terms and Conditions cover the lender fee and you did agree to those when you signed up. We have said that we are looking to reduce and/or remove the lender fee again as soon as possible and are reviewing when that would be prudent. It will be linked to substantial renewed lending under the Access Accounts and the MLA as well as our CBILS lending volumes and that overall process is at an early stage still. We are working on this and hope to be able to make a step forwards shortly. Thankyou. Did you benefit from the furlough scheme ? What is the minimum we can expect the lender fee to continue for ? Please advise. No company benefited from the furlough scheme other than being able to pay/retain staff in unprecedented times. As to the lender fee AC have informed many times and repeated in your quoted message. For as short a time as possible. Better a solvent AC than end up like FS and the shambles there.
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criston
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Post by criston on Sept 17, 2020 16:29:31 GMT
Thankyou. Did you benefit from the furlough scheme ? What is the minimum we can expect the lender fee to continue for ? Please advise. No company benefited from the furlough scheme other than being able to pay/retain staff in unprecedented times. As to the lender fee AC have informed many times and repeated in your quoted message. For as short a time as possible. Better a solvent AC than end up like FS and the shambles there.
Always regarded that as a ridiculous phrase, as it could mean years.
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Mikeme
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Post by Mikeme on Sept 17, 2020 16:43:21 GMT
No company benefited from the furlough scheme other than being able to pay/retain staff in unprecedented times. As to the lender fee AC have informed many times and repeated in your quoted message. For as short a time as possible. Better a solvent AC than end up like FS and the shambles there.
Always regarded that as a ridiculous phrase, as it could mean years. Yes! Just like how long will covid last or when will a vaccine be ready.
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Post by bracknellboy on Sept 17, 2020 17:05:31 GMT
You are mistaken and I do not know why you state it but we do not have any cheap government loans. We are independently funded. The Terms and Conditions cover the lender fee and you did agree to those when you signed up. We have said that we are looking to reduce and/or remove the lender fee again as soon as possible and are reviewing when that would be prudent. It will be linked to substantial renewed lending under the Access Accounts and the MLA as well as our CBILS lending volumes and that overall process is at an early stage still. We are working on this and hope to be able to make a step forwards shortly. Thankyou. Did you & do you continue to benefit from the furlough scheme ? What is the minimum we can expect the lender fee to continue for ? Please advise. the "Questions for Stuart" thread is going to have a fairly short (or at least unproductive) life if it is hijacked in order to pester and/or make unwarranted and illogical implied accusations. Employees benefited from the furlough scheme; employers only benefited from it to the extent that furloughed staff were able to be called back thereby not having the risk of long term loss of skills. But since noone was really recruiting, they stood a pretty good chance of being able to do that anyway.
EDIT: Ok, they benefited to the extent they did not have to go through redundancy costs (process plus actual outlays). But that isn't really a 'benefit', its an avoided dis-benefit.
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criston
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Post by criston on Sept 17, 2020 17:25:48 GMT
It's no good pussy footing around.
Let's get some straight answers, without being rude.
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johni
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Post by johni on Sept 17, 2020 21:21:33 GMT
It's no good pussy footing around. Let's get some straight answers, without being rude. Have you asked your bank the same questions? as the interest rates have been reduced across the board this is the other way of taking the fee. I prefer this way it's at least open and transparent.
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m2btj
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Post by m2btj on Sept 18, 2020 8:09:39 GMT
It's a shame that these Q&As start off well but quickly descend into a bit of a slanging match. I would fully understand if Stuart decided to disengage.
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blender
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Post by blender on Sept 18, 2020 8:39:46 GMT
It's a shame that these Q&As start off well but quickly descend into a bit of a slanging match. I would fully understand if Stuart decided to disengage. He well knew the nature of the beast when he decided to engage with it. Just needs to keep it professional, identify the serious questions, and address them without being lured into the wrong kind of discussion.
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travolta
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Post by travolta on Sept 18, 2020 9:27:35 GMT
Its al lto easy to undermine justifiable grievances by describing them as a 'slanging match' . Assetz Capital would garner far more respect (and investment) by addressing their existance and engaging with slighted customers rather than blandly dismissing them into' the handful pocket' in the hope that they will disappear and cease to tarnish the P2P image. Stuart is not doing any favours by appearing on this site and he is not here to be stroked.
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blender
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Post by blender on Sept 18, 2020 9:47:18 GMT
Its al lto easy to undermine justifiable grievances by describing them as a 'slanging match' . Assetz Capital would garner far more respect (and investment) by addressing their existance and engaging with slighted customers rather than blandly dismissing them into' the handful pocket' in the hope that they will disappear and cease to tarnish the P2P image. Stuart is not doing any favours by appearing on this site and he is not here to be stroked. Just to say yes you are right and Stuart should not expect an easy ride from customers who have reasonable complaints (including me of course). However, there have been a very few who were keen to wind him up and were probably very happy to drive him off this board for a while, to the dis-benefit of both lenders and platform. He has to rise above any trolling - as do we.
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criston
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Post by criston on Sept 18, 2020 10:53:25 GMT
You are mistaken and I do not know why you state it but we do not have any cheap government loans. We are independently funded. The Terms and Conditions cover the lender fee and you did agree to those when you signed up. We have said that we are looking to reduce and/or remove the lender fee again as soon as possible and are reviewing when that would be prudent. It will be linked to substantial renewed lending under the Access Accounts and the MLA as well as our CBILS lending volumes and that overall process is at an early stage still. We are working on this and hope to be able to make a step forwards shortly. I would like to return to my main question. What is your current position on the minimum period before the lenders fee will be removed ? I can then plan to repatriate funds that I have withdrawn. Please advise.
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Post by stuartassetzcapital on Sept 18, 2020 11:04:39 GMT
It remains as we have said before as being as soon as possible. There are milestones to hit first and we cant control those exactly. If we can create a way for people to have no fee later this year then we would be happy as i am sure others would be. If we had a firm and simple date we would have already published but Covid isn't over yet.
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Post by honda2ner on Sept 18, 2020 19:02:51 GMT
Can we please rename this thread to:
"Sensible questions for Stuart that can be answered with relative certainty, stupid questions involving guessing games only get stupid answers (AC)"
Bit of a mouthful I know but this thread is getting spoilt by the none too brights.
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