ganymede
Member of DD Central
Posts: 299
Likes: 207
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Post by ganymede on Mar 16, 2021 14:36:35 GMT
Temptation all gone, I resisted putting even 1p into to this loan. Just didn't like the look of the numeric mistakes in the Financial Projections on top of the other things. Without significant improvements I think I will be giving the trenches that follow a miss also.
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nick
Member of DD Central
Posts: 1,055
Likes: 825
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Post by nick on Mar 16, 2021 14:38:42 GMT
Normally we are only given 2 hrs to do our DD which is insufficient to do any real digging.
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oldtimer
Member of DD Central
Posts: 211
Likes: 156
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Post by oldtimer on Mar 16, 2021 14:53:35 GMT
I have asked on several occasions if they will give more time between putting the loan up and putting it live. Never get a reply. 24 hours would be good and allow much more DD time.
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Post by Badly Drawn Stickman on Mar 16, 2021 15:18:02 GMT
Just a few crumbs, 'crumbs' oddly being what I though at its turn of foot (or should that be hoof). Looking forward to seeing how it does on the gallops (who started the daft horse thing?)
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mw
Member of DD Central
Posts: 178
Likes: 81
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Post by mw on Mar 16, 2021 15:54:07 GMT
Just a few crumbs, 'crumbs' oddly being what I though at its turn of foot (or should that be hoof). Looking forward to seeing how it does on the gallops (who started the daft horse thing?) It was mw , but he/she said nothing about the horses being daft. Would anyone with horse-sense be watching them? I had some loose change on this but it is not a keeper. Yes apologies for that although ive had a few winners today! 😁
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Post by df on Mar 16, 2021 18:07:39 GMT
I’m sure those who’ve missed the 20 minutes window won’t be disappointed with the amount available on SM
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Post by ladywhitenap on Mar 22, 2021 16:21:48 GMT
ablrateThis loan seems to have been set up as interest only and equal monthly payments for the full term which is not how the repayment plan is stated in the proposal? LW
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k6
Posts: 167
Likes: 108
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Post by k6 on Mar 22, 2021 17:03:25 GMT
I can only guess it will change to Interest & Capital after month 12th
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Balder
Member of DD Central
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Post by Balder on Mar 22, 2021 17:12:40 GMT
I can only guess it will change to Interest & Capital after month 12th It has to be set-up on the system as per the contract or it is misleading to anyone investing on the SM. probably an error in set-up by ablrate
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Post by ladywhitenap on Mar 22, 2021 19:31:58 GMT
I can only guess it will change to Interest & Capital after month 12th It has to be set-up on the system as per the contract or it is misleading to anyone investing on the SM. probably an error in set-up by ablrate Precisely! Although I can imagine that the underlying software might not have the capability to cope with a repayment scheme change mid term. LW
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blender
Member of DD Central
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Post by blender on Mar 22, 2021 22:33:22 GMT
Nope, it's probably a better prediction of what may actually happen in 2022. Saves changing it later.
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Post by Badly Drawn Stickman on Dec 20, 2021 15:45:38 GMT
New loan 173 could be interesting.
This has performed better on the 'third party' secondary market, better than most. Having said that often in negative territory by a touch.
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p2pfan
Member of DD Central
Full-Time Investor
Posts: 742
Likes: 835
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Post by p2pfan on Dec 20, 2021 16:02:57 GMT
New loan 173 could be interesting. This has performed better on the 'third party' secondary market, better than most. Having said that often in negative territory by a touch. Yes, it will be intriguing to see how this new loan performs. A few positives. For instance, I see the borrower has paid every monthly interest payment on time this year (maximum one day late). But weighed down by how abysmally many Ablrate loans have performed this year. Worryingly, both Ablrate and their borrowers have got an oven-ready excuse they will be licking their lips about using throughout next year to justify not paying lenders while, of course, they will continue to prioritise paying themselves fat guaranteed salaries and expenses without fail, aka "Omicron". I'll have my popcorn ready.
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Nomad
Member of DD Central
Posts: 729
Likes: 495
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Post by Nomad on Dec 20, 2021 16:18:46 GMT
New loan 173 could be interesting. This has performed better on the 'third party' secondary market, better than most. Having said that often in negative territory by a touch. I will not be investing with Ablrate again. Now only adding funds to Capital Rise, Connective, Qardus, Easymoney & Wise Alpha.
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Post by df on Dec 20, 2021 16:24:25 GMT
New loan 173 could be interesting. This has performed better on the 'third party' secondary market, better than most. Having said that often in negative territory by a touch. It will be interesting to watch this show, particularly in the current climate. I've got enough in 156, so won't be increasing. Also my current strategy is to refrain from any further investments on ABL until the AF crisis is resolved and 165 question is answered. The former could indicate whether the platform is going to survive or not. The latter will hopefully help to restore some trust, even if the answer is unpleasant.
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