Panto Season at FC

The drama continues. Oh no we won't (guarantee) oh yes they will (or they don't get the cash). FC reacted eventually, but the last question asks whether the borrower's replies from the 15/16 Dec have been "moderated" on 22 Dec by FC. I don't think they have, but why should the date have been altered?

It has always been the way at FC. Whenever a borrower makes an additional response (or presses some other button on the relevant screen that only borrowers can see?), they update the date of ALL existing responses with the new date.

Presumably if FC need to run another auction without the guarantee present they'll have either have a different risk rating, or not approve the borrower for the loan at all. It has been clearly and unequivocally stated that if the loan from THAT auction proceeds it will be only with a guarantee present, so ball is in the borrower's court - whether they wish to provide the guarantee or apply for another loan (possibly from elsewhere) to be assessed on a different basis.

It could even be a deliberate tactic that we've had anecdotal evidence of having been done before - proceed to get a loan offer from FC, despite being unwilling to comply with FC's conditions, due to a bank manager who said they'd match whatever FC offered, and who doesn't look beyond the interest rate.

Don't know if that means me or not but [whoops, thinks hard, where's that post hoc justification ...] Yes I put in my usual £600 spread across the rates, then added £160 near the end when I saw that the rates were not moving below 12% with the intention to sell the overhang at par as usual. And No, I never read the Q&A's because I am (happily) illiterate wrt accounting stuff (that may make those of you who clearly have an awesome accounting background breathe in sharply) tho' I am very numerate - but what's the worst that can happen: if the loan is rejected, my £760 is stuck for up to a further week at a time when I have nowhere else to put it; if the loan is accepted, I'll sell it after 6 repayments. Please give me a public kicking if there are missed payments inside those 6 months!
ps Having read the Q&A now, it is clearly a morass of incompetence but the whole of Fuzzy Coders is like that. If I avoided all the risky stuff, I would never get my pot fully invested at my chosen diversification of max 0.5%. In my defence (why do I feel defensive - it's a marvellous life not having to read the small print) I do control some risks: I bid on A and A+ only, I bid only in £20s 'cos they sell so much faster, I am selling all parts over £20, and over 8 months old ...
pps I did read this thread early on but got confused: I thought the comments were about 9708 which I did not plan to bid on.

I wondered why all my Christmas cards were addressed not to Grum Pee, but Beau Ghee!

I went with Goldservice's approach too .. if there were alternative homes for the FC funds over the next week or so I might have thought differently, but right now there is a serious drought of auctions to bid on (serious or otherwise). Heck, I may have to go fish in the SM before long. 8>. Yes, this one was a shambles, and FC were depressingly slow to respond to the concerns... accountancy skills not really required to note that the parent company doesn't want to guarantee a loan to their subsidiary .. however I recall a large engineering firm loan (B****n) where there WAS such a guarantee and it still died in month 2-3.

True, but Autobid has been reluctant to sample the SM for the last couple of days - trying to fill those property loans perhaps and then to take the cash back down further with some little ones.
Saw 9729 with the cash back, clicked on the auction page link to bid - and it was gone.