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Post by overthehill on May 12, 2022 13:26:59 GMT
They are listed in "Overdue Loans" tab. I've had a look and have got six loans in this category. Is there a particular term I can search for in the overdue loans table to identify these?
How many overdue loans do you have! They are easy to spot, big spiel in one of the columns.
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Post by Ace on May 12, 2022 13:45:22 GMT
Is there a particular term I can search for in the overdue loans table to identify these? " confidential investigation " will do it. The note is in the Due Dates column. Thanks, found them now. I'm in all 6 in both of my accounts to the tune of a total of £120.85, so no major panic for me, phew.
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Post by Ace on May 12, 2022 13:46:25 GMT
Is there a particular term I can search for in the overdue loans table to identify these?
How many overdue loans do you have! They are easy to spot, big spiel in one of the columns.
Way too many to count, even if I took my socks off.
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Post by Badly Drawn Stickman on May 12, 2022 13:52:09 GMT
How many overdue loans do you have! They are easy to spot, big spiel in one of the columns.
Way too many to count, even if I took my socks off. Socks, very posh.
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Post by Ace on May 12, 2022 13:54:50 GMT
Way too many to count, even if I took my socks off. Socks, very posh. Not really, I can get to 13 without taking them off.
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zuluwarrior
Member of DD Central
chap from Newcastle, dabbling here and there. Long-time lurker of the forums
Posts: 78
Likes: 42
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Post by zuluwarrior on May 12, 2022 17:08:38 GMT
I think unlikely that they would have an insurance policy that extends coverage to losses incurred on stolen pledged assets. My base assumption is the risk lies with lenders rather than UB and their T&C's don't state that they will underwrite losses incurred from stolen pledged assets. Whilst I have some exposures to these loans, I would be probably be more concerned if UB were on the hook to made good on any loss - from the perspective of platform viability. However, the total exposure looks like £65k across all 6 affected loans. Large, but unlikely to be catastrophic to UB if they are on the hook when viewed against net assets of £750k in their last published stats at 30 Nov 20. Painful to individual lenders in the affected loans, but less so than would be likely the case if it were to affect the viability of the platform. Unfortunately the risk of lending against stolen pledged assets seems to be one of the key risks in pawn brokering, one that can be mitigated but not entirely eliminated. Personally, I think its likely they would have an insurance policy. Like how when you get a mortgage, the mortgagor will want you to have buildings insurance. Can't be any different to that. In a ideal world, both borrower and lender had insurance.
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scooter
Member of DD Central
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Post by scooter on May 12, 2022 17:37:15 GMT
11.5. You agree that we are not liable in any way if our insurers refuse any insurance claims in relation to any Pledged Asset and you suffer a loss on a Loan secured by the Pledged Asset
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mogish
Member of DD Central
Posts: 1,015
Likes: 500
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Post by mogish on May 12, 2022 17:42:11 GMT
11.5. You agree that we are not liable in any way if our insurers refuse any insurance claims in relation to any Pledged Asset and you suffer a loss on a Loan secured by the Pledged Asset Thanks scooter, sums it up then. Lets see how it pans out. The exposure is probably minimal compared to stock/shares losses!
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agent69
Member of DD Central
Posts: 5,598
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Post by agent69 on May 12, 2022 17:44:45 GMT
11.5. You agree that we are not liable in any way if our insurers refuse any insurance claims in relation to any Pledged Asset and you suffer a loss on a Loan secured by the Pledged Asset Thanks scooter, sums it up then. Lets see how it pans out. The exposure is probably minimal compared to stock/shares losses!Or the way Crypto is currently headed down the tube.
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Post by overthehill on May 12, 2022 21:23:58 GMT
Thanks scooter, sums it up then. Lets see how it pans out. The exposure is probably minimal compared to stock/shares losses!Or the way Crypto is currently headed down the tube.
Global stock markets have always bounced back to new highs, historical fact, shares have an inherent value. Crypto is somewhere between gambling and a suitcase of dollars with no federal reserve backup that you leave in your garden every night.
And NFTs are definitely categorically without doubt not a ponzi scheme.
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Post by df on May 12, 2022 21:47:17 GMT
" confidential investigation " will do it. The note is in the Due Dates column. Thanks, found them now. I'm in all 6 in both of my accounts to the tune of a total of £120.85, so no major panic for me, phew. Found them too, thanks to treeman's cue. I didn't expect to see it in "due dates" column. Not the most user friendly display on UB I'm in all 6 as everyone else. My total is £45.06, ditto no major panic.
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Post by overthehill on Feb 3, 2023 20:16:37 GMT
Or the way Crypto is currently headed down the tube.
Global stock markets have always bounced back to new highs, historical fact, shares have an inherent value. Crypto is somewhere between gambling and a suitcase of dollars with no federal reserve backup that you leave in your garden every night.
And NFTs are definitely categorically without doubt not a ponzi scheme.
FTSE 100 got there first, which index is next ?!
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