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Post by munchydave on Jun 28, 2023 15:48:25 GMT
I received a payment today. Me too £334
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Post by overthehill on Jun 28, 2023 16:08:21 GMT
Not surprisingly the funds from barnold* 1st charge that were frozen due to a last gasp complaint have just disappeared from the earth. Still absent from all 3 accounts - cash, loans and frozen funds. It is in the ether account apparently.
Their level of service has been consistent if nothing else!
Is this loan related to the council tower block? No. barnold* was paid out and then retracted because a lender in another loan for the same borrower wants a share of it.
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c88dnf
Member of DD Central
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Post by c88dnf on Jun 28, 2023 16:11:17 GMT
I received a payment today. Me too £334 And me - pub time.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,156
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Post by ozboy on Jun 28, 2023 16:13:59 GMT
Yes, spondoolies finally hit my account this afternoon too.
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r1200gs
Member of DD Central
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Post by r1200gs on Jun 28, 2023 16:23:27 GMT
Is this loan related to the council tower block? No. barnold* was paid out and then retracted because a lender in another loan for the same borrower wants a share of it. It's all surprises with FS, isn't it? Nothing is as it first appears and nothing is safe. And this is my fear with C****** house, 1.3 million sitting there with various eyes ogling it.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,156
Likes: 4,830
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Post by ozboy on Jun 28, 2023 16:29:45 GMT
Jailings MUST surely result from all this carp? Otherwise I see the peasants turning up with pitchforks and firebrands on the FCA's doorstep.
Quite rightly.
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adrian77
Member of DD Central
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Post by adrian77 on Jul 7, 2023 13:22:49 GMT
I know it is easy to say but surely A B must be the all time worst governor of the BOE/head of FCA etc
Just what has he actually done that can be credited as a success - bring back Hard Eddy!
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Post by overthehill on Jul 7, 2023 13:59:18 GMT
I know it is easy to say but surely A B must be the all time worst governor of the BOE/head of FCA etc Just what has he actually done that can be credited as a success - bring back Hard Eddy!
So he was the unforeseen circumstances for the payment failure on wed this week. I just think C&G wanted to tick it off their bucket list.
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michaelc
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Post by michaelc on Jul 9, 2023 17:04:42 GMT
Amaising! My previous withdrawal was on 3rd March 2021. £7,000 on its way to my Bank Account, great. Just checked my share portfolio, down by about the same amount. Won`t be celebrating just yet but should get a secure 5% plus return on the returned money. No more P/P casinos. That`s a bit unfair though, casinos are properly regulated. Try telling that to the folk over there: They're acting as if nothing has happened. (to FS, to Lendy, to Colateral, to Moneything, to.....) p2pindependentforum.com/thread/19287/borrower-rates-somo
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Post by Ace on Jul 9, 2023 19:22:23 GMT
£7,000 on its way to my Bank Account, great. Just checked my share portfolio, down by about the same amount. Won`t be celebrating just yet but should get a secure 5% plus return on the returned money. No more P/P casinos. That`s a bit unfair though, casinos are properly regulated. Try telling that to the folk over there: They're acting as if nothing has happened. (to FS, to Lendy, to Colateral, to Moneything, to.....) p2pindependentforum.com/thread/19287/borrower-rates-somoSoMo is in a completely different league to the other platforms you mentioned. For a start, it's been profitable for longer than any of those existed.
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Post by stankroenke1 on Jul 12, 2023 12:08:43 GMT
Could we finally start to see some movement of our money heading towards our accounts. All prior to April 2019.
FundingSecure Update We refer you to previous updates on the claim by JC Starr Holdings Ltd (JC Starr) regarding the payment of £500,000 (the Payment) paid into the e-wallet/client account (the Account) in April 2019. Following the taking of legal advice, consultation with the Creditors’ Committee and the development on the Platform of a mechanism to allow funds to move whilst preserving the frozen account, we have now started paying monies due to investors on those loans made by FundingSecure prior to April 2019.
We are now investigating whether payments can be made on those loans made after April 2019; that is after the Payment was paid into the Account. However, based on legal advice to date, payments on these loans will be more problematical as the loans were made after the Payment was paid into the Account.
We continue to keep the matter under review and we will update you further, but while JC Starr’s claim is extant and unresolved we need to be cautious regarding any payments and follow legal advice. FundingSecure Limited - in Administration
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rocky1
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Post by rocky1 on Jul 12, 2023 12:36:02 GMT
which loans did jc starr think their money went into ?i hope it was the same huge loss loans that the rest of us got conned into funding.they were took in and shafted just like the rest of us.quistclose trust,bercley applegate,suspence accounts and all the rest of the cr*p.the admins should just open the flood gates and distribute whatever they are holding of lenders funds and stop all this faffing around because some ar*ehole lost a lot of money and is throwing the rattle out of the pram.
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agent69
Member of DD Central
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Post by agent69 on Jul 12, 2023 12:57:30 GMT
which loans did jc starr think their money went into ?i hope it was the same huge loss loans that the rest of us got conned into funding.they were took in and shafted just like the rest of us.quistclose trust,bercley applegate,suspence accounts and all the rest of the cr*p.the admins should just open the flood gates and distribute whatever they are holding of lenders funds and stop all this faffing around because some ar*ehole lost a lot of money and is throwing the rattle out of the pram. But there's no incentive for them to do that.
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Post by gaspilot on Jul 12, 2023 13:12:19 GMT
Curiously, my detailed list of "account information" is showing both full capital return (a whopping £25...) and an extra payment of roughly 23% on top, but not labelled as interest or anything else. Surplus return as per the accounts or what? While I'm in thinking mode, is the tab under "my investments" labelled "Funds pending Quistclose" believed to contain accurate information? Mine shows no affected "investments", which seems too good to be true! Yes. They paid the Full Capital on that 1st charge loan and then roughly 22.8% Interest for those without a Bonus Interest. Wast it £5.70 ish for you ? For those who Invested in this Loan under IFISA and have already withdrawan the Repayments to their Main Account, CG & Co have now reversed these transactions (that's why they took the website down) and transferred an equivalent amount from their Main Account back to their IFISA Account and then deducted this from their IFISA Balance (apparently, pending further investigations). Now, I don't know how they Calculated that figure and how they prorated it.
Does anyone know if the Bonus Figures stated on any Loan (eg., Investment range: £5,000.00 - £9,999.00 : 0.50% Bonus - for this Loan) was an additional Interest on top of the advertised rate (eg., 13% - for this Loan) or was it paid upfront like some other platforms did ? Anyone who ever qualified for these Bonus Interests might be able to shine some light ?
So it looks like the situation has now changed. If my assumptions and calculations are correct, I think we will get back 95% of our funds but no interest payments. That applies to both of the loans (house and land). Please correct me if you believe differently.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jul 12, 2023 14:03:10 GMT
which loans did jc starr think their money went into ?i hope it was the same huge loss loans that the rest of us got conned into funding.they were took in and shafted just like the rest of us.quistclose trust,bercley applegate,suspence accounts and all the rest of the cr*p.the admins should just open the flood gates and distribute whatever they are holding of lenders funds and stop all this faffing around because some ar*ehole lost a lot of money and is throwing the rattle out of the pram. The point is it shouldnt have gone into any loans ... thats the whole point of the QT ... the money was lent for a specific purpose, it wasnt used for that purpose so it should still be in the client account. Had the QT money not been used, the loans wouldnt have filled so lenders wouldnt have been shafted either, or more shafted but in less loans.
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