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Post by andrewholgate on Feb 6, 2015 15:25:36 GMT
For those who are interested, all lenders have their capital and outstanding interest returned.
That's a 100% recovery which, if you allow me to be smug for a moment, is what I said would be the result on this deal. I understand the panic when it first went bad, but hopefully this proves our credentials. I cannot promise every deal will be 100% recovery, but so far so good.
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jo
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dead
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Post by jo on Feb 6, 2015 15:30:17 GMT
Smugness conceded  |
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j
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Post by j on Feb 6, 2015 15:30:43 GMT
For those who are interested, all lenders have their capital and outstanding interest returned. That's a 100% recovery which, if you allow me to be smug for a moment, is what I said would be the result on this deal. I understand the panic when it first went bad, but hopefully this proves our credentials. I cannot promise every deal will be 100% recovery, but so far so good. Good result indeed & well done to you guys for the effort you put in over previous few months andrewholgate. Can we expect a positive on other loans like the briging ones, Sth C***t P***b, etc? Well done again
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sl75
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Post by sl75 on Feb 6, 2015 16:03:29 GMT
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Post by andrewholgate on Feb 6, 2015 16:38:00 GMT
I think now we have worked through it, the ban is no longer needed.
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Post by andrewholgate on Feb 6, 2015 16:39:05 GMT
For those who are interested, all lenders have their capital and outstanding interest returned. That's a 100% recovery which, if you allow me to be smug for a moment, is what I said would be the result on this deal. I understand the panic when it first went bad, but hopefully this proves our credentials. I cannot promise every deal will be 100% recovery, but so far so good. Good result indeed & well done to you guys for the effort you put in over previous few months andrewholgate. Can we expect a positive on other loans like the briging ones, Sth C***t P***b, etc? Well done again Yes, we are working on those. Early days on the SCP one.
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sqh
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Post by sqh on Feb 6, 2015 16:58:25 GMT
This is an great result. I remember seeing loan parts available on the aftermarket at 11% discount and no takers. Personally, I wanted to see a 30% discount before I bought. Perhaps, next time I'll have more faith in the AC recovery team.
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duck
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Post by duck on Feb 6, 2015 17:00:12 GMT
Smugness (just a tad  ) is I feel justified.
That said (and I do not know any more than any other lender) I would like to say the actions of the guarantor have been appreciated and honourable.
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agent69
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Post by agent69 on Feb 6, 2015 18:36:05 GMT
the actions of the guarantor have been appreciated and honourable. Maybe we should have a whip-round for the guarantor and get him a drink. Also I think this thread should be in the private forum. Same rules for all.
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mikes1531
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Post by mikes1531 on Feb 6, 2015 18:50:37 GMT
For those who are interested, all lenders have their capital and outstanding interest returned. My congratulations to AC for such a positive result. However... Perhaps it's just me, but part of andrewholgate's announcement appears to be a tad premature. I had my capital repaid at 1356 today, but there's no sign of a credit for the outstanding interest. I wasn't concerned about that because the email I received and the update on the website both indicate that the interest credits need manual intervention and checking and probably wouldn't be paid until Monday. Has anyone received their outstanding interest?
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kermie
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Post by kermie on Feb 6, 2015 18:57:50 GMT
No interest today, mikes1531 - I expect next week. Indeed, congrats to AC on this one. And respect to the guarantor - I'm getting all too used to "personal guarantees" meaning nothing, so this chappy deserves a little credit. |
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Post by bracknellboy on Feb 6, 2015 19:08:26 GMT
Also I think this thread should be in the private forum. Same rules for all. My initial view on this, subject to any discussions by the mods. The original reason for banning discussion on the public forum was that the nature of the postings and the feelings generated / being expressed originally ran very real dangers of e.g. libellous statements being made on the back of speculation, and a real risk of inadvertent (or otherwise) implicit identification of the borrower / associated individuals to which those statements could be associated. This was too big a risk to the forum. This led to the setting up of the private board in liasion with AC which allowed a more open discussion by members and interaction with AC to take place than could otherwise have been allowed. As we are now in a settled situation there is I think no more risk of that happening than with any other forum topic, and any post which breaches forum rules can and will be dealt with in the normal manner. Of course I'm also sure that AC is more than happy to have a successful outcome noted in a public domain, so their own 'suits' (or suit) are not going to be on a potential hair trigger either.
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sl75
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Post by sl75 on Feb 6, 2015 19:16:39 GMT
Has anyone received their outstanding interest? As I understand it, AC have it. They just need to fiddle about with their systems to make sure they can work out how much of it each of us should be paid...
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duck
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Post by duck on Feb 6, 2015 19:23:43 GMT
...... this chappy deserves a little credit. hopefully not needed!
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mikes1531
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Post by mikes1531 on Feb 6, 2015 19:29:02 GMT
Has anyone received their outstanding interest? As I understand it, AC have it. They just need to fiddle about with their systems to make sure they can work out how much of it each of us should be paid... That's my understanding too. And that's very good news. I was simply observing that AH had stated that we lenders have it which, in fact, isn't the case.
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