archie
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Post by archie on Aug 24, 2017 12:30:45 GMT
The new terms and conditions might hold a clue. Maybe it's a technical default because the LTV has exceed the 70% agreement. Edit : Wrong
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greatmarko
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Post by greatmarko on Aug 24, 2017 12:31:50 GMT
The new terms and conditions might hold a clue. Maybe it's a technical default because the LTV has exceed the 70% agreement. LTV still shown as 70% on defaulted 788
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radar
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Post by radar on Aug 24, 2017 12:33:02 GMT
Has anybody found the update?
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mary
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Post by mary on Aug 24, 2017 12:34:00 GMT
SM is now open
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robski
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Post by robski on Aug 24, 2017 12:41:51 GMT
I am not so sure this should be tradeable on Sat considering
"12.8 Please note that you will not be able to engage on secondary market trading in a Loan which has defaulted."
Would seem to breach T&Cs to allow trading in this loan
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ptr120
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Post by ptr120 on Aug 24, 2017 12:46:59 GMT
After a quick search it would seem that the full planning mentioned in the borrowing proposal hasn't been applied for.
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archie
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Post by archie on Aug 24, 2017 13:33:56 GMT
Edinburgh repaying.
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Aug 24, 2017 15:20:45 GMT
Anybody checked the interest calculation?
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elliotn
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Post by elliotn on Aug 24, 2017 16:47:06 GMT
MoneyThing could you please ensure late loan payments are noted under Support when they occur, these can be updated once received ie to avoid a loan's first update being that it has defaulted.
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Post by geraldine1210 on Aug 24, 2017 19:36:53 GMT
MoneyThing could you please ensure late loan payments are noted under Support when they occur, these can be updated once received ie to avoid a loan's first update being that it has defaulted. I totally agree. It is wrong that we are contendedly sitting invested, thinking (actually not even thinking) about interest payments being paid on time, only to find out that the payments hadn't been paid for a month or two.
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robski
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Post by robski on Sept 12, 2017 7:51:41 GMT
Any update on the 2 supercars, both were supposed to be being sold and had short extensions. One is up Sat, the other shortly afterwards...
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star dust
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Post by star dust on Sept 12, 2017 12:10:41 GMT
A number of loan updates have been added to the site today - you'll need to scroll down past the endless tranches of the latest one to see some of the others under the 'support' tab.
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elliotn
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Post by elliotn on Sept 12, 2017 13:17:27 GMT
Any update on the 2 supercars, both were supposed to be being sold and had short extensions. One is up Sat, the other shortly afterwards... In business it's very normal for some updates to delay or change according to a dynamic environment.
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robski
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Post by robski on Sept 12, 2017 15:40:00 GMT
Any update on the 2 supercars, both were supposed to be being sold and had short extensions. One is up Sat, the other shortly afterwards... In business it's very normal for some updates to delay or change according to a dynamic environment. Granted, although as this is B2C (almost certainly) and with the following in mind, I suggest an update, particularly bearing in mind the expiry date of this loan is probably now or very soon due "15/08/2017 The borrower has a buyer lined up to purchase this car and also the 1990 Lamborghini Countach 25th Anniversary - loan (MTAF692) in the next 7-10 days." 15/08 expected 7-10 days, its now well past that expectation and the sorts of people who would fork out £600k or so on a couple of supercars should have some idea if they have the funds or not. All IMHO of course.
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robski
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Post by robski on Sept 15, 2017 8:14:32 GMT
Any update on the 2 supercars, both were supposed to be being sold and had short extensions. One is up Sat, the other shortly afterwards... Bump, first one due to repay tomorrow!
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