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Post by goldservice on Aug 6, 2015 17:22:10 GMT
... (BTW I do have a strict 'no more defaults' policy.) That's my policy too - just looking for the plan ...
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blender
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Post by blender on Aug 6, 2015 19:22:54 GMT
... (BTW I do have a strict 'no more defaults' policy.) That's my policy too - just looking for the plan ... You just need absolute faith, goldservice. Believe, and your loans will not default.
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adrianc
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Post by adrianc on Aug 6, 2015 20:06:12 GMT
You just need absolute faith, goldservice. Believe, and your loans will not default. Do you provide any kind of money-back guarantee on that? Obviously, we all believe that it won't be needed, so it should be really simple to offer one. Right?
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fasty
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Post by fasty on Aug 6, 2015 21:51:47 GMT
That's my policy too - just looking for the plan ... You just need absolute faith, goldservice. Believe, and your loans will not default. My faith is being tested by my first bundle of "E" rated loan parts which are due their first payment but have been dawdling in a "processing" state for a suspiciously long time.
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blender
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Post by blender on Aug 6, 2015 22:28:01 GMT
It will just be 'technical difficulties'. Failure to make the first repayment has in the past resulted in FC taking some responsibility. It is a 'credit event' and 'risk band removed' that you have to worry about. That ends in tears. I have two E loans, which are not due yet.
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blender
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Post by blender on Aug 6, 2015 22:31:47 GMT
You just need absolute faith, goldservice. Believe, and your loans will not default. Do you provide any kind of money-back guarantee on that? Obviously, we all believe that it won't be needed, so it should be really simple to offer one. Right? Asking about a guarantee just shows that you have no faith, adrianc, in which case I would be stupid to offer the guarantee. It's a providential provision fund you need.
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min
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Post by min on Aug 10, 2015 8:36:20 GMT
Some close calls today which may result in Full-on Collision having to delve deeply behind the sofa to find some serious cash or will we see these being withdrawn and re-published with smaller tranches?
14718 A+ 8% 2% cb has £140,000 to go in 5 hours 14719 A+ 8% 1% cb has almost £90,000 to go in 5½ hours 14736 A+ 8% 3% cb has over £170,000 to go in 9 hours
Total required around £400,000
Watch this space!
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adrianc
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Post by adrianc on Aug 10, 2015 8:44:07 GMT
14718 A+ 8% 2% cb has £140,000 to go in 5 hours Tranche 1, £420k of £1.2m. Tranche 1. £315k of £606k. Tranche SIX... £410k of £2.2m, £1.5m already out there... I think we can guess where the Frantic Clicking's going to be.
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blender
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Post by blender on Aug 10, 2015 9:16:13 GMT
14718 A+ 8% 2% cb has £140,000 to go in 5 hours Tranche 1, £420k of £1.2m. Tranche 1. £315k of £606k. Tranche SIX... £410k of £2.2m, £1.5m already out there... I think we can guess where the Frantic Clicking's going to be. And the work experience students are probably on holiday. Let's hope they have drafted in some interns with fresh young fingers. They are not going to be happy with the result of the 3% offer.
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SteveT
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Post by SteveT on Aug 10, 2015 9:19:20 GMT
I'll commit to bidding another £20 if they up the CB to 4%
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min
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Post by min on Aug 10, 2015 13:54:32 GMT
14718 A+ 8% 2% cb has £140,000 to go in 5 hours Tranche 1, £420k of £1.2m. Tranche 1. £315k of £606k. Tranche SIX... £410k of £2.2m, £1.5m already out there... I think we can guess where the Frantic Clicking's going to be. 14718 crossed the line with a lot of support from Frantic Clickers. 14719 looks in trouble. £85,000 to go in 15 minutes and no sign of Freestyle Capers.
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min
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Post by min on Aug 10, 2015 14:13:32 GMT
14718 is an existing borrower (Melling) so I guess they want to keep them happy. Presumably 14719 isn't an existing borrower - it didn't fly and wasn't given a parachute.
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SteveT
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Post by SteveT on Aug 10, 2015 14:20:54 GMT
Frantic Conscriptions have just given 14736 a last minute push via communication email
[Further thought: Having done so, it will now be a little odd if they don't ensure the tranche completes ...]
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markr
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Post by markr on Aug 10, 2015 14:53:32 GMT
It seems to me that whether a loan fully funds depends on factors completely unrelated to the quality of the loan offering, tranche size, amount of cashback, how much other stuff is available, etc. As a borrower, it must be annoying to be told by Fickle Creatures, "Sorry our lenders didn't like your proposal, bye bye", when half an hour earlier they'd been pouring tens of thousands of their own funds into someone else's loan. I can understand the need for Fast Clicking Provides Funds to ensure subsequent tranches don't fail, but their approach to first tranches is mysteriously inconsistent.
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Post by nickthefool on Aug 10, 2015 16:00:47 GMT
Frantic Conscriptions have just given 14736 a last minute push via communication email [Further thought: Having done so, it will now be a little odd if they don't ensure the tranche completes ...] Looks like it has worked - only 22k still required with nearly 2 hours to go. I don't think FC have put any in yet.
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