fasty
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Post by fasty on May 28, 2015 18:02:32 GMT
2 updates for me too today, both using a lot of words to tell me that I shouldn't expect any of my money back.
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markr
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Post by markr on Jun 4, 2015 18:36:07 GMT
Two for me today: 5917 (a C) and 6552 (an A), both have been given "Amber" ratings.
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min
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Post by min on Jun 5, 2015 7:17:00 GMT
Two for me today: 5917 (a C) and 6552 (an A), both have been given "Amber" ratings. Have some of 6552 as well. With weekly defaults for last 3 weeks my Frighteningly Cavalier total has hardly changed in the last month.
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min
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Post by min on Jun 11, 2015 17:39:05 GMT
Frankenstein Castle says that loans 8187, 3512 & 7079 (same borrower) defaulted today. A+ rated, now with a "red" RAG label as the position is uncertain. Borrower must need recharging. Ho hum... You can add 3155 to that list. Only had £8 in it but that's 2 day's growth down the pan - amber- they don't know yet!
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TitoPuente
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Post by TitoPuente on Jun 11, 2015 17:47:05 GMT
Frankenstein Castle says that loans 8187, 3512 & 7079 (same borrower) defaulted today. A+ rated, now with a "red" RAG label as the position is uncertain. Borrower must need recharging. Ho hum... Scary.
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Post by loanstar on Jun 18, 2015 18:14:40 GMT
Usual Fat Clowns weekly sort out, 3790 defaulted today. (why Thursday?) Am I correct, HMRC will allow this lose to be set against this tax years 2015-16 gains/income?
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Post by GSV3MIaC on Jun 18, 2015 21:13:46 GMT
Yes, but only, aiui, when it is a loss. Defaulted and might be some recovery later doesn't qualify.
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wysiati
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Post by wysiati on Jun 18, 2015 21:44:31 GMT
Usual Fat Clowns weekly sort out, 3790 defaulted today. (why Thursday?) Am I correct, HMRC will allow this lose to be set against this tax years 2015-16 gains/income? The HMRC guidelines suggested that this would depend upon when the loan was originated. On that interpretation (outlined/discussed on the TC 'old forum') loan 3790 was originated before the start of the latest tax year and would not qualify.
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markr
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Post by markr on Jun 18, 2015 23:25:04 GMT
Woo Hoo, that's 2 Thursdays in a row for me without any of the dreaded "important update" emails.
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adrianc
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Post by adrianc on Jun 24, 2015 19:16:29 GMT
Not just me reading that into the comment, then? Take the previous mention of how taking security is "always the sticking point", and I was wondering if the problem might be some Faulty Contractual documents around the "guarantee". How can anybody "dispute" a proper guarantee? Ongoing "negotiations" were needing a payment within a week, a month ago...
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blender
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Post by blender on Jun 24, 2015 19:32:38 GMT
The attraction of FC to many borrowers must be that FC does not take real security outside of the limited company, while the attraction to many lenders must be that FC does take a security in the form of a guarantee outside of the company limitation. A recipe for conflict.
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Post by jackpease on Jul 2, 2015 18:30:37 GMT
Well it's been a black thursday for me (again). Is it imagination or are there increasingly amounts of these?
Jack P
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Post by nightmare on Jul 2, 2015 18:44:07 GMT
4088
02 Jul 2015 We are defaulting this loan because a meeting of creditors has been convened for 13 July, whereupon the company will enter insolvent liquidation. We have been in contact with the guarantor and are agreeing a payment plan that will result in monthly payments and the loan being repaid in full over 2 years. We are going to be entering into a formal agreement with the guarantor. On a RAG (Red, Amber, Green) rating system, this loan would be a Green as we anticipate a full recovery within 5 years. An email has been sent to all affected investors.
It'll be just like the strawberries that I grow in my garden, this week they're Green but next week they'll probably be Red.
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Post by GSV3MIaC on Jul 2, 2015 20:54:49 GMT
Well it takes a guarantor several weeks, or even months, to manage a personal bankruptcy. 8>.
To be fair, a few of them do actually pay off the loan, eventually, but more seem to wriggle every which-way to avoid doing so.
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kt
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Post by kt on Jul 2, 2015 21:53:14 GMT
4088 02 Jul 2015 We are defaulting this loan ... How do I see a loan on FC without having had a loan part? Is there a way to view all the loans in a defaulting state? KT
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