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Post by ablrate on Jul 8, 2015 11:42:34 GMT
Hi Guys
Status updated at CH as accountants have filed extension.
Regards Ablrate
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Post by ablrate on Jul 9, 2015 12:31:47 GMT
Hi Guys
We will be preparing a list of loans coming onto the platform and email that to everyone. This will be done on Monday afternoon when we have finished some of the maths and paperwork. We also have a blog post coming up that explains what our origination is like going forward.
Regards Ablrate
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blender
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Post by blender on Jul 9, 2015 15:08:00 GMT
Hi Guys We will be preparing a list of loans coming onto the platform and email that to everyone. This will be done on Monday afternoon when we have finished some of the maths and paperwork. We also have a blog post coming up that explains what our origination is like going forward. Regards Ablrate That's good and assuming that it will be Monday July 13, could you also do something about this promise posted on 29th June: "ATR Loan This has been with underwriters and we will have an update this week, extra Instant Return will be paid on drawn down and you will be able to trade the loan on the Secondary Market when this closes." Some of us might be tempted to think this is a failed loan (just over 10% subscribed) and the bad news is being delayed. It says awaiting borrower approval but it seems it is with underwriters. Perhaps for 90% they want a first charge? Your chance to give the true position.
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Post by ablrate on Jul 9, 2015 15:35:55 GMT
Hi Blender
We apologise that this has taken so long. The particular underwriter we are talking to on this loan is looking at a number of other loans that we have put to him, with a view to making a large commitment. We also are looking at a different structure for all aircraft loans going forward, which is in the process of being set up and agreed. We have a meeting with the underwriter on Monday and will know for certain during next week if they are going ahead (it was due for today, but the Tube strike put the kibosh on that). We are confident it is done, but regardless of the outcome we will still be paying all lenders in the loan their instant returns, one way or the other this will be sorted next week.
Regards Ablrate
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blender
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Post by blender on Jul 9, 2015 20:20:19 GMT
Thank you for the prompt and clear reply.
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iren
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Post by iren on Jul 11, 2015 11:02:44 GMT
There is now a new loan available on the site. I became the first person to bid on it, in the early hours this morning.
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Post by ablrate on Jul 11, 2015 11:21:17 GMT
There is now a new loan available on the site. I became the first person to bid on it, in the early hours this morning. Hi We are very sorry, that loan is issued in error. I will put up an explanation in a separate thread. Regards Ablarte
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pom
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Post by pom on Jul 11, 2015 11:25:56 GMT
Error in that it was too early, or shouldn't have been posted at all? So more importantly, will you be re-crediting the money invested or holding it there til it does go live for real?
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Post by ablrate on Jul 11, 2015 11:59:13 GMT
Error in that it was too early, or shouldn't have been posted at all? So more importantly, will you be re-crediting the money invested or holding it there til it does go live for real? Hi Pom Just sending an email to everyone explaining and each individual bidder. The loan came to us and was ready to go, so we set a marketing date. It was then suspended because the company bought the business that they were going to finance the purchase of equipment, we left it up there as it may be coming to us as a sale and leaseback, but we did not change the marketing date, so it went live automatically. W will re-credited all accounts on Monday we a little compensation for our cock-up! Sorry for the error... Regards Ablrate
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pom
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Post by pom on Jul 11, 2015 13:53:53 GMT
Any chance you could make a few more errors like that? The "compensation" sure beats any interest rates out there Thanks for the speedy explanations
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Post by ablrate on Jul 13, 2015 8:43:22 GMT
Any chance you could make a few more errors like that? The "compensation" sure beats any interest rates out there Thanks for the speedy explanations Hi pom lol.... lets hope not. Again, truly sorry for the error... on the plus side, at least we know that scheduled loans do go live on the marketing date set in the system without any interference from us..... Too soon ablrateandy? OK... I will go back to the naughty corner. Regards Ablrate
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jonno
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nil satis nisi optimum
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Post by jonno on Jul 13, 2015 8:50:32 GMT
Any chance you could make a few more errors like that? The "compensation" sure beats any interest rates out there Thanks for the speedy explanations Hi pom lol.... lets hope not. Again, truly sorry for the error... on the plus side, at least we know that scheduled loans do go live on the marketing date set in the system without any interference from us..... Too soon ablrateandy? OK... I will go back to the naughty corner. Regards Ablrate This error has caused me worry and concern and sleepless nights and stress and possibly PTSD.Can I have some compo please
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Post by ablrateandy on Jul 13, 2015 9:26:18 GMT
The gutting bit is that I called the boss and shut the loan down. What I should have done is invested a load of money, called the boss and got the compensation too!
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SteveT
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Post by SteveT on Jul 13, 2015 10:30:06 GMT
My Dashboard says that my "Next Instalment Date" is 06/07/2015, which is a week ago now. I'm assuming this relates to an overdue payment of "Instant Returns" on the "ATR 42-500 to Government Owned Airline (Refinance)" loan that has yet to complete. Please can you confirm?
Also, when do you think that the Dashboard figures will reconcile (ie. the "All Interest Earned" figure operating correctly, and ideally a "Total Account Funds" figure added)?
Thanks
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Post by ablrate on Jul 13, 2015 12:15:54 GMT
My Dashboard says that my "Next Instalment Date" is 06/07/2015, which is a week ago now. I'm assuming this relates to an overdue payment of "Instant Returns" on the "ATR 42-500 to Government Owned Airline (Refinance)" loan that has yet to complete. Please can you confirm? Also, when do you think that the Dashboard figures will reconcile (ie. the "All Interest Earned" figure operating correctly, and ideally a "Total Account Funds" figure added)? Thanks Hi Stevet We are working on that right now and will have definitive news on the ATR loan as to when the instant returns are paid. The dashboard figures are part of an upgrade we are scheduled to get done this week. We have been working with developers to make sure his is correct now and calculates correctly going forward. The financial statements are correct so we are looking to have those as the drivers for that number, there are also a couple of small updates on the SM that will be going live shortly (dealing with amendments of bids). Regards Ablrate
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