Steerpike
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Post by Steerpike on Feb 15, 2019 17:47:51 GMT
Much done and much still to do, but a very thorough and detailed update today, putting all other P2P platforms to shame.
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Post by timarchover on Feb 18, 2019 11:37:01 GMT
Thank you for the positive feedback Steerpike, we are trying to be as transparent as possible and any feedback is always greatly appreciated. Is there anything more that you would like to see when it comes to updates? Are there more details that you feel would be useful?
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Steerpike
Member of DD Central
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Likes: 1,680
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Post by Steerpike on Feb 18, 2019 12:01:37 GMT
Thank you for the positive feedback Steerpike , we are trying to be as transparent as possible and any feedback is always greatly appreciated. Is there anything more that you would like to see when it comes to updates? Are there more details that you feel would be useful? I am satisfied with the current process, although it might be somewhat easier to keep track of progress if the updates themselves or at least an update chronology was recorded against the loan on the website, and it is always useful to know roughly when the next update is to be expected.
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Post by roberti on Feb 19, 2019 3:26:21 GMT
Agreed!
HOWEVER, very disappointed with the situation Re-Vent***tion.
Despite being S&I, and the initial hype about 100% recovery, each update brings yet another reality check!!!
So much for S&I..... WHAT A JOKE!!!!!!!!!!!!!!!!!
Shame on you Archover and what a fool me, for trusting in S&I loans
A VERY DISAPPOINTED, client
Future Investors BEWARE
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smee
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Post by smee on Apr 16, 2019 14:14:14 GMT
Another informative update today. Thanks Archover. Steerpike was right, other platforms should take note.
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savernake
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Post by savernake on Apr 16, 2019 20:34:30 GMT
Its all very well sending out informative updates, but what good is that when they never seem to have any progress to report? We still have no idea if or when we are going to get any of our money back. The loans to this borrower were marketed as 'Secured & Insured'. Where is the security? Where is the insurance?
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mary
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Post by mary on May 28, 2019 16:01:59 GMT
Another informative update today. Thanks Archover. Steerpike was right, other platforms should take note.Further quality update. When engaging lawyers everything takes tooo long, but still hopeful of recovery. Have to learn to be patient.
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mary
Member of DD Central
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Likes: 711
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Post by mary on Jul 11, 2019 14:22:39 GMT
Another first rate update from ArchOver, setting a high standard in their tenacity of approach to claims and communications to investors.
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Post by roberti on Jul 11, 2019 15:56:03 GMT
Well and good certainly.... but when is this going to result in a return of our funding? ALSO, ALL seems to have dried up with Ventalution (drawndown 2017) Thinking S&I is meaningless!! Looks good, Sounds Good, Feels Good but in reality....... perhaps worthless Would really like to invest MORE in Archover, but until they achieve A successful recovery/ies to the investors, I will not give them another penny.... Annoyed = Yes Sold a fault sense of security = Yes Believed in Archover = Yes Prepared to reinvest = NO Whilst on the subject of recoveries...... CAN Archover name 1 x successful recovery that they have achieved??? PLEASE enlighten me - THANKS
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archie
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Post by archie on Jul 12, 2019 4:49:07 GMT
Whilst on the subject of recoveries...... CAN Archover name 1 x successful recovery that they have achieved??? PLEASE enlighten me - THANKS R***S&P (6318) is the recovery vehicle for M** E**********. This was an unusual method though.
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Post by Deleted on Jul 12, 2019 8:54:36 GMT
Hi roberti , I am sorry to hear your frustrations. We of course understand that these recovery processes have taken time, and ideally we would have preferred them to have been wrapped up more quickly. These procedures do however take time, and in the case of a business like U* ***M where a probable fraud was committed, you can understand that the business owners are going to be less than forthcoming with providing the appropriate information. As per the latest recovery report for U* ***M, we do believe that we had a solid basis for a claim against L****s, and we therefore hope that this will be expedited in due course and get capital returned to our Lenders. We stand by our recovery procedures and firmly believe that they are some of the most rigorous in this sector compared to our competitors. With V*********n, we do appreciate that the process has been similarly slow, however our recovery certainly hasn't come to a conclusion. With regard to your point about other successful recoveries, there have been a number of businesses which have entered into difficult situations in the past, but thanks to our help, they have not only got back on their feet, but in some cases, we have helped them completely repay their loans. On the subject of the security of our S&I service, we have always made clear across our whole website that the "insured" element refers to the Borrower's accounts receivables, which could then be exercised in the case of a protracted default. Please let me know if you have any further questions. Kind regards,
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Post by captainconfident on Jul 13, 2019 11:54:23 GMT
While I am actively withdrawing from certain other platforms, it is the determined recovery strategies being pursued by Archover that have given me enough assurance that I keep investing here.
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registerme
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Post by registerme on Sept 14, 2019 1:03:09 GMT
Something has happened over yon AC way, but I don't have exposure there (I think)....
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Post by captainconfident on Sept 29, 2019 13:09:49 GMT
Something has happened over yon AC way, but I don't have exposure there (I think).... What happened over there was washing of hands, in mineral water.
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savernake
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Post by savernake on Oct 8, 2019 20:55:34 GMT
This one has gone worryingly quiet recently. It's about time Archover gave us an update on the progress of the claim against L***ds.
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