ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jan 23, 2016 0:56:01 GMT
Full recovery on Boodles necklace pending receipt of auction funds  |
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mikes1531
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Post by mikes1531 on Jan 23, 2016 16:16:18 GMT
Full recovery on Boodles necklace pending receipt of auction funds That's good news. The note on the loan page doesn't indicate how long it might be before the proceeds are received or whether interest continues to accrue. I was involved in one loan that went to auction and the buyer had three weeks afterwards to pay while interest stopped accruing to lenders from the date of the auction. That made a significant dent in the return from that loan, but I still was pleased that the auction was successful so couldn't complain.
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Post by Financial Thing on Jan 23, 2016 16:27:17 GMT
How about those cheeky London parking spaces? Any news?
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webwiz
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Post by webwiz on Jan 23, 2016 17:50:50 GMT
I'm new to FS. Is there any easy way to see what loans have defaulted? Go to past loans under investment menu, change to display 100 loans in list, click on defaulted column until it shows an entry. Entries will be in this order Unreedemed - recovery process begun Recovered - full recovery from asset sale Defaulted - partial recovery (unless FS dipped into pocket) Click on individual loan to read specifics When I looked there were 59. A mixture of cars, jewelry art etc but no properties.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,335
Likes: 11,558
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Post by ilmoro on Jan 25, 2016 19:21:44 GMT
Full recovery on Boodles necklace pending receipt of auction funds That's good news. The note on the loan page doesn't indicate how long it might be before the proceeds are received or whether interest continues to accrue. I was involved in one loan that went to auction and the buyer had three weeks afterwards to pay while interest stopped accruing to lenders from the date of the auction. That made a significant dent in the return from that loan, but I still was pleased that the auction was successful so couldn't complain. Repaid today I see. As did sword
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paulgul
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Post by paulgul on Feb 24, 2016 8:34:18 GMT
Looks like we can add 2198963072 (London Parking Spaces) to this thread  |
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Feb 26, 2016 19:50:08 GMT
I hope FS make up any shortfall on loan 2930007099. It could have been sold to the motor-trader weeks ago. If the price of fuel rises this will be a dodo.
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mikes1531
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Post by mikes1531 on Mar 6, 2016 18:14:24 GMT
South Wales Property (1442701959) had an Expected End Date of 6/Feb. On 19/Feb, FS said that they had granted the borrower a 30-day extension. Have fundingsecure ever indicated when the 30 days started? If it was 6/Feb, then the new end date would be tomorrow. If it was 19/Feb then the borrower still has another couple of weeks. Also, the rationale for this loan was "The funds will be used to continue to refurbish and renovate the hotel, leisure centre and garden rooms, increasing both the value and the income." I don't suppose anyone other than FS -- and possibly not even them -- have any idea whether the work has been done. |
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hendragon
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Post by hendragon on Mar 7, 2016 15:56:02 GMT
South Wales Property (1442701959) had an Expected End Date of 6/Feb. On 19/Feb, FS said that they had granted the borrower a 30-day extension. Have fundingsecure ever indicated when the 30 days started? If it was 6/Feb, then the new end date would be tomorrow. If it was 19/Feb then the borrower still has another couple of weeks. Also, the rationale for this loan was "The funds will be used to continue to refurbish and renovate the hotel, leisure centre and garden rooms, increasing both the value and the income." I don't suppose anyone other than FS -- and possibly not even them -- have any idea whether the work has been done. I wonder if the date might tie-in with a second loan due to be repaid on 08/03
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mikes1531
Member of DD Central
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Post by mikes1531 on Mar 7, 2016 16:06:08 GMT
South Wales Property (1442701959) had an Expected End Date of 6/Feb. On 19/Feb, FS said that they had granted the borrower a 30-day extension. Have fundingsecure ever indicated when the 30 days started? If it was 6/Feb, then the new end date would be tomorrow. If it was 19/Feb then the borrower still has another couple of weeks. Also, the rationale for this loan was "The funds will be used to continue to refurbish and renovate the hotel, leisure centre and garden rooms, increasing both the value and the income." I don't suppose anyone other than FS -- and possibly not even them -- have any idea whether the work has been done. I wonder if the date might tie-in with a second loan due to be repaid on 08/03 Perhaps. There are no comments on that loan at the moment, but I suppose that's not surprising considering it isn't due until tomorrow.
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Post by earthbound on May 15, 2016 11:11:26 GMT
I reckon in a week or so you may be able to add boatymcboatface to the list as well , the slippery fish in the Scottish boatyard.  No idea what I'm smiling about ...he owes me a lot of Scottish pound notes. Edit... you can this one to the defaulted list now. |
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kaya
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Post by kaya on May 16, 2016 10:17:58 GMT
Didn't you know? These are only worth 50p.
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11025
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Post by 11025 on May 17, 2016 10:35:27 GMT
Didn't you know? These are only worth 50p. Many a true word spoken in jest ! 
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09dolphin
Member of DD Central
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Post by 09dolphin on May 19, 2016 16:39:15 GMT
South Wales property
I note the update re the 1st loan (delay in payment but it is expected by the end of this week). No update for 2nd loan. I assume this borrower intends to repay 1st loan by the end of the week as per the update and, as there is no update for the 2nd loan, should we assume that the update on 13/05 still applies. Specifically that there will be repayment on 16th or 17th of this month!!!!!!
Makes me wonder if this borrower is a relative of Boaty McBoatface.
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Post by mrclondon on May 19, 2016 17:39:02 GMT
South Wales property
I note the update re the 1st loan (delay in payment but it is expected by the end of this week). No update for 2nd loan. I assume this borrower intends to repay 1st loan by the end of the week as per the update and, as there is no update for the 2nd loan, should we assume that the update on 13/05 still applies. Specifically that there will be repayment on 16th or 17th of this month!!!!!!
Makes me wonder if this borrower is a relative of Boaty McBoatface.
I think with these its a case of keeping finger and toes firmly crossed. The recent reviews of the hotel are uniformly dire - essentially all caused by hopelessly inadequate levels of staffing.
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