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Post by andrewholgate on Oct 3, 2014 9:22:15 GMT
This is more a stance taken with the introducer of the loan (and others) and promises of refinance that were made an not delivered on. The company were well aware of the position at drawdown yet took no action. I take this to mean that the 1%/week extra interest in the case of default was written into the loan contract. Wow! Default interest rates are always quoted in our loan agreements as part of Treating Customers Fairly. Choosing an arbitrary rate wouldn't be fair.
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Post by chielamangus on Oct 7, 2014 14:59:37 GMT
Have nothing new to add - just inserting this comment so I get an email from the forum when there is some real news. I doubt if AC would email me. There's a lot of money gunged up in various bridging loans so hopefully there will be deluge soon.
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niceguy37
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Post by niceguy37 on Oct 7, 2014 16:06:55 GMT
Have nothing new to add - just inserting this comment so I get an email from the forum when there is some real news. I doubt if AC would email me. There's a lot of money gunged up in various bridging loans so hopefully there will be deluge soon. It will be very interesting to see if AC's firmer stance on some of these bridging loans has an effect, and over what timescales.
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oldgrumpy
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Post by oldgrumpy on Oct 8, 2014 15:45:12 GMT
Update .......err ..... "There is a delay ....." etc I wonder if David has a keyboard shortcut to type those words in a single movement!  |
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ilmoro
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'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 Oct 8, 2014 16:40:25 GMT
Update .......err ..... "There is a delay ....." etc I wonder if David has a keyboard shortcut to type those words in a single movement! Business opportunity there - whole set of bespoke keyboard overlays/software, like you used to get for PC games, specific to each P2P platform with their favourite naughty words preprogramed.
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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
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Post by ilmoro on Oct 10, 2014 9:23:07 GMT
Update .......err ..... "There is a delay ....." etc I wonder if David has a keyboard shortcut to type those words in a single movement! Seems to have found some new shortcuts Update ... issues ironed out ... refinance next week  Are we on a roll?
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mikes1531
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Post by mikes1531 on Oct 10, 2014 11:07:57 GMT
Update .......err ..... "There is a delay ....." etc I wonder if David has a keyboard shortcut to type those words in a single movement! Seems to have found some new shortcuts Update ... issues ironed out ... refinance next week Are we on a roll? I have just checked the AC website and found no new info about this loan. I'm getting rather tired of having to look in multiple different places to find updates. AC really need to make their communication process more consistent. Does the new system address this issue? I sure hope so. We'll find out next week.
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ilmoro
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'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 Oct 10, 2014 11:30:51 GMT
I have just checked the AC website and found no new info about this loan. I'm getting rather tired of having to look in multiple different places to find updates. AC really need to make their communication process more consistent. Does the new system address this issue? I sure hope so. We'll find out next week. Odd they havent updated site. 10am email from DR1 'We were informed yesterday evening that the issues around the valuation have been ironed out and the legal charge is now held by the borrower's solicitor.
He informs us that borrower is due to see him over the weekend to sign this document which should enable refinance to complete next week.
Once we have a more concrete timescale we will let lenders know.'
I agree and have posted more than once that key comms should be in one place only (plus email at same time if applicable) with directive comments in Q&A if relevant. Also hope new site sorts this
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oldgrumpy
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Post by oldgrumpy on Oct 10, 2014 11:34:00 GMT
Someone just bought 6 units off me. I'd forgotten I put them on sale.  |
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Post by chielamangus on Oct 10, 2014 11:38:07 GMT
Well, somebody likes the scrap ends of Hackney, Ipswich, Anglesey etc because all mine were hoovered up last night this morning. Now I have lots of cash but no AC loans that I fancy putting it in. I knew this was going to be a problem, but it's come a week sooner than expected. But better this problem than the reverse.
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bugs4me
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Post by bugs4me on Oct 10, 2014 11:57:55 GMT
Well, somebody likes the scrap ends of Hackney, Ipswich, Anglesey etc because all mine were hoovered up last night this morning. Now I have lots of cash but no AC loans that I fancy putting it in. I knew this was going to be a problem, but it's come a week sooner than expected. But better this problem than the reverse. Same here and pleased to see the back of them. Only got one left in default - L******** BL - does not qualify for the AM. Will now hold and see what opportunities transpire.
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niceguy37
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Post by niceguy37 on Oct 10, 2014 12:26:09 GMT
Someone just bought 6 units off me. I'd forgotten I put them on sale. Sorry - I'd assumed they were intended for sale. If you're bothered I can ask the admin to sell them (the £500 I bought) back to you, but it's probably not worth the hassle since it'll probably be repaid imminently.
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oldgrumpy
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Post by oldgrumpy on Oct 10, 2014 12:29:46 GMT
Someone just bought 6 units off me. I'd forgotten I put them on sale. Sorry - I'd assumed they were intended for sale. If you're bothered I can ask the admin to sell them (the £500 I bought) back to you, but it's probably not worth the hassle since it'll probably be repaid imminently. Eh? Was it you? No, they were meant for sale; (I've still got a grand or so) they'd been up a couple of weeks I think. Thanks for the offer.
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mikeb
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Post by mikeb on Oct 10, 2014 18:45:55 GMT
Well, somebody likes the scrap ends of Hackney, Ipswich, Anglesey etc Most puzzling. Mine hoovered up too, apart from token amounts left in each. Each to his/her own, I suppose
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mikes1531
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Post by mikes1531 on Oct 10, 2014 19:14:19 GMT
Well, somebody likes the scrap ends of Hackney, Ipswich, Anglesey etc Most puzzling. Mine hoovered up too, apart from token amounts left in each. Each to his/her own, I suppose If you're confident the loan will be repaid very soon, and your reinvestment options still will be available when it does, then 18% interest for a few days could sound very attractive. And I see someone who obviously isn't so confident has put some Ipswich up for sale after the last of the previous lot had been snapped up.
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