min
Member of DD Central
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Post by min on Feb 6, 2014 17:14:56 GMT
Just had the dreaded email re 465 (D****lion Des**n and M**k*ting Limited) - 3rd default in a week.
Interestingly it stated, "As you have £23.57 currently lent to this business, which represents 23.57 of your current lending......."
Does no one at FC check what is sent out?
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Post by phlitb on Feb 6, 2014 18:14:10 GMT
An unwelcome hat-trick for me today, this one plus:
1322 C*** ** king
1360 N*** y**r e*****ished c****n*
Can anyone top that?
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mikeb
Posts: 1,052
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Post by mikeb on Feb 6, 2014 18:36:38 GMT
Just had the dreaded email re 465 (D****lion Des**n and M**k*ting Limited) - 3rd default in a week. Interestingly it stated, "As you have £23.57 currently lent to this business, which represents 23.57 of your current lending......." Does no one at FC check what is sent out? Oh yes, it used to say "Which represents 0.2% of your lending" ... oops, mail-merge error.
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Post by phlitb on Feb 6, 2014 20:14:57 GMT
Looking on the bright side, FC have fixed the "% of your current lending" error in my final (hopefully) default mail of the day.
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min
Member of DD Central
Posts: 604
Likes: 170
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Post by min on Feb 6, 2014 21:21:26 GMT
An unwelcome hat-trick for me today, this one plus: 1322 C*** ** king 1360 N*** y**r e*****ished c****n* Can anyone top that? Had 1360 but thanfully not 1322. Mind you quite a lot in 1360 - actually FC got it right in this instance "0.24% of current lending" Both have positive comments - partial payments are being paid and we expect these to continue.
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markr
Member of DD Central
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Post by markr on Feb 6, 2014 22:38:26 GMT
I had all three in the past but sold all except 1360.
From our point of view, I don't see that defaulting these long-term zombies that were making trickling recovery payments changes all that much. Presumably, FC aren't going to rock the boat that much if the guarantor is making some effort to repay the loan.
One advantage seems to be that for defaulted loans, FC can credit our "Recoveries" account with any amount as and when it is repaid, rather than having to receive "partial payments" that are turned into full payments "in due course". One disadvantage is that our "exposure" seems to be frozen at whatever amount it was at the time of default, so these loans will forever be in our rogues gallery and we have to deep mine the data to find what has been recovered against each loan. Swings and roundabouts!
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