ablender
Member of DD Central
Posts: 2,204 
Likes: 555
|
Post by ablender on Mar 30, 2016 10:08:27 GMT
I have 17382 which is late (due 17/3/16).
Also 19623 (due 29/3/16) was not processed and today's 17781 is still processing too.
I wonder if FC are asleep or on strike!
|
|
fasty
Member of DD Central
Posts: 1,038
Likes: 388
|
Post by fasty on Mar 30, 2016 10:29:46 GMT
I have 17382 which is late (due 17/3/16). Also 19623 (due 29/3/16) was not processed and today's 17781 is still processing too. I wonder if FC are asleep or on strike! I believe that the problem is not as simple as the fact that the direct debits don't get made on bank holidays. It seems to precipitate a backlog in processing which takes many days to catch up. My number of pages "processing" seems to have actually grown since yesterday. Not so much asleep, just constipated.
|
|
ablender
Member of DD Central
Posts: 2,204
Likes: 555
|
Post by ablender on Mar 30, 2016 12:14:13 GMT
Gave them a call and a very polite lady told me that she will look into 17382 and promised me an email reply and that a comment will be added.
Re the others, 19623 and 17781, she said that probably it is just the time needed to process them, (possibly as much as 5 days).
|
|
jamesc
Member of DD Central
Posts: 447
Likes: 253
|
Post by jamesc on Mar 30, 2016 14:38:58 GMT
For ABLENDER 17382 just paid and offers on sm at 0%
|
|
fasty
Member of DD Central
Posts: 1,038
Likes: 388
|
Post by fasty on Apr 5, 2016 13:10:40 GMT
"E" 21795 : It's a whopper, £261,620 so may take a while to fill!
I suspect that this may be another that never gets drawn down, but you never know...
EDIT : Credit where credit is due: At least the borrower is bothering to answer questions.
|
|
jamesc
Member of DD Central
Posts: 447
Likes: 253
|
Post by jamesc on Apr 5, 2016 13:21:01 GMT
Looks to good to be true. Previously had one of the early FC loans A at 8.9% as far as I can see company looks the same. Either FC know something or have misclassified. In any event I think you are right Fasty and it wont draw down and so dead money. However if it does draw down I would be very worried as to why such a successful looking company would be prepared to pay 18% !!!
|
|
fasty
Member of DD Central
Posts: 1,038
Likes: 388
|
Post by fasty on Apr 5, 2016 13:26:16 GMT
Looks to good to be true. Previously had one of the early FC loans A at 8.9% as far as I can see company looks the same. Either FC know something or have misclassified. In any event I think you are right Fasty and it wont draw down and so dead money. However if it does draw down I would be very worried as to why such a successful looking company would be prepared to pay 18% !!! There seems to be a fair amount of recent debt, could that be the reason for the "E" award?
|
|
jamesc
Member of DD Central
Posts: 447
Likes: 253
|
Post by jamesc on Apr 5, 2016 13:33:03 GMT
Including a very recent TC loan (should that have been disclosed). Not a TC member so not able to get details.
|
|
|
|
Post by bonfemme on Apr 6, 2016 11:00:11 GMT
£104k E available 36 months
|
|
|
|
Post by longjohn on Apr 6, 2016 11:58:21 GMT
£104k E available 36 months 40 year old business, credit score over 80 for the last year, decent profits (after loss last year) and £585K in assets. Beats most A+ loans. Very odd. Wonder what we can't see? John
|
|
am
Posts: 1,495
Likes: 601
|
Post by am on Apr 6, 2016 12:34:18 GMT
£104k E available 36 months 40 year old business, credit score over 80 for the last year, decent profits (after loss last year) and £585K in assets. Beats most A+ loans. Very odd. Wonder what we can't see? John Turnover fell last year, and if not affected by seasonality is still falling. A falling turnover would normally be reflected by a reduced need for working capital, so one suspects either difficulty in making sales (resulting in a rise in the value of stocks) or in being paid (resulting in a rise in the value of the debtors book). Balance sheet fell by more than the posted loss so presumably they're taking money out in dividends. (If the directors depend on dividends for their income the profit level looks less rosy.) But it's filled anyway.
|
|
adrianc
Member of DD Central
Posts: 10,019
Likes: 5,147
|
Post by adrianc on Apr 6, 2016 14:04:55 GMT
...and probably won't draw down.
|
|
|
|
Post by cassiopeia on Apr 6, 2016 16:15:22 GMT
40 year old business, credit score over 80 for the last year, decent profits (after loss last year) and £585K in assets. Beats most A+ loans. Very odd. Wonder what we can't see? John Turnover fell last year, and if not affected by seasonality is still falling. A falling turnover would normally be reflected by a reduced need for working capital, so one suspects either difficulty in making sales (resulting in a rise in the value of stocks) or in being paid (resulting in a rise in the value of the debtors book). Balance sheet fell by more than the posted loss so presumably they're taking money out in dividends. (If the directors depend on dividends for their income the profit level looks less rosy.) But it's filled anyway. Which begs the question, what does the credit score measure. No allowance for essential factors such as projected sales & profits?
|
|
|
|
Post by cassiopeia on Apr 6, 2016 16:17:37 GMT
...and probably won't draw down. Why?
|
|
adrianc
Member of DD Central
Posts: 10,019
Likes: 5,147
|
Post by adrianc on Apr 6, 2016 16:19:49 GMT
...and probably won't draw down. Why? For the same reason as a high percentage of Es don't - the rate's higher than they thought they'd be offered, so it's suddenly expensive money. If it IS drawn down, then it means that a business which looks relatively low-risk must have some reason why they can't access funds at sensible rates. Which, to me, sounds the "RUN AWAY" trumpet loudly.
|
|
