Post by duck on Nov 12, 2015 5:47:08 GMT
Rather than take this p2pindependentforum.com/thread/3722/when-ac-charge-default-interest thread off at a tangent I thought a new thread might be appropriate.
When the GBBA was started I remember discussions/explanations as to why GBBA lenders were sent voting 'forms', I don't want to go over that ground again.
Since the GBBA has come into existence I have noticed (when the results of votes are published) that the % of 'No Vote' has increased. I have assumed this to be the GBBA effect - lenders such as my partner who have no knowledge of what loans they hold sending the 'form' directly to the bin - but am I correct?
Looking at the spreadsheet that I run for my partners GBBA I note that for the latest vote she currently holds £563.18 (in a well sub 4 figure GBBA). Not a large amount when considered against the value of the loan but I suspect greater than some small MLIA lenders. So potentially she has the same influence in the votes as small (either in total or just for the one loan) MLIA lenders, but her 'agenda' is totally different to mine due to the 'Provision Fund' and capped interest rate.
If she was to start voting she would always go with the pointers contained in the Emails (ignoring my influence) and I would assume most GBBA investors would do exactly the same.
So are GBBA investors having any effect on votes?