pip
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Post by pip on Feb 28, 2017 11:02:45 GMT
Can this one be written off as a bad debt please. No payment since Feb of last year - for whatever reason it clearly is not looking great - obviously continue to chase the debt please but the end of the tax year looms and I'm sure there are people with more cash than me in this one ! I have already asked them to make this bad debt. On any metric this should have been defaulted about 9 months ago. Apparently they are going to review before end of financial year.
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registerme
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Post by registerme on Apr 1, 2017 11:05:41 GMT
Apparently "strong offers" have been received for the security. I'm a little sceptical.
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ablender
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Post by ablender on Apr 1, 2017 11:23:16 GMT
Apparently "strong offers" have been received for the security. I'm a little sceptical. You are sceptical. I am Septical too about this loan.
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registerme
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Post by registerme on May 2, 2017 16:10:41 GMT
The guy seems slippery, oh actually no make that clearly somebody who plays the system. He owns a new company advising on dealing with keeping creditors at bay!!!! Cross-posted from another thread, but pip , is that for real?
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pip
Posts: 542
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Post by pip on May 2, 2017 21:39:12 GMT
The guy seems slippery, oh actually no make that clearly somebody who plays the system. He owns a new company advising on dealing with keeping creditors at bay!!!! Cross-posted from another thread, but pip , is that for real? Unfortunately so check out the directors linked in. Company G****s. Check out the description: We offer free advice to company owners who are looking for idea's and advice on how to get through the daily challenges of running a business. - Personal Liabilities advice - Recruitment - Increasing Sales - Funding & financing - Business Rescue - Turnaround - Mergers - Administration - Pre Pack Administration - Company Voluntary Arrangements - Dealing with Winding up petitions - Adjournments and court representation - Time to Pay Arrangements
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registerme
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Post by registerme on May 2, 2017 22:14:37 GMT
lendingcrowd, it would be interesting to hear your thoughts re this.
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registerme
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Post by registerme on Jun 8, 2017 12:52:16 GMT
Hi lendingcrowd, I've just received the most recent update. The first payment for this "B" rated loan was due, and paid on the 12th September 2015. They made the next payment on time, the following three payments were late, with the last payment received on the 29th January 2016. Out of twenty four scheduled payments they made five. Please can you explain the "loan payments for * * * M********** Ltd are now 120 days overdue...." comment? Please can you also explain how and why it has taken Lending Crowd roughly 18 months (ie closer to 547 days) to default the loan? Many thanks, RM |
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kaya
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Post by kaya on Jun 8, 2017 13:04:55 GMT
If you are hoping for a reply from lendingcrowd on this forum registerme ...... then I trust you have the patience to wait.....and wait....and wait....until you are dead. |
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ablender
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Post by ablender on Jun 8, 2017 13:58:12 GMT
Hi lendingcrowd , I've just received the most recent update. The first payment for this "B" rated loan was due, and paid on the 12th September 2015. They made the next payment on time, the following three payments were late, with the last payment received on the 29th January 2016. Out of twenty four scheduled payments they made five. Please can you explain the "loan payments for * * * M********** Ltd are now 120 days overdue...." comment? Please can you also explain how and why it has taken Lending Crowd roughly 18 months (ie closer to 547 days) to default the loan? Many thanks, RM I believe that lendingcrowd are facilitating people to default on their loan commitments, and if lendingcrowd has any objections to my view I challenge them to come here and air their view.
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Post by trentenders on Jun 15, 2017 19:33:48 GMT
From Rightmove:
"This property has been removed by the agent.
It may be sold or temporarily removed from the market"
From Zoopla:
"Previously listed for sale on 2nd Dec 2016
£625,000 - 4 bed detached house"
I can't see that the price was ever dropped in January (as claimed by LC). It's also no longer listed on Zoopla or Rightmove, so one would have to question how much effort Mr SJC is putting into selling it - I am, of course, assuming that he hasn't removed the listings due to having accepted an offer (lolz).
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Post by dan1 on Jun 15, 2017 19:47:53 GMT
I can't see that the price was ever dropped in January (as claimed by LC). It's also no longer listed on Zoopla or Rightmove, so one would have to question how much effort Mr SJC is putting into selling it - I am, of course, assuming that he hasn't removed the listings due to having accepted an offer (lolz). I'm not on LC but you could try www.home.co.uk for the price history.
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Post by laidbackgjr on Jun 16, 2017 7:27:37 GMT
According to www.home.co.uk the property is Sold STC - so let's hope lending crowd are well aware of this. The price history does show they dropped the asking price from £650,000 to £625,000 in Jan 2017. |
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Post by laidbackgjr on Jul 4, 2017 15:59:08 GMT
Latest comment from LC
The first charge holder of the Guarantor's property has gained a repossession order. We would anticipate that matters will now move forward with the sale of the property. We are in close contact with the relative party who are fully aware of our interest in the property via our charging order. We will keep you informed with developments.
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registerme
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Post by registerme on Oct 12, 2017 1:10:18 GMT
On the 15th September I emailed LC asking for an update on this loan. I used the expression "it's been a while", which was polite speak for "it's been a geological era". The response I received was "Thanks for chasing us on this. I have been advised there has been a development - there will be an update posted today / tomorrow".
The actual update, made available on the 21st September, was... underwhelming.
Asset security? Check.
Director guaranteed? Check.
Last interest payment? 20160129 (late).
First charge holder action, gaining a repossession order - 20170704.
Current status "wibble" - 20171012
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ablender
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Post by ablender on Oct 13, 2017 15:23:22 GMT
What's a wibble?
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