ablender
Member of DD Central
Posts: 2,204 
Likes: 555
|
Post by ablender on Mar 12, 2016 23:13:47 GMT
La D*I* Ltd; rebsrep: What are the latest news on this one? There were rumours about a payment holiday. Is this what is going to happen? |
|
|
|
Post by rebsrep on Mar 13, 2016 20:12:25 GMT
La D*I* Ltd; rebsrep : What are the latest news on this one? There were rumours about a payment holiday. Is this what is going to happen? If you read the discussion thread on the loan details you'll see our detailed response to this issue. However in short: The second director (and the 1st Directors partner) has been diagnosed with a terminal illness and that this has been a reason for the delayed payment this month.
Traditionally the 2nd Director managed the business payments and finances. We are told that he does not have access to the online banking and is unable to make the payment and was unable to confidently let us know when this would occur, and as such has enquired about whether we could agree to a repayment holiday so as to prevent any further action
We did point out that should the standing order have been in place as it was previously, this would not have been a problem.
The next repayment is due on the 15th, we have proposed the following:
- Repayment Holiday until 15/03/2016 (next repayment date)
- Daily interest will accrue until payment made.
- Accrued interest and above fees will be payable on 15/03/2016 if not received before
Failure for the above to be met will result in us calling in the loan and executing the security.
This proposal has been put to Mr G in writing and waits his acceptance.
As in any extenuating circumstance, we have also requested that Mr G kindly evidence their current situation so that we may be confident in the news we have been given.
Given the developments of today we will liaise with our solicitors to ensure that your interests are protected in all potential situations that may now arise.As you can see we've posted a clear and detailed descriptin of what we are going to do after March 15th ie. Wednesday. We believe that extremely extenuating circumstances like this are ones where rebs should act in a fair and understanding way.
|
|
ablender
Member of DD Central
Posts: 2,204
Likes: 555
|
Post by ablender on Mar 13, 2016 21:58:56 GMT
rebsrepMy sympathies for the directors for this sad and difficult moment in their lives. What you have described makes things a bit clearer. I do not find the threads on the discussion pages of the loans very easy to follow. Related to this, can you please tell me in which thread you have posted "a clear and detailed descriptin of what we are going to do after March 15th ie. Wednesday"? What is the date of the post?
|
|
|
|
Post by rebsrep on Apr 15, 2016 11:15:00 GMT
This loan has now been redeemed in full to all lenders. So good news.
|
|
shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
|
Post by shimself on Apr 18, 2016 8:48:27 GMT
rebsrep What you have described makes things a bit clearer. I do not find the threads on the discussion pages of the loans very easy to follow. ... Rebrep there is still an improvement request for the date of each post on the discussion to be displayed, and or the discussion to be in order of latest post. And or an option for all threads to be expanded. I dont think any of these sound like a big deal, it's just display no data is changed so it's not "hazardous", can you please ask for some action, some discussion pages are practically unusable.
|
|
|
|
Post by rebsrep on Apr 18, 2016 14:13:53 GMT
rebsrep What you have described makes things a bit clearer. I do not find the threads on the discussion pages of the loans very easy to follow. ... Rebrep there is still an improvement request for the date of each post on the discussion to be displayed, and or the discussion to be in order of latest post. And or an option for all threads to be expanded. I dont think any of these sound like a big deal, it's just display no data is changed so it's not "hazardous", can you please ask for some action, some discussion pages are practically unusable. We're aware of this as one of literally 100's of small improvements. However we are focus sing our resources on 2 new 'products' to attract better security i.e. better loans and to improve secondary market liquidity.
|
|
shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
|
Post by shimself on Apr 18, 2016 18:34:07 GMT
We're aware of this as one of literally 100's of small improvements. However we are focus sing our resources on 2 new 'products' to attract better security i.e. better loans and to improve secondary market liquidity. Sure but they don't sound like software projects, and I repeat the point that changes which don't affect the data can be undertaken with comparative freedom and promptess. Look at MT for example, or even this forum, where changes can be done inside a day.
|
|
|
|
Post by rebsrep on Apr 18, 2016 21:10:56 GMT
We're aware of this as one of literally 100's of small improvements. However we are focus sing our resources on 2 new 'products' to attract better security i.e. better loans and to improve secondary market liquidity. Sure but they don't sound like software projects, and I repeat the point that changes which don't affect the data can be undertaken with comparative freedom and promptess. Look at MT for example, or even this forum, where changes can be done inside a day. I assure you they are both software products. There are over 600 development tasks on our internal systems. Many won't make it to fruition as it's also a repository for ideas that need assessment. However many of them are "within a day" as you say tasks. But we have to prioritise to those that the majority of lenders & borrowers are asking for. I wish I could tell you what the 2 new big ideas are but obviously can't for commercial reasons plus we need to run both past lawyers and ensure the wording is FCA compliant and all that takes time and people.
|
|
