number5
Member of DD Central
Posts: 449
Likes: 98
|
Post by number5 on Nov 6, 2020 10:50:49 GMT
Yes we are working on an update, should be out soon. Basiaclly we are negotiating a potential sale so we want to be able to updte with material information 2 more weeks and still no updates ? I was frustrated to hear an 'update' on the video last week "we are waiting for the valuation" again!
|
|
brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
Posts: 398
Likes: 412
|
Post by brianlom1 on Nov 6, 2020 16:22:19 GMT
1000076 and 1000087 please
|
|
Balder
Member of DD Central
Posts: 646
Likes: 622
|
Post by Balder on Nov 9, 2020 12:20:36 GMT
|
|
Balder
Member of DD Central
Posts: 646
Likes: 622
|
Post by Balder on Nov 10, 2020 19:46:45 GMT
|
|
|
Post by ladywhitenap on Nov 10, 2020 19:53:18 GMT
Did you see the admin note? borrower contacted etc LW
|
|
|
Post by Badly Drawn Stickman on Nov 10, 2020 20:11:15 GMT
Did you see the admin note? borrower contacted etc LW They do seem to need 'reminding' on a fairly regular basis on this group of loans. Not that I am in many so it may be a misleading impression, perhaps they could be reminded prior to forgetting?
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Nov 11, 2020 9:57:33 GMT
It would be easier to have an admin note automatically created for all unpaid loans at the end of the due payment day: 'The funds have not been received in time for payment on the due date. We will investigate the reason immediately'. Rather like the old FC status 'processing', but so much more informative.
|
|
Balder
Member of DD Central
Posts: 646
Likes: 622
|
Post by Balder on Nov 11, 2020 10:32:01 GMT
Did you see the admin note? borrower contacted etc LW Yes I did and I noted (unlike previous with this borrower) the note contained no quote from the borrower. I believe to date they have normally paid the following day when late - this hasn't happened this time and no further update has yet been provided by Ablrate.
|
|
|
Post by ladywhitenap on Nov 11, 2020 10:53:13 GMT
It would be easier to have an admin note automatically created for all unpaid loans at the end of the due payment day: 'The funds have not been received in time for payment on the due date. We will investigate the reason immediately'. Rather like the old FC status 'processing', but so much more informative. The problem with an automated email is that it is automatic which can mean that no one at ABL is doing anything about it. At least a manual admin note indicate some awareness of an issue. LW
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Nov 11, 2020 12:43:06 GMT
It would be easier to have an admin note automatically created for all unpaid loans at the end of the due payment day: 'The funds have not been received in time for payment on the due date. We will investigate the reason immediately'. Rather like the old FC status 'processing', but so much more informative. The problem with an automated email is that it is automatic which can mean that no one at ABL is doing anything about it. At least a manual admin note indicate some awareness of an issue. LW They will be aware of all non-payments, and they should not need to tell us that. There are not hundreds of loans repaying per day. The manual no-information note is just the same as the auto note. It could be auto-signed to make it look more manual.
|
|
Balder
Member of DD Central
Posts: 646
Likes: 622
|
Post by Balder on Nov 11, 2020 18:07:34 GMT
ablrate How about an update on 89 Ablrate , they have never been this late before - should we expect all the others to the same lender to now follow. Communication void is causing speculation!
|
|
withnell
Member of DD Central
Posts: 550
Likes: 491
|
Post by withnell on Nov 11, 2020 19:37:39 GMT
ablrate How about an update on 89 Ablrate , they have never been this late before - should we expect all the others to the same lender to now follow. Communication void is causing speculation! The one due Monday (ie after 89) paid on time - so sounds like an admin error, but would have hoped it would have been sorted by now
|
|
|
Post by Badly Drawn Stickman on Nov 11, 2020 21:18:02 GMT
ablrate How about an update on 89 Ablrate , they have never been this late before - should we expect all the others to the same lender to now follow. Communication void is causing speculation! The one due Monday (ie after 89) paid on time - so sounds like an admin error, but would have hoped it would have been sorted by now I'm feeling strangely reasonable today....... I suspect going back to the 'lockdown' status and working from home aligned to ASMX apparently having a few problems at the weekend has probably changed priorities a bit. I'm sure it will be resolved soon, it would seem a little illogical for a later one to pay and this one not. Normal service regarding reasonableness will resume tomorrow.
|
|
dh1
Member of DD Central
Posts: 392
Likes: 405
|
Post by dh1 on Nov 12, 2020 19:21:56 GMT
I can't resist contributing a couple of facts... Sorry in advance!
Looking at last 12 payments for each of the 8 Always Cheerful and Incisive loans, out of the 96 payments:
44 were made on time
23 were 1 day late
14 were 2 days late and
15 were more than 2 days late.
None have apparently been more than 7 days late. Well, until now that is where we have a frontrunner which is 9 days late and counting....
There seems to be no real pattern between loans; all have been 1 day late at least once; all except one have been 2 days late at least once; all except (another) one have been more than 2 days late at least once.
Go figure!
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Nov 12, 2020 22:38:34 GMT
I can't resist contributing a couple of facts... Sorry in advance!
Looking at last 12 payments for each of the 8 Always Cheerful and Incisive loans, out of the 96 payments:
44 were made on time
23 were 1 day late
14 were 2 days late and
15 were more than 2 days late.
None have apparently been more than 7 days late.
There seems to be no real pattern between loans; all have been 1 day late at least once; all except one have been 2 days late at least once; all except (another) one have been more than 2 days late at least once.
Go figure!
Have you attempted to correlate the delays with weekends and bank holidays? This is the norm for Ablrate, it's how it works and imperfect. But it's not worth worrying about.
|
|