Balder
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Post by Balder on Jan 19, 2021 9:21:38 GMT
ablrate why are you just completely ignoring questions asking for updates on 89? Do you not have any information? Don't you like what you have and are working out how to inform us all? Are you just ignoring us as not important enough to give your time to produce an Admin note? Which is it ablrate?
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blender
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Post by blender on Jan 19, 2021 11:32:31 GMT
ablrate why are you just completely ignoring questions asking for updates on 89? Do you not have any information? Don't you like what you have and are working out how to inform us all? Are you just ignoring us as not important enough to give your time to produce an Admin note? Which is it ablrate ? I think you are right to ask for info on these loans, 38,43,55,73,89,100,110,114, which are not paying if they fell due after 3 Jan - three so far. Plus 114 due today, 55 due tomorrow, and its all the same pot of cash. This is not button pressing, it is a common mode problem. Maybe the cumulative strain of amortisation, maybe just a delay caused by the proposed novation, or maybe the accounts clerk is self isolating. Lack of updates is a concern.
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Post by ablrate on Jan 19, 2021 16:33:45 GMT
More poor communications ablrate . So new admin note on 120 regarding payment made today , then an admin note on 124 referencing the 120 note BUT failing to make any mention that 124 failed to pay anything earlier this month. Is someone off ill? As per the admin note of 22/12/20 - they paid 124 early and its was applied to outstanding payments on that date.
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Post by ablrate on Jan 19, 2021 16:37:43 GMT
RE: “Having leapt to their defence (I sort of tried), realistically a rounding up should not be that big an ask. There is a growing list of outstanding business to be dealt with.”…ABOVE and BEYOND, to their defence! Most probably mentioned in dispatches at Ablrates’ Headquarters, with posts of yours, pinned on all their walls. Well they would if they bothered to check this forum - probably have to be honest just didn't sign in to do so! We do try to keep abreast of this forum... but remember it is not our official customer services portal and is not manned by everyone in customer services.... so if we haven't checked in a while and you haven't had a response, please contact us by email it will reach someone who can help pretty quickly.
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Post by ablrate on Jan 19, 2021 16:38:45 GMT
More poor communications ablrate . So new admin note on 120 regarding payment made today , then an admin note on 124 referencing the 120 note BUT failing to make any mention that 124 failed to pay anything earlier this month. Is someone off ill? As per the admin note of 22/12/20 - they paid 124 early and its was applied to outstanding payments on that date. I am assuming our update in the video assisted with this. We have a conversation later this week with the borrower for an update so will let you know the outcome, but as we have said we do not anticipate these being behind for long.
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Balder
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Post by Balder on Jan 20, 2021 14:13:10 GMT
As you were looking here ablrate I thought you might answer the direct question about 89, can you please? Your video update didn't really spell it out bit like watching Prime Minister's question time.
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blender
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Post by blender on Jan 20, 2021 23:22:21 GMT
As you were looking here ablrate I thought you might answer the direct question about 89, can you please? Your video update didn't really spell it out bit like watching Prime Minister's question time. As the great Sir Elton once said, 'cashflow seems to be the hardest word'.
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Balder
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Post by Balder on Jan 21, 2021 10:03:55 GMT
As you were looking here ablrate I thought you might answer the direct question about 89, can you please? Your video update didn't really spell it out bit like watching Prime Minister's question time. As the great Sir Elton once said, 'cashflow seems to be the hardest word'. Finally admin notes issued 20/01/21. I wonder if the "Bank" is acting on more information than we know - I hope not. I also note no timescales have been given while we lenders continue to fund a free payment holiday. Even under Covid measures for mortgages the missed interest is being added to the Bank loan.
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Jan 21, 2021 10:23:14 GMT
"free payment holiday" ?
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blender
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Post by blender on Jan 21, 2021 11:45:46 GMT
News to me. My interpretation is that the only problem with the bank, now, is lack of sufficient cash in it to make the repayments. The 'aggressive' amortisation may be proving difficult - sounds like a hint to me. Maybe the borrower wants to go back to interest-only for a while, due to lockdown, and will then make up the payments.
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Balder
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Post by Balder on Jan 21, 2021 11:56:59 GMT
News to me. My interpretation is that the only problem with the bank, now, is lack of sufficient cash in it to make the repayments. The 'aggressive' amortisation may be proving difficult - sounds like a hint to me. Maybe the borrower wants to go back to interest-only for a while, due to lockdown, and will then make up the payments. Then the wonders of the liquidity of ASMX and its market-makers could be demonstrated on eight loans. What I mean is that the money remains in the borrowers account rather then us lenders and when it is paid late the payment is made as if it was made on the due date with no adjustment to the interest part of the amortising loan to take into account the late return of a portion of the capital.
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blender
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Post by blender on Jan 21, 2021 12:20:42 GMT
I see, yes. Holiday was the problem because it is often a term used for a break granted by the lender. It seems that only three of these loans are now behind - and so progress is being made. 89 is still behind.
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Post by ladywhitenap on Jan 25, 2021 10:30:23 GMT
ablrate Time for lots of button pushing please 38, 58, 65, 89, 113, 114, 138, 142 LW
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criston
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Post by criston on Jan 25, 2021 10:40:14 GMT
ablrate Time for lots of button pushing please 38, 58, 65, 89, 113, 114, 138, 142 LW Also 102
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Post by ladywhitenap on Jan 28, 2021 10:28:34 GMT
Keeping track of late/unpaid payments is difficult enough for us lenders as it is but without admin notes it's a pain. ablrate can we please get back to the situation we used to have whereby at the close of the next business day following a due date, we either have the payment or an Admin note to explain why not and a firm new date. LW
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