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Post by Badly Drawn Stickman on Feb 10, 2021 18:34:24 GMT
ablrate We are now two repayments behind on #89 from the borrower beset with "banking problems" - this excuse is running a bit thin now. It is time for some loan specific truthful updates as to the nature of the problem - we are all adults here and can understand financial issue. LW Given despite a payment it is still not up to date, I am surprised it is tradeable on the loan exchange. Must be a new thing...
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sapphire
Member of DD Central
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Post by sapphire on Feb 11, 2021 6:12:11 GMT
ablrate We are now two repayments behind on #89 from the borrower beset with "banking problems" - this excuse is running a bit thin now. It is time for some loan specific truthful updates as to the nature of the problem - we are all adults here and can understand financial issue. LW Given despite a payment it is still not up to date, I am surprised it is tradeable on the loan exchange. Must be a new thing... All loans are equal but some loans are are more equal than others?
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Post by Badly Drawn Stickman on Feb 11, 2021 12:28:08 GMT
Given despite a payment it is still not up to date, I am surprised it is tradeable on the loan exchange. Must be a new thing... All loans are equal but some loans are are more equal than others? That must be it. Their own diligent testing system seems to have picked it up just after I posted. I suspect little harm done (might cost a few pence from petty cash to honour the few trades made). In the near future when other platforms are involved it could have been a much bigger problem. They should pay somebody a retainer to try messing with their systems.
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Balder
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Post by Balder on Feb 11, 2021 13:45:15 GMT
All loans are equal but some loans are are more equal than others? That must be it. Their own diligent testing system seems to have picked it up just after I posted. I suspect little harm done (might cost a few pence from petty cash to honour the few trades made). In the near future when other platforms are involved it could have been a much bigger problem. They should pay somebody a retainer to try messing with their systems. I love destructive testing!
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Post by ladywhitenap on Feb 11, 2021 14:08:03 GMT
ablrate Please can we have an update on 59. LW
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Post by ladywhitenap on Feb 15, 2021 10:22:35 GMT
ablrate Please can we have an update on 59. LW ablrate BUMP Still no update?? what is going on with the alledged enthusiastic chasing of late payers? LW
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criston
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Post by criston on Feb 19, 2021 12:22:00 GMT
A_F loans look to be a problem now; 59 then 74, now 102.
Ablrates communication has been noticeably deteriorating lately.
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r00lish67
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Post by r00lish67 on Feb 19, 2021 12:27:06 GMT
A_F loans look to be a problem now; 59 then 74, now 102. Ablrates communication has been noticeably deteriorating lately. Guess they must just be focusing on that long overdue Container loan update?
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brush
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Post by brush on Feb 19, 2021 13:37:57 GMT
Video update required, maybe tonight ?
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Post by Ace on Feb 19, 2021 14:38:02 GMT
Video update required, maybe tonight ? Yes,I always feel much calmer after an update from the bearded one. They sometimes have me reaching for my debit card. He would make a great salesman. Oh, wait...
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Post by ladywhitenap on Feb 19, 2021 14:50:37 GMT
ablrate The possible problems with Youtube updates is that DB has to be careful how much information he gives especially about a borrower who might be in some sort of trouble or disclosing detail of action ABL might be taking etc. This forum is also as bad for similar reasons. Communication via specific Admin notes that are only available to ABL investors are the real way to go but only rarely do they say much more than "contact made funds promised" or variant of the theme. ABL still are quite possibly the best of a bad bunch but just because many of the others are falling by the wayside, it is no reason for ABL to be dropping their lender communications from "quite good" to "just a bit better than the bad bunch". LW
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Balder
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Post by Balder on Feb 19, 2021 15:57:41 GMT
114 please ablrate - just thought I'd get in early!
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hazellend
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Post by hazellend on Feb 19, 2021 17:07:21 GMT
Lack of any update on previously very stable loans is very concerning. At least a holding statement would be good.
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Post by df on Feb 19, 2021 19:07:29 GMT
Video update required, maybe tonight ? Yes,I always feel much calmer after an update from the bearded one. They sometimes have me reaching for my debit card. He would make a great salesman. Oh, wait... I liked them, except the intro soundtrack And because ASMX is now up and running the broadcasts can be probably reduced to 8 minutes. So more concise videos and making sure that every single borrower is covered (even if it is just to say that there are currently no issues with this loan/borrower) would be my preferred communication. I tend to get a better idea of the situation this way than written updates. There are only two I've seen doing this, I like DB's better than SL's
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brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
Posts: 398
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Post by brianlom1 on Feb 19, 2021 19:30:36 GMT
ablrate The possible problems with Youtube updates is that DB has to be careful how much information he gives especially about a borrower who might be in some sort of trouble or disclosing detail of action ABL might be taking etc. This forum is also as bad for similar reasons. Communication via specific Admin notes that are only available to ABL investors are the real way to go but only rarely do they say much more than "contact made funds promised" or variant of the theme. ABL still are quite possibly the best of a bad bunch but just because many of the others are falling by the wayside, it is no reason for ABL to be dropping their lender communications from "quite good" to "just a bit better than the bad bunch". LW I tend to agree with Her Ladyship, I prefer updates to be loan-specific and factual - there's a place for video updates but not at the expense of admin notes
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