TitoPuente
Member of DD Central
Posts: 624 
Likes: 655
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Post by TitoPuente on Apr 13, 2016 21:05:56 GMT
111,120 loan running 43 days late. Borrower is some sort of high street brand named "H***e of H*****y". Last comment says: 23 Mar 2016
The borrower’s direct debit has bounced twice, and consequently March’s payment was not collected on time. We are currently chasing the borrower to make a manual repayment, and will add another comment within the next two weeks if the situation changes. We thank investors for their patience.
Of course no comment nor payment followed after two weeks.
The issue is that AC sent an email today announcing a 733,000 loan to "H***e of H*****y".
Has someone seen this too?
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Post by GSV3MIaC on Apr 13, 2016 21:58:51 GMT
You might want to email that info to someone at AC .. like chris .. well I tagged him, so hopefully he'll look. |
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
Likes: 11,549
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12610
Apr 13, 2016 23:26:02 GMT
Post by ilmoro on Apr 13, 2016 23:26:02 GMT
Raised in the q&a 6/4 and response is being brought up to date this week. Also two CCJs being settled with AC loan and another loan in arrears which will also be paid off.
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12610
Apr 14, 2016 4:00:57 GMT
Post by Deleted on Apr 14, 2016 4:00:57 GMT
Raised in the q&a 6/4 and response is being brought up to date this week. Also two CCJs being settled with AC loan and another loan in arrears which will also be paid off. The real question is: - are the new lenders aware of the two CCJ and the old late loan? If this was publicly disclosed on the loan pages I doubt many will continue the investment. It should be a strong duty fo AC to put all these things clear before lending anything.
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am
Posts: 1,495
Likes: 601
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12610
Apr 14, 2016 9:54:20 GMT
Post by am on Apr 14, 2016 9:54:20 GMT
Raised in the q&a 6/4 and response is being brought up to date this week. Also two CCJs being settled with AC loan and another loan in arrears which will also be paid off. The real question is: - are the new lenders aware of the two CCJ and the old late loan? If this was publicly disclosed on the loan pages I doubt many will continue the investment. It should be a strong duty fo AC to put all these things clear before lending anything. The two additional CCJs are noted on the activity tag (at AC).
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12610
Apr 14, 2016 11:23:56 GMT
Post by Deleted on Apr 14, 2016 11:23:56 GMT
CCJ's and late payments before you even start lending, I'm sure there are better 12% loans available on the various platforms.
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12610
Apr 14, 2016 15:59:20 GMT
Post by profunder on Apr 14, 2016 15:59:20 GMT
111,120 loan running 43 days late. Borrower is some sort of high street brand named "H***e of H*****y". Last comment says: 23 Mar 2016 The borrower’s direct debit has bounced twice, and consequently March’s payment was not collected on time. We are currently chasing the borrower to make a manual repayment, and will add another comment within the next two weeks if the situation changes. We thank investors for their patience. Of course no comment nor payment followed after two weeks. The issue is that AC sent an email today announcing a 733,000 loan to "H***e of H*****y". Has someone seen this too? Yes AC know, in fact the AC loan is secured on the directors house with room in the LTV. So it's really a property loan, not an unsecured loan with a PG.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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12610
Apr 15, 2016 20:45:29 GMT
Post by TitoPuente on Apr 15, 2016 20:45:29 GMT
Well, if the AC loan goes ahead then FC should get paid out of that. Otherwise FC should default the loan and seek immediate payment from a company that has liquidity.
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12610
Apr 15, 2016 20:49:40 GMT
Post by profunder on Apr 15, 2016 20:49:40 GMT
Well, if the AC loan goes ahead then FC should get paid out of that. Otherwise FC should default the loan and seek immediate payment from a company that has liquidity. AC loan went ahead today and has drawn-down. AC will default the loan I assume if CCJs are not paid, so FC will get settled in the next few working days or they will move to get a CCJ.
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SteveT
Member of DD Central
Posts: 6,875
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Post by SteveT on Jan 9, 2017 14:00:45 GMT
Having badgered Forgotten Chod last week to explain why 12610 was still RBR, I note it has magically regained its risk band today. I've already dumped generously re-homed it at par (before another CCJ appears)
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blender
Member of DD Central
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Post by blender on Jan 9, 2017 15:12:58 GMT
I have done similar in the past. It feels good, doesn't it? An illusion of control or influence, and the removal of a worry. Also it is FC taking the responsibility for the removal of the RBR, so you do not have to worry about your victims customers.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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12610
Jan 12, 2017 21:14:58 GMT
Post by TitoPuente on Jan 12, 2017 21:14:58 GMT
My zombie account is one tad slimmer. Wishing best of luck to the buyer.
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