jimbo
Posts: 234 
Likes: 42
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Post by jimbo on Nov 19, 2013 4:39:02 GMT
Saw this this afternoon on a link from FC email: Maybe that means the Cop a Lode (3032), 51 days late on second payment, and 21 days late on their third payment, will get a proper kick up the backside. I too have a small part of 3032 (the crappy scrappy). Borowed £100k to buy new equipment from a bloke called Delboy. After one payment they realised that it wasn't what they expected, so they want their money back. In the meantime no more repayments and FC'S attitude appears to be 'take as long as you like to sort the problem out'. If you run a search in google containing "uk news <company_name>", one of the links returned features a story about this borrower from 2011. I'll leave lenders to look for themselves.
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oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
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Post by oldgrumpy on Nov 19, 2013 15:30:53 GMT
Cop a lode etc 3032. FC- " the guarantor....he has confirmed that a major high street bank has provided further funding for the acquisition of the generator. The guarantor hopes that the business will be up and running in the next few weeks....." (my highlighting)
So why doesn't FC make the guarantor pay the instalments, then he can reclaim from the company later when the business is "up and running"? Now 58 and 28 days late.
....and just let him try and get another loan from FC or any other platform I see. Trumpets and euphoniums might be mentioned in Q and A. Bet FC didn't know about that when they agreed to do business...
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blender
Member of DD Central
Posts: 5,719
Likes: 4,272
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Post by blender on Nov 23, 2013 13:59:20 GMT
I have a chunk in the same loan and judging by the loan comments it doesn't look like we'll be seeing anything from that soon. Does anyone know if FC have taken a director to court yet? can someone with a half decent lawyer/accountant find an easy way to get round them? Sorry for the late response but yes, FCRL have recently taken a guarantor as far as the court door and after an age of discussions between solicitors the loan has been fully recovered from the guarantor. I will not identify, but in this case the director/guarantor flew off on the back of a pheonix company well before casting the egg which was to produce the bird into the fire. I have my money back - now what about that large B default and the guarantor company? Is there such a thing as an Oozlum company - which takes a loan and disappears without a trace?
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merlin
Minor shareholder in Assetz and many other companies.
Posts: 902
Likes: 302
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Post by merlin on Nov 26, 2013 14:26:43 GMT
Hi Pikestaff. Just for the record the FCA Crowd Funding team are very interested in how defaults are handled!
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