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Post by enzed on Oct 1, 2014 17:07:53 GMT
That's 5 late payments out of 10 now! What is AC doing about this tardiness? I guess this is one way of reducing int rate - by my rough estimate £3K+ int saved so far!
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hendragon
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Post by hendragon on Oct 1, 2014 18:05:35 GMT
it may be worth noting that no payments due to my account today have been paid. Ac tied up with updates and no-one has pressed the button?
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mikes1531
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Post by mikes1531 on Oct 1, 2014 18:17:50 GMT
it may be worth noting that no payments due to my account today have been paid. Ac tied up with updates and no-one has pressed the button? To save me from having to trawl through all my long list of loans, can you please indicate which auctions (the numbers will suffice) were due to pay today?
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baz657
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Post by baz657 on Oct 1, 2014 18:20:38 GMT
To save me from having to trawl through all my long list of loans, can you please indicate which auctions (the numbers will suffice) were due to pay today? 77 & 95 of my loans.
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Post by Come_on_Grandad on Oct 1, 2014 18:22:25 GMT
it may be worth noting that no payments due to my account today have been paid. Ac tied up with updates and no-one has pressed the button? To save me from having to trawl through all my long list of loans, can you please indicate which auctions (the numbers will suffice) were due to pay today? I'm missing payments for 39, 45, 68, 77 and 95. That's three due today plus the two we have been discussing
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mikes1531
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Post by mikes1531 on Oct 1, 2014 18:42:40 GMT
To save me from having to trawl through all my long list of loans, can you please indicate which auctions (the numbers will suffice) were due to pay today? I'm missing payments for 39, 45, 68, 77 and 95. That's three due today plus the two we have been discussing Thanks for the info.
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Post by Ton ⓉⓞⓃ on Oct 1, 2014 22:28:31 GMT
That's 5 late payments out of 10 now! What is AC doing about this tardiness? I guess this is one way of reducing int rate - by my rough estimate £3K+ int saved so far! I've got them as good to reasonable payers. Two misses including this. (not counting hols/weekends etc I'm also ignoring the New Year one maybe they're not as good as I was thinking...) If it's not an AC system prob is their planned full loan repayment causing this, have I missed something? IN EDIT
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Post by davidricketts1 on Oct 2, 2014 8:52:32 GMT
I've put some updates up regarding this loan this morning all.
Repayment has now been made from the interest buffer we have been building up whilst the borrower changes bank account details for the payment following the recent clients money update we've been through.
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Post by Ton ⓉⓞⓃ on Oct 6, 2014 14:17:51 GMT
I've put some updates up regarding this loan this morning all.
Repayment has now been made from the interest buffer we have been building up whilst the borrower changes bank account details for the payment following the recent clients money update we've been through. Thanks for the update, Can I ask if this loan is trade-able on the AM, and I guess others are too, when they haven't made a payment but the buffer has paid if for them?
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Post by davidricketts1 on Oct 6, 2014 15:07:36 GMT
I've put some updates up regarding this loan this morning all.
Repayment has now been made from the interest buffer we have been building up whilst the borrower changes bank account details for the payment following the recent clients money update we've been through. Thanks for the update, Can I ask if this loan is trade-able on the AM, and I guess others are too, when they haven't made a payment but the buffer has paid if for them? Should be Ton. Given the buffer is surplus income they built up here rather than funds retained on drawdown.
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mikes1531
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Post by mikes1531 on Oct 6, 2014 16:55:56 GMT
Thanks for the update, Can I ask if this loan is trade-able on the AM, and I guess others are too, when they haven't made a payment but the buffer has paid if for them? Should be Ton. Given the buffer is surplus income they built up here rather than funds retained on drawdown. may wish to rephrase the above, as it implies that loans where the interest is being paid from funds retained on drawdown aren't -- or shouldn't be -- trade-able on the Aftermarket. And that's clearly at odds with the most common AC practice for bridging loans.
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Post by davidricketts1 on Oct 7, 2014 7:40:53 GMT
Should be Ton. Given the buffer is surplus income they built up here rather than funds retained on drawdown. may wish to rephrase the above, as it implies that loans where the interest is being paid from funds retained on drawdown aren't -- or shouldn't be -- trade-able on the Aftermarket. And that's clearly at odds with the most common AC practice for bridging loans. Fair point Mike. You're quite correct that this isn't the case and there is no issue with trading any loans on the aftermarket providing these are up to date.
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unmadem
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Post by unmadem on Apr 28, 2015 16:24:19 GMT
There is over £130K of this on sale, yet it seem to be a distressed loan. Ok there was a failure to complete a early refinancing but it has 20 months to run and has hard asset security rather than debenture or personal guarantee. Am I missing something ?
Edit - first sentence should have read "There is over £130K of this on sale, yet it doesn't seem to be a distressed loan."
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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
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Post by ilmoro on Apr 28, 2015 16:59:09 GMT
There is over £130K of this on sale, yet it seem to be a distressed loan. Ok there was a failure to complete a early refinancing but it has 20 months to run and has hard asset security rather than debenture or personal guarantee. Am I missing something ? Its not a distressed loan as far as Im aware. Payments up to date & on time, covenant test recently passed. Why do you think its distressed?
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j
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Penguins are very misunderstood!
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Post by j on Apr 28, 2015 18:44:07 GMT
I have traded this loan countless times since its inception & never had an issue. As memory serves, there was only one slightly late payment & that was sorted quickly. My guess is it's an U/W trying to free funds to invest elsewhere possibly. If I had any spare cash I would not have an issue investing there...IMHO, etc
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