oldgrumpy
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Post by oldgrumpy on May 9, 2014 19:13:51 GMT
Yes. They still owe me a penny!!  Let us know what they say please. Will do - but it might take a while. Every single email I've sent over the past 6 months has had the automatic reply 'we will respond within 2 days', only to get another email 2 days later 'due to unforeseen volumes of requests, we have not been able to respond but will as soon as possible'. I'm wondering how unforeseen it can be, when it's been an issue for such a long time - or maybe I'm on a blacklist somewhere! Have FC explained why they have refunded £19.99 yet, or shall sharpen my claws?
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fasty
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Post by fasty on May 9, 2014 19:30:48 GMT
Will do - but it might take a while. Every single email I've sent over the past 6 months has had the automatic reply 'we will respond within 2 days', only to get another email 2 days later 'due to unforeseen volumes of requests, we have not been able to respond but will as soon as possible'. I'm wondering how unforeseen it can be, when it's been an issue for such a long time - or maybe I'm on a blacklist somewhere! Have FC explained why they have refunded £19.99 yet, or shall sharpen my claws? Me too. Two pennies here to be precise. Shall I get the vitriol warmed up?
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jm72
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Post by jm72 on May 10, 2014 4:10:24 GMT
jm72 Have FC explained why they have refunded £19.99 yet, or shall sharpen my claws? Me too. Two pennies here to be precise. Shall I get the vitriol warmed up?
I got a reply yesterday - the technical team is aware of the issue and will fix it to pay out the remaining 1p. Wouldn't hold your breath. I just can't see how you can mis-pay by 1p. There is another thread on this forum about FC Accounting which says there is an issue on rounding - maybe this is it?
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agent69
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Post by agent69 on May 15, 2014 17:41:31 GMT
14 May 2014
We understand that an IVA proposed by the guarantor has been rejected and independent Insolvency practitioners have now accepted the appoint as joint trustees over the bankrupt's estate.
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Post by GSV3MIaC on May 15, 2014 20:09:33 GMT
Wot, no 24p in the pound over 5 years?!?
FC really should have shut this down when they found out about the criminal conviction, and when it was apparent the borrower had cheerfully lied about making the second payment.
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fasty
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Post by fasty on May 29, 2014 22:21:52 GMT
Did anyone confirm that they get their last few pennies refunded by FC over the premature collapse of Wine Merchant 5034? My account seems to be 2p short according to the usual calculations. Not quite the money leak that many have seen, but I am puzzled. My mother always told me to look after the pennies (etc)
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mikeb
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Post by mikeb on May 30, 2014 17:19:56 GMT
Did anyone confirm that they get their last few pennies refunded by FC over the premature collapse of Wine Merchant 5034? My account seems to be 2p short according to the usual calculations. Not quite the money leak that many have seen, but I am puzzled. My mother always told me to look after the pennies (etc) I got mine back, it appeared NOT AS A RECOVERY but as a manual fiddle to the statement :- 2014-05-12 000000L******nnnnnn (your account number goes here!) £0.0pennies There is a comment to this effect, twice, on the loan. If you haven't had yours yet, then maybe they only gave the money back to people that complained about it. Either way, I still would love to see the explanation as to how £20.00 becomes £19.99 due to a rounding error!
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fasty
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Post by fasty on May 30, 2014 17:27:59 GMT
Thanks mikeb, yes I did manage to find that transaction for 2p now. So, it must be some other kind of "rounding error" in my case!
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jm72
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Post by jm72 on Jun 2, 2014 9:41:25 GMT
Interestingly, the extra couple of pence come through as a deposit rather than income / profit - not sure what the tax implications of this is, but doubt anyone was far enough out for it to make a difference.
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merlin
Minor shareholder in Assetz and many other companies.
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Post by merlin on May 15, 2015 20:48:50 GMT
"Our negotiations with guarantor remain ongoing. However, we are confident that we will reach an agreement that is both affordable and fair for the guarantor and investors. We will update lenders in due course." So said FC not long ago. Today he was banned from holding office in any company for 5 years by the Official Receiver. So what do you feel about the way that FC handled the whole thing? As far as I am concerned their actions on this loan from start to finish beggar belief. I know that many would like to see FC fully refund all those that put money in this loan.
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min
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Post by min on May 16, 2015 6:44:17 GMT
"Our negotiations with guarantor remain ongoing. However, we are confident that we will reach an agreement that is both affordable and fair for the guarantor and investors. We will update lenders in due course." So said FC not long ago. Today he was banned from holding office in any company for 5 years by the Official Receiver. So what do you feel about the way that FC handled the whole thing? As far as I am concerned their actions on this loan from start to finish beggar belief. I know that many would like to see FC fully refund all those that put money in this loan. Suggest you email them and say that given the circumstances you think they should refund you. See what they say. If no luck then we could all try it.
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merlin
Minor shareholder in Assetz and many other companies.
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Post by merlin on May 16, 2015 8:54:29 GMT
I tried that and more at the time but got no reply. I believe this is because they did virtually no DD at all and were caught out when everything started to come to light.
However I have not given up yet and have something in the wind that should stir up the issue and bring it more into the public view.
Watch this space.
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oldgrumpy
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Post by oldgrumpy on May 16, 2015 10:02:45 GMT
... both affordable and fair for the guarantor and investors...
It would be fascinating to hear from Futile Constipation which parts of their actions since this loan was initiated (including approving the loan in the first place, with criminal involvement of the company already public knowledge) have been fair to the investors.
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agent69
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Post by agent69 on May 16, 2015 10:51:03 GMT
"Our negotiations with guarantor remain ongoing. However, we are confident that we will reach an agreement that is both affordable and fair for the guarantor and investors. We will update lenders in due course." So said FC not long ago. Today he was banned from holding office in any company for 5 years by the Official Receiver. So what do you feel about the way that FC handled the whole thing? As far as I am concerned their actions on this loan from start to finish beggar belief. I know that many would like to see FC fully refund all those that put money in this loan. Suggest you email them and say that given the circumstances you think they should refund you. If they lost £10m last year I guess another £100k won't make a lot of difference.
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Post by GSV3MIaC on May 16, 2015 21:27:27 GMT
Today he was banned from holding office in any company for 5 years by the Official Receiver. Where did you manage to find that little gem (local news? I vaguely recall you live near there?). Any more info -- presumably there was some reason for this, mere galloping incompetence doesn't usually get you banned .. even moderate dodginess usually goes unpunished (at least by my standards of punishment).
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Let us know what they say please.
