djpix99
Member of DD Central
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Post by djpix99 on Aug 4, 2016 17:21:41 GMT
I'm pretty new to FS, so not sure if I've missed an update, the Domain names I made a small investment in look like they should have repaid on 02/08/2016, are there any updates?
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fp
Posts: 1,008
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Post by fp on Aug 4, 2016 17:43:29 GMT
I can find two, both appear to be still active.
One due to repay 2/8/16, currently active 185 days, Domain Names (1068145233)
One due to repay 12/8/16, currently active 174 days, Domain Names (1732491090)
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oldgrumpy
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Post by oldgrumpy on Aug 4, 2016 17:49:40 GMT
There are no updates on the one due two days ago.
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
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Post by Neil_P2PBlog on Aug 4, 2016 18:44:57 GMT
I didn't realise you could use domains as collateral!
Of the 2 lists, are the domain loan sites part of the same company? What happens if just one doesn't work out?
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Post by martin44 on Aug 7, 2016 20:57:56 GMT
1068145233 fundingsecure thanks for the late update. You could be bothered then. |
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Post by mrclondon on Sept 8, 2016 14:41:25 GMT
I'm pretty new to FS, so not sure if I've missed an update, the Domain names I made a small investment in look like they should have repaid on 02/08/2016, are there any updates? I can find two, both appear to be still active. One due to repay 2/8/16, currently active 185 days, Domain Names (1068145233) One due to repay 12/8/16, currently active 174 days, Domain Names (1732491090) Both these batches of domain names were formally defaulted by FS earlier this week, and they commented "We will actively market the domains to look for private buyers, before offering at auction." There is at least one other domain name loan still active (ref 1541902123 due 8/1/17)
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
Posts: 355
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Post by Neil_P2PBlog on Sept 8, 2016 14:54:39 GMT
I'm pretty new to FS, so not sure if I've missed an update, the Domain names I made a small investment in look like they should have repaid on 02/08/2016, are there any updates? I can find two, both appear to be still active. One due to repay 2/8/16, currently active 185 days, Domain Names (1068145233) One due to repay 12/8/16, currently active 174 days, Domain Names (1732491090) Both these batches of domain names were formally defaulted by FS earlier this week, and they commented "We will actively market the domains to look for private buyers, before offering at auction." There is at least one other domain name loan still active (ref 1541902123 due 8/1/17) The active one is on sale via godaddy premium for £15k (loan was for £10k with value of £20k)
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Post by mrclondon on Sept 25, 2016 18:58:33 GMT
Unsurprisingly, the next Domain Name to reach maturity (8079414962) is also about to default - yesterday's comment "default notice sent to borrower"
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Post by martin44 on Sept 25, 2016 19:07:50 GMT
IMHO this is just an addition to the inevitable.
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shuff27
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Post by shuff27 on Sept 26, 2016 8:21:31 GMT
Agreed - I'm unsure why anyone would have invested in these which are difficult/impossible to value accurately & ditto to sell on in case of default.
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Post by scrooge on Oct 2, 2017 12:42:14 GMT
Am I the only investor who questions why, having received the proceeds of one domain name and another about to be sold, FS do not see it as appropriate that these meagre funds be distributed? The loan is only 14 months overdue.
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mikes1531
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Post by mikes1531 on Oct 2, 2017 14:46:13 GMT
Am I the only investor who questions why, having received the proceeds of one domain name and another about to be sold, FS do not see it as appropriate that these meagre funds be distributed? The loan is only 14 months overdue. : I'm not in this one. Have you specifically asked FS when they will be distributing the proceeds they have received? If not, I'd recommend you do so. (And report back here when you've had a reply, please.) It's only recently that FS have gained the ability to repay loans partially. They've now done this with some of the railwayana loans and the Llandudno hotel, so I see no reason why they couldn't do it for this 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 Oct 27, 2017 16:36:18 GMT
FS have given up on getting these sorted in the short term. A loans ended unrecovered & FS have decided to repay lenders capotal themselves. So thank you fundingsecure. Rubbish asset so a return of capital is a good result IMO. |
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blueninja
Member of DD Central
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Post by blueninja on Oct 27, 2017 16:40:12 GMT
Yes cash back in my account, no interest, although please to have received my capital back
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r1200gs
Member of DD Central
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Post by r1200gs on Oct 28, 2017 7:37:43 GMT
FS have given up on getting these sorted in the short term. A loans ended unrecovered & FS have decided to repay lenders capotal themselves. So thank you fundingsecure . Rubbish asset so a return of capital is a good result IMO. Indeed, a rubbish asset and a lesson learned. Like others I also appreciate the capital returned.
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