arby
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Post by arby on Aug 7, 2019 16:08:29 GMT
I am looking for these details as well ….did ask fs for all details ….but all the <insult removed> said ...it was all on the loan page …………….lies I'm guessing you may have lost a large chunk in this. If so, emotions will be understandably high. Before contacting the borrower, just remember to weigh up the pros and cons; losing money to some **** is bad enough, but getting investigated for harassment or malicious use of communication etc on top of that would be rubbing salt in the wound.
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pip
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Post by pip on Aug 7, 2019 19:30:14 GMT
I am looking for these details as well ….did ask fs for all details ….but all the <insult removed> said ...it was all on the loan page …………….lies I'm guessing you may have lost a large chunk in this. If so, emotions will be understandably high. Before contacting the borrower, just remember to weigh up the pros and cons; losing money to some **** is bad enough, but getting investigated for harassment or malicious use of communication etc on top of that would be rubbing salt in the wound. Agreed, there are strict laws surrounding chasing debtors and wouldn't surprise me that is somebody was willing to screw over their creditors they will leap at any opportunity to screw over you.
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Post by ron on Aug 7, 2019 20:13:40 GMT
In my opinion, the problem here is not the borrower: it is the valuation. Where did this valuation come from? I don’t think it was a professional valuation, but instead a made-up number. FundingSecure should be held responsible for misselling, because investors were made to believe that the LTV was much lower than it actually was.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Aug 8, 2019 13:17:09 GMT
In my opinion, the problem here is not the borrower: it is the valuation. Where did this valuation come from? I don’t think it was a professional valuation, but instead a made-up number. FundingSecure should be held responsible for misselling, because investors were made to believe that the LTV was much lower than it actually was. 'allo ron, yer not familiar with The Great Valuations ConScam then?
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Aug 8, 2019 13:23:55 GMT
I am looking for these details as well ….did ask fs for all details ….but all the <insult removed> said ...it was all on the loan page …………….lies I'm guessing you may have lost a large chunk in this. If so, emotions will be understandably high. Before contacting the borrower, just remember to weigh up the pros and cons; losing money to some **** is bad enough, but getting investigated for harassment or malicious use of communication etc on top of that would be rubbing salt in the wound. But how do they know "who" if yer wearing a balaclava? 
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r1200gs
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Post by r1200gs on Aug 8, 2019 13:45:59 GMT
It's always amusing to go to the start of these threads and have a read.
Note numerous people saying the valuations were ludicrous, one on the very first page saying that these would sell for a fraction of that amount if at all, and FS still got it funded and even got away with restricting bids.
Those valuations were insane and still the suckers were throwing money at these loans.
Still, ex council tower block next, with that likely to result in the next bunch of FS customers heading for the doors.....
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rogerthat
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Post by rogerthat on Aug 8, 2019 13:57:58 GMT
It's always amusing to go to the start of these threads and have a read. Note numerous people saying the valuations were ludicrous, one on the very first page saying that these would sell for a fraction of that amount if at all, and FS still got it funded and even got away with restricting bids. Those valuations were insane and still the suckers were throwing money at these loans. Still, ex council tower block next, with that likely to result in the next bunch of FS customers heading for the doors..... Yup..think I'll be in the front runners..with an extremely short back & sides if not a scalping. £4m+ GDV..pfft  Oops..removed that link  And to add insult to injury..the static caravan renewal has just been notified by email...Pythonesque Don't p*ss down my back and tell me its raining
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adrian77
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Post by adrian77 on Aug 8, 2019 14:18:39 GMT
£18K seems a bit on the high side to me but with a £4K loan seems a tad better option
than the recent disaster with new ones "valued" at £165K each and un-sited !
I guess this will should be OK but if it goes the way of the above we will get £336 returned.
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r1200gs
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Post by r1200gs on Aug 8, 2019 14:38:44 GMT
£18K seems a bit on the high side to me but with a £4K loan seems a tad better option than the recent disaster with new ones "valued" at £165K each and un-sited ! I guess this will should be OK but if it goes the way of the above we will get £336 returned. Yup this looks ok - £25 limit.  I don't know about you, but I don't do £25 loan parts.....
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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 Aug 12, 2019 16:28:49 GMT
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