Post by mikeb on Apr 22, 2014 17:54:28 GMT
5768 "Used Printer" (A Secured loan) sat in draw-down for a while before, and over, Easter. Vanished in a puff of smoke today.
"NOTE: The loan was listed in error and is being relisted shortly. Thanks, FC. "
What?
Comes back as 5928 with this in the Q&A:
“The funds were not released due to the fact that the loan was listed incorrectly as secured, when it should have been listed as unsecured.”
Brilliant stuff. It took long enough to spot that one.
As that was the ONLY secured loan that has been through in ages, does this mean that Funding Circle has totally given up on Asset Security? It's all just Director's Guarantees and "Not Applicable" as far as the eye can see.
Also: 5928 now incorrectly shows up that I'm currently exposed to that lender -- I'm not, FC killed the loan off!
Won't be bidding this time round, as it's not secured, and it's on my blacklist anyway for time-wasting. Harsh? Maybe.
"NOTE: The loan was listed in error and is being relisted shortly. Thanks, FC. "
What?
Comes back as 5928 with this in the Q&A:
“The funds were not released due to the fact that the loan was listed incorrectly as secured, when it should have been listed as unsecured.”
Brilliant stuff. It took long enough to spot that one.
As that was the ONLY secured loan that has been through in ages, does this mean that Funding Circle has totally given up on Asset Security? It's all just Director's Guarantees and "Not Applicable" as far as the eye can see.
Also: 5928 now incorrectly shows up that I'm currently exposed to that lender -- I'm not, FC killed the loan off!
Won't be bidding this time round, as it's not secured, and it's on my blacklist anyway for time-wasting. Harsh? Maybe.