|
|
Post by geraldine1210 on Sept 30, 2016 10:05:46 GMT
Pity the poor folks who are buying parts on the SM right now. (I just saw one go by while I was writing this.) SS better get that red notice up in a hurry or they'll end up with a crowd of angry investors. Angry investors if they are lucky. Lawsuits and FCA complaints if they are unlucky. Maybe they are still hoping to pull a rabbit out of a hat
|
|
guff
Posts: 730 
Likes: 707
|
Post by guff on Sept 30, 2016 10:17:24 GMT
Maybe they are still hoping to pull s rabbit out of s hatIt reads better when the past tense of the verb is changed to the noun.
|
|
ablender
Member of DD Central
Posts: 2,204
Likes: 555
|
Post by ablender on Sept 30, 2016 10:23:46 GMT
Perhaps we need to take a step back and not speculate. Lots of detail are missing so we cannot really jump to conclusions. savingstream can you please give some indication about this one. |
|
lobster
Member of DD Central
Posts: 636
Likes: 467
|
Post by lobster on Sept 30, 2016 12:22:32 GMT
This is insane - as soon as any PBL056 hits the SM, it's being bought like it's the hottest thing in town ?? Presumably most folks haven't got a clue about the borrower.
Hope this doesn't all end in tears for SS. I suppose if the loan hasn't actually officially defaulted (whatever that may mean exactly) then SS are not dutybound to do anything. But surely they should at the very least put out an email and also do a "recent update" on their site, if only out of sheer decency and/or some sort of moral obligation.
|
|
arbster
Member of DD Central
Posts: 810
Likes: 426
|
Post by arbster on Sept 30, 2016 12:35:19 GMT
This is insane - as soon as any PBL056 hits the SM, it's being bought like it's the hottest thing in town ?? Presumably most folks haven't got a clue about the borrower. Hope this doesn't all end in tears for SS. I suppose if the loan hasn't actually officially defaulted (whatever that may mean exactly) then SS are not dutybound to do anything. But surely they should at the very least put out an email and also do a "recent update" on their site, if only out of sheer decency and/or some sort of moral obligation. Do we have any reason to believe the asset security has been impaired? If not, the financial circumstances of the borrower are of relatively little concern, except for a possible delay while the asset is sold.
|
|
lobster
Member of DD Central
Posts: 636
Likes: 467
|
Post by lobster on Sept 30, 2016 12:53:15 GMT
This is insane - as soon as any PBL056 hits the SM, it's being bought like it's the hottest thing in town ?? Presumably most folks haven't got a clue about the borrower. Hope this doesn't all end in tears for SS. I suppose if the loan hasn't actually officially defaulted (whatever that may mean exactly) then SS are not dutybound to do anything. But surely they should at the very least put out an email and also do a "recent update" on their site, if only out of sheer decency and/or some sort of moral obligation. Do we have any reason to believe the asset security has been impaired? If not, the financial circumstances of the borrower are of relatively little concern, except for a possible delay while the asset is sold.Well if the receivers are now in charge, that delay could be substantial while they do all their investigations. Also as someone mentioned earlier, the receivers have to "treat the borrower fairly", and who knows what that may mean in practice ? Furthermore, I assume that the receivers themselves will be paid ahead of lenders (is that correct ?) , and these guys charge big bucks 
|
|
cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
|
Post by cooling_dude on Sept 30, 2016 14:00:45 GMT
Just come through on the updates page... So not defaulted, but receiver bought in.... How very strange  |
|
lobster
Member of DD Central
Posts: 636
Likes: 467
|
Post by lobster on Sept 30, 2016 14:07:08 GMT
Hey Dude - I have no idea on this earth how you keep tabs on everything - but thanks !!  |
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Sept 30, 2016 14:07:59 GMT
Just come through on the updates page... So not defaulted, but receiver bought in.... How very strange It's an Old T&Cs loan so the borrower effectively IS Lendy.
|
|
blueninja
Member of DD Central
Posts: 81 
Likes: 48
|
Post by blueninja on Sept 30, 2016 14:09:13 GMT
Maybe not defaulted as Lendy are covering the interest. Is this an old style loan where investors are lending to Lendy?
|
|
cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
|
Post by cooling_dude on Sept 30, 2016 14:10:03 GMT
Just come through on the updates page... So not defaulted, but receiver bought in.... How very strange It's an Old T&Cs loan so the borrower effectively IS Lendy. So.... they didn't see an exit plan with the garden centre... Both loans are on the old T&Cs, but it seems to me they are treating them both completely differently 
|
|
arbster
Member of DD Central
Posts: 810
Likes: 426
|
Post by arbster on Sept 30, 2016 14:11:51 GMT
It's an Old T&Cs loan so the borrower effectively IS Lendy. So.... they didn't see an exit plan with the garden centre... Both loans are on the old T&Cs, but it seems to me they are treating them both completely differently Maybe they've learned from the experience with the garden centre?
|
|
mickj
Member of DD Central
Posts: 435
Likes: 191
|
Post by mickj on Sept 30, 2016 14:30:23 GMT
Are the 5000 pigs (double over the past year ?) still on the farm, would these be seen as stock - like plants etc in the garden centre or have they all gone off to supermarkets.
|
|
jimbob
Member of DD Central
Posts: 317
Likes: 74
|
Post by jimbob on Sept 30, 2016 14:40:54 GMT
Are the 5000 pigs (double over the past year ?) still on the farm, would these be seen as stock - like plants etc in the garden centre or have they all gone off to supermarkets. They are flying past the garden centre right now.
|
|
warn
Member of DD Central
Curmudgeon
Posts: 638
Likes: 659
|
Post by warn on Sept 30, 2016 14:56:12 GMT
Perhaps we need to take a step back and not speculate. Lots of detail are missing so we cannot really jump to conclusions Don't be silly -- this is the P2P forum What else occupies 80% of the posters here?
|
|
