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Post by savingstream on Oct 10, 2016 7:50:30 GMT
Our definition of Default is when "we are no longer confident of when or how the borrower is going to repay the loan." When we appoint a receiver, it is often on the back of discussions with the borrower, purchasers and our advisors. We consider it one of many tools available to us.
Instructing the receiver is a way of forcing a situation i.e when we decide an offer is acceptable but might not be acceptable to a borrower and need to control the sale to make it happen in a timely fashion.
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ben
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Post by ben on Oct 10, 2016 8:19:19 GMT
Surely it should be a default when the borrower either has not agreed to extend the loan and is no longer paying the interest on the loan.
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Post by spareafewcoppersguv on Oct 10, 2016 9:08:02 GMT
Our definition of Default is when " we are no longer confident of when or how the borrower is going to repay the loan." When we appoint a receiver, it is often on the back of discussions with the borrower, purchasers and our advisors. We consider it one of many tools available to us. Instructing the receiver is a way of forcing a situation i.e when we decide an offer is acceptable but might not be acceptable to a borrower and need to control the sale to make it happen in a timely fashion. "When we appoint a receiver it is often on the back of discussions..." How often has this happened then?
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vmail
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Post by vmail on Oct 11, 2016 14:11:55 GMT
It's a <impolite term removed> idea to move this loan onto a different page, they should add a link to the defaulted loans page.
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Post by GSV3MIaC on Oct 11, 2016 15:54:37 GMT
It's a  idea to move this loan onto a different page, they should add a link to the defaulted loans page. Add a link where, exactly? Most of us (except those trying to sell) thought getting it off the 'available loans' page was a smart move to stop newbies buying it on the basis of the big red box not reading so very threateningly.
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ablender
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Post by ablender on Oct 11, 2016 16:17:51 GMT
It's a idea to move this loan onto a different page, they should add a link to the defaulted loans page. Add a link where, exactly? Most of us (except those trying to sell) thought getting it off the 'available loans' page was a smart move to stop newbies buying it on the basis of the big red box not reading so very threateningly. Apart from what GSV3MIaC already mentioned, there is already a link in the menu system. I cannot understand what you would like more than that.
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SteveT
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Post by SteveT on Oct 11, 2016 16:20:24 GMT
Somebody to buy his loan parts, perhaps!
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vmail
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Post by vmail on Oct 11, 2016 17:11:40 GMT
Something like this would be nice.  |
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ablender
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Post by ablender on Oct 11, 2016 17:54:06 GMT
vmail may I ask you which other platform is informing your opinion?
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vmail
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Post by vmail on Oct 11, 2016 18:20:36 GMT
There's no other platform informing my opinion.
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ablender
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Post by ablender on Oct 11, 2016 19:01:45 GMT
There's no other platform informing my opinion. So if you have not seen this on another platform, why should savingstream put a link as you demonstrated, on the first page you see when other platforms are not doing this? What is the value of this?
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vmail
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Post by vmail on Oct 11, 2016 19:42:19 GMT
Joe Bloggs logs on and sees that there are no available loans then logs off and then tries again later, but again there are no available loans. As you can see from the screenshot, Joe Blogs can not see where he can invest his leftover balance because it is hidden. The browser width on Joe Bloggs is less than 1100 pixels.
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jonah
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Post by jonah on Oct 11, 2016 20:29:45 GMT
Joe Bloggs logs on and sees that there are no available loans then logs off and then tries again later, but again there are no available loans. As you can see from the screenshot, Joe Blogs can not see where he can invest his leftover balance because it is hidden. The browser width on Joe Bloggs is less than 1100 pixels. Probably not good for a first time investor possibly on thier first platform to invest in a loan which is in default status. It might all work out, but it might not.
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ablender
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Post by ablender on Oct 12, 2016 12:28:06 GMT
Joe Bloggs logs on and sees that there are no available loans then logs off and then tries again later, but again there are no available loans. As you can see from the screenshot, Joe Blogs can not see where he can invest his leftover balance because it is hidden. The browser width on Joe Bloggs is less than 1100 pixels. And why do you want Joe Bloggs to invest in a defaulted loan?
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vmail
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Post by vmail on Oct 12, 2016 19:40:04 GMT
Better than having money sitting in his SS account doing nothing.
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idea to move this loan onto a different page, they should add a link to the defaulted loans page.
