jm72
Posts: 109 
Likes: 2
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Post by jm72 on Apr 29, 2014 13:40:13 GMT
Anyone have any idea why the following note was added to Loan 2431: 'The direct debit was charged back by the bank, but the borrower has now spoken with the bank which has confirmed that it will make the transfer. This will take 3-4 days, but will result in the loan appearing "late" until payment is made.'?
The reason I ask is that this loan made a payment on 23 April, is up to date with payments and not expected to make another payment until 23 May.
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Post by elljay on Apr 29, 2014 17:31:56 GMT
Maybe the comment was intended for a different loan?
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mikeb
Posts: 1,053
Likes: 463
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Post by mikeb on Apr 29, 2014 18:10:06 GMT
Maybe it was paid on the 23rd, and FC's system is stuck with a status of it being "paid" -- and then the bank (as accused) yanked back the payment.
So, because the payment will honestly and definitely be made in 3-4 days, they're leaving it as "paid" even though it should be "paid, then unpaid, now pending", which they don't have a setting for.
Alternatively, they are still working on the AI system for the automatic comment generator.
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Post by bracknellboy on Apr 29, 2014 18:48:25 GMT
Maybe the comment was intended for a different loan? That was my thinking. Someone should ping FC. I'm trying to downsize on that one as we speak .... so any comments on it are not currently welcome :-)
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Post by captainconfident on Apr 29, 2014 22:46:31 GMT
Alarming. I'm in for at least two rooms and the fire escape on this one. I think I bought one of your loan parts at about 11.45, Brackers. The comment appeared just after 1.00pm.
I certainly need to check out what's going on, as this baffling comment has received a bad reception here.
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Post by captainconfident on May 5, 2014 19:59:59 GMT
I liked this loan and it is one of my biggest holdings. About 2 hours before the comment was posted, I bought a bit more at a 1% mark down, and there was a lot more on at a discount which had appeared that morning. Some people seem to have the gift of knowing that there is an adverse comment coming.
So, fellow board members, hold it or ditch it? I would bale out, but definitely requires taking a loss to jump that queue.
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jimbo
Posts: 234
Likes: 42
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Loan 2431
May 5, 2014 22:51:13 GMT
via mobile
Post by jimbo on May 5, 2014 22:51:13 GMT
Most of mine just got dumped on the secondary market. Thanks for posting your experiences here CC.
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mikeb
Posts: 1,053
Likes: 463
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Post by mikeb on May 6, 2014 17:16:59 GMT
Most of mine just got dumped on the secondary market. Thanks for posting your experiences here CC. 2431: The information was out of date and posted in error. Everything is fine ... Apparently 
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Post by elljay on May 6, 2014 17:30:10 GMT
The Bernard Ingham version of Hanlon's Razor applies?   |
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mikeb
Posts: 1,053
Likes: 463
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Post by mikeb on May 6, 2014 18:39:47 GMT
Looks at your avatar .... Looks at my avatar ... What's a razor? |
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Post by elljay on May 7, 2014 6:34:13 GMT
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Post by aloanatlast on May 7, 2014 7:44:09 GMT
Then there was 4776, which said the DD failed due to bank error last Wednesday, although the payment wasn't due until Saturday. Should have sold it then, it's in retry now.  |
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