min
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Post by min on Oct 17, 2016 14:28:38 GMT
Must be the bonus offer. I sold a couple more last Friday. Less than £500 left but the way things are going I'm not confident of getting too much back. Will be happy to get out with a profit. You're still feeling optimistic then ?  Optimistic-ish. However any more defaults and it'll soon turn to pessimism.
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pip
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Post by pip on Oct 17, 2016 15:19:19 GMT
To be honest I have given up caring about this one. I'm going to let all my loans work their way through, whatever I get back is a bonus.
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arbster
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Post by arbster on Oct 17, 2016 15:48:32 GMT
To be honest I have given up caring about this one. I'm going to let all my loans work their way through, whatever I get back is a bonus. I've a similar view. The chances are the loans to the few decent companies they've got on their books will sell quickly on the SM, leaving the early leavers with the soon-to-default trash, and no upside. The interest rates on the loans that are repaying are decent. Certainly shows how risky unsecured corporate lending is, and puts FC's performance into perspective.
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sildenafil
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Post by sildenafil on Oct 18, 2016 18:15:16 GMT
By the looks of it I dodged this one but can't figure out what the name of the company is. Can anyone PM it to me please?
Many thanks
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TheDriver
Member of DD Central
Slightly bonkers
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Post by TheDriver on Oct 18, 2016 18:55:53 GMT
sildenafil ; Presuming you've had an answer by now, you may have lost track of it when name changed from [MOD: BB: REDACTED: Identifies borrower]
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adrianc
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Post by adrianc on Oct 18, 2016 19:38:03 GMT
TheDriver - I think you might be sailing a little close to the wind with that hint... sildenafil - if you don't own it, you won't be seeing the loan anywhere on the site, I don't think. It is/was a specialist clothing retailer in a poshish bit of the NW.
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annie
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Post by annie on Oct 19, 2016 9:31:18 GMT
It is/was a specialist clothing retailer in a poshish bit of the NW. And there in lies the problem. They wont have any stock - designers samples. And which brides to be will pay 50% deposit when the creditors liquidation is in public domain? Can only hope there is a real asset behind the directors' guarantee. Maybe ex-polis don't make for good finance directors...
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pip
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Post by pip on Oct 25, 2016 11:17:41 GMT
They could do with updating their 'happy ending' section for this one in their case-study.
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adrianc
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Post by adrianc on Nov 21, 2016 9:50:52 GMT
And, finally, proof that there might be intelligent life somewhere out there...
...or maybe not.
A month since the last comment, and that's it?
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adrianc
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Post by adrianc on Jan 17, 2017 10:19:50 GMT
And, finally, proof that there might be intelligent life somewhere out there... ...or maybe not. A month since the last comment, and that's it? And another two months later, we get... We have been advised that the Guarantors are to enter into Individual Voluntary Arrangements. An insolvency practitioner has been instructed to proceed on these lines and we are awaiting formal notification as to the Guarantors proposals. A further up date will be provided by no later than the end of the month albeit we hope to be able to confirm the IVA situation earlier than this. There's lovely for you.
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pip
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Post by pip on Jan 17, 2017 10:54:15 GMT
And, finally, proof that there might be intelligent life somewhere out there... ...or maybe not. A month since the last comment, and that's it? And another two months later, we get... We have been advised that the Guarantors are to enter into Individual Voluntary Arrangements. An insolvency practitioner has been instructed to proceed on these lines and we are awaiting formal notification as to the Guarantors proposals. A further up date will be provided by no later than the end of the month albeit we hope to be able to confirm the IVA situation earlier than this. There's lovely for you. But still no default....
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Jan 17, 2017 11:28:26 GMT
Maybe we should just draw a veil over this one  |
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pip
Posts: 542
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Post by pip on Jan 17, 2017 11:31:14 GMT
Maybe we should just draw a veil over this one Fine but if they don't default before end of year we cannot offset this loss against other p2p income 
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adrianc
Member of DD Central
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Post by adrianc on Jan 17, 2017 14:08:35 GMT
Maybe we should just draw a veil over this one No bouquets, just brickbats.
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adrianc
Member of DD Central
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Post by adrianc on Jan 31, 2017 13:51:58 GMT
We have been in contact with the Insolvency practitioner dealing with this situation who has advised us that they are still compiling a Statement of Assets and Liabilities and Income and Expense statements for the Guarantors prior to advising creditors of their proposals for debt reduction. We will update you further once this information comes to hand.
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