kermie
Member of DD Central
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Post by kermie on Jul 4, 2014 19:26:57 GMT
This one is dragging on. Having used my shadow bid limit at the time this opened, I bid with real funds, which have now been tied up for nearly 2 months. Judging by the Q&A on the loan page, a lot of other people are fed up too. I think AC should have given the option at the time (esp when some significant details emerged after auction) close that borrowers didn't disclose) to withdraw bids if so wished. andrewholgate, any updates on this one or can we have funds back/bids cancelled?! I think I read somewhere that the borrower has been given till the 11th to sort their act out.
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Jul 4, 2014 20:03:51 GMT
This one is dragging on. Having used my shadow bid limit at the time this opened, I bid with real funds, which have now been tied up for nearly 2 months. Judging by the Q&A on the loan page, a lot of other people are fed up too. I think AC should have given the option at the time (esp when some significant details emerged after auction) close that borrowers didn't disclose) to withdraw bids if so wished. andrewholgate, any updates on this one or can we have funds back/bids cancelled?! I think I read somewhere that the borrower has been given till the 11th to sort their act out. 11th July is correct indeed & remains to be seen if it does materialise. It still doesn't excuse the long delays on the borrower's part
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Post by andrewholgate on Jul 5, 2014 19:17:12 GMT
This one is dragging on. Having used my shadow bid limit at the time this opened, I bid with real funds, which have now been tied up for nearly 2 months. Judging by the Q&A on the loan page, a lot of other people are fed up too. I think AC should have given the option at the time (esp when some significant details emerged after auction close that borrowers didn't disclose) to withdraw bids if so wished. andrewholgate, any updates on this one or can we have funds back/bids cancelled?! Let me check on Monday.
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Post by Ton ⓉⓞⓃ on Jul 10, 2014 18:00:19 GMT
This one disappeared quietly, perhaps best.
Liverpool Electric.
IN EDIT Sorry I see this proposal is still on the site awaiting the borrower... I think the A/c Dashboard screen is just too big, it needs to be collapsible.
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kermie
Member of DD Central
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Post by kermie on Jul 10, 2014 18:13:15 GMT
This one disappeared quietly, perhaps best. Liverpool Electric. Huh? I've still got this one (#92) listed as awaiting drawdown...deadline for borrower is tomorrow.
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Post by Ton ⓉⓞⓃ on Jul 10, 2014 18:15:42 GMT
you're right I'm wrong.
IN EDIT You know I just sold £500 of Wrexham to cover my position in Liverpool Electric and it was all immediately taken by mandates. A few days ago I sold some and they sat on the AM for a short while. I now wondering if that was so clever...
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
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Post by j on Jul 10, 2014 21:31:33 GMT
you're right I'm wrong. IN EDIT You know I just sold £500 of Wrexham to cover my position in Liverpool Electric and it was all immediately taken by mandates. A few days ago I sold some and they sat on the AM for a short while. I now wondering if that was so clever... You're not alone Ton ⓉⓞⓃ, we've all done it! It's not always the first thought in your mid to switch off all AI mandates when you sell units to cover a bid then find the funds used up by AI.
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Post by mrclondon on Jul 10, 2014 21:41:48 GMT
you're right I'm wrong. IN EDIT You know I just sold £500 of Wrexham to cover my position in Liverpool Electric and it was all immediately taken by mandates. A few days ago I sold some and they sat on the AM for a short while. I now wondering if that was so clever... You're not alone Ton ⓉⓞⓃ, we've all done it! It's not always the first thought in your mid to switch off all AI mandates when you sell units to cover a bid then find the funds used up by AI. At present a simpler solution is to set a large pre-bid on one of the three basket cases which will then hide that amount of cash from AI (even for those with shadow accounts).
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
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Post by j on Jul 10, 2014 21:45:09 GMT
A simple one would be to have a universal on/off button that remembers the last AI settings on individual loans & can simply be switched either way on demand
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Post by chris on Jul 11, 2014 7:22:17 GMT
You're not alone Ton ⓉⓞⓃ, we've all done it! It's not always the first thought in your mid to switch off all AI mandates when you sell units to cover a bid then find the funds used up by AI. At present a simpler solution is to set a large pre-bid on one of the three basket cases which will then hide that amount of cash from AI (even for those with shadow accounts). This will no longer work - see the other thread about AI.
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Post by mogzi on Jul 11, 2014 14:16:11 GMT
Any updates on the drawdown of this loan? These Liverpool loans are becoming a thorn in my side..
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smee
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Post by smee on Jul 11, 2014 16:07:11 GMT
Update now showing on loan page.
4percent payable weeks 4-8
8 percent from now on, but drawdown expected soon
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thebillet
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Post by thebillet on Jul 11, 2014 16:09:23 GMT
It says the deadline has not been met. It also says there has been an extension granted at 8% per annum equivalent.
What strikes me is, when is a deadline not a deadline?
An extension at a third or so percentage less than the offer rate.
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Post by Ton ⓉⓞⓃ on Jul 11, 2014 18:09:42 GMT
It says the deadline has not been met. It also says there has been an extension granted at 8% per annum equivalent.
What strikes me is, when is a deadline not a deadline?
An extension at a third or so percentage less than the offer rate. I'm guessing but it's possible that HMRC has paid up the refund thus delaying the need of this loan. It's sensible business from his point of view, at least something is being promised i.e. 8% or whatever. A deadline is not a deadline when the money's right.
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
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Post by j on Jul 11, 2014 22:44:37 GMT
It says the deadline has not been met. It also says there has been an extension granted at 8% per annum equivalent.
What strikes me is, when is a deadline not a deadline?
An extension at a third or so percentage less than the offer rate. I'm guessing but it's possible that HMRC has paid up the refund thus delaying the need of this loan. It's sensible business from his point of view, at least something is being promised i.e. 8% or whatever. A deadline is not a deadline when the money's right. Is it right @ 8% though after a lengthy delay, rather than say 12%? I would still say I'd like the option of requesting funds committed back if such long delays arise where investors feel they may want to invest in other loans or Am that are paying immediately
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