SteveT
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Post by SteveT on Jan 27, 2017 15:57:28 GMT
Light at the end of the tunnel? No, it's some more trains coming down the track ...
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stub8535
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Post by stub8535 on Jan 27, 2017 16:51:55 GMT
Anyone want to sell railwayana 3, Trains, Trains and memorabilia I am in the market. Looking for 1% discount or better.
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mikes1531
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Post by mikes1531 on Jan 27, 2017 18:18:32 GMT
Anyone want to sell railwayana 3, Trains, Trains and memorabilia I am in the market. Looking for 1% discount or better. : If you haven't already seen them, there are two £50 parts of Railwayana 4 (1439986541) for sale at 1% discount. Disclosure: One of those is mine.
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stub8535
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Post by stub8535 on Jan 27, 2017 18:22:15 GMT
Nice try but I am at my lower limit on number 4. May revisit when all are at lower limit.
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stub8535
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Post by stub8535 on Jan 27, 2017 18:28:17 GMT
In msg 17 I used the titles of the loans I am interested in. Numbers ending 51665, 49886 and 59607. I will also take 73307 and 25938 at -1 or better.
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mikes1531
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Post by mikes1531 on Jan 27, 2017 18:43:00 GMT
In msg 17 I used the titles of the loans I am interested in. Numbers ending 51665, 49886 and 59607. I will also take 73307 and 25938 at -1 or better. : Ever eager to please, I've just put £50 of 73307 for sale at 1% discount. PS. Can't help with the others -- either I never had any, or I've already sold what I did have, possibly to you.
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stub8535
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Post by stub8535 on Jan 27, 2017 18:52:58 GMT
Thanks Mike
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archie
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Post by archie on Jan 28, 2017 8:13:54 GMT
Borrower has pledged further goods, should all get resolved this time at least.  |
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ben
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Post by ben on Jan 28, 2017 9:29:53 GMT
Not quite sure how the borrorower ever intends to repay any of these loans, each time a renewal comes up they just seem to offer more assets and issue a new loan.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jan 28, 2017 11:26:54 GMT
I'm not in The Trains, but I keep wondering why doesn't the Borrower just bite the bullet and (reluctantly) just part with and sell some of their trinkets directly into the market they surely know very well and where they'll get the best prices? Obv we don't know their situation and they may be sweating on the sale/s of another asset (house/car/boat/?) but seems to me they've been racking up interest from which there now seems no escape? I was astute enough to barge pole these baubles, not so lucky with some other FS Loans, I'm a sucker for boats!  |
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stub8535
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Post by stub8535 on Jan 28, 2017 12:49:16 GMT
I love a free market. Opposing views create opportunities. These are, like has been said before, marmite loans.
Posters are right in that we dont know the circumstances of the borrower. In this situation fs can't, correctly for security reasons, tell us about this.
They must be comfortable with affordability and creditworthiness or they would not renew loans, as they recently did and soon will.
I will stick with it for now. Plenty of other stuff for those that dont like the risk on this asset.
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ozboy
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Post by ozboy on Jan 28, 2017 13:45:39 GMT
No argument there stub8535, I've met a few of these "Trainy's" (R U 1?!), they're absolutely nuts about their hobby/past-time (Rod Stewart!) and throw money at it so there's probably a good chance that if there's a default these things may well go for a good excess of their Valuation. That'd be a first?!!! You seem confident and to know your stuff on these stub8535 but I'm still glad not to be involved. |
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mikes1531
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Post by mikes1531 on Jan 28, 2017 14:00:26 GMT
They must be comfortable with affordability and creditworthiness or they would not renew loans, as they recently did and soon will. Either that or they haven't a clue how the borrower is going to extricate themselves from this spiral and are willing to do an 'extend and pretend' in the hope that lightning strikes the borrower and they come into a large sum of money -- soon. I wonder if FS know how much more pawnable assets this borrower has? If the new assets don't happen to be train/railway related, I do hope FS indicate in the new loan description that the borrower has a lot of other loans from FS outstanding.
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archie
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Post by archie on Jan 28, 2017 14:42:57 GMT
I did wonder if FS use specialist auctions for items such as these model trains? They should be able to recover any defaulted loans if they do.
I wish they would include the exit strategy in the loan description (if there is one).
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ben
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Post by ben on Jan 28, 2017 16:17:25 GMT
I did wonder if FS use specialist auctions for items such as these model trains? They should be able to recover any defaulted loans if they do. I wish they would include the exit strategy in the loan description (if there is one). With pawn items there usally is no exit strategy either is the borrorwer will repay or not, as the loan is on the actually asset rather then a construction project with a clear objective.
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