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Post by gaspilot on Jan 21, 2024 17:46:31 GMT
So............ will we get paid this week then? Answers on a postcard.
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r1200gs
Member of DD Central
Posts: 1,336
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Post by r1200gs on Jan 23, 2024 12:08:15 GMT
So............ will we get paid this week then? Answers on a postcard. Only if they run out of excuses not to pay you. I think that before handing out funds to us they actually hold an emergency meeting and brainstorming session on ways they can possibly dream up to justify not paying out. SOMEBODY THINK OF SOMETHING, ANYTHING, ANYBODY!? The funds from the tower block have been sitting there since July 2020, here we are in January 2024.
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Post by Gisele on Jan 24, 2024 10:35:42 GMT
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Post by overthehill on Jan 24, 2024 12:01:37 GMT
All sundry creditors and opportunists were given a very generous claim window which has now expired on the 19 jan.
So how long does it take to click the payment button with a mouse or add an update stating an unhappy creditor intends to file a lawsuit sometime in the near future so payment must be delayed.
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mah
Member of DD Central
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Post by mah on Jan 28, 2024 11:43:38 GMT
It Does take quite long to invent discover that unhappy creditor and also to calculate the right amount of man hours that can be charged for clicking that very costly button.
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Post by overthehill on Feb 6, 2024 14:56:41 GMT
Dear Administrators,
Either pay what is due to investors or communicate why you won't or can't.
I trust it's not too much to ask that you don't behave like so many Fundingsecure borrowers ?
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Post by overthehill on Feb 12, 2024 20:00:02 GMT
Still waiting...
Do we have a disgruntled lender in both loans, possibly justifiable if they invested a large sum ? Hard to say with zero information and communication.
1st charge lender property 1 : why are you giving 20% of my returns to lenders of a different loan but with a 2nd charge on my loan ?
1st charge lender property 2: I was told the loan had a 1st charge against both properties and 20% isn't sufficient seeing I got practically hee-haw back from property 2 ?
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Post by gaspilot on Feb 15, 2024 11:26:57 GMT
Still waiting...
Do we have a disgruntled lender in both loans, possibly justifiable if they invested a large sum ? Hard to say with zero information and communication.
1st charge lender property 1 : why are you giving 20% of my returns to lenders of a different loan but with a 2nd charge on my loan ?
1st charge lender property 2: I was told the loan had a 1st charge against both properties and 20% isn't sufficient seeing I got practically hee-haw back from property 2 ?
That was my thought too. Why can't they just be honest and tell us why we haven't been paid OUR money?
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Post by overthehill on Mar 22, 2024 18:48:00 GMT
The silence is deafening.
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merlin99
Member of DD Central
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Post by merlin99 on Apr 2, 2024 11:44:35 GMT
The silence is deafening. Further communication today. Did not say much other than it is still encountering problems in paying out.
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Post by overthehill on Apr 11, 2024 16:05:26 GMT
Looks like the 1st charge loan 8010286828 is taking priority which was the administrator's original move. Another 28 days to let investors decide if court is worth it.
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agent69
Member of DD Central
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Post by agent69 on Apr 11, 2024 16:22:06 GMT
Looks like the 1st charge loan 8010286828 is taking priority which was the administrator's original move. Another 28 days to let investors decide if court is worth it. I received the email, but didn't realise I was in one of the loans.
Not holding my breath.
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Post by overthehill on Apr 11, 2024 17:33:28 GMT
Looks like the 1st charge loan 8010286828 is taking priority which was the administrator's original move. Another 28 days to let investors decide if court is worth it. I received the email, but didn't realise I was in one of the loans.
Not holding my breath.
The one paying back is the larger one , about 650k loan I think.
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SteveT
Member of DD Central
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Post by SteveT on Apr 11, 2024 17:49:12 GMT
Looks like the 1st charge loan 8010286828 is taking priority which was the administrator's original move. Another 28 days to let investors decide if court is worth it. Which is exactly as it should be. It’s ludicrous that the administrators ever gave the time of day to claims from certain 2nd-charge lenders that they should suddenly rank equally with the 1st-charge lenders. The loan details made it perfectly clear that the 2nd-charge loan ranked behind the 1st-charge, which is why it paid the higher rate of interest. Anyone thinking they can convince a court otherwise is deluded and will incur substantial costs in finding that out.
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agent69
Member of DD Central
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Post by agent69 on Apr 11, 2024 18:13:03 GMT
Looks like the 1st charge loan 8010286828 is taking priority which was the administrator's original move. Another 28 days to let investors decide if court is worth it. I received the email, but didn't realise I was in one of the loans.
Not holding my breath.
So the first FS loan was a second charge, and the second loan (8010286828) bought out the original lender and became the first charge?
Having checked I'm in loan 2 for £61.40, so might see a bit back.
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