kevinkelly
Member of DD Central
Posts: 96 
Likes: 37
|
Post by kevinkelly on Feb 19, 2017 17:59:05 GMT
*h*** *****R (*********) L**
Can someone decipher that for me please?
|
|
|
|
Post by es2013david on Feb 20, 2017 9:29:49 GMT
|
|
|
|
Post by captainconfident on Feb 23, 2017 15:57:13 GMT
You need to speak fluent asterisk to keep track of your ReBs loans.
|
|
|
|
Post by es2013david on Feb 23, 2017 18:34:50 GMT
The grim reality is that we too often lend thousands to men of straw, on the flimsy claim of forward orders and wonderful prospects. Watch Dragons Den and watch Deb. Meadon tear applicants to pieces when they produce pieces of paper purporting to be "firm orders" from blue chip companies. If they can get through to the recording stage then heaven help us! Dilly dallying over the applicants rights to confidentiality - particularly about property - means we can't begin to get to grips with the truth. Together with G* F**** mentioned on this thread we have P****** T******* L****** where we are now told that the unnamed security has been sold well below estimate. I think I know the property involved but I can't tie in the claimed earlier purchase date or price from gov't info., nor was ever disclosed that it contained flats and a "shop/training facility", so how can we do our own due diligence? Moreover the real security, (the "family" home) was ignored, despite a co-director being the only other adult occupant. It does have good value, though I suspect very little equity. Obviously A & * N*** was only ever a rented shop but proper details of the lease, details of staffing and family ties would have been useful pointers to commitment and the likelihood of a runner. I'm still here, but I'm no longer interested in hard luck stories and borrowers who don't seem squeaky clean, whatever the rate.
|
|
|
|
Post by dodgeydave on Feb 24, 2017 0:24:12 GMT
You need to speak fluent asterisk to keep track of your ReBs loans. Yes,   , news filtering back during the course of today has been truly awful with respect to the prospect of Any dividend being received by lenders on many of our defaulted loans, Catastrophic news has been delivered to the in boxes of thousands of Former and Current ReBS lenders. To be quite honest there isn't much point in me updating to this thread such is the extent of the awful news. To add to this grim situation and profound sense of loss it has also come to my attention today that G* F**** (*o**) L** has just been placed into receivership representing a further £295,000 of lender funds entering default. At this point I'd like to seek dodgeydave 's meticulous statistical help to provide an update as to the current state of the ReBS loan book, Dave if you're willing/able please could I ask you to provide the total £X,XXX,XXX default/bad debt figure for the Platform then express this as a % of total lent funds? Thanks. @magenta14 If you use ReBS own figures . There loan book is 11.2 million and defaults are 14.8% . So thats about 1.6 million in default . Registered users: 7074 Applications this week: 1 Live loan auctions: 3 Total funds lent: £11.2 m Average gross yield: 17.0% Default rate: 14.8%
|
|
, news filtering back during the course of today has been truly awful with respect to the prospect of Any dividend being received by lenders on many of our defaulted loans, Catastrophic news has been delivered to the in boxes of thousands of Former and Current ReBS lenders.