Balder
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Post by Balder on Mar 1, 2017 10:46:10 GMT
Has the provision fund value been removed from the website - it was there yesterday, can't see it now.
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mikeh
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Post by mikeh on Mar 1, 2017 11:00:42 GMT
Has the provision fund value been removed from the website - it was there yesterday, can't see it now. I hope this isn't a bad sign. It was showing around £3.1m yesterday IIRC.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Mar 1, 2017 11:02:19 GMT
Has the provision fund value been removed from the website - it was there yesterday, can't see it now. You're right - it's gone...
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Post by onion12 on Mar 1, 2017 13:47:20 GMT
Seems We have 3 new default loans today unless I am seeing things
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jamesc
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Post by jamesc on Mar 1, 2017 14:15:40 GMT
Seems We have 3 new default loans today unless I am seeing things I think a few people got a shock because whilst loan availability on the main SM has remained small the loan availability of the three defaulted loans has been rising all day. I wonder how long before the penny will drop that there are a lot more loans that will join them shortly ?
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Mar 1, 2017 14:18:39 GMT
Seems We have 3 new default loans today unless I am seeing things Was expected with the new rules - loans that go past 180 days negative period will now default
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Post by Deleted on Mar 1, 2017 14:32:35 GMT
All three default loans have sold parts today.........................................?
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jamesc
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Post by jamesc on Mar 1, 2017 14:37:25 GMT
All three default loans have sold parts today.........................................? But maybe before they got sent to the naughty corner at sometime after 9am, just about as much as I have ever seen available on 74 & 75.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Mar 1, 2017 14:52:04 GMT
No red box - I withdrew some funds today, and the Leatherhead loan appeared on the "are you sure you don't want to invest...." list. With no red box, some may not know it has defaulted. Something to fix, I would think savingstream
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Post by geraldine1210 on Mar 1, 2017 16:40:00 GMT
No red box - I withdrew some funds today, and the Leatherhead loan appeared on the "are you sure you don't want to invest...." list. With no red box, some may not know it has defaulted. Something to fix, I would think savingstream Agreed.
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am
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Post by am on Mar 1, 2017 16:42:47 GMT
No red box - I withdrew some funds today, and the Leatherhead loan appeared on the "are you sure you don't want to invest...." list. With no red box, some may not know it has defaulted. Something to fix, I would think savingstream Perhaps that explains the recent £4k purchase of PBL020.
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GeorgeT
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Post by GeorgeT on Mar 1, 2017 16:49:53 GMT
No red box - I withdrew some funds today, and the Leatherhead loan appeared on the "are you sure you don't want to invest...." list. With no red box, some may not know it has defaulted. Something to fix, I would think savingstream Perhaps that explains the recent £4k purchase of PBL020. I don't think so because PBL020 had a big red default box. The current defaulted loans do not so their status is easier to miss. The purchase of £4k in PBL020 may have been down to ignorance, bravado, error or perhaps insider knowledge.
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ben
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Post by ben on Mar 1, 2017 16:50:38 GMT
I was expecting to see a few more in the default area. I wonder how much the FCA like the new default policy.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Mar 1, 2017 17:17:23 GMT
I was expecting to see a few more in the default area. I wonder how much the FCA like the new default policy. Give it 13 days and you will see 8 more A default is now simply dependent on term, not receivers or administrators (it would seem) Several loans where receivers or administrators are involved are not showing as defaulted, but you could argue should be. As discussed the other day, a lot does depend on platform policy, but this new policy seems to only affect the investors; I don't think there is any change to how SS treat borrowers at negative 180 days So a loan can default, and the borrower can send funds which will take the loan out of default but can still be in arrears. Don't get me wrong, I'm glad there is clarity, but IMO the new policy should affect both borrowers and lenders, so we know exactly what is going on. savingstream / Paul64 - can you provide any indication what now actually happens at negative 180 days to the borrower? Is that the point a receiver/ administrator now gets appointed?
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ablender
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Post by ablender on Mar 1, 2017 17:42:28 GMT
Has the provision fund value been removed from the website - it was there yesterday, can't see it now. You're right - it's gone... And the following has been added: "If the Provision Fund is used to cover a shortfall in asset disposal, then it may take time to top the Provision Fund back up from company cashflow." I never saw this before.
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