cooling_dude
Bye Bye's for the PPI
Posts: 2,853
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Post by cooling_dude on Mar 28, 2017 18:49:21 GMT
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guff
Posts: 730
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Post by guff on Mar 28, 2017 19:20:33 GMT
The name of the Finance Director made me chuckle.
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Post by dan1 on Mar 28, 2017 19:41:19 GMT
I'd like to know too. Extract from huddlecapital.com/risks-business-lending/ ... (my bold btw) Risk Management Ablrate applies a risk management approach that it believes is appropriate for each loan. The application of any risk management approach involves numerous judgments and qualitative assessments. No risk management system is fail-safe, and no assurance can be given that the Company’s risk control framework will achieve its objectives.Recognise the site icon on the Login page?!
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Mar 28, 2017 19:47:19 GMT
I'd like to know too. Extract from huddlecapital.com/risks-business-lending/ ... (my bold btw) Risk Management Ablrate applies a risk management approach that it believes is appropriate for each loan. The application of any risk management approach involves numerous judgments and qualitative assessments. No risk management system is fail-safe, and no assurance can be given that the Company’s risk control framework will achieve its objectives.Recognise the site icon on the Login page?! Yep... And also... When you sign up, you get a "term for borrowers", which is just Ablrate Term for borrowers (with Ablrate name throughout)... Strangely, on the Lender Terms, ablrate is not mentioned. There is a connection to a ABL borrower with this "Huddle Capital" (who I can't mention for obvious reasons. However, it is the containers and film studio loan)
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hazellend
Member of DD Central
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Post by hazellend on Mar 28, 2017 19:51:31 GMT
From the website:
"Currently, we have an arrangement with RebuildingSociety.com, who is a regulated and experienced peer to the business lender, who will administer the loans until the loan is fully wound down.Of course, we stop providing any new loans at the point where we are no longer able to trade."
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,442
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Post by stub8535 on Mar 28, 2017 20:08:28 GMT
hazellend sorry if this seems thick but could you elaborate on which platform uses rebs as a loan rundown vehicle please?
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
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Post by Neil_P2PBlog on Mar 28, 2017 20:15:26 GMT
Huddle Capital is an Appointed Representative of Rebuilding Society
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hazellend
Member of DD Central
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Post by hazellend on Mar 28, 2017 20:19:37 GMT
hazellend sorry if this seems thick but could you elaborate on which platform uses rebs as a loan rundown vehicle please? nope, just copied and pasted that line from their website.
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Post by dan1 on Mar 28, 2017 20:24:59 GMT
There is a connection to a ABL borrower with this "Huddle Capital" (who I can't mention for obvious reasons. However, it is the containers and film studio loan) As I understand, C*****s G***p H******s Ltd are linked to 37, 39, 46, 49 & 62 on ABL (I also recall they are linked to PBL055 & PBL057 on SS?) ACF, APF and the vehicle dealership are connected, and they account for 13 loans. ABL 60 (APF) and 41 (B**********t Ltd) are also connected. Huddle is appears to be linked to a large proportion of the ABL loan book. Getting a handle on connected borrowers across loans/platforms isn't trivial but vital to limit exposure and manage risk.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 28, 2017 22:27:12 GMT
Cant see any reference to Huddle on FCA register, unsurprising as it isnt currently carrying out regulated activities
Rebs doesnt have any AR listed and I dont think it has the necessary permission to act a principal.
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,442
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Post by stub8535 on Mar 29, 2017 7:00:19 GMT
What is the nature of huddles link to p2p loans individually or by platform? Are they an introducer/ broker of loans and/ or capital or is it some other link? Maybe I will call the listed platforms through which I lend to find out later today. I want no link to an ailing platform filtering through negatively to the ones I use.
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Post by ablrate on Mar 29, 2017 9:09:42 GMT
Hi All
Huddle have white labelled our tech. It appears they had some code still pointing to us... developers sorted and suitable words exchanged!
Regards
Ablrate
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,442
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Post by stub8535 on Mar 29, 2017 9:10:28 GMT
Contact with ab delayed till tomorrow. Will report back unless rep of company gets here first or the person I speak to tomorrow wishes to answer himself.
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markdirac
Member of DD Central
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Post by markdirac on Mar 29, 2017 13:44:59 GMT
Hi All Huddle have white labelled our tech. ,... Regards Ablrate And how are Rebuilding Society involved please ablrate?
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Mar 29, 2017 13:51:49 GMT
Hi All Huddle have white labelled our tech. ,... Regards Ablrate And how are Rebuilding Society involved please ablrate? It would be best to contact Huddle Or Rebuilding Society I guess. Seems ABL has sold its concept (Website, basic idea etc etc) and not involved in the day to day running of Huddle platform
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