bulletbill
Member of DD Central
Posts: 90
Likes: 223
|
Post by bulletbill on Sept 20, 2019 14:58:02 GMT
I think if there was any good news (such as competition today) we would have been informed by now. I'm guessing on an update tonight with more excuses. In the update, MT said there is a straight choice, go for Administration and lose money because of fees and the site fire sale, or continue with the Borrower / Buyer in trying to get this over the line. I have been vociferous in my condemnation of MT's performance on this loan, solely due to their inaction in checking out statements made to them. We need MT to be given "true" facts that can be verified. Whilst the loan is well overdue for redemption, the interest has been serviced apart from the last 3 months, unlike the Scottish Holiday Camp. The interest has been paid by the Buyer along with his legal fees etc and that shows a high level of commitment to get the job done. I am willing to give MT more time to progress the sale but under the condition that the Buyer comes clean. If he hasn't raised the money yet, be truthful and tell us and give a realistic timetable that is verifiable. If it's going to take another 3 months so be it. But give / get us the truth MoneyThing Well said. I think feeding us a lie that is proven to be a lie the very next day is pointless.
|
|
bramhall17
Member of DD Central
Posts: 88 
Likes: 148
|
Post by bramhall17 on Sept 20, 2019 15:08:56 GMT
"We need MT to be given "true" facts that can be verified" More like we need MT to actually start proactively testing & verifying information they are given rather than passively accepting what the borrowers provide.
|
|
upperdeane
Member of DD Central
Posts: 493
Likes: 245
|
Post by upperdeane on Sept 20, 2019 15:42:25 GMT
In my view its a shame MT don't have lender votes to decide on which course of action to take as some other P2P companies do. We (the actual lenders) could then decide what the majority of us want MT to do with regards to each loan at a critical stage such as this.
|
|
|
|
Post by brianac on Sept 20, 2019 15:44:07 GMT
Wonder what todays excuse will be?
Any suggestions, anyone taking odds?
Brian
|
|
|
|
Post by brianac on Sept 20, 2019 15:51:23 GMT
Actually, I can see a certain similarity with the Monty Python Cheese sketch
"no, let me guess ...(lots of cheeses) "do you actually have any cheese" "of course we do sir, this is a cheese shop"
let me see, (more cheese guesses) ... you're lying aren't you" "yes sir," I'm sorry but ....(skip the rest)
(google the full sketch if U like)
Brian
|
|
bulletbill
Member of DD Central
Posts: 90
Likes: 223
|
Post by bulletbill on Sept 20, 2019 15:57:59 GMT
In my view its a shame MT don't have lender votes to decide on which course of action to take as some other P2P companies do. We (the actual lenders) could then decide what the majority of us want MT to do with regards to each loan at a critical stage such as this. I agree in many ways. However, we are never given all the facts to make an informed decision. Personally, I’d vote for the fastest route to get some money back. I’d accept bigger losses to get some money back sooner.
|
|
|
|
Post by quidsaveblue2003 on Sept 20, 2019 15:58:31 GMT
In my view its a shame MT don't have lender votes to decide on which course of action to take as some other P2P companies do. We (the actual lenders) could then decide what the majority of us want MT to do with regards to each loan at a critical stage such as this. ooooooooh nooooooooo!! That would be another Brexit!
|
|
upperdeane
Member of DD Central
Posts: 493
Likes: 245
|
Post by upperdeane on Sept 20, 2019 16:06:04 GMT
In my view its a shame MT don't have lender votes to decide on which course of action to take as some other P2P companies do. We (the actual lenders) could then decide what the majority of us want MT to do with regards to each loan at a critical stage such as this. I agree in many ways. However, we are never given all the facts to make an informed decision. Personally, I’d vote for the fastest route to get some money back. I’d accept bigger losses to get some money back sooner. I'd forgotten about that sketch. I just watched again and it bought a smile to my face. Cheers.
|
|
upperdeane
Member of DD Central
Posts: 493
Likes: 245
|
Post by upperdeane on Sept 20, 2019 16:09:18 GMT
I agree in many ways. However, we are never given all the facts to make an informed decision. Personally, I’d vote for the fastest route to get some money back. I’d accept bigger losses to get some money back sooner. I'd forgotten about that sketch. I just watched again and it bought a smile to my face. Cheers. Sorry... My sketch comment was supposed to be with the cheese comment above. Sorry for the confusion.
|
|
rocky1
Member of DD Central
Posts: 1,139
Likes: 1,963
|
Post by rocky1 on Sept 20, 2019 16:09:24 GMT
In my view its a shame MT don't have lender votes to decide on which course of action to take as some other P2P companies do. We (the actual lenders) could then decide what the majority of us want MT to do with regards to each loan at a critical stage such as this. ooooooooh nooooooooo!! That would be another Brexit! you dont mean a bit like the lendy voting system.what a marvelous thing that was.
|
|
upperdeane
Member of DD Central
Posts: 493
Likes: 245
|
Post by upperdeane on Sept 20, 2019 16:12:11 GMT
ooooooooh nooooooooo!! That would be another Brexit! you dont mean a bit like the lendy voting system.what a marvelous thing that was. No I wasn't meaning Lendy, AC for example have lender votes that set direction at key stages. Anyhow, I realise I've gone off topic a bit. Here's hoping for an update soon re this particular loan.
|
|
IFISAcava
Member of DD Central
Posts: 3,692
Likes: 3,018
|
Post by IFISAcava on Sept 20, 2019 16:13:10 GMT
In my view its a shame MT don't have lender votes to decide on which course of action to take as some other P2P companies do. We (the actual lenders) could then decide what the majority of us want MT to do with regards to each loan at a critical stage such as this. I agree in many ways. However, we are never given all the facts to make an informed decision. Personally, I’d vote for the fastest route to get some money back. I’d accept bigger losses to get some money back sooner. definitely like the Brexit referendum then
|
|
corto
Member of DD Central
one-syllabistic
Posts: 851
Likes: 356
|
Post by corto on Sept 20, 2019 16:38:32 GMT
you dont mean a bit like the lendy voting system.what a marvelous thing that was. No I wasn't meaning Lendy, AC for example have lender votes that set direction at key stages. Anyhow, I realise I've gone off topic a bit. Here's hoping for an update soon re this particular loan. AC's lender votes' outcomes are very predictable.
|
|
corto
Member of DD Central
one-syllabistic
Posts: 851
Likes: 356
|
Post by corto on Sept 20, 2019 16:44:24 GMT
I agree in many ways. However, we are never given all the facts to make an informed decision. Personally, I’d vote for the fastest route to get some money back. I’d accept bigger losses to get some money back sooner. definitely like the Brexit referendum then The facts and lies have been all out in the wild for ages; rejected, and rejected again. Es ist der Geist der stets verneint
|
|
|
|
Post by brianac on Sept 20, 2019 17:58:43 GMT
Maybe the parrot sketch would be more appropriate "that Parrot is dead, defunct, deceased, a stiff, he's shuffled off 'is mortal coil, expired, underneath theground pushin' up daisies, or at least would be if it weren't nailed to that bleeding perch, - he's an Ex Parrot" Brian
|
|
