averageguy
Member of DD Central
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Post by averageguy on Mar 8, 2020 11:50:30 GMT
averageguy.... Do you believe your telephone calls did anything positive towards either expediting or at least progressing the outcome of any default? I ask that seriously. It was my understanding that MT did not disclose anything to lenders in private communications. Although given where their platform is now, with no secondary market for any 'inside' information to be of benefit, there would seem other than common decency to all lenders, no reason for MT staff not to speak openly and honestly over the telephone. Did you gleam anything germane in your telephone chat(s)? I also hope that your above post does not have an effect I do not believe you intended. By advocating 'another way to skin a cat', might more disgruntled lenders take to telephone MT to express their dissatisfaction. Each to their own I am sure most people agree, and if a lender wants to 'rant', for me, it's better done here in a semi controlled manner, rather than down the telephone to MT. I wonder how many telephone calls from irate lenders MT have had to terminate [rhetorical]. We all want the same thing, as much of the money we are owed repaid to us. We just disagree on how much influence we have in the process. My point was that having a rant is not necessarily the best way to achieve your objective. I can only recall one email to MT when I wasn’t as polite as I would have liked. I generally email MT when I have a ‘significant’ question Lastly I have never been given (or would I expect to be) privileged information by MT
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Mar 9, 2020 15:12:42 GMT
Ah well, at least the interest payment has been made; now in accounts
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criston
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Post by criston on Mar 9, 2020 15:25:57 GMT
To follow
Two-months of interest arrears on the 24th March Two-months on the 24th April Two-months on the 24th May Final redemption on or before the 10th June.
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travolta
Member of DD Central
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Post by travolta on Mar 9, 2020 15:47:41 GMT
We have interest .Yip! Thank you Things.
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cedarcourtcapital
Member of DD Central
Listening is not the same as understanding
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Post by cedarcourtcapital on Mar 9, 2020 17:32:11 GMT
To follow Two-months of interest arrears on the 24th March Two-months on the 24th April Two-months on the 24th May Final redemption on or before the 10th June. Anyone care to quantify the odds of all of the above happening on time? An easier one them... That the interest payment due on 24th March will be paid on time? One last one, that MT will foreclose on or before 10th June?
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pickles
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Post by pickles on Mar 9, 2020 18:54:49 GMT
To follow Two-months of interest arrears on the 24th March Two-months on the 24th April Two-months on the 24th May Final redemption on or before the 10th June. Anyone care to quantify the odds of all of the above happening on time? An easier one them... That the interest payment due on 24th March will be paid on time? One last one, that MT will foreclose on or before 10th June? Zero, zero and zero. What do I win?
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criston
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Post by criston on Mar 11, 2020 8:25:54 GMT
With the 4/3/20 update not mentioning any buyer, but suggesting refinance, would a finance company offer credit to the existing borrower, knowing their record with this loan ?
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micky
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Post by micky on Mar 13, 2020 14:10:51 GMT
Looks like a new marketing campaign began on 4th March 2020. See DD for website link.
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tony9239
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Post by tony9239 on Mar 24, 2020 10:08:06 GMT
Anyone care to quantify the odds of all of the above happening on time? An easier one them... That the interest payment due on 24th March will be paid on time? One last one, that MT will foreclose on or before 10th June? Zero, zero and zero. What do I win? On the contrary, there are 2 chances of this happening today - fat chance and no chance!
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Post by Badly Drawn Stickman on Mar 24, 2020 10:15:27 GMT
Zero, zero and zero. What do I win? On the contrary, there are 2 chances of this happening today - fat chance and no chance! You have got revised proposals, that has to count as something? Annoying maybe.
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criston
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Post by criston on Mar 24, 2020 12:50:05 GMT
Negative update
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toffeeboy
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Post by toffeeboy on Mar 24, 2020 13:53:18 GMT
Revised proposals that need considering really doesn't sound good at all.
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hazellend
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Post by hazellend on Mar 24, 2020 14:11:45 GMT
I think the borrower may hide behind Covid as an excuse.
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joe91
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Post by joe91 on Mar 25, 2020 3:24:33 GMT
Looks like a new marketing campaign began on 4th March 2020. See DD for website link. Thanks, but I'm not worthy.
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micky
Member of DD Central
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Post by micky on Mar 28, 2020 13:55:04 GMT
We are still waiting for MT to update us-re the new proposals.
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