averageguy
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Post by averageguy on Apr 3, 2020 13:33:53 GMT
We are still waiting for MT to update us-re the new proposals. I’ve emailed a couple of times this week requesting an update re proposals no reply as yet .. my guess is that they are still negotiating
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micky
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Post by micky on Apr 3, 2020 14:26:27 GMT
Yes,I have messaged them also. I guess that they've been really busy with the Newcastle Loan.
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Post by marcusponds on Apr 8, 2020 9:00:38 GMT
Yes,I have messaged them also. I guess that they've been really busy with the Newcastle Loan. The borrower "has Covid 19 symptoms" No comment.
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Post by queenvictoria on Apr 9, 2020 23:22:43 GMT
Yes,I have messaged them also. I guess that they've been really busy with the Newcastle Loan. The borrower "has Covid 19 symptoms" No comment. If any borrower was going to develop symptoms at a critical juncture it was going to be this one. I wish them a very speedy recovery but I imagine they may be feeling too poorly to pay for a little while yet.
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averageguy
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Post by averageguy on Apr 10, 2020 12:14:57 GMT
The borrower "has Covid 19 symptoms" No comment. If any borrower was going to develop symptoms at a critical juncture it was going to be this one. I wish them a very speedy recovery but I imagine they may be feeling too poorly to pay for a little while yet. Agree with all that...hard one for MT to argue with for a couple of weeks
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Post by rollercoaster on Apr 10, 2020 20:50:30 GMT
I hope moneything question the seriousness of the symptoms. A lot of us have worked whilst having symptoms. 2 weeks self isolation doesn't mean the world stops.
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hazellend
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Post by hazellend on Apr 11, 2020 7:06:28 GMT
I hope moneything question the seriousness of the symptoms. A lot of us have worked whilst having symptoms. 2 weeks self isolation doesn't mean the world stops. That would be a bit silly to be honest. No choice but to assume the borrower doesn’t feel well enough to do business for the next couple of weeks best case.
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johni
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Post by johni on Apr 11, 2020 9:20:20 GMT
I hope moneything question the seriousness of the symptoms. A lot of us have worked whilst having symptoms. 2 weeks self isolation doesn't mean the world stops. And that's why 866 people died yesterday!!
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agent69
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Post by agent69 on Apr 11, 2020 9:38:19 GMT
I hope moneything question the seriousness of the symptoms. A lot of us have worked whilst having symptoms. 2 weeks self isolation doesn't mean the world stops. That would be a bit silly to be honest. No choice but to assume the borrower doesn’t feel well enough to do business for the next couple of weeks best case. Irrespective of the current virus situation, it is a matter of fact that borrowers in distressed loans are disproportionately likely to be sufficiently ill to be unable to correspond with anyone about their debts.
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Post by rollercoaster on Apr 11, 2020 14:20:19 GMT
I hope moneything question the seriousness of the symptoms. A lot of us have worked whilst having symptoms. 2 weeks self isolation doesn't mean the world stops. And that's why 866 people died yesterday!! Er no. Self isolation and continuing to work are not mutually exclusive. Getting finance is done remotely these days. A more concrete Coronavirus excuse would be that very few people are lending money right now, so refinance is not possible. Neither is selling the land though. Is MT offering interest holidays due to CV?
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agent69
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Post by agent69 on Apr 11, 2020 14:26:32 GMT
And that's why 866 people died yesterday!! Er no. Self isolation and continuing to work are not mutually exclusive. Getting finance is done remotely these days. A more concrete Coronavirus excuse would be that very few people are lending money right now, so refinance is not possible. Neither is selling the land though. Is MT offering interest holidays due to CV? They are if you need to leave home for your work.
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criston
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Post by criston on Apr 11, 2020 14:33:22 GMT
Bridgecrowd are prepared to be sceptical and prepared to question, as a note on one of their loans says :-
"The borrower has been unable to complete a refinance application or sell the security property due to COVID-19, we have requested evidence of this so that the borrower does not just simply import the COVID excuse without it being factual "
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Post by Badly Drawn Stickman on Apr 11, 2020 15:57:39 GMT
Er no. Self isolation and continuing to work are not mutually exclusive. Getting finance is done remotely these days. A more concrete Coronavirus excuse would be that very few people are lending money right now, so refinance is not possible. Neither is selling the land though. Is MT offering interest holidays due to CV? They are if you need to leave home for your work. From memory there were only five actually paying interest with any frequency. One paid fine on the 9th, the pawn loans should be able to continue. The loan to the ticking building seems to be giving it a good try (they are a clear case of loss of business), Glasgow seems genuine. The fifth could be OK, the rest are what they are...... Arguably not as bad as it could be (yet anyway). Obviously some MT borrowers and plenty on other platforms will use the Virus as an excuse, but realistically it just replaces an equally implausible excuse we would have received anyway.
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criston
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Post by criston on May 2, 2020 15:50:02 GMT
Anyone gleaned any information on the situation with this loan from MT.
Nearly 4 weeks since the borrower asked for 'a little more time' to put forward a proposal.
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micky
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Post by micky on May 2, 2020 17:17:39 GMT
I guess that he was given 1 month after showing symptoms  |
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