cedarcourtcapital
Member of DD Central
Listening is not the same as understanding
Posts: 190 
Likes: 316
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Post by cedarcourtcapital on Jun 25, 2020 16:31:25 GMT
Am I misunderstanding something?
The last two monthly interest payments have been facilitated by a tax credit and a VAT rebate. Even with these it has been agreed to accept only 50% of the interest due.
From the last refinance update that had any meaningful information, a December date was tentatively mooted, and that has not yet been confirmed or even mentioned again.
How is this 'forbearance' we are offering the borrower going to be paid for until December? It seems to me that they have managed to cobble together the June and July payments using items which do not come along every month.
Does Anyone else see flawed thinking?
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johni
Member of DD Central
Posts: 369
Likes: 329
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Post by johni on Jun 25, 2020 21:44:07 GMT
Am I misunderstanding something? The last two monthly interest payments have been facilitated by a tax credit and a VAT rebate. Even with these it has been agreed to accept only 50% of the interest due. From the last refinance update that had any meaningful information, a December date was tentatively mooted, and that has not yet been confirmed or even mentioned again. How is this 'forbearance' we are offering the borrower going to be paid for until December? It seems to me that they have managed to cobble together the June and July payments using items which do not come along every month. Does Anyone else see flawed thinking? Yes you are wrong it is talking about December agreement not repayment date. Repayment is due in July
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cedarcourtcapital
Member of DD Central
Listening is not the same as understanding
Posts: 190
Likes: 316
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Post by cedarcourtcapital on Jun 26, 2020 7:26:09 GMT
Am I misunderstanding something? ... Yes you are wrong it is talking about December agreement not repayment date. Repayment is due in July I think you had better go back and re-read and understand the contents of the second paragraph of the 4th May update! I wish you were correct!
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averageguy
Member of DD Central
Posts: 1,188
Likes: 895
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Post by averageguy on Jun 26, 2020 9:21:32 GMT
Yes you are wrong it is talking about December agreement not repayment date. Repayment is due in July I think you had better go back and re-read and understand the contents of the second paragraph of the 4th May update! I wish you were correct! Aye.....I guess the key is in that word “expectation”.
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Post by Badly Drawn Stickman on Jun 30, 2020 22:22:46 GMT
If MT have the interest paid on 24th June, why do we need to wait until 24th July to receive this? Genuinely curious. To avoid double the admin work of all the withdrawals?
Based on comments on the other half interest payments currently in play, it is a case of the 'system' being unable to handle part payments. I guess the lack of either a stick or a carrot means we just have to accept that, but clearly odd.
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mw
Member of DD Central
Posts: 184
Likes: 83
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Post by mw on Jul 1, 2020 7:03:11 GMT
According to the lasr update aren't we due something mid this week? Some tax credit?
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averageguy
Member of DD Central
Posts: 1,188
Likes: 895
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Post by averageguy on Jul 8, 2020 18:39:14 GMT
This long awaited tax credit was supposed to be in by the middle of last week....I emailed MT a couple of days ago...no reply hmmm
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averageguy
Member of DD Central
Posts: 1,188
Likes: 895
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Post by averageguy on Jul 10, 2020 20:47:36 GMT
This long awaited tax credit was supposed to be in by the middle of last week....I emailed MT a couple of days ago...no reply hmmm Update on site
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criston
Member of DD Central
Posts: 1,204
Likes: 628
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Post by criston on Jul 14, 2020 11:07:20 GMT
Update.
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withnell
Member of DD Central
Posts: 550
Likes: 491
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Post by withnell on Jul 14, 2020 11:25:58 GMT
I am glad other people are monitoring the site for updates so I don't have to.
Funnily enough I was checking the forum today and criston 's post was only two minutes old, I must have sensed something (...ignoring the other 100 times I have checked and there we no update to my followed threads).
Perhaps in future we can simply add a smiley so people don't have to login:
 - useless platitudes  - update is "no update"  - bad update  - positive update  - some payment done  - loan totally repaid
I rate this a .
it's now a - payment has been made
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Post by nbk on Jul 14, 2020 16:42:37 GMT
it's now a - payment has been made Perfect, no need for me to login. Gonna be difficult for you to place a withdrawal request without logging in 
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mikeh
Member of DD Central
Posts: 499
Likes: 370
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Post by mikeh on Jul 14, 2020 19:25:25 GMT
I don't think my £3.61 warrants a withdrawal.
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up
Posts: 59
Likes: 62
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Post by up on Jul 24, 2020 11:24:24 GMT
some interest paid
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averageguy
Member of DD Central
Posts: 1,188
Likes: 895
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Post by averageguy on Jul 24, 2020 17:05:53 GMT
Pleased to see that.
To me I think that is the 24-Feb payment done (I wish the updates were clearer). Which means they are now five months in arrears. It could be worse, but there's significant catching up still to do.
Aye agreed...but at least they stuck to the July 24th deadline ..although an update on the refinance would be nice
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brush
Member of DD Central
Posts: 174
Likes: 154
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Post by brush on Jul 30, 2020 22:27:53 GMT
Update provided,mildly optimistic with 50% interest being paid, lets hope time lines are kept to.
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- useless platitudes
- update is "no update"
- bad update
- positive update
- some payment done
- loan totally repaid
