bababill
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Post by bababill on Oct 19, 2017 7:48:49 GMT
They would be B******X and M******A if that makes sense. B******X are you using post codes? It seems maybe you have one too many * Maybe I can guess the defaulted loan but I am not in it. Can't seem to find M******A. Anyhow.. one thing I have learnt is not to expect the majority of repayments on time unlike say LendInvest (whom I no longer invest with). I should do an analysis of their historical lone book one day vis vie on time payments to get some accurate numbers. Last time i looked IRIC their live loan book was approx 20% in default position. Very recently another platform refinanced one of BC defaulted loans and offered punters investors a lower rate.. Loan sold out almost immediately. Its probably all a case of musical chairs.
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SteveT
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Post by SteveT on Oct 19, 2017 8:37:36 GMT
B******X presumably is Vickers (postcode matches if you ignore 1 asterisk). Photo looks very familiar so I wonder if the 1st charge is on another platform (thought it might be FS but their "Property in Poole" is a different one). Borrower has stopped paying interest and is ignoring letters. Looks to be plenty of equity in the property, despite the 2nd charge.
M******A presumably is MG in Ealing (the updates are headed MG W***A). Looks like the borrower is marketing the house at too high a price and BC are on his case, as per usual.
I'd not be losing much sleep over either of them, although recovery may take a while.
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bababill
Member of DD Central
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Post by bababill on Oct 19, 2017 8:54:21 GMT
Well done. Maybe M******A is MG in Ealing. Not too sure how you got that but I have never been good at scrabble. If I had to take a bet, I'd take odds on you. This loan is marked in yellow on my spreadsheet as Avoid.... its a bad loan and I would be concerned. But then maybe it's not shyinvestor loan... lets hope so.
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SteveT
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Post by SteveT on Oct 19, 2017 9:01:15 GMT
Looking again, perhaps I would be a tad concerned about MG. 70% LTV on a 2nd charge is almost certainly why I left it alone. That said, borrower is claiming that a local agent recommended marketing at well above BC's valuation of £1.5m, so the security hopefully is sound.
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Post by bridgecrowd on Oct 31, 2017 11:46:33 GMT
I have been investing for 18 months. The website is fine on desktop and IPad but agree it does not work on my phone. More importantly for me the quality of the loan management is first classs, I have invested in almost every other platform and Bridgecrowd feedback on their loans is the best of all the platforms. The quantity of loans is increasing slowly over time. It's not fine on iPad though. I can't see if I have any cash left on the platform or what loans I'm in (I'm on holiday). In regards to accessing your account via a mobile device, we are aware of the ‘my investments’ and 'funds' not showing correctly IT are aware of the issue, in the mean time I can only advise accessing your account via laptop or desktop. Sorry for any inconvenience this may cause.
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Post by bridgecrowd on Oct 31, 2017 14:33:03 GMT
When I log in I see "Available funds" which is cash not in a loan, and I also see "My investments" which I can click on to see a list of loans I am invested in and how much is invested. I don't on an iPad. When I log in I see my account with messages (there are none). There is no way to see available funds. When I select my investments it only shows pre-invested loans (whatever they are). I know I am invested in 3 or 4 more loans. It's a bit annoying as I don't know if I need to add funds to my account. i have a question (I emailed them but they didn't answer it). I have autoinvest set up but which loans does it invest in? It seems some loans it does others aren't elidigble. I can't find any documentation about how this works. Any idea? Hi BG, I am sorry that you did not receive a response, if you wish to send it directly to me at lindsey@thebridgecrowd.com I can answer your questions.
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Post by shyinvestor on Nov 7, 2017 10:32:48 GMT
I was looking forward, with some trepidation, to the monthly updates which were supposed to be put up on the 4th or 5th of each month. No sign yet. Today I was at least expecting some info from the possession hearing which was to take place on 6th November. Hope we can some some news soon.
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Steerpike
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Post by Steerpike on Nov 7, 2017 16:14:57 GMT
I am interested as 70% of my loans are rolling interest, so I have asked if we will be getting updates soon.
Edit: BC response - As soon as we receive the updates, they will be added to the system.
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