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Post by Collateral Rep on Sept 9, 2016 8:36:58 GMT
Morning,
UPDATE
We have four loans going live at 10am today.
1) Vehicle with a loan value of £9,000 and a bid limit of £200 2) Jewellery with a loan value of £15,000 and a bid limit of £250 3) Jewellery with a loan value of £5,000 and a bid limit of £100 4) Jewellery with a loan value of £3,000 and a bid limit of £50
Many thanks,
Gordon
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Post by Collateral Rep on Sept 9, 2016 7:30:23 GMT
Hi Investboy, If you email info@collateraluk.com we will send you the relevant details required to change to a company investor. Many thanks, Gordon
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Post by Collateral Rep on Sept 8, 2016 17:40:28 GMT
Evening,
We have loans tomorrow but will have to update you in the morning with the details.
Many thanks,
Gordon
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Post by Collateral Rep on Sept 7, 2016 16:15:58 GMT
Evening,
We have one loan going live at 10am tomorrow.
1) Jewellery with a loan value of £20,000 and a bid limit of £250 - LTV 68.97%
Many thanks,
Gordon
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Post by Collateral Rep on Sept 7, 2016 11:35:17 GMT
Hi moonshine, We will be adding pipeline loans shortly. In the meantime we do try to post details on this forum the night before to give investors an idea of whats going live the following day. Many thanks, Gordon
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Post by Collateral Rep on Sept 7, 2016 8:04:27 GMT
Morning,
UPDATE
We have three loans going live at 10am today.
1) Jewellery with a loan value of £12,000 and a bid limit of £250 - LTV 55.81% 2) Jewellery with a loan value of £5,000 and a bid limit of £100 - LTV 52.63% 3) Jewellery with a loan value of £3,000 and a bid limit of £50 - LTV 66.67%
Many thanks,
Gordon
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Post by Collateral Rep on Sept 6, 2016 21:10:01 GMT
Hi ali, The loans are all in the jewellery class. Many thanks, Gordon
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Post by Collateral Rep on Sept 6, 2016 18:31:17 GMT
Evening,
We have three loans tomorrow morning but we're just waiting on some information, so I'll update in the morning with more detail.
Many thanks,
Gordon
All three loans are jewellery.
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Post by Collateral Rep on Sept 6, 2016 11:44:35 GMT
Hi littleoldlady, The watch has been worn and the value is as condition today. Many thanks, Gordon
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Post by Collateral Rep on Sept 6, 2016 7:34:16 GMT
Hi archie, Yes we're on with this and will get it fixed ASAP. Thanks, Gordon
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Post by Collateral Rep on Sept 6, 2016 7:14:20 GMT
What might be the general purpose of such loans? Are we lending to Collateral or to the borrower? Is it one borrower, few, or many? An individual or a company? Can we know? Does it matter? Why would someone raise short-term cash at high (interest) cost, rather than just sell a gem or two? Are such loans as hard (safe) as diamonds - or could they turn into carbon? Please forgive my suspicious enquiring mind! Hi kaya The questions you raise are not the same for every loan. We have put over 200 hundred loans on the platform now and each loan could be for a different use. You are lending to the borrower via the Collateral platform backed by an asset. Our loans cover many borrowers. Some are for individuals and some are for companies. As it’s asset backed and the asset is held on behalf of the lenders, it doesn’t really matter, but we will be adding a borrower ID for your reference. Unfortunately, business isn’t that easy, most businesses (and individuals) at some point needs a cash injection for one reason or another. All loans are underwritten by trade jewellers so are as safe as the diamonds. Many thanks, Gordon
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Post by Collateral Rep on Sept 5, 2016 16:15:28 GMT
Evening,
We have two loans going live at 10am tomorrow.
1) Jewellery with a loan value of £12,000 and a bid limit of £300 - LTV 66.67% 2) Watch with a loan value of £17,100 and a bid limit of £500 - LTV 68.40%
Many thanks,
Gordon
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Post by Collateral Rep on Sept 5, 2016 10:12:44 GMT
Hi kaya , It's been added now, you might need to refresh the page. Many thanks, Gordon
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Post by Collateral Rep on Sept 5, 2016 8:08:14 GMT
Hi stevio, Here's a link to the NPA brochure, in the brochure they quote 88% as the redemption rate - www.thenpa.com/Files/NPA-Brochure.aspxAs for the coin, it is underwritten by established coin dealers/collectors who exhibit and trade world wide. In the event of a default there is an American collector lined up. Many thanks, Gordon
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Post by Collateral Rep on Sept 4, 2016 16:42:22 GMT
Hi,
We just have a little work to do on the pipeline loans, but pre-funding will only apply to large loans, possibly property.
Thanks,
Gordon
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