Nomad
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Post by Nomad on May 1, 2024 14:01:49 GMT
M*fa***l loan repaid in full - another great outcome from SOMO.
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Nomad
Member of DD Central
Posts: 729
Likes: 495
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Post by Nomad on May 1, 2024 13:20:08 GMT
I am not worried about CrowdProperty. While there are admittedly a fair number of overdue loans, IMHO the team behind CP know their beans and will be able to get these loans to pay back. I've had a substantial sum pay back from multiple loans in the last week, and hoping that this is a sign of an upswing. Also, the fact that CP has quite a few institutional funders, who will have done extraordinary amount of due diligence, provides reassurance + capital to fund projects through to completion. I am worried - £16K overdue and just £163 received YTD.
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Nomad
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Likes: 495
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Post by Nomad on Mar 15, 2024 8:00:51 GMT
Capital Rise Wise Alpha Capital Stackers Qardus Somo Easy Money Quanloop
Running down everything else!
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Nomad
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Post by Nomad on Jan 26, 2024 8:05:26 GMT
I don't see any mention of the fraud insurance being specific to this one loan.
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Nomad
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Post by Nomad on Jan 25, 2024 2:33:16 GMT
Email received apologising for only recovering 97.88% of a defaulted loan.
Funds come from fraud insurance.
"The Directors' first loss tranche was written off in full and the Directors were also the largest lender on this loan in addition to their first loss tranche, so we have suffered more than you.
Whilst it is very disappointing to have to write to you about a loss, at least the loss was far smaller than had we not had fraud insurance."
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Nomad
Member of DD Central
Posts: 729
Likes: 495
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Post by Nomad on Jan 22, 2024 6:00:09 GMT
Avoid Booking.com if you can. They are not just thiefs, the dirty tactic they use is so bad it uses 2.2x credit on my credit card same day. Long story short. After "purchasing" the tickets, booking.com "refunded" the payment after entering the authenication code and choosing my seats. Then they raised the price by 5% and said my "chosen seats" on my previous reservation not available. Then creditcard company sent me notifcation I have almost no available credit left. Also, prices for hotels are 20% more expensive on booking.com compared to the "local" agents. I have used booking.com several hundred times for hotels and villas. I often check their price on comparison sites before confirming, and find it is very rare for them to be undercut by other reputable booking agents. I am now a "Level 3 Genius", which helps... For flying I use Google Flights and book direct with the airline unless there is a significant saving with a reputable online agency. For car hire I almost always use Carflexi.com
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Nomad
Member of DD Central
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Likes: 495
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Post by Nomad on Dec 17, 2023 0:53:35 GMT
Thread owner Nomad is still around I think so he could change the title to the company/brand name from a stampede trigger to invest money ! Done!
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Nomad
Member of DD Central
Posts: 729
Likes: 495
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General EUR P2x Discussion
Lendermarket
Nov 20, 2023 21:53:53 GMT
Post by Nomad on Nov 20, 2023 21:53:53 GMT
Anyone else affected by this? Yes, I am
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Nomad
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Post by Nomad on Sept 29, 2023 16:00:40 GMT
I am trying to rundown my CP account. The autoinvest feature got myself invested in 2022 and the loan is currently live and 4 months overdue. Approximately 40 minutes ago, I got an email saying "thank you for choosing to use Crowdproperty AutoInvest". Strangely enough, my autoinvest setting is currently off. Am I the odd one out receiving autoinvest email despite it is turned off? I am also running down and just got that email also.
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Nomad
Member of DD Central
Posts: 729
Likes: 495
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Post by Nomad on Sept 29, 2023 15:09:41 GMT
Left Europe until March.
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Nomad
Member of DD Central
Posts: 729
Likes: 495
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Post by Nomad on Sept 7, 2023 10:04:11 GMT
I'd like an update with this. Aren't we meant to be getting a quarterly update for the entire loan book? Last loanbook update was 25th Jan, so next one is presumably due on 25th April. Has anyone heard anything on this since January?
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Nomad
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Post by Nomad on Aug 30, 2023 15:33:08 GMT
Mr o'Leary has a good dig at Nats. Always an opportunity for publicity😁 But so frustrating to have his incredibly efficient operation screwed up by the incompetence of others...
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Nomad
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Posts: 729
Likes: 495
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General EUR P2x Discussion
Flender
Aug 29, 2023 10:52:47 GMT
Post by Nomad on Aug 29, 2023 10:52:47 GMT
Email received today - Up to now, Flender has absorbed all the costs of managing your loans as we did not want to pass these onto you or your SME borrower. It is not sustainable for all stakeholders to maintain this position. As such, we want to inform you that Flender is introducing a monthly platform fee of €12.50 to all of our lenders, starting this month. We have assessed the fee structures across our competitors and we believe this represents fair value to all participants in the current cost environment. This fee will be deducted from your Flender account each month.Great when one has €500 left on the platform earning about €3 per month. If it takes 2 years to get all of my €500 back, 60% of it will be taken in platform fees.
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Nomad
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Likes: 495
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Post by Nomad on Aug 29, 2023 10:46:50 GMT
What a mess for those scheduled to fly from the airports and sorry for those whom are affected. It’s true it’s unfair as not all flights cancelled. Anyone could have been affected by a similar incident but really, vital system failure like this one is unacceptable. Surely systems like ATC have multiple backups which kick in immmediately they're needed?
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Nomad
Member of DD Central
Posts: 729
Likes: 495
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Post by Nomad on Aug 29, 2023 10:45:09 GMT
Gr* Jam* St* Blo* loan repaid in full.
Still no capital/interest losses AFAIK.
Loans are low volume/high value prime development and bridging loans.
Repaid before the indicated date of refinance too
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