ozboy
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Post by ozboy on Jan 4, 2020 22:22:41 GMT
The following was posted under a Funding Secure topic but my Reply is regarding Collateral:- Jan 2, 2020 16:19:33 GMT taffy said:
The FCA have been "regulating" the actions of several other P/P companies (Lendy, Collateral, etc) as well as investments such as the Neil Woodford Fund. The head of the FCA, Andrew Bailey, will shortly take on the roll of Governor of the Bank of England, may the Lord protect us! Given the FCA`s actions (or inaction), this may turn out to be a scandal on the scale of the PPI fiasco. I suspect lawyers are licking their lips in anticipation, so it's in the best interest of the FCA and the government to sort his mess out sooner rather than later. Keep up the pressure on the FCA and MP`s.
ABSOLUTELY!
SO, those who have not yet done so, please lift your fat backside off the sofa and contact duck for his EXCELLENT template/s which make it urine easy to write to your MP and prompt some serious action on this travesty. It really IS the only viable avenue we currently have, SO JUST DO IT! Please.
duck and his Lings have/are concocting a stonking second letter you can send your MP in due course as a follow up to the current/first letter and it will certainly ask even more terror inducing questions which will undoubtedly make the FCA toilets even messier than they currently allegedly are. 
Please contact duck and then write to your MP, SUPPORT YOUR FELLOW INVESTORS, we are about to lose a LOT of money through NO fault of our own, the FCA is 100% liable for this excrement storm.
I thank you.
OzBoy.  |
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ozboy
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Post by ozboy on Jan 4, 2020 22:06:51 GMT
The FCA have been "regulating" the actions of several other P/P companies (Lendy, Collateral, etc) as well as investments such as the Neil Woodford Fund. The head of the FCA, Andrew Bailey, will shortly take on the roll of Governor of the Bank of England, may the Lord protect us! Given the FCA`s actions (or inaction), this may turn out to be a scandal on the scale of the PPI fiasco. I suspect lawyers are licking their lips in anticipation, so it's in the best interest of the FCA and the government to sort his mess out sooner rather than later. Keep up the pressure on the FCA and MP`s.[EDIT: Apologies, my following posting is wrt Collateral.) ABSOLUTELY! SO, those who have not yet done so, please lift your fat backside off the sofa and contact duck for his EXCELLENT template/s which make it urine easy to write to your MP and prompt some serious action on this travesty. It really IS the only viable avenue we currently have, SO JUST DO IT! Please. duck and his Lings have/are concocting a stonking second letter you can send your MP in due course as a follow up to the current/first letter and it will certainly ask even more terror inducing questions which will undoubtedly make the FCA toilets even messier than they currently allegedly are. Please contact duck and then write to your MP, SUPPORT YOUR FELLOW INVESTORS, we are about to lose a LOT of money through NO fault of our own, the FCA is 100% liable for this excrement storm. I thank you. OzBoy.
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ozboy
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Post by ozboy on Dec 14, 2019 20:57:44 GMT
More than a little miffed at the left whingers etc protesting demanding "tories out" what is it with some of these people IMHO democracy = 1 person 1 vote and respect the result, not march with banners saying "not my prime minister" I'd guess some are the same ones demanding a revote over Brexit, so they like democracy when they get their way. personally I blame the culture in schools etc with the non competitive sports etc, meaning they don't know how to lose with good grace, because they are used to always winning Yep, spot ON. 👍 😉
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ozboy
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Post by ozboy on Dec 9, 2019 22:44:28 GMT
Update please bridgecrowd , you were going to do something by/on/around 29 November 2019? Do you have incontrovertible proof of the Borrower's health situation please? |
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ozboy
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Post by ozboy on Dec 5, 2019 10:41:58 GMT
I'm not in this one but follows a similar pattern to other long running ones. The odd monthly update has been skipped so presumably they'll be another one in the next few days. Reading the history, it's a reminder to me why I don't lend on Scottish properties. I wonder if regular residential mortgages are more expensive in Scotland ? I also avoid Northern Ireland.
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ozboy
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Post by ozboy on Nov 30, 2019 17:13:11 GMT
Lendy's fee for providing enforcement and recovery services to SSSHL is proposed to be 3% per annum of the gross realisations from the date of the default capped at a maximum of 10% of the gross realisations and is considered by the Administrators to be reasonable, proportionate and market standard. It is subject to final approval by the conflict administrator. So exactly what enforcement and recovery services are being provided ? They move file from the making good fees to making great fees inbox thanks 😊 . I think there should be accountability with work being done not just put asset up at unrealistic prices and gather fees as it doesn’t sell. Are fees pro rata ? We need oversight and reports from independent assessors into the work being done on each recovery to justify any fee. I have said on here time and again, these vultures need independent oversight/"auditing." Some judge saying s/he will "keep an eye on costs" is as reasuring and effective as the FCA's "consumer protection." It's not for me to put forward the "How" etc, but there is a crystal CLEAR need. Unless you enjoy having a sore bottom. And empty bank account.
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ozboy
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Post by ozboy on Nov 30, 2019 11:19:40 GMT
Meanwhile, The Administrators meet to think up ever more inventive ways to grow fees.
All justifiable, very legal & above board, well within the "remit" of course!
The AML one is a doozy.
Lubbly Jubbly.
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ozboy
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Post by ozboy on Nov 27, 2019 18:13:44 GMT
I have deleted my posting, before the expletives got me banned. |
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ozboy
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Post by ozboy on Nov 25, 2019 11:54:48 GMT
It is VERY clear & obvious, the entire FS operation requires urgent and deep probing Criminal Investigation.
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ozboy
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Post by ozboy on Nov 24, 2019 14:32:02 GMT
You forgot "FCA Risk" Deees , arguably the biggest risk of them all. I am NOT joking. Bailey and the entire FCA "top tier", should all be disgraced and fired for gross incompetency. |
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ozboy
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Post by ozboy on Nov 21, 2019 16:38:47 GMT
"Proof Of Debt" and "Proxy Form" duly posted snail mail today by OzBoy. "We shall never give in, ............."
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ozboy
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Post by ozboy on Nov 18, 2019 10:27:54 GMT
I'm sure there is, at £550 per hour, or thereabouts. (NOT a dig at you webbski9) SO glad I swerved Lendy, not so lucky though with Collateral and Funding Secure. Still, Administrators gotta gorge eat. |
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ozboy
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Post by ozboy on Nov 16, 2019 19:28:42 GMT
Never fear - FS have told us previously that there's interest in boats similar to this because they're suitable for the "North Sea Oil Rig Run"!
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ozboy
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Post by ozboy on Nov 16, 2019 12:28:36 GMT
Most will be V interested to know that the residence of one of the original but now ex Directors (who I believe has had his assets frozen) is valued in the region of nearly £3 Big Ones! Also of interest is that everyone at FS has resigned except Hackett, the last man standing, who is still listed as "live". What does that mean?! Just search on FundingSecure at www.companiesintheuk.co.uk/ ............... "Average house price in the postcode HP14 ***£2,945,000" |
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ozboy
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Post by ozboy on Nov 15, 2019 14:39:57 GMT
And do not forget that the FCA allowed Collateral to be listed on their FCA Register for around two years, before, after two years, suddenly deciding that Collateral shouldn't have been on the Register after all! And subsequently causing Collateral's swift demise and guaranteed massive losses to Lenders. An excellent "consumer protecting" and professional, businesslike course of action taken by the FCA, we should all feel very safe and warm under their auspices.  The FCA exist for themselves, they are arrogant and have NO shame, protecting YOU from financial vultures is a myth. But you all know that. I hope.PS: The measure of any Organisation, and its integrity, is whether they have the balls and the guts to admit when they're completely wrong, and the FCA possesses neither. PPS @ 17/11/19 - In an all out war, who would you want as your General, from a choice of, say, Alan Sugar, Terry Smith, Martin Sorrell, or ...................... Andrew Bailey?!!  |
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