ozboy
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Post by ozboy on Aug 28, 2019 19:20:57 GMT
I'm not trying to defend 4thway but the date on that article is April 2017 article. I missed that, well spotted Sir! registerme
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Likes: 4,857
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Post by ozboy on Aug 28, 2019 16:32:11 GMT
4thway's credibility just nosed dived and has entered Negative territory.
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ozboy
Member of DD Central
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Post by ozboy on Aug 27, 2019 22:30:47 GMT
This COLL debacle is being milked relentlessly, and Bailey & his FCA have a LOT to answer for, they were instrumental in CAUSING it.
There were undoubtedly better, more business like ways of handling COLL's situation which would have considerably protected Lender's interests, as per the FCA's supposed "remit", instead they were drunk on their power and just smashed COLL up to prove some kind of point, without any consideration whatsoever of the repercussions on Lenders.
Compensation MUST be paid, Lenders did NOTHING wrong, we only did what the FCA recommends - "Check the Register."!!!
I mean, For Fornications Sake, how on earth can the FCA deny culpability and wash their hands of this "creation" of theirs?
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Likes: 4,857
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Post by ozboy on Aug 25, 2019 18:09:36 GMT
Finest Test innings ever, made sweeter by the Aussies chucking away their last review 😂 I love having Dual Nationality. 
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ozboy
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Post by ozboy on Aug 23, 2019 14:46:52 GMT
www.fundingsecure.com/terms-and-conditions"8. Fees and Charges
8.1 FundingSecure charges Borrowers an administration fee on every Loan depending on the Loan amount. The rates charged are per month on a daily basis for the duration of the Loan."Very iffy wording, it doesn't actually say when the Administration Fee is charged, it could easily vary and be bespoke per Loan? I don't know.
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ozboy
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Post by ozboy on Aug 23, 2019 12:14:36 GMT
"... if they can get the loans back in with interest as they only get paid when that happens........"Maybe james21, but don't FS pay themselves all their Fees & Charges first, after the sale of a Defaulted property, so they basically never hardly lose, ONLY their long suffering Lenders take the hit on the crumbs left over afterwards?
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ozboy
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Post by ozboy on Aug 23, 2019 12:03:17 GMT
Just noticed this on the FS website under "Borrow Money":- "We appoint a RICS Valuer if related to property or carry out a valuation from our approved panel of Valuers"So, according to their own website, FS ARE complicit in the dire RICS "Professional" Valuations?! www.fundingsecure.com/borrow-money |
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ozboy
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Post by ozboy on Aug 22, 2019 17:33:27 GMT
As I understand it agent69, the Borrower has form in stringing out legal proceedings so that they become very costly to fight. His strategy is to get the Lender to balk at the escalating, protracted legal costs and therefore be amenable to negotiating the amount owed downward somewhat, almost certainly to include waiving interest due to date for a starter. Nice piece of work this Borrower. |
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ozboy
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Post by ozboy on Aug 13, 2019 18:03:48 GMT
Further to the above if you volunteer you need to be prepared to have your name published in the article. Never mind names I’ll give him a few souls if it gets my £26K back.  Pah, only £26k, a mere bagatelle, I thought you were a Big Hitter Godanubis?
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ozboy
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Post by ozboy on Aug 13, 2019 15:23:29 GMT
The debate is if the outcome was to ban grouse shooting. We have some nice beavers up here We don’t shoot them. (Often) I'm quite partial to a nice beaver.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Aug 13, 2019 15:17:54 GMT
Adam is still seeking more people to speak with so he has a good handle on how we have been stitched up. DO YOURSELVES A FAVOUR IN GETTING YOUR MONEY BACK & CONTACT ADAM WILLIAMS. Or approach him via me if you wish! duck posting:- Adam Williams of the Telegraph who has run a series of articles about the Collapse of Col, the FCA and latterly Lendy is keen to run an article featuring Col investors. I am therefore looking for volunteers. If you would like to volunteer please drop me a PM. Note, if you haven't read Adams articles they are well balanced and factual, I have no reason to suspect that this article will be any different. I accept that everything that has gone on with Col has appeared to be murky and you might feel that you are not 'well enough informed'. Don't let this put you off. I am just a normal retail investor who read posts on this forum by Col staff, checked the FCA register, checked Companies House and invested a small sum. If you are similar please consider volunteering. What has been discovered subsequent to Col entering Administration by the 'behind the scenes' group has been a truly shocking picture of mismanagement by the FCA (I used 'negligence' in my latest communication with the FCA and the Complaints Commissioner). I have posted some of what has been found in this thread, (my posts) but if you volunteer the group will try to fill in any gaps that you feel may be missing in your recollection of what went on prior to Administration. By volunteering to appear in this article you will be helping to get your money back. (OBVIOUSLY! <- OzBoy's addition) |
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ozboy
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Post by ozboy on Aug 12, 2019 21:14:51 GMT
 That was the only one I could find that satisfied both criteria. I'm pretty sure that is just a strategically painted conker. Yeah, and I've had it Valued at about a £Mill.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Aug 12, 2019 19:28:19 GMT
What went wrong with fs? I thought all the loans were secured with property? Can they not just sell the underlying asset ? Sounds similar to lendy and collateral. I can't be sure if you're failing to keep up gravitykillz, or you're 'avin a larf?!!!!
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ozboy
Member of DD Central
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Posts: 3,165
Likes: 4,857
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Post by ozboy on Aug 12, 2019 19:23:25 GMT
Ha Ha, that criteria definitely places HNW at the bottom of the heap! Looks indeed can be deceiving though! |
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ozboy
Member of DD Central
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Likes: 4,857
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Post by ozboy on Aug 12, 2019 19:20:46 GMT
"Defaulting allows for greater control over the loan with the ultimate goal of full recovery or at least the best possible recovery with follow up recoveries if possible."
Errr, so why didn't FS Default their countless Overdue Loans YEARS ago?!
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