ozboy
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Post by ozboy on Aug 11, 2019 22:37:52 GMT
I would wager that 99% of us on here are desperate to get away from FS? I won't publicise on here what percentage haircut I'd accept, it will only give FS ideas! Naming names, there is arby and Godanubis who are pro-FS, but I can't think of anyone else? |
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ozboy
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Post by ozboy on Aug 11, 2019 16:16:25 GMT
And here we are, nearly a month later and .................................................................nothing.
UPDATE urgently required now please ABL.
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ozboy
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Post by ozboy on Aug 11, 2019 14:28:33 GMT
The advice on this forum saved me losing the greater part of my wealth in Lendy. At the time I left Lendy (2017 early-Mid), there was a big divide on this website between Lendy becoming a concerning mess, and those destined on upholding its good value and shooting anybody who dared to point out some serious red flags.I owe this forum alot, a expensive lesson I learnt for free. And why would The Evangelists Of The Dodgy Platforms do that I wonder, in the face of overwhelming opposing views?  
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ozboy
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Post by ozboy on Aug 9, 2019 16:26:23 GMT
Collateral managed a full recovery of 4 cars that went missing, surely MT, FS and Moorfields can work together, and get a good result here. COL's robust approach included warning the borrower that if the cars were not returned they would pursue criminal charges against them.
Platforms generally seem reluctant to do this and I see nothing in MT's update to suggest they are considering this. Unfortunately. Hmmmm, and you have to ask yourself " Why?" Platforms may not pursue this rather simplistic and oh so effective approach? Incestuous business is P2P.
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ozboy
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Post by ozboy on Aug 9, 2019 15:57:41 GMT
In my opinion P2P is unsuitable for ISAs. It will vary depending on an individuals unique tax circumstances but I think ISAs should be used for long term but and hold equity index trackers Yeah it's an interesting one that one, I would have agreed with you perhaps before I was a tax payer a few years back but now that I am I'm not that sure where I sit except that I am using the IFISA on both Zopa and RS to allow me to keep any return that I get above the £1000 savings allowance and Mrs Aju's Marriage allowance thingy etc etc. Mrs AJU is not a tax payer although she will be if we are not careful so I have made her the beneficiary of most of our spare interest generating cash in investments and savings etc where its better for us both. As I have said quite a few times our investment objective is to gain a small percent above the dreaded Inflation Tax so we are not too greedy and keep our expectations in check whilst trying not to make a pigs ear of things or worse make stupid mistakes - we all learn more from making mistakes but I try to keep the financial ones to a bare minimum. Good strategy aju. Problem is when it's The FCA that consistently makes the stupid mistakes, AND never learns. (Collateral especially). How on earth The FCA can square their myriad incompetent and idiotic actions with "Protecting Financial Consumers" is beyond my comprehension. The bottom line with The Useless FCA is, they don't protect financial consumers. At all. Bailey's standard phrase when alluding to The FCA's countless failings is that it's all " unfortunate". Yeah, and we all know for who.You are on your own.
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ozboy
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Post by ozboy on Aug 8, 2019 13:23:55 GMT
I am looking for these details as well ….did ask fs for all details ….but all the <insult removed> said ...it was all on the loan page …………….lies I'm guessing you may have lost a large chunk in this. If so, emotions will be understandably high. Before contacting the borrower, just remember to weigh up the pros and cons; losing money to some **** is bad enough, but getting investigated for harassment or malicious use of communication etc on top of that would be rubbing salt in the wound. But how do they know "who" if yer wearing a balaclava?
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ozboy
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Post by ozboy on Aug 8, 2019 13:17:09 GMT
In my opinion, the problem here is not the borrower: it is the valuation. Where did this valuation come from? I don’t think it was a professional valuation, but instead a made-up number. FundingSecure should be held responsible for misselling, because investors were made to believe that the LTV was much lower than it actually was. 'allo ron, yer not familiar with The Great Valuations ConScam then?
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ozboy
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Post by ozboy on Aug 8, 2019 13:13:33 GMT
Thanks to star dust for highlighting the release of FOI's, I wasn't expecting that whilst the investigation was progressing. What I note is that the FCA does not appear to be publishing the FOI's in the order that they were submitted/answered. The good news is that since they have been published they are in 'the public domain' so the contents can be discussed openly. The other thing I note is that 'the investigation' is only mentioned in one response (6216). If I was cynical by nature I would suspect 'selective publishing'. FWIW there are a lot more FOI's awaiting publication so it is worth keeping an eye open on the log. As more are published a fuller picture will be available for all to see. And, Dear Readers, DO YOUR BIT, if you want a decent shot at getting your money back. Never forget, w e are 100% in the right here!SO, at least write to your MP and to The FCA with Complaints. (Coherent letters please, presenting facts regarding The FCA created Collateral Mess Administration Liquidation.)
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ozboy
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Post by ozboy on Aug 7, 2019 12:56:11 GMT
A RICS professional? Entirely kosher then, unquestionably reliable and safe at 26% LTV, bet the farm, and yer pension, on this one!  [ This is NOT investment advice, and if you think it is a recommendation to invest in this Loan then there is NO hope for you. ] The fact this is just being picked at and is not flying off the shelf in the tens of thousands says somebody smells a rat. The low LTV is tempting, but if this was to sell in a fire sale we all know the money raised will be a fraction of the valuation. But it's a " RICS Professional Valuer"!!!!! RICS really do not care about their reputation, nor how they are now perceived, and have been perceived for years. Arrogant and couldn't care less. Says it all doesn't it.
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ozboy
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Post by ozboy on Aug 7, 2019 12:35:34 GMT
Third tranche at 9 percent is not exactly flying off the shelf here, even at a 26 percent LTV. Not looked at this one before but my goodness they sure have added some value to this site! So the RICS professional says..... A RICS professional? Entirely kosher then, unquestionably reliable and safe at 26% LTV, bet the farm, and yer pension too, on this one! [ This is NOT investment advice, and if you think it is a recommendation to invest in this Loan then there is NO hope for you. ]
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ozboy
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Post by ozboy on Aug 5, 2019 17:26:05 GMT
My drawing a line was under the constant moaning. Not under the recovery of losses. I suspect that if the losses stop, the moaning will stop.
People want action not words.
True! But I'd settle for less, just simple Professional Loan Management with Integrity. agent69
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ozboy
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Post by ozboy on Aug 5, 2019 17:22:00 GMT
I find him quite abrasive  Couldn't resist, he is a fine batsman. Should never be allowed to play the game again.
For an international captain to cheat in such a blatant fashion is repugnant, to coerce a youngster who is just starting out in life to do the dirty work for you is unforgivable.
Oh Come On, both sides are at it, it's just varying degrees! 30/12/2017 "The fourth Ashes test took another dramatic twist on Friday, when the England team were accused of ball-tampering - less than 24 hours after the series erupted over the fairness of an Australian catch.England were warned by the on-field umpires over excessive treatment of the new ball, after Channel 9 cameras caught England star James Anderson digging his nail into a cut-up section of leather in vision that some cricket fans believe to be a clear case of ball-tampering."SOURCE: www.nzherald.co.nz/sport/news/article.cfm?c_id=4&objectid=11967315
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ozboy
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Post by ozboy on Aug 5, 2019 17:12:59 GMT
Of course the investors are the most critical victims, but denying FS are also victims is a very strange perspective. As a result of fraud, FS have; - lost credibility - lost income from successful loans - paid/paying legal fees - spent excessive time on these cases Investors have likely lost their money. The ultimate cost to FS and their other investors could possibly be even higher. Time will tell. I have to wonder if FS had complied with their own T&Cs (specifically to have taken control of the artwork) they would have been scammed. I also wonder exactly what the person from FS who inspected the Whitehaven property saw when it was inspected and assured lenders it was proceeding. It seems to me that FS didn't just leave the window open they almost took adverts out suggesting people borrow money without any sort of security other than a "gentlemans agreement". Your observations are spot on 09dolphin. FS' behaviour in numerous Loans is 100% wrong, not merely that urine poor word "unacceptable."
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ozboy
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Post by ozboy on Aug 3, 2019 15:29:02 GMT
Watches can be a investment as well. Some old Rolex have more than tripled in value. I also want something nice on my wrist. Spending silly money on a mobile phone just doesn't do it for me anymore. I’m pretty clumsy and would just bash it. If you know what you’re doing and can buy something that will triple in value then go for it. I didn’t realise second hand rollexes increased in valueThat surprises me hazellend, you're pretty astute on matters in general. I thought everyone knew that many Rolexes in particular can, and do, appreciate in value. Just goes to show that none of us know it all!
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ozboy
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Post by ozboy on Aug 2, 2019 22:04:03 GMT
I can see six updates. How many loans do you have with BC? I'm wondering if their intention to hide all loan updates from the view of punters with fewer than three(?) loans has gone a bit askew and those punters have also been blocked from even seeing updates for loans they are in. Tagging bridgecrowd I can also see updates, as usual they seem to have everything under control. One property being put up for sale the other may be repossessed soon. Next update will be due 8th+ this month. Pleased to hear, thanks peeps.
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