markdirac
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Post by markdirac on May 24, 2017 7:56:45 GMT
Whole string of zero prefunds on another platform. It is most healthy to have this competiton at 12% and 13%. What can Lendy do to compete? - Not allow their margins to bloat - More collaborative / less arrogant communications - Spend less on managing recoveries???
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markdirac
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Post by markdirac on Apr 24, 2017 16:07:38 GMT
... I'm still waiting for a response. I telephoned and explained my problem a third time. I was told someone would call me back. Instead, I have received (a third time) the trivial, patronising email to visit the website. Puzzlingly, and unhelpfully, the email was headed "Message from Need More Time".
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markdirac
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Post by markdirac on Apr 24, 2017 16:01:49 GMT
They are aware of the issue see ThinCats.Net but have not cured it. Funny. I have just had a response from TC which suggests (albeit a few days later) that they are not aware of the issue: We are unable to replicate your issue, and have had no other reports of lenders being unable to login.I really do hope that I am not being lied to, since I see that several other users report the same problem, today, at the other forum.
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markdirac
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Post by markdirac on Apr 24, 2017 15:42:33 GMT
Still not working for me.
Same thing happened a couple of weeks ago (i.e. I could not log in), I reported it, and the reply was that they were not aware of any problem.
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markdirac
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Post by markdirac on Apr 24, 2017 15:32:33 GMT
Very puzzling. Why are we not being told the value of the (freehold and leasehold) land & buildings? (I avoid the ambiguous word "property".) This is an obvious question which has been asked several times here, and also on the ablerate web site. Each time, the answer amounts to "Startermode is a thriving business". There's no way anyone would buy this business without a surveyor or estate agent valuing the associated buildings - the answer must be known.
Why can we not be told the value of the buildings please?
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markdirac
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Post by markdirac on Apr 21, 2017 14:33:52 GMT
I am wondering if there is anyone else who has not yet had these interest adjustments completed correctly? I explained the anomaly to Lendy in a clear email. Lendy responded with a trivial reply telling me to check the website. I wrote a second time elaborating that their calculations are wrong, and eventually received a second trivial reply asking me to check if my loans are in default. So now I have phoned them, but spoke to someone who was unable to help with anything, simply recording that I am not happy with the two responses. I am disturbed at Lendy's inability or refusal to investigate an erroneous calculation. Anyone else? mosaic Were either of you holders of DFL002 in March 2016? I was.
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markdirac
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Post by markdirac on Apr 21, 2017 12:59:23 GMT
... My balance has gone down again since I last checked an hour or so ago. The odd number of pence on my account has changed so I know there's been further fiddling. I've no idea if it's right now, that's what bothers me very slightly - because I was only in 3 sub 12% loans but the change in my figures seems to suggest others figures have been altered, because the difference of 1% over 1 month in just 3 loans with fairly small stakes wouldn't seem to amount to very much. All my other loans and 90%+ of my investment is at 12% yet I seem to have had quite a few quid knocked off. ... Me too. My March interest has been reduced by 6%. And yet I only have a half-dozen loans at <12% - a few at 11% and a couple at 10%. This should not result in an overall overpayment/interest reduction of 6%. So I too am not yet confident that the recalculation is right now. I am wondering if there is anyone else who has not yet had these interest adjustments completed correctly? I explained the anomaly to Lendy in a clear email. Lendy responded with a trivial reply telling me to check the website. I wrote a second time elaborating that their calculations are wrong, and eventually received a second trivial reply asking me to check if my loans are in default. So now I have phoned them, but spoke to someone who was unable to help with anything, simply recording that I am not happy with the two responses. I am disturbed at Lendy's inability or refusal to investigate an erroneous calculation. Anyone else?
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markdirac
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Post by markdirac on Apr 5, 2017 12:13:59 GMT
Thanks Jonah. That's helpful, insofar as your answer is, for me, effectively, "no". I have looked several times, but am always defeated by the unintuitive AC UI, and give up in frustration, assuming that the problem lies with me not wrestling with the site with sufficient commitment.
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markdirac
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Post by markdirac on Apr 4, 2017 11:33:32 GMT
Is there any way to find out what proportion of one's GBBA or GEIA investment is locked up in this way? Is there any way to find out which loans within one's GBBA / GEIA investment are distressed?
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markdirac
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Post by markdirac on Apr 4, 2017 10:51:06 GMT
I suggest not too late at all. None of this needs to be decided before 5th April. It only needs to be decided before your self assessment submission, ie. Jan 2018.
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markdirac
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Post by markdirac on Apr 3, 2017 19:19:10 GMT
... My balance has gone down again since I last checked an hour or so ago. The odd number of pence on my account has changed so I know there's been further fiddling. I've no idea if it's right now, that's what bothers me very slightly - because I was only in 3 sub 12% loans but the change in my figures seems to suggest others figures have been altered, because the difference of 1% over 1 month in just 3 loans with fairly small stakes wouldn't seem to amount to very much. All my other loans and 90%+ of my investment is at 12% yet I seem to have had quite a few quid knocked off. ... Me too. My March interest has been reduced by 6%. And yet I only have a half-dozen loans at <12% - a few at 11% and a couple at 10%. This should not result in an overall overpayment/interest reduction of 6%. So I too am not yet confident that the recalculation is right now.
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markdirac
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Ablrate (ABL) in Administration
Huddle Capital
Mar 29, 2017 14:17:16 GMT
Post by markdirac on Mar 29, 2017 14:17:16 GMT
And how are Rebuilding Society involved please ablrate? It would be best to contact Huddle Or Rebuilding Society I guess. Seems Thanks c_d, but I hope for an authoritative reply from ablrate, and I imagine that others would be interested in that reply.
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markdirac
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Ablrate (ABL) in Administration
Huddle Capital
Mar 29, 2017 13:44:59 GMT
Post by markdirac on Mar 29, 2017 13:44:59 GMT
Hi All Huddle have white labelled our tech. ,... Regards Ablrate And how are Rebuilding Society involved please ablrate?
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markdirac
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Post by markdirac on Mar 27, 2017 10:09:12 GMT
Yes, FS are giving us a smug rap on the wrist with this nonsense. Or is it carelessness? The degree of sloppiness in the P2P world is concerning. Note that the announcement email also carelessly stated the loan as going live on Monday 28th March.
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markdirac
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Post by markdirac on Mar 17, 2017 11:29:17 GMT
What a vague valuation! After 4 pages of waffle, there is a bland finger-in-the-air estimate of "the order of £200k". No calculations, no evidence, no comparables, no justifications, no photographs. But at least we know what the weather was like.
And yet this valuation conforms to Red Book standards. Don't know what that makes me think about Red Book standards.
What confidence level should we ascribe to a valuation of this quality? +/- 10%? +/- 20%? +/- 50%
I do note that, for this LTV of 47.5%, if the valuation were out by even 50%, then the loan would still be secured (exl. interest accrual & fees).
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