cedarcourtcapital
Member of DD Central
Listening is not the same as understanding
Posts: 190
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Post by cedarcourtcapital on Nov 23, 2018 9:15:51 GMT
I do have funds invested in this loan, it is my fourth highest holding on Moneything. I made my comments only to try to suggest a different frame of mind which you might consider adopting which might stop you fretting. If you have over exposed yourself to this particular loan I understand your desire to want it concluded, however annoying it is, patience is only ever the answer. We have no control over matters. If posting on this forum as you do is therapeutic, please continue. You are being patronising now. I'd rather you didnt. I cannot for the life of me see anything patronising in my comments above. Let's agree to beg to differ and I will try not to reply directly to any of your posts in the future.
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hazellend
Member of DD Central
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Post by hazellend on Nov 23, 2018 9:22:03 GMT
Can we please put the handbags away
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cedarcourtcapital
Member of DD Central
Listening is not the same as understanding
Posts: 190
Likes: 316
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Post by cedarcourtcapital on Nov 23, 2018 10:20:34 GMT
Can we please put the handbags away Now while to some that may seem funny, to others it might appear patronising and condescending. 😁
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Post by queenvictoria on Nov 23, 2018 14:53:24 GMT
Look, I came on this forum to raise, what are in my mind legitimate, concerns about the conduct of a particular loan. I have been polite and constructive I have been specific about what is concerning me. I have also accepted my own responsibility for my overexposure to the loan. As a result my concerns have been labelled as 'fretting' and it has been suggested that my motivation is to receive a therapeutic effect; that is demeaning and it is patronising. Now, another member is accusing me of 'handbags'. There is no need for it guys. If you have nothing constructive to say then just say nothing. I wont be abusing you and I would respectfully ask that you do not abuse me.
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hazellend
Member of DD Central
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Post by hazellend on Nov 23, 2018 15:01:22 GMT
Look, I came on this forum to raise, what are in my mind legitimate, concerns about the conduct of a particular loan. I have been polite and constructive I have been specific about what is concerning me. I have also accepted my own responsibility for my overexposure to the loan. As a result my concerns have been labelled as 'fretting' and it has been suggested that my motivation is to receive a therapeutic effect; that is demeaning and it is patronising. Now, another member is accusing me of 'handbags'. There is no need for it guys. If you have nothing constructive to say then just say nothing. I wont be abusing you and I would respectfully ask that you do not abuse me. I wasn't directing the handbags comments at you. I am also sick of people getting into petty arguments.
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r00lish67
Member of DD Central
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Post by r00lish67 on Nov 23, 2018 15:19:16 GMT
Look, I came on this forum to raise, what are in my mind legitimate, concerns about the conduct of a particular loan. I have been polite and constructive I have been specific about what is concerning me. I have also accepted my own responsibility for my overexposure to the loan. As a result my concerns have been labelled as 'fretting' and it has been suggested that my motivation is to receive a therapeutic effect; that is demeaning and it is patronising. Now, another member is accusing me of 'handbags'. There is no need for it guys. If you have nothing constructive to say then just say nothing. I wont be abusing you and I would respectfully ask that you do not abuse me. I really didn't interpret cedar's comments as patronising. A large part of investing is psychological, for example the ability to accept losses and be patient. They're not easy skills to learn. I'm sorry if it sounds patronising, but it's true. I also advocate venting here, as I did yesterday on the Formby loan at FS, which IMO is being dramatically more badly managed than this one. Re: this loan in particular, updates have recently been weekly, which frankly is more than I'd expect. In my example above, it took FS 2.5 fricking months to advise that, in fact, a new lender wasn't going to lend. In that comment, I actually drafted (but didn't end up including) that I wish MT were looking after that loan. I can certainly see what's concerning you. As with so much of P2P, this borrower's plans are endlessly twisting in the wind. They were meant to be open a few weeks after this loan was launched (ha). At each and every turn, they've disappointed, and may continue to do. I strongly suspect that MT have their reservations too. However, with letter in hand, they claim to be refinancing. So MT's choice is either to believe them or default the loan. So, yes, I would say you're fretting. There's nothing wrong with that, but there's no real point trying to micro-manage MT to confirm daily activity. This is their largest loan, they know that people want to see a good outcome and promptly as possible.
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Post by Duane Dibley on Nov 24, 2018 10:32:25 GMT
I am also sick of people getting into petty arguments. Sadly it just seems rather indicative of the state of P2P. When everything was rosy in the P2P garden the forum was a rather pleasant environment with plenty of good advice and a sharing of information for the common good. Now it just seems really quite fractious and argumentative, with everyone on edge over their own potential losses and trying to gain the smallest edge over others. Maybe there's a law somewhere stating the number of arguments on the forum is directly proportional to the number of defaults on the platforms. And with people like yourself, previously staunch supporters of the industry and various platforms, now talking of getting out entirely, I do wonder whether P2P is, if not on it's deathbed, in serious need of major life-saving surgery just to keep a pulse going.
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elliotn
Member of DD Central
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Post by elliotn on Nov 24, 2018 11:07:03 GMT
Look, I came on this forum to raise, what are in my mind legitimate, concerns about the conduct of a particular loan. I have been polite and constructive I have been specific about what is concerning me. I have also accepted my own responsibility for my overexposure to the loan. As a result my concerns have been labelled as 'fretting' and it has been suggested that my motivation is to receive a therapeutic effect; that is demeaning and it is patronising. Now, another member is accusing me of 'handbags'. There is no need for it guys. If you have nothing constructive to say then just say nothing. I wont be abusing you and I would respectfully ask that you do not abuse me. I wasn't directing the handbags comments at you. I am also sick of people getting into petty arguments. I’d imagine this is typical of most fora. Tribalism doesn’t help ie pro/anti platform or any other infinite, meaningless posture. That said, there are other cultures that would marvel at our first world pettiness.
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Post by mrclondon on Nov 24, 2018 11:40:42 GMT
Borrowing company accounts for y/e July 2018 (1st period since incorporation) have been filed at CH in month 4 (Nov 18) which will undoubtably help the refinance process. The stated value of creditors vs the known loan values looks plausible, the only eye catching thing is the book value they have ascribed the site is a fair bit higher than we might have expected.
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Post by queenvictoria on Nov 30, 2018 17:15:11 GMT
MT, is everything in order for completion of the refinance by next Saturday? Did the accountants report on time and does the content look satisfactory?
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cedarcourtcapital
Member of DD Central
Listening is not the same as understanding
Posts: 190
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Post by cedarcourtcapital on Nov 30, 2018 17:44:41 GMT
MT, is everything in order for completion of the refinance by next Saturday? Did the accountants report on time and does the content look satisfactory? Moneything will not provide that kind of update on this non-platform forum. They may see you question and provide an answer via their web site where all lenders have the same access to the information.
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Post by queenvictoria on Nov 30, 2018 22:22:25 GMT
MT, is everything in order for completion of the refinance by next Saturday? Did the accountants report on time and does the content look satisfactory? Moneything will not provide that kind of update on this non-platform forum. They may see you question and provide an answer via their web site where all lenders have the same access to the information. Of course, that's exactly what I am asking them to do. I am sure they will provide an update on their website when they have something to report. What concerns me is that they seem not to have anything to report and this is a repeating pattern with this particular loan
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withnell
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Post by withnell on Dec 3, 2018 11:45:30 GMT
Moneything will not provide that kind of update on this non-platform forum. They may see you question and provide an answer via their web site where all lenders have the same access to the information. Of course, that's exactly what I am asking them to do. I am sure they will provide an update on their website when they have something to report. What concerns me is that they seem not to have anything to report and this is a repeating pattern with this particular loan MoneyThing, I'd also appreciate an update. With the proposed date from the bank falling on a non-business day, are all required teams sufficiently resourced to complete the refinance this Saturday?
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Post by queenvictoria on Dec 7, 2018 8:37:07 GMT
Of course, that's exactly what I am asking them to do. I am sure they will provide an update on their website when they have something to report. What concerns me is that they seem not to have anything to report and this is a repeating pattern with this particular loan MoneyThing , I'd also appreciate an update. With the proposed date from the bank falling on a non-business day, are all required teams sufficiently resourced to complete the refinance this Saturday? MT, presumably you will give us an update before close of play today given that the latest target date for refinance of this loan is tomorrow. I note that in a recent update on another loan you say you are getting daily updates from the borrowers solicitor on progress. I wonder what information you are getting from the borrower/solicitor on this loan. I suspect they are not as forthcoming. Please update today.
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Post by queenvictoria on Dec 7, 2018 20:18:17 GMT
MoneyThing , I'd also appreciate an update. With the proposed date from the bank falling on a non-business day, are all required teams sufficiently resourced to complete the refinance this Saturday? MT, presumably you will give us an update before close of play today given that the latest target date for refinance of this loan is tomorrow. I note that in a recent update on another loan you say you are getting daily updates from the borrowers solicitor on progress. I wonder what information you are getting from the borrower/solicitor on this loan. I suspect they are not as forthcoming. Please update today. MT. I am grateful for the update just received on the platform. From what you say it sounds as if the conditions set out in the email of 16th Nov were met and this new condition is one that you would expect to be satisfactorily concluded quite soon. You final comment where you give your opinion on the best course of action is the most comforting part of the update for me because I do not now need to look for the subtext. Thank you
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