Loancheck/Watsons Solicitors

maxdp

unlucky45 wrote: »

I do not know, I am just repeating what i have been told, allthough this is 2nd or 3rd hand information so i cannot be 100% of the accuracy

However i wonder what counter measures have been put in place as to not overload it with cases and grind it to a halt, much like what seems to have happened to watsons

I am simply saying that it all seems a little odd to me, given that i know black knight were sending out emails a few months back trying to offer their services to other solicitors as a friend of mine received one.

Does anyone know if they have any other firm's they can place peoples cases with or not?

I am sure Thomas will shed some light on this subject being the man in the know

I wonder if they are going through another risk assessment so that they just take off the cream if you see what I mean.

marshallka

maxdp wrote: »

I wonder if they are going through another risk assessment so that they just take off the cream if you see what I mean.

But surely ALL cases would have been risk assessed before? Does that mean that the Loancheck risk assessment was wrong for some reason? Have Watsons been taken for ride?

maxdp

I do not think it is as blatant as that. Somebody somewhere said that they were being audited again by the new Solicitors. Perhaps they are trying to get through those that can quickly raise an income.

maxdp

I suppose if the Administrators have been called in they will wind up a company or try to sort it out and get it running again so if these cases are going forward it must be a good thing for the Investors and Clients, or am I just being naive.

marshallka

maxdp wrote: »

I suppose if the Administrators have been called in they will wind up a company or try to sort it out and get it running again so if these cases are going forward it must be a good thing for the Investors and Clients, or am I just being naive.

I don't think you are being naive at all maxdp but I think that if Black Knight think its a good buisness venture then I think they are wrong. CMC's are ten a penny now and have such a bad name cause of things happening like in this thread and also Loanchecks thread. I dare say if they do get up and running again then they will have to prove themselves over a number of years for them to be taken seriously BUT by that time again, people could have wasted so much time and energy on something that comes to nothing. Perhaps that is my pessimism but then again I have always been pessimistic to these things!!! UP to yet i was right about loancheck though and have yet to be proved wrong!! WHo have they actually helped?

Where the investors are concerned I do have sympathy.

maxdp

Yes the Investors must be in a bad position. Were they fixed bonds for three years or something. So just before they were paid out they went bust and somebody or bodies creamed all the money.

These Loancheck companies do not seem to run more that three years before they close down this seems to be a continuing pattern Doesn't it?

marshallka

maxdp wrote: »

Yes the Investors must be in a bad position. Were they fixed bonds for three years or something. So just before they were paid out they went bust and somebody or bodies creamed all the money.

These Loancheck companies do not seem to run more that three years before they close down this seems to be a continuing pattern Doesn't it?

It does seem like something is going on maxdp. I agree on that one.:eek:

petermb_2

marshallka wrote: »

It does seem like something is going on maxdp. I agree on that one.:eek:

I know that what has happened was not originally planned. The people that ran it did not set out for this lot to happen. The project was set up to assist the public. Somewhere along the line that fundamental principle got lost and money took over.

marshallka

petermb wrote: »

I know that what has happened was not originally planned. The people that ran it did not set out for this lot to happen. The project was set up to assist the public. Somewhere along the line that fundamental principle got lost and money took over.

People got greedy then? Sounds just like the banks. Just who can you trust??

maxdp

Loancheck is still operating abroad though isn't it. I think Belgium and America, Europe. Are they completely different than those in this country. Do they have any financial ties with Loancheck in UK?