I understand...

Ocean Finance have consolodated all the sums to make one easy manageable monthy payment. Why not give them a call?

Posted By: Jim Nasium on November 23rd 2005 at 15:24:01

Message Thread

Is our debt made up of 1 big loan or loads of smaller loans? (n/m) (NCFC) - Pekey_PK, Nov 23, 15:22:17
- Fucking loans.I've had loans to pay off loans.Should be clear by 2007. (NCFC) - big_erics_shin, Nov 23, 15:45:10
- I understand... (NCFC) - Jim Nasium, Nov 23, 15:24:01
  - Result! (n/m) (NCFC) - Arizona Bay, Nov 23, 15:24:39
- Spot the Ocean Finance joke on the horizon. (NCFC) - Arizona Bay, Nov 23, 15:23:40
  - ha ha (n/m) (NCFC) - Jim Nasium, Nov 23, 15:24:14
- Perhaps we should consolidate all of our exisiting loans into one lower monthly payment? (NCFC) - Squiggles, Nov 23, 15:23:32
  - Eight seconds damn you. (n/m) (NCFC) - Arizona Bay, Nov 23, 15:24:08
    - Happy days (n/m) (NCFC) - Small, Nov 23, 15:25:10
      - you failed again on your entrance today (NCFC) - camcan, Nov 23, 15:26:09
        
        Small (NCFC) - Small, Nov 23, 15:29:30
- Lots of big ones. (n/m) (NCFC) - The Tudster, Nov 23, 15:23:04
  - Here's info re the structured debts etc. (NCFC) - Financebod, Nov 23, 15:39:02
    - The debt is manageable and they should get a good part of the (NCFC) - Financebod, Nov 23, 15:42:35
    - Pardon my ignorance, but why do we need to borrow at LIBOR + 2%? (n/m) (NCFC) - The Tudster, Nov 23, 15:42:27
      - LIBOR (aka Base Rate)+2% is a good rate for a commercial loan (NCFC) - Financebod, Nov 23, 15:44:30
        
        I know what it means, and it's only good while LIBOR is low. (n/m) (NCFC) - The Tudster, Nov 23, 15:47:19
        
        may be NCFC thought the rate for a fixed rate loan rather steep ? (NCFC) - Financebod, Nov 23, 15:53:24
        
        Hang on a minute - timescale related ! (NCFC) - Financebod, Nov 23, 16:05:35
        
        Keep going. (n/m) (NCFC) - The Tudster, Nov 23, 16:10:28
        
        I'll do that. (n/m) (NCFC) - The Tudster, Nov 23, 15:55:45
        
        *oops London rather than Londin (n/m) (NCFC) - Financebod, Nov 23, 15:44:54
        
        Tudster - often variable rate loans are expressed as LIBOR + n% (NCFC) - Financebod, Nov 23, 15:47:34
        
        variable rate commercial loans get expressed that way (n/m) (NCFC) - Financebod, Nov 23, 15:48:13

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