awk
Posts: 275
Likes: 146
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Post by awk on Sept 24, 2017 16:08:07 GMT
I don't come down here very often as I'm out of LC (as far as I can be), but just thought I'd look for any updates and/or recoveries (I've written them off, but would like to be pleasantly surprised).
No posts in four weeks says it all - is there anyone here, or is it just me
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gibmike
Member of DD Central
What is a cynic? A man who knows the price of everything and the value of nothing.
Posts: 255 
Likes: 159
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Post by gibmike on Sept 24, 2017 17:31:21 GMT
Love the film, never tried the platform.
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Post by albermarle on Sept 24, 2017 18:34:54 GMT
You might be surprised to hear that there is still life out here on the LC sub board !
As far as I can see there are a few unhappy investors who have pulled out and are waiting for any sign of defaulted loan recoveries from previous years.
On the other hand the loan pipeline has become quite regular ( 5 a week ?) and some of us ( well me anyway) are picking and choosing on the PM as best we can, and normally getting good rates ( typically > 10%) + a recent £150 bonus . I have not got any late payments yet although I am relatively new , but the last time I looked at the whole loan book , there are no loans in arrears for those originating in 2017 ( although two for December 2016). Probably the defaults come like London buses....
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Post by wyreflyer on Sept 27, 2017 15:53:49 GMT
I'm busy pulling out from the ISA, but it seems to have stuck selling out at half my investment. I've emailed and it seems to be a tech problem.
One of my loans has gone into arrears, over 5 months late, only know as I downloaded the csv file. You don't get any notification as the ISA is a blackbox investment.
Still in the self-select, after popping in £2500 for the £150 cashback. At least I can choose, so nobody's fault but mine.
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Post by albermarle on Sept 27, 2017 18:48:11 GMT
You can have the Self Select Account in an IFISA as well.
I avoid black box accounts, apart from the easy access one with AC
Anyway back to LC , the black box account only pays 6%, whilst around 12 % is possible on the PM: minus losses and the 1 % fee .
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r00lish67
Member of DD Central
Posts: 2,691
Likes: 4,048
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Post by r00lish67 on Oct 23, 2017 16:37:30 GMT
<blows cobwebs from LendingCrowd subforum coffin, lifts lid>
Autumn Cashback Promotion!
Take advantage of our Autumn 2017 Cashback Offer to get £200 when you lend £5,000 to UK businesses with LendingCrowd.
4% CB was sufficiently sizeable for me to have a look, but the loanbook still appears to be missing a 'recovery' column (no, really).
Is that really true, have the platform yet recovered anything from one of their troubled loans?
<carefully replaces coffin lid>
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Post by lionelrichtea on Oct 23, 2017 22:13:55 GMT
My defaults: two borrowers declared bankruptcy, one is completely untraceable and the other has had their property on the market for 6 months.
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