hazellend
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Post by hazellend on Jun 29, 2018 11:47:41 GMT
Anything coming up in the next week or two? I have a lump sum earmarked for equities but might hold off for a short spell if anything new coming up?
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Post by ablrate on Jun 29, 2018 12:50:17 GMT
Anything coming up in the next week or two? I have a lump sum earmarked for equities but might hold off for a short spell if anything new coming up? We are working on a few that will be here in that time frame and should have a diversified portfolio loan coming soon also.
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Post by flobberchops on Jul 12, 2018 16:08:45 GMT
Fantastic news, but any updates? I'm keen to not miss out this time.
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Post by df on Jul 13, 2018 0:54:33 GMT
Fantastic news, but any updates? I'm keen to not miss out this time. Sent 7 days ago: "There are several loans in the pipeline, we expect to be launching a new loan next week" - the week is over now.
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blender
Member of DD Central
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Post by blender on Jul 13, 2018 8:26:43 GMT
I live quite close to the Ablrate pipeline, and it's almost delivering loans:
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Post by fatbritabroad on Jul 13, 2018 15:09:46 GMT
I'll wait to see the valuation report... But seems legit 😂😂
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Post by ablrate on Jul 13, 2018 16:01:33 GMT
Unfortunately the timing of the issuing loans is not an exact science... but we are getting there with number of them.
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Post by fatbritabroad on Jul 13, 2018 20:40:46 GMT
Only joking ablrate I'd rather you take your time and get the due diligence right than rush and leave us exposed
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Post by df on Jul 13, 2018 21:06:27 GMT
Only joking ablrate I'd rather you take your time and get the due diligence right than rush and leave us exposed Definitely, quality is much more important than speed and quantity. In my personal experience Ablrare is best for quality, out of 10%+ platforms I'm in. It would have been good though if we could get some regular feedback on upcoming loans' progress. MT sends pipeline update regularly, something like this could help investors to plan what to do with their returns.
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blender
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Post by blender on Jul 14, 2018 11:12:12 GMT
Only joking ablrate I'd rather you take your time and get the due diligence right than rush and leave us exposed Definitely, quality is much more important than speed and quantity. In my personal experience Ablrare is best for quality, out of 10%+ platforms I'm in. It would have been good though if we could get some regular feedback on upcoming loans' progress. MT sends pipeline update regularly, something like this could help investors to plan what to do with their returns. That's right of course. My flippant image was not meant to show the true position. More likely, the pipeline will contain examples of the sort of borrower who is prepared to pay 25% overall. That is a borrower who will require serious evaluation, and effective supervision if accepted, and that's what Ablrate does. So those loan opportunities in the pipeline will be subject to weeding out at any stage, and even when accepted by Ablrate for listing, there may be those who use that offer of listing to look for something cheaper. Realistically, I don't think we are going to see far into the pipeline. However, as well as wanting good quality loan opportunities, we also wish to see sufficient to sustain the platform. One new listing in June, and none so far in July, is troubling.
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Post by df on Jul 14, 2018 22:34:58 GMT
Definitely, quality is much more important than speed and quantity. In my personal experience Ablrare is best for quality, out of 10%+ platforms I'm in. It would have been good though if we could get some regular feedback on upcoming loans' progress. MT sends pipeline update regularly, something like this could help investors to plan what to do with their returns. That's right of course. My flippant image was not meant to show the true position. More likely, the pipeline will contain examples of the sort of borrower who is prepared to pay 25% overall. That is a borrower who will require serious evaluation, and effective supervision if accepted, and that's what Ablrate does. So those loan opportunities in the pipeline will be subject to weeding out at any stage, and even when accepted by Ablrate for listing, there may be those who use that offer of listing to look for something cheaper. Realistically, I don't think we are going to see far into the pipeline. However, as well as wanting good quality loan opportunities, we also wish to see sufficient to sustain the platform. One new listing in June, and none so far in July, is troubling.
It appears that quality loans paying high interest are rare. I'm glad ABL manage to sustain despite very slow loan flow and do hope it won't go greedy like some other platforms.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Jul 15, 2018 8:14:06 GMT
Only joking ablrate I'd rather you take your time and get the due diligence right than rush and leave us exposed Definitely, quality is much more important than speed and quantity. In my personal experience Ablrare is best for quality, out of 10%+ platforms I'm in.
It would have been good though if we could get some regular feedback on upcoming loans' progress. MT sends pipeline update regularly, something like this could help investors to plan what to do with their returns.I guess you are not in the Containers then?
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blender
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Post by blender on Jul 15, 2018 9:39:34 GMT
He said the best, not perfect. Containers failed long ago, it has been pursued vigorously, and assurances have been given. Unfortunately, it takes as long as it takes.
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elliotn
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Post by elliotn on Jul 15, 2018 11:27:05 GMT
He said the best, not perfect. Containers failed long ago, it has been pursued vigorously, and assurances have been given. Unfortunately, it takes as long as it takes. Looking at some of the recent redemptions may help us assess whether abl have superior quality loans (often @23/4% pa). One was made 9 months after the original admission that no security had been put in place per the original loan proposal (and this repayment was only made after another query as to why us lenders had been left naked for so long). Another was to take the now public administration in-house by the borrower/financial intermediary. Another was a joint venture that rescued a borrower that had only ever made losses since inception (with the BS a sea of red). Another rescues the borrower from the most eye-watering, relative short term lending I’ve ever seen (speaking as former SME auditor) that swamped a parent guarantee shared with several other abl loans. For the avoidance of doubt, abl are on balance my favourite higher risk platform (ie no platform is perfect(!) and abl have arguably out-performed other high rate peers - whilst the directors related to Axxxxx AND their associated co’s remain good, of course 😉 ) but I am not blind to its risks and invest accordingly. Note 1 - I have commented on here re the above loans, DYOR (I’m on mobile for the wife’s birthday 😉 ). Note 2 - I look forward to investing in abl’s upcoming loans (subject to DD of course ).
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blender
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Post by blender on Jul 15, 2018 13:51:27 GMT
Quite so, Elliottm. df is talking about the best of some 10%+ platforms. I was talking about the sort of borrower who has to pay 25% overall. One might say that, in p2p generally, the fans are whirring and the excrement is flying, but somehow ablrate has just a few spots on the white suit, so far. Meanwhile, over on the FS board ...
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