ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,155
Likes: 4,823
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Post by ozboy on Sept 3, 2018 9:56:58 GMT
Dear XXXXXXX,
The account in which we hold your lender funds has been credited with interest over the period of 04 Jun 2018 to 02 Sep 2018 by the bank with whom we hold these funds as a client account. We have apportioned £X.xx to your lender account, based on your average balance during this period.
Regards,
-- The Unbolted Team
I'm not aware of ANY other Platform doing this? Only trivial amounts but it's the thought and Platform integrity that counts?!
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,739
Likes: 3,134
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Post by jonno on Sept 3, 2018 10:21:34 GMT
Dear XXXXXXX,
The account in which we hold your lender funds has been credited with interest over the period of 04 Jun 2018 to 02 Sep 2018 by the bank with whom we hold these funds as a client account. We have apportioned £X.xx to your lender account, based on your average balance during this period.
Regards,
-- The Unbolted TeamI'm not aware of ANY other Platform doing this? Only trivial amounts but it's the thought and Platform integrity that counts?! Couldn't agree more. I've now got the considerable dilemma of what I'm going to spend my £0.29 on
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invester
P2P Blogger
Posts: 612
Likes: 618
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Post by invester on Sept 3, 2018 11:27:26 GMT
I don't know about you chaps, but £2,200 appears to my equilibrium figure where repayments equal investments to the extent I don't have to top up.
Is that the same for everyone else?
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IFISAcava
Member of DD Central
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Post by IFISAcava on Sept 3, 2018 11:53:37 GMT
I don't know about you chaps, but £2,200 appears to my equilibrium figure where repayments equal investments to the extent I don't have to top up. Is that the same for everyone else? It will greatly depend on your auto invest settings. My equilibrium was well into 5 figures not 4.
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,739
Likes: 3,134
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Post by jonno on Sept 3, 2018 11:54:17 GMT
I don't know about you chaps, but £2,200 appears to my equilibrium figure where repayments equal investments to the extent I don't have to top up. Is that the same for everyone else? I think it depends how long you've been with Unb. I've been with them since pretty much the outset and hit a peak of around £20k about two years ago. This then began to fall as re-investments fell below repayments and hit a plateau of £13k-£14k where it has remained for some time. Having said that, I have to invest significantly (for me) in the unprotected loans to maintain this level.
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picnicman
Member of DD Central
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Post by picnicman on Sept 3, 2018 13:27:17 GMT
I don't know about you chaps, but £2,200 appears to my equilibrium figure where repayments equal investments to the extent I don't have to top up. Is that the same for everyone else? I think it depends how long you've been with Unb. I've been with them since pretty much the outset and hit a peak of around £20k about two years ago. This then began to fall as re-investments fell below repayments and hit a plateau of £13k-£14k where it has remained for some time. Having said that, I have to invest significantly (for me) in the unprotected loans to maintain this level. The interest from funds held at bank is nothing new - have received payments in the past - cannot remember frequency - 6p this time!! With regards to the unprotected loans, I do not see them as any different to any loans on say MT or AC or ABL in that the whilst there is no 'shield', the UB loan is secured on an asset - watches, wine etc which are held by UB or on their behalf, which can be sold to recover dues. That is not to say that there may not be losses, but to date, UB also have a very good record on loan default recovery - something we do not see to the same level on many other platforms. To that extent, I do not see such loans as any more risk than those on other platforms. I am not advising investing in such loans - each to their own DD, but just my opinion for what it is worth and let us hope, especially for me, that it stays that way. Happy to be corrected/hears different views. ozboy !! Cheers P
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Post by dan1 on Sept 3, 2018 17:18:34 GMT
I think it depends how long you've been with Unb. I've been with them since pretty much the outset and hit a peak of around £20k about two years ago. This then began to fall as re-investments fell below repayments and hit a plateau of £13k-£14k where it has remained for some time. Having said that, I have to invest significantly (for me) in the unprotected loans to maintain this level. The interest from funds held at bank is nothing new - have received payments in the past - cannot remember frequency - 6p this time!! With regards to the unprotected loans, I do not see them as any different to any loans on say MT or AC or ABL in that the whilst there is no 'shield', the UB loan is secured on an asset - watches, wine etc which are held by UB or on their behalf, which can be sold to recover dues. That is not to say that there may not be losses, but to date, UB also have a very good record on loan default recovery - something we do not see to the same level on many other platforms. To that extent, I do not see such loans as any more risk than those on other platforms. I am not advising investing in such loans - each to their own DD, but just my opinion for what it is worth and let us hope, especially for me, that it stays that way. Happy to be corrected/hears different views. ozboy !! Cheers P It's paid quarterly so expect the next payment at the start of December 2018.
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Post by df on Sept 3, 2018 17:20:37 GMT
I don't know about you chaps, but £2,200 appears to my equilibrium figure where repayments equal investments to the extent I don't have to top up. Is that the same for everyone else? My figure is larger, but works pretty much the same - I do top up occasionally when my cash balance gets below £150, but generally the account is self-balanced.
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