JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
Likes: 893
|
Post by JamesFrance on Sept 11, 2018 9:41:14 GMT
I am only posting this because I joined this site recently and had a pleasant call from a Pyrford resident who explained their system. This post is designed as feedback as other potential investors could have the same problem.
The high quality loans are only available occasionally with a minimum of £1000 per bid and one day's notice. Otherwise you cannot invest. My problem is that I do not leave money lying idle in my bank in case this site launches a new loan. It would take me 2 days to send money to them because unlike my European P2P sites the British one linked to my sterling account will not do same day withdrawal although some do. So I cannot get money to Proplend to invest and I will not leave money there lying idle in case a loan appears.
|
|
bababill
Member of DD Central
Posts: 525
Likes: 243
|
Post by bababill on Sept 12, 2018 1:35:15 GMT
I have arranged an overdraft facility with my bank to cover me in the event of such circumstances. The net effect on a 365 day loan is on average I earn interest on 362 days with the balance 3 days going to pay the bank facility.
|
|