hantsowl
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Post by hantsowl on May 27, 2019 19:40:19 GMT
I also lost patience and withdrew the lot except for a stuck £10 loan.
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Post by p2pgirl on May 29, 2019 12:24:43 GMT
I've just gone past the magic number of less than 50% of my funds invested. Looking at my loan portfolio, I have only acquired 3 new loans in the last 50 days with the newest being 36 days.
I'm at that point of wondering how much longer I give it before I withdraw all my money? As far as I can tell there is no sign that things are going to improve other than the vague statement of a month ago "We expect the longer queue to last for most of this month (May) after which, deployment will rapidly pick up and the queue will start reducing as we get back to our normal pace with our usual quick deployment and good returns. So please bear with us as we develop these improvements." .
I'll give it till next Wednesday and then if there are no signs of improvement or a concrete statement from WLU ... it will be "I'm out".
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Post by Ace on May 29, 2019 13:20:26 GMT
I've just gone past the magic number of less than 50% of my funds invested. Looking at my loan portfolio, I have only acquired 3 new loans in the last 50 days with the newest being 36 days. I'm at that point of wondering how much longer I give it before I withdraw all my money? As far as I can tell there is no sign that things are going to improve other than the vague statement of a month ago "We expect the longer queue to last for most of this month (May) after which, deployment will rapidly pick up and the queue will start reducing as we get back to our normal pace with our usual quick deployment and good returns. So please bear with us as we develop these improvements." . I'll give it till next Wednesday and then if there are no signs of improvement or a concrete statement from WLU ... it will be "I'm out". Same here. Lending seems to have totally dried up for me. The total lent figure on the stats page has been stuck at £2.7M for ages. I was expecting to pick up a few loans from those withdrawing, but haven't so far. I'll give them till mid June unless a more comprehensive and convincing explanation turns up.
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markyg61
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Post by markyg61 on May 29, 2019 16:23:00 GMT
I withdrew just shy of a four figure sum from £3k queue from a £4k total so someone must have got something this week ! Like you, will leave it till next Friday latest. If no explanation appears or no new loans appear, I'm withdrawing the lot.
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Post by sayyestocress on May 30, 2019 9:08:51 GMT
I'm just less than 50% invested now with no new loans since early May. I'll give it till the end of June before deciding what to do - the money still invested is still earning a good return. I really do think they should be allowing withdrawals of queued money within an investment without selling off the loaned out money by now.
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Post by Ace on May 30, 2019 23:32:58 GMT
Shock news: I got 3 loans today totalling a massive £14!!!
One was a new loan and the other two were hand-me-downs.
Too early to say if this is blip or the start of the improvements.
On a negative note, the default rate on the 2018 cohort has now crossed the 'twice as bad as expected' mark.
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zlb
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Post by zlb on May 31, 2019 9:11:02 GMT
Shock news: I got 3 loans today totalling a massive £14!!! One was a new loan and the other two were hand-me-downs. Too early to say if this is blip or the start of the improvements. On a negative note, the default rate on the 2018 cohort has now crossed the 'twice as bad as expected' mark. yours or their 'as expected' mark? Your cohort/loans or overall? edit: I see it's theirs 20% not 10% - woo. but the pf coverage was at 74.8% according to their stats. Amazing that you got new loans - brand new, rather than purchased from someone exiting?
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Post by Ace on May 31, 2019 9:13:27 GMT
Shock news: I got 3 loans today totalling a massive £14!!! One was a new loan and the other two were hand-me-downs. Too early to say if this is blip or the start of the improvements. On a negative note, the default rate on the 2018 cohort has now crossed the 'twice as bad as expected' mark. yours or their 'as expected' mark? Your cohort/loans or overall? All theirs/overall, as taken from the stats page for 2018 cohort.
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zlb
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Post by zlb on May 31, 2019 9:15:42 GMT
yours or their 'as expected' mark? Your cohort/loans or overall? All theirs/overall, as taken from the stats page for 2018 cohort. Thanks logged in and saw. I wonder whether pf is a % of what is held or what is loaned out. The pf is currently at 115%
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zlb
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Post by zlb on May 31, 2019 9:22:00 GMT
I've had no loan action on my account since 17/04. My 'event history' page seems not to work.
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paulb
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Post by paulb on Jun 1, 2019 9:53:45 GMT
I had two loans go out yesterday, though both appear to be second-hand. Looks like borrowers are getting out quicker than lenders are getting in - I guess things will balance out eventually.
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paulb
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Post by paulb on Jun 10, 2019 13:27:36 GMT
Has anyone seen the end of the drought? I've had no new loans (though I appear to have bought 3 from others cashing out) for months, though I notice the total lent out has ticked up for the first time in a long time.
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Post by failedtheturingtest on Jun 10, 2019 14:42:58 GMT
I sold almost everything when the amounts queued for each investment were around 25%, but I did have one investment which only had 15% queued, and I kept that one in the system. It was still around 15% queued the last time I checked, about a week ago. But today, it is 100% lent out. And in my list of loans, it's clear that there was a fairly steady stream of loans until 18 May, then a gap with nothing lent out until 7 June, but there has been one or more loans each day since then. It does indeed look to me like the team has returned their attention to lending.
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paulb
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Post by paulb on Jun 10, 2019 16:36:57 GMT
Thanks, that's good news - any chance you could give a rough idea of when you initially invested that money? Assuming the age of investments still give them priority, that would be useful to know.
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Post by df on Jun 10, 2019 16:50:58 GMT
Has anyone seen the end of the drought? I've had no new loans (though I appear to have bought 3 from others cashing out) for months, though I notice the total lent out has ticked up for the first time in a long time. I haven't. Didn't see any change yet - my pre Q4 2018 investments are doing fine and all later investments are still stuck.
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