brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
Posts: 384
Likes: 386
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Post by brianlom1 on Aug 9, 2019 19:36:51 GMT
Th***** Shock I*****d De****tors sounds like a trendy craft beer or a heavy metal band.
That made me chuckle :-)
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brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
Posts: 384
Likes: 386
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Post by brianlom1 on Aug 9, 2019 19:39:20 GMT
Why not make the primary market more like the secondary market, allow people to place bids with an optional premium over a (say) 24 hour period, then match the borrower's loan to the most competitive bidders. I seem to recall that ReBS did something similar (not a platform I would want Abl to copy any ideas from)
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ptr120
Member of DD Central
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Post by ptr120 on Aug 9, 2019 19:48:14 GMT
I agree that bid limits should have been implemented as I thought that ablrate had said that they would do for smaller loans to new borrowers where it could have been foreseen that it'd fill quickly. For the platform to grow their investor base, investors need to have the opportunity of getting a nibble of a new loan rather than only being able to invest by buying at a premium from a flipper on the SM.
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Post by GSV3MIaC on Aug 11, 2019 20:12:18 GMT
ablrate regardless of the merits of the loan I am p1$$ed off that, once again, you couldn't be bothered to set any bid limits such that I (and dozens of others) might have got a small nibble. Please fix it, or my ISA is headed elsewhere. You knew that a previous loan was cancelled, so there was oodles of funds looking for a home, and you let a few people scoop the lot, to resell at a premium to those of us who have a life. ablrate if you implement maximum bid limits on loans I'll be forced to move my families large accounts elsewhere. Feel free to implement minimum bid limits fwiw, I didn't get any of this loan as I was busy reading the docs. Well yes, that approach will reduce the number of lenders, and may eventually get them down to the same small population size as the number of discrete borrowers. Not sure that's what ablrate wants, but maybe they do.. Be less hassle with just a dozen or two of you.
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Post by Deleted on Aug 12, 2019 11:57:39 GMT
I suspect that ABL were just glad to get a deal away without a long period of waiting for the money to come through and without a tonne of questions that kinda pointed out the reasons why the money was slow in coming.
One away, new borrower, well done.
Putting in a bidding war at first buy just does not solve the core problem, which is a lack of good quality loans coming through. Nobody wants poor quality loans.
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ptr120
Member of DD Central
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Post by ptr120 on Dec 14, 2021 6:34:21 GMT
Something smells very off in the update in this loan yesterday.
A someone who lives in Germany, I can confirm that there are no Covid related restrictions to the supply chain, except where a producer has a labour shortage due to infections, which are short-term and very specific, company related problems (so not whole supply chain issues). Sure, costs are going up for everyone, but sensible businesses have purchased in advance, and this borrower should have the ability to pass on increased costs (or sufficient margin to absorb them). As for fuel shortages. except for a very brief period in the UK, there have been no fuel shortages. Price increases, sure, but shortages, no, and certainly not here in Germany. I think that either the platform or the borrower (or both) have simply googled excuses to not pay back my loan. These have been accepted, unchallenged by the platform.
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GreenZero
Member of DD Central
The early bird may get the worm, but it's the second mouse who gets the cheese
Posts: 221
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Post by GreenZero on Dec 14, 2021 9:46:55 GMT
I agree ptr120. I tend to be of the opinion once a lender realises "there are no teeth after the bark" it becomes easier for them the second/third time around. C19 can be a convenient excuse which on the surface nobody dares to question. Just like the companies who say their staff have been much happier working from home, there has been less sick days and they have been much more productive - also have a header on their incoming calls warning of a delay in calls being answered due to the impact of C19
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hubert
Member of DD Central
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Post by hubert on Jan 19, 2022 14:53:40 GMT
Interest only for a while, paid today on time, so why not tradeable on ASMX ?
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hubert
Member of DD Central
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Post by hubert on Jan 20, 2022 11:50:32 GMT
Took an extra day for some reason, but now showing in ASMX.
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eeyore
Member of DD Central
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Post by eeyore on Oct 19, 2023 12:35:57 GMT
Repaid today!
"LENDER UPDATE 19 OCT 2023: We have received this month's capital and interest payment. The loan has now repaid in full."
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r1200gs
Member of DD Central
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Post by r1200gs on Oct 19, 2023 15:40:15 GMT
I suspect this is my only fully repaid loan across 3 platforms.
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macq
Member of DD Central
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Post by macq on Oct 19, 2023 17:53:59 GMT
I suspect this is my only fully repaid loan across 3 platforms. I suspect it was helped by seemingly being the only non inter-connected loan
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