coogaruk
Hello everyone! Anyone remember me?
Posts: 703
Likes: 463
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Post by coogaruk on Oct 15, 2019 17:34:06 GMT
Hello coogar and yes I do remember you! I think I remember you too!
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Post by df on Oct 15, 2019 18:45:59 GMT
I'm not sure why you would see this as a bad thing. I have no intention of lending in the 'new' (in my view they are essentially the old but with reduced rates) markets and should my returns fall to the 3/4/5% region then I will begin my rundown. Same will apply should RS decide to ditch the old markets, which I am sure they will in time.
I have watched Zopa and Funding Circle follow the same path and no longer lend (new money) with them either. P2P is not what it once was, nor originally intended to be, aka 'sold as'.
Hello coogar and yes I do remember you! Like you I have pulled out of Zopa (when they forced me into the 5 year market) and Funding Circle because of their lack of provision fund. I really don't like the ratesetter changes one bit which also now mean my access funds are going into 5 year loans without my control. I still have access to the 1 year but despite being a very small queue, loans are not getting matched any longer, and I think this market will be time limited. Ratesetter tell me this is because of "the popularity of the new markets" but I suspect it is because priority is being given to the new markets. I want to be proactive with my investments - RS has now taken this away from me so I will move money out too. The only issue is now where to go?? I wonder what lenders' favourites are?For auto-investment my favourites are GS, AC's 90-day, UB and LW. However, I'm not increasing my share in these so my returns from RS go to the banks on standby.
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