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Post by Ton ⓉⓞⓃ on Feb 7, 2020 12:12:05 GMT
Anyone know what the queue will be like at this time in the month? I made my first deposited in about a year (into an IFISA) on Weds 5.2.2020
When do you think I'll start to get matched?
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marie
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Post by marie on Feb 7, 2020 13:42:57 GMT
I deposited some money about this time yesterday, and that is being matched as we speak. I think the time for the money to get matched can vary from investor to investor, because I don't believe investors can get matched to loans they already own a part of. Hopefully your money will get lent soon  |
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aju
Member of DD Central
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Post by aju on Feb 7, 2020 13:49:08 GMT
Anyone know what the queue will be like at this time in the month? I made my first deposited in about a year (into an IFISA) on Weds 5.2.2020
When do you think I'll start to get matched?
I think the last email 31/1 states,
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Post by Ton ⓉⓞⓃ on Feb 8, 2020 0:03:40 GMT
I think the last email 31/1 states, Thanks, and true to the email £70 of 1K has been loaned out today.
Tho' 4 of the 7 are paying off other debts/consolidating, perhaps that normal for a month after Christmas. One of those four is a C24 (i.e.24mnths)
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Post by Ton ⓉⓞⓃ on Feb 10, 2020 16:11:59 GMT
Update. £1000 fully lent out by 5am this morn, five days after it started lending. 7.6% is under the old safeguard (SG).
The Summary says I've £1.14 Interest but the statements seem to reveal it's Upfront fees for selling lower rated loans to me.
118borrowers in total 60 (~half) of which are less than £10 so they must've been sold by other Lenders to me? Is that correct?
One loan has the market "A-Sec" Now I know there's A*, A, B & C (I'm only in ISA Core) but what is "A-Sec"?
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aju
Member of DD Central
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Post by aju on Feb 10, 2020 17:30:52 GMT
Update. £1000 fully lent out by 5am this morn, five days after it started lending. 7.6% is under the old safeguard (SG).
The Summary says I've £1.14 Interest but the statements seem to reveal it's Upfront fees for selling lower rated loans to me.
118borrowers in total 60 (~half) of which are less than £10 so they must've been sold by other Lenders to me? Is that correct?
One loan has the market "A-Sec" Now I know there's A*, A, B & C (I'm only in ISA Core) but what is "A-Sec"?
It's an A loan that is secured possibly a car perhaps I can't remember. If they are less than £10 then yes they are old loans unless they are the final parts of a loan perhaps. You can usually tell by looking at the alltime loanbook.csv and checking the following columns. C/3 Acquired = Y/25 Loan Start Date means new loan C/3 Acquired < Y/25 Loan Start Date means old loan relent Note: C/3 is either col C in spreadsheets usually or Col 3 in other tools perhaps. ........ I checked all A-Sec and B-Sec MrsAju's ISA loanbook and they were all cars I checked all mine in the ISA and I only had A-Sec types and all were cars too. I also checked my new loan vs old loan theory and as far as I can tell all new loans are exact multiples of £10 whereas regurgitated loans are not. In my case many all were not multiple of 10 some were above though in the case of SG ones where I had lent > £10 blocks when SG was in full flow. Hope that helps, other may have different stuff perhaps. Edit: I remembered there is a Zopa description of most of the columns here last time I checked the comments field was not there but the others are its not a complete description but its a start. I think someone on these forums did none once but I can't remember where it is and its likely needing an update as the columns moved around a bit due to FCA requirements recently. Edit2: The risk markets A-E are explained here although secured is just mentioned rather than shown as A-Sec or B-Sec.
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Post by Ton ⓉⓞⓃ on Mar 7, 2020 12:51:23 GMT
I've transferred 3.7k in total during Feb across to my new ISA a/c. I've eased up for covid to see what was going to happen, but these are the deposits
date
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| £
| | 29/2 |
| 50 | 27/2
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| 100
| | 26/2 |
| 100 | | 25/2 |
| 100 |
I've not added any more, but this £350 appears to be stuck in the New Money Queue. Specifically, the 100 on the 25/2 has been waiting 11days. Is it that each new deposit delays the lending of earlier money in the q? It seems as if all the money gets lumped together losing it's position in the q, so it all gets lent at the same time in a block. I was hoping to regulate the flow of capital.
The Zopa email of today says,
I'm in Core and I know well that the queue grows greatly at the start of the month, I'm assuming my situation has a different cause, any comments?
In Edit. The previous weeks email from Zopa said,
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aju
Member of DD Central
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Post by aju on Mar 8, 2020 11:24:14 GMT
Ton ⓉⓞⓃ , Not sure if its relevant but I have relend in all our ISA products pointing at Core and we both tend to have quite high amounts in the queues especially over the weekends. For interest my personal lending over the last few days, based on "Statement for 01/03/2020 to 08/03/2020" I can see online and all to Core, is as follows Lent Date All £10
02/03/2020 12 7
03/03/2020 11 9
04/03/2020 10 2
05/03/2020 25 17
06/03/2020 3 0
07/03/2020 11 6
I believe that new money will be lent last after each days lending has dealt with any recycled funds but I could be wrong. If I am right then it will make new lending much slower than ours and it is slow at present compared to a few months ago. The other issue is that there may be quite a bit of new funding at present as well due to the end of the year ISA rush...
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