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Qardus
Jul 2, 2021 13:49:52 GMT
df likes this
Post by Badly Drawn Stickman on Jul 2, 2021 13:49:52 GMT
Looking at the website, but can't find the answers to two questions: 1. Are the loans amortising? 2. Do they have instant return? Yes to 1 No to 2 Seems to be working well to date (anticipated 3)
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Qardus
Jul 2, 2021 14:07:45 GMT
Post by Ace on Jul 2, 2021 14:07:45 GMT
As a supplementary comment to Village's anticipated 3:
Qardus have been a star performer for me this year (hope that doesn't put the mockers on it).
I'm in 4 loans so far (5 including the one in funding) and am achieving a combined (and ever increasing) XIRR of 14.31%. And that includes the initial cash drag of up to 30 days.
If I include my Q Boost payments the XIRR is currently 16.72%.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,032
Likes: 1,856
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Qardus
Jul 2, 2021 14:26:26 GMT
Post by littleoldlady on Jul 2, 2021 14:26:26 GMT
My only gripe with them is that they only offered the qboost to new investors, showing no loyalty to the early investors who got the platform off the ground. Otherwise all looking good so far.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,039
Likes: 595
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Qardus
Jul 2, 2021 14:44:12 GMT
Post by dave4 on Jul 2, 2021 14:44:12 GMT
ditto
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Post by Ace on Jul 2, 2021 15:55:48 GMT
My only gripe with them is that they only offered the qboost to new investors, showing no loyalty to the early investors who got the platform off the ground. Otherwise all looking good so far. I got Q Boost on my first 2 investments. I think they offered it on the second to try to get it filled. The current loan is quite a big one for Q, so there's a chance they might extend the boost to current investors to get this one filled as well.
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Qardus
Jul 5, 2021 6:35:45 GMT
Post by honeybadger on Jul 5, 2021 6:35:45 GMT
Should we post a link on the general chat for the broader community? They are some way from filling it currently.
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Qardus
Jul 16, 2021 9:34:50 GMT
Ace likes this
Post by birdie on Jul 16, 2021 9:34:50 GMT
Just dipped my toe in to see how it goes.
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Qardus
Jul 16, 2021 10:14:23 GMT
Post by Ace on Jul 16, 2021 10:14:23 GMT
Just dipped my toe in to see how it goes. You must have big feet, there's £30k gone since yesterday!
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,039
Likes: 595
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Qardus
Jul 16, 2021 10:36:48 GMT
Ace likes this
Post by dave4 on Jul 16, 2021 10:36:48 GMT
Some of that is mine.
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huxs
Member of DD Central
Posts: 300
Likes: 218
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Qardus
Jul 16, 2021 12:24:46 GMT
Post by huxs on Jul 16, 2021 12:24:46 GMT
I am just about thinking about taking my toe's out of my slippers to test the water but there is so little information on the website (without signing up) that it hard to know if I will be wasting my time. So can anyone give me an idea of the amount of information provided on each loan and is this sufficient to make a judgement on the ability to repay, credit worthiness etc; Also am I correct these are all unsecured loans are their Guarantees or other forms of security ?
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,039
Likes: 595
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Qardus
Jul 16, 2021 18:12:48 GMT
Ace likes this
Post by dave4 on Jul 16, 2021 18:12:48 GMT
huxs sign up, have a look, better time spent than fri tv.
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Qardus
Jul 16, 2021 19:51:13 GMT
Ace likes this
Post by df on Jul 16, 2021 19:51:13 GMT
Just dipped my toe in to see how it goes. The same, done it 2 days ago. Found the process of investing confusing. As as was trying to invest from cash balance I ended up with another "Pending pay in". Got a similar issue a couple of times with Rebs and there is no way to cancel it on-line. I guess it doesn't matter, what I wanted to invest displays as "invested".
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Qardus
Jul 16, 2021 20:46:32 GMT
df likes this
Post by Ace on Jul 16, 2021 20:46:32 GMT
I am just about thinking about taking my toe's out of my slippers to test the water but there is so little information on the website (without signing up) that it hard to know if I will be wasting my time. So can anyone give me an idea of the amount of information provided on each loan and is this sufficient to make a judgement on the ability to repay, credit worthiness etc; Also am I correct these are all unsecured loans are their Guarantees or other forms of security ? It's difficult to say if there's enough info. For some people there will never be enough, others won't even read what's provided. I manage some P2P accounts for friends and family and have some of both of these types (though not for Qardus). There's enough info for me. The company name, address and CH registration number are provided, as is the name of the principal, so enough to start your own DD. The company financials for the recent past (3 years) are also provided. The loan is basically unsecured. There's a PG, but we all know what they're worth. Rightly or wrongly I take comfort from the amortising nature of the loans. In my experience fewer amortising loans fail to repay than interest only loans. Perhaps due to there being a smaller capital amount owed as each month passes, so the borrower feels it's less worth going through the defaulting process over a smaller and smaller sum. Or perhaps it just makes it easier to refinance if necessary. Not sure I've explained that very well, or even convinced myself now I've tried to write it down! Anyway, as Dave said, why not sign up and take a look?
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Qardus
Jul 16, 2021 20:52:39 GMT
df likes this
Post by Ace on Jul 16, 2021 20:52:39 GMT
Just dipped my toe in to see how it goes. The same, done it 2 days ago. Found the process of investing confusing. As as was trying to invest from cash balance I ended up with another "Pending pay in". Got a similar issue a couple of times with Rebs and there is no way to cancel it on-line. I guess it doesn't matter, what I wanted to invest displays as "invested". Embarrassingly, I've made the same mistake on two different loans now. I've let them know that the process is a bit confusing. They've said they will take a look. I found an earlier problem with the website and they did fix that one. I think I might have had the same issue on AxiaFunder a couple of years back. Both platforms use the ShareIn infrastructure, so that's probably where the issue lies.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,039
Likes: 595
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Post by dave4 on Jul 16, 2021 21:09:23 GMT
Yes i cocked up my first investment payment too . basically bank to wallet, wallet to (click on investment and download info ect, then green invest button at bottom) investment, or directly from bank (take careful note of the investment info to input bank) to loan (click on investment and download info ect, then green invest button at bottom). On plus side withdraws are very easy and quick (next working day) which is handy to reduce cash drag as loan flow is slow at present. Also e mail alerts of dividend and CP repayments. Very helpful via e mail also with quick and clear info.
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