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PBL15
Jun 7, 2015 14:35:11 GMT
Post by chrisuk on Jun 7, 2015 14:35:11 GMT
PBL15 expired 2 days ago. This is the first of my loans to mature. Can anyone tell me what happens next? It is reading as '-2 days' on my dashboard and I am still receiving interest.
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oldgrumpy
Member of DD Central
Posts: 5,087 
Likes: 3,233
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PBL15
Jun 7, 2015 14:38:04 GMT
Post by oldgrumpy on Jun 7, 2015 14:38:04 GMT
A recent update states:
PBL 15 – Aldermore Bank have offered to take us out of this loan in full, however it will take c 8 – 10 weeks so we have agreed to extend the loan for a further 3 months. Interest will be received to cover our SS costs in the interim.
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PBL15
Jun 7, 2015 18:48:15 GMT
Post by chrisuk on Jun 7, 2015 18:48:15 GMT
From one oldgrumpy to another, thank you.
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PBL15
Jun 15, 2015 3:09:16 GMT
Post by sceptic on Jun 15, 2015 3:09:16 GMT
Recent weekly update states two weeks rather than months. Is it months?
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Post by mattie on Jun 18, 2015 9:19:43 GMT
If I have read the updates properly, and nothing has changed, it looks like we're expecting PBL15 to be repaid in the next few days.
That should release just over £1m onto the platform.
At the moment there is only £350,000 available to invest in.
In the past it seems that new loans being released on the platform coincides with others being repaid.
Is this just a coincidence or is this done purposely?
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Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
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PBL15
Jun 18, 2015 13:59:22 GMT
via mobile
mattie likes this
Post by Liz on Jun 18, 2015 13:59:22 GMT
Probably coincidence.
Plenty of loans in the pipework to take up any slack.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,883
Likes: 11,106
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PBL15
Jun 18, 2015 14:13:25 GMT
Post by ilmoro on Jun 18, 2015 14:13:25 GMT
If I have read the updates properly, and nothing has changed, it looks like we're expecting PBL15 to be repaid in the next few days. That should release just over £1m onto the platform. At the moment there is only £350,000 available to invest in. In the past it seems that new loans being released on the platform coincides with others being repaid. Is this just a coincidence or is this done purposely? The updates need to be considered as loose guidelines. PBL19 drawdown!!!! In that context, there certainly is scope for SS to syncronise events and its not a bad strategy as keeps cash in the platform that might otherwise migrate to opportunities elsewhere and fail to return.
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