pom
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Post by pom on Feb 9, 2016 13:03:11 GMT
ablrate ablrateandyJust got the email saying the other one's been paid back - thought this was supposed to be being moved over for us...anyway as I have other things to do this afternoon I've re-invested mine already
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Post by ablrate on Feb 9, 2016 13:04:32 GMT
ablrate . How much are P****** paying for the plane? Original loan says 3m, new loan says 2.4m. Hi Ilmoro They did some good negotiation and got it agreed at 2.4mn
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gt94sss2
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Post by gt94sss2 on Feb 9, 2016 13:08:27 GMT
I've committed some more into this one... already hold a good piece of the original and it seems like a solid proposal so happy to increase my holding here. Great news that the original is being boosted to 13% also! ablrate ablrateandyDitto - just two minor questions: 1. Ablrate's email of 7 Feb stated that "I will be sending a message to those involved in the existing 532 loan on the practicalities of moving over to the new loan at the enhanced rate and we will close the secondary market" I was just wondering if that email ever went out? I've just received a e-mail saying a "final [interest] payment into your account from the Six month loan to finance a purchase and onward sale of an ATR loan" has been received but just wondering if I should have received another one explaining the transition process between the two loans ? Edit: Ref pom above: the emails suggested moving between the twoloans would be an automatic process is this not the case? 2. On the other upcoming loans - the engines and containers - can you tell us what the interest rates for these are likely to be?
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Post by ablrate on Feb 9, 2016 13:13:49 GMT
Hi
Sorry, our developers pressed the button before the mail went out, Andy just doing now. We are manually moving people over to the new loan (the first ones are those who emailed and said go ahead). If you would like to do the bid yourself, go ahead.
Regards Ablrate
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Investboy
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Trying to recover from P2P revolution
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Post by Investboy on Feb 9, 2016 14:05:00 GMT
I can see my repaid capital and latest interest have been rolled into new loan. On top of that I also invested a bit. There's been such a drought in loans on ABL that I'm jumping on that opportunity. "Greed is good" I'm heavily under-invested on this platform compared to the other popular ones. I like ablrate quite a bit due to its non-standard borrowers that give some diversification to the usual stuff.
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johnfleet
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Post by johnfleet on Feb 9, 2016 16:19:59 GMT
yep, invested a significant chunk (for me) - what's not to like at 13 per cent! - beats trying to outdo the 'bots on SS!
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stevio
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Post by stevio on Feb 9, 2016 19:23:54 GMT
ablrateandy ablrate Whats the estimate on the rest of the pipeline? Just wondering whether to stuff a load into this one or just a bit and wait for the others? Any ideas on whether the others will have restrictions on amount can invest? Thanking yow I second stevio here. Also transferred some funds and put a chunk in the MSN 532. But wondering should I leave the rest of the money waiting if the loans will get released soon or pile everything into this one and then sell parts via SM for next loans. ablrateandy any scope move part of existing bids to new loans? ie 1k bid current loan, new loan comes up, move £500 of bid current loan to new loan As you aren't able confirm exact details new loans, allows us flexibility whilst still committing funds to ablarate. Alternative is keep funds in reserve, but risk to you is that other platforms might offer more attractive deals between your loan launches and reserves end up elsewhere.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Feb 9, 2016 22:37:45 GMT
ablrate . How much are P****** paying for the plane? Original loan says 3m, new loan says 2.4m. Hi Ilmoro They did some good negotiation and got it agreed at 2.4mn Crikey, you can say that again, 20% reduction. If they are as good with the buyers than thats double your money. no wonder they are happy to pay 13% If theyre not busy, I can think of a few people who could currently do with some tips on negotiating
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Post by ablrateandy on Feb 9, 2016 22:49:24 GMT
It's when we turn around and haggle you to 10pc you should get worried ilmoro
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stevio
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Post by stevio on Feb 10, 2016 18:27:51 GMT
I second stevio here. Also transferred some funds and put a chunk in the MSN 532. But wondering should I leave the rest of the money waiting if the loans will get released soon or pile everything into this one and then sell parts via SM for next loans. ablrateandy any scope move part of existing bids to new loans? ie 1k bid current loan, new loan comes up, move £500 of bid current loan to new loan As you aren't able confirm exact details new loans, allows us flexibility whilst still committing funds to ablarate. Alternative is keep funds in reserve, but risk to you is that other platforms might offer more attractive deals between your loan launches and reserves end up elsewhere. ablrateandy ablrateAppreciate an response, thanks
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Post by ablrateandy on Feb 10, 2016 18:34:48 GMT
Hello! Sorry. I replied to this mentally but forgot to engage my fingers.
In short - no. The reason is that each loan is a commitment to the borrower rather than to the platform. Therefore if we allow people in and out it could potentially lead to a loan that was filled suddenly becoming not filled. If a loan was over-subscribed then we could assist people on a case-by-case basis. Not the answer you want, I know, but unfortunately I can't see how we can change that.
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stevio
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Post by stevio on Feb 10, 2016 22:14:46 GMT
Hello! Sorry. I replied to this mentally but forgot to engage my fingers. In short - no. The reason is that each loan is a commitment to the borrower rather than to the platform. Therefore if we allow people in and out it could potentially lead to a loan that was filled suddenly becoming not filled. If a loan was over-subscribed then we could assist people on a case-by-case basis. Not the answer you want, I know, but unfortunately I can't see how we can change that. ablrateandy You might want to consider increasing your notice and updates then if you don't want people to have spent their money before your other loans launch - there is a huge SS loan this wkd, FS continues to churn out numerous loans, a few large ones, MT have several smaller loans and a large loan in the wings - competition is high at the moment and not knowing more definitively what you have in the wings, I would guess most would go with what they know is confirmed
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Post by ablrateandy on Feb 10, 2016 22:50:54 GMT
We do our utmost to notify and post as soon as we have confirmation of loans. As soon as anything is remotely firm we send a mail.
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jonah
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Post by jonah on Feb 12, 2016 19:52:06 GMT
Worth checking your emails... A bottling loan is incoming...!
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jonah
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Post by jonah on Feb 13, 2016 12:36:23 GMT
ablrateandy Will the bottles loan be a fastest fingers first or are you doing some form of prefunding? Given that it is amortising, will this be 'paused' on the SM ?
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