pom
Member of DD Central
Posts: 1,922
Likes: 1,244
|
Post by pom on Jan 6, 2016 14:11:49 GMT
Hmm just totted up my same-borrower loans and I'm a bit heavier in cash shop (easy to forget how many of them there are) than I'd perhaps like so may well sell some tomorrow ahead of the new loans to get it down to a nice round number, and perhaps thin out a couple of other things too.
|
|
paulgul
Member of DD Central
Posts: 401
Likes: 92
|
Post by paulgul on Jan 7, 2016 16:41:35 GMT
2 or 3 months ago I realised that around 70% of my MT portfolio was with Cash Shop loans, that got me a bit worried in case something happened to the company, since then I've not renewed some of the loans and now down to about 40% - I still think this is a bit high so I may not renew all those coming up this month. I have no problems with MP's just not too much to one borrower Why not sell them on SM? People will be happy to buy it from you. Just did sold within 30 seconds or so - Just put the money into the other two new asset based loans
|
|
littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,017
Likes: 1,835
|
Post by littleoldlady on Jan 7, 2016 19:17:34 GMT
I wonder whether MPs are worth the effort from MT's perspective. We only see the initial portfolio not the changes so we are lending on trust really. We might as well create a line of credit secured against the whole business if this would be less work for MT. There does not seem much point in doing somersaults just to make the process look a bit more like p2p. Of course it may be that CS etc have other finance suppliers which would make the idea impossible.
|
|
|
Post by MoneyThing on Jan 7, 2016 21:50:26 GMT
I wonder whether MPs are worth the effort from MT's perspective. We only see the initial portfolio not the changes so we are lending on trust really. We might as well create a line of credit secured against the whole business if this would be less work for MT. There does not seem much point in doing somersaults just to make the process look a bit more like p2p. Of course it may be that CS etc have other finance suppliers which would make the idea impossible. Evening littleoldlady, As MoneyThing we see an updated schedule of assets on a regular basis, however by way of a vote early on with regards to these loans on this forum, investors suggested that seeing an updated schedule at 6 month intervals would be sufficient frequency. In essence, these loans are continuous until such time as either party terminate the facility. Therefore the 6 month loan term is in fact an arbitrary timeframe implemented by us in order to allow investors the opportunity to liquidate their holdings at these intervals. Whilst there is a little more work involved than simply an overall business line of credit, it allows us to more closely monitor the underlying security of the loan(s). From the borrowers perspective, it allows them the flexibility to increase/decrease their borrowing more easily. Kind regards, Ed
|
|
|
Post by pepperpot on Jan 7, 2016 21:52:30 GMT
I wonder whether MPs are worth the effort from MT's perspective. We only see the initial portfolio not the changes so we are lending on trust really. We might as well create a line of credit secured against the whole business if this would be less work for MT. There does not seem much point in doing somersaults just to make the process look a bit more like p2p. Of course it may be that CS etc have other finance suppliers which would make the idea impossible. There was some discussion in Aug '15 about that -link-, I think Ed was happy with the current situation though. edit; ...ahh, speak of the devil...
|
|
Investboy
Member of DD Central
Trying to recover from P2P revolution
Posts: 564
Likes: 201
|
Post by Investboy on Jan 8, 2016 16:04:39 GMT
Whatever the view is they are definitely popular, 5k of recent renewal went in 1 minute.
And wit it the last 11k of 2 Asset Exchange Managed Portfolios
|
|
ben
Posts: 2,020
Likes: 589
|
Post by ben on Jan 8, 2016 20:10:45 GMT
I logged on about a minute late and was surprised still a bit left
|
|
registerme
Member of DD Central
Posts: 6,212
Likes: 6,020
|
Post by registerme on Jan 14, 2016 11:34:04 GMT
Is there any reason lenders can't choose to have managed portfolio loans renew perpetually? (Subject to the borrower actually wanting to renew etc).
|
|
Investboy
Member of DD Central
Trying to recover from P2P revolution
Posts: 564
Likes: 201
|
Post by Investboy on Jan 18, 2016 16:43:40 GMT
I've looked at the latest pending "£100,000 Managed Portfolio - Electronics (CSP323)" and it should be rather called "Mobile Phones"
It gave me some idea but I'll create a new thread about it
|
|