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Post by khampson on Jun 1, 2016 8:21:04 GMT
Hi I have over £1,000 invested in the business account for over a week now but still my funds have not been lent out apart from £20 is this normal
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paulgul
Member of DD Central
Posts: 401
Likes: 92
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Post by paulgul on Jun 1, 2016 8:25:56 GMT
I also have some (about 20% of the total) waiting to be invested after a loan repayment was made in mid May - if it stays there much longer I'll probably withdraw it or put it into the green account and see how quick it gets invested
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Post by khampson on Jun 1, 2016 8:29:18 GMT
Yes I'm thinking about doing the same I have also had money invested in the 30-day account that has not been invested yet at the minute I am getting a 0%, very frustrating
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Post by chris on Jun 1, 2016 9:07:01 GMT
The platform has been in a slow patch in terms of drawdowns since the middle of May. There are 30 loans we're trying to draw down within June, even if only half of them draw (something we should easily exceed) that will be more than enough to get the GBBA lending again within the next couple of weeks.
The Green account is currently suffering from the same problem so moving funds between the accounts unfortunately won't help.
If you are willing then leaving the funds in place until the end of June should see them all lent.
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dermot
Member of DD Central
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Post by dermot on Jun 1, 2016 10:19:34 GMT
And I'm happy to be patient for a while longer for good quality loans to go live, rather than rushing stuff out the door to invest in Trump University or similar rubbish ...
D
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mh
Posts: 26
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Post by mh on Jun 1, 2016 22:25:39 GMT
The platform has been in a slow patch in terms of drawdowns since the middle of May. There are 30 loans we're trying to draw down within June, even if only half of them draw (something we should easily exceed) that will be more than enough to get the GBBA lending again within the next couple of weeks. The Green account is currently suffering from the same problem so moving funds between the accounts unfortunately won't help. If you are willing then leaving the funds in place until the end of June should see them all lent. A question for Chris: You say the Green account (GEIA) is in the same situation in terms of lack of loans right now. Do you anticipate any/many GEIA loans being drawn down over the next few weeks?
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