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AE497
Jul 22, 2016 13:09:45 GMT
Post by ladywhitenap on Jul 22, 2016 13:09:45 GMT
Is this a completely new loan or is it rolling up any of the existing AE loans in the process?
TIA
LW
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archie
Posts: 1,838 
Likes: 1,842
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AE497
Jul 22, 2016 13:49:07 GMT
Post by archie on Jul 22, 2016 13:49:07 GMT
Is this a completely new loan or is it rolling up any of the existing AE loans in the process? TIA LW New
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AE497
Jul 22, 2016 13:57:36 GMT
Post by ladywhitenap on Jul 22, 2016 13:57:36 GMT
Thanks Archie
LW
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AE497
Jul 26, 2016 8:46:06 GMT
Post by wickedxuk on Jul 26, 2016 8:46:06 GMT
I'm new to MoneyThing and have invested in some of the loans, I'm liking the platform so far and would like to diversify onto MT more. I am finding that there isn't as much information on the loans as other platforms but this could be because there isn't anything more.
With this one however, I don't fully understand what this investment actually is. Can someone simplify what they are doing with the money and why? What is the exit strategy? I appreciate this may be a stupid question (maybe it's the whiskey from last night) but I can't get my head around it...! Thanks!
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archie
Posts: 1,838
Likes: 1,842
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AE497
Jul 26, 2016 9:50:01 GMT
Post by archie on Jul 26, 2016 9:50:01 GMT
I'm new to MoneyThing and have invested in some of the loans, I'm liking the platform so far and would like to diversify onto MT more. I am finding that there isn't as much information on the loans as other platforms but this could be because there isn't anything more. With this one however, I don't fully understand what this investment actually is. Can someone simplify what they are doing with the money and why? What is the exit strategy? I appreciate this may be a stupid question (maybe it's the whiskey from last night) but I can't get my head around it...! Thanks! There are a lot of these Group Asset type loans on MT. They are pretty popular, I would expect this one to be taken up fairly quickly once the bid restriction is lifted. This one consists of HP agreements over vehicles but any defaults are replaced with similar value agreements so relatively safe. This company specialise in offering car finance. Basically they are using the money so they can lend to more people and expand their business. That's my understanding anyway 
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AE497
Jul 26, 2016 9:59:45 GMT
Post by wickedxuk on Jul 26, 2016 9:59:45 GMT
I'm new to MoneyThing and have invested in some of the loans, I'm liking the platform so far and would like to diversify onto MT more. I am finding that there isn't as much information on the loans as other platforms but this could be because there isn't anything more. With this one however, I don't fully understand what this investment actually is. Can someone simplify what they are doing with the money and why? What is the exit strategy? I appreciate this may be a stupid question (maybe it's the whiskey from last night) but I can't get my head around it...! Thanks! There are a lot of these Group Asset type loans on MT. They are pretty popular, I would expect this one to be taken up fairly quickly once the bid restriction is lifted. This one consists of HP agreements over vehicles but any defaults are replaced with similar value agreements so relatively safe. This company specialise in offering car finance. Basically they are using the money so they can lend to more people and expand their business. That's my understanding anyway Thanks archie I'll maybe have a dabble before it gets liberated later...
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AE497
Jul 26, 2016 10:10:36 GMT
Post by MoneyThing on Jul 26, 2016 10:10:36 GMT
I'm new to MoneyThing and have invested in some of the loans, I'm liking the platform so far and would like to diversify onto MT more. I am finding that there isn't as much information on the loans as other platforms but this could be because there isn't anything more. With this one however, I don't fully understand what this investment actually is. Can someone simplify what they are doing with the money and why? What is the exit strategy? I appreciate this may be a stupid question (maybe it's the whiskey from last night) but I can't get my head around it...! Thanks! Morning wickedxuk. You might wish to have a look at our 'Spring' newsletter (under our News section on the website), which gives a bit more information about the borrower. Kind regards, Ed.
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archie
Posts: 1,838
Likes: 1,842
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AE497
Jul 26, 2016 11:25:10 GMT
Post by archie on Jul 26, 2016 11:25:10 GMT
I'm new to MoneyThing and have invested in some of the loans, I'm liking the platform so far and would like to diversify onto MT more. I am finding that there isn't as much information on the loans as other platforms but this could be because there isn't anything more. With this one however, I don't fully understand what this investment actually is. Can someone simplify what they are doing with the money and why? What is the exit strategy? I appreciate this may be a stupid question (maybe it's the whiskey from last night) but I can't get my head around it...! Thanks! Morning wickedxuk. You might wish to have a look at our 'Spring' newsletter (under our News section on the website), which gives a bit more information about the borrower. Kind regards, Ed. I hadn't seen that, very interesting 
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AE497
Jul 26, 2016 12:12:13 GMT
Post by wickedxuk on Jul 26, 2016 12:12:13 GMT
Thanks Ed, that was really helpful and exactly what I needed! My confidence in MT is definitely growing, looking forward to investigating the two new loans that are coming up too! FI to others the Spring Newsletter interview with AE is in the archive section here. |
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shuff27
Member of DD Central
Posts: 90
Likes: 100
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AE497
Jul 26, 2016 14:39:37 GMT
Post by shuff27 on Jul 26, 2016 14:39:37 GMT
I do like these AE loans because they are simple to understand & offer an alternative to property. But now I have parts of several AE loans I'm wondering if there's a potential increased risk of too many loans with a single borrower. Anyone else thinking along those lines?
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
Posts: 355
Likes: 209
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Post by Neil_P2PBlog on Jul 26, 2016 15:11:58 GMT
I'm new to MoneyThing and have invested in some of the loans, I'm liking the platform so far and would like to diversify onto MT more. I am finding that there isn't as much information on the loans as other platforms but this could be because there isn't anything more. With this one however, I don't fully understand what this investment actually is. Can someone simplify what they are doing with the money and why? What is the exit strategy? I appreciate this may be a stupid question (maybe it's the whiskey from last night) but I can't get my head around it...! Thanks! Morning wickedxuk. You might wish to have a look at our 'Spring' newsletter (under our News section on the website), which gives a bit more information about the borrower. Kind regards, Ed. Where is the news section on the website? I just see Home, Loans,..., FAQ, Contact
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SteveT
Member of DD Central
Posts: 6,873
Likes: 7,918
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AE497
Jul 26, 2016 15:14:22 GMT
Post by SteveT on Jul 26, 2016 15:14:22 GMT
Where is the news section on the website? I just see Home, Loans,..., FAQ, Contact Top of the main homepage (click on the MoneyThing.com logo top-left if you're logged in)
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
Posts: 355
Likes: 209
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AE497
Jul 26, 2016 15:28:44 GMT
Post by Neil_P2PBlog on Jul 26, 2016 15:28:44 GMT
Where is the news section on the website? I just see Home, Loans,..., FAQ, Contact Top of the main homepage (click on the MoneyThing.com logo top-left if you're logged in) Cheers!
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AE497
Jul 26, 2016 22:49:17 GMT
Post by ladywhitenap on Jul 26, 2016 22:49:17 GMT
I do like these AE loans because they are simple to understand & offer an alternative to property. But now I have parts of several AE loans I'm wondering if there's a potential increased risk of too many loans with a single borrower. Anyone else thinking along those lines? Yes I agree. I feel it is wise to have diversity across loan types, borrowers and even platforms. Also I restrict the % of my total portfolio that I put into P2P schemes - in my case 10% although this might change upwards a little in time as I move away from lending to small businesses and more into asset backed lending. LW
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james
Posts: 2,205
Likes: 955
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AE497
Jul 27, 2016 9:20:39 GMT
Post by james on Jul 27, 2016 9:20:39 GMT
I do like these AE loans because they are simple to understand & offer an alternative to property. But now I have parts of several AE loans I'm wondering if there's a potential increased risk of too many loans with a single borrower. Anyone else thinking along those lines? Of course. I like those loans but there's still a limit to how much I'd put into all loans involving that borrower, just as naturally they them selves will limit how much they lend to any of their customers. As a result of requests from lenders MoneyThing now makes it a fair bit easier than it might have been to see which loans are connected and manage the per-borrower exposure. One thing you can do to manage risk is seek to diversify the amount invested over as many loans as possible offered by this particular borrower so that you have the broadest base of security for the money. While the total security might be the same for say £10k over one or ten or twenty loans there are a lot more vehicles/HP income streams involved in the ten or twenty case.
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