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Post by pepperpot on Oct 12, 2016 20:02:20 GMT
Better than having money sitting in his SS account doing nothing. There's a fair chance he'd be better off having money sitting in his SS account doing nothing.
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ablender
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Post by ablender on Oct 12, 2016 22:14:08 GMT
Better than having money sitting in his SS account doing nothing. The way I see it, if it was my money, I would prefer having my money sitting doing nothing than risking loosing it. There is no guarantee that all the capital will be paid let alone an interest on it.
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Post by moonshine on Oct 12, 2016 23:59:29 GMT
I actually think that this new default tab might have been a result of our recent investor(s) who put 2 x 19k into the loan and then perhaps realised afterwards and maybe complained. SS might have thought it would look better (particularly to the FCA) if they were directing people responsibly towards loans. Of course, that might be coincidence, but it does seem to have appeared only days later. It's a good thing to have a default tab, although it will make defaulted loans much harder to sell now.
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ablender
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Post by ablender on Oct 13, 2016 6:49:14 GMT
I actually think that this new default tab might have been a result of our recent investor(s) who put 2 x 19k into the loan and then perhaps realised afterwards and maybe complained. SS might have thought it would look better (particularly to the FCA) if they were directing people responsibly towards loans. Of course, that might be coincidence, but it does seem to have appeared only days later. It's a good thing to have a default tab, although it will make defaulted loans much harder to sell now. Agreed . . harder to sell, but keep in mind that other platforms take loans off the SM even if they are late on a single payment, let alone being defaulted.
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Post by GSV3MIaC on Oct 13, 2016 8:30:00 GMT
And some let you sell anything, albeit at a steep discount. Well 'offer', I guess .. 'sell' requires a willing buyer.
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ablender
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Post by ablender on Oct 13, 2016 9:57:45 GMT
And some let you sell anything, albeit at a steep discount. Well 'offer', I guess .. 'sell' requires a willing buyer. Anything? which platform? At ReBS I am trying to sell a loan part at -5% from a loan which is habitually late but not defaulted. I cannot get rid of it. Another loan part from a defaulted loan is off the market.
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ablender
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Post by ablender on Oct 13, 2016 10:19:27 GMT
It's all a PR trick to fool the lending masses. Log on, all loans fully sold, nothing on the SM, therefore must be a highly successful platform with no risks to my money as everybody wants to keep their loans. I must get my money lent here. I am becoming more and more disillusioned with savingstream each day with their ongoing spin and stories that JK Rowling would be proud of.  Don't you think that such a lender would better learn how to do due diligence before starting investing?
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nick
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Post by nick on Oct 13, 2016 11:22:34 GMT
Has the auto-update of the available loans page returned? Or has it always been there but only kicks in when the All Loans Are Fully Funded message is present? I believe the auto-update of the available loans page has always been there but it only updates on the first page change and not subsequently so isn't particularly useful.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Oct 13, 2016 15:44:35 GMT
Has the auto-update of the available loans page returned? Or has it always been there but only kicks in when the All Loans Are Fully Funded message is present? I believe the auto-update of the available loans page has always been there but it only updates on the first page change and not subsequently so isn't particularly useful. That is correct; the auto update is a strange creature; it only works when there are no loans available, and once one appears your have to reload manually until the "ALL LOANS ARE FULLY FUNDED" appears.
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pom
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Post by pom on Oct 15, 2016 9:20:59 GMT
Interestingly even tho it's now hidden away, people are still investing in it! But at least now there is less excuse for not realising it's different....unless it's because it's being offered as an alternative when you withdraw, in which case being on a separate tab will be less useful.
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