stokeloans
Member of DD Central
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Post by stokeloans on Oct 29, 2016 14:21:43 GMT
As a potential new investor the lack of activity on this page has me a little concerned.
Is eMoney a dead duck ?
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n
Member of DD Central
Yet another Nick
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Post by n on Oct 29, 2016 17:02:17 GMT
As a potential new investor the lack of activity on this page has me a little concerned. Is eMoney a dead duck ? Not at all. It's just that getting invested can take a long time. Just deposit the amount you want to bid per loan, set your autobid options and sit back. It is extremely rare that there is more than 1 bid in a day so check daily and top up as necessary. Sometimes it can be a week or so between new loans. There is a secondary market so you might be able to pick up bits there but I have never used it so can't comment further. If you are looking to invest more than a few K quickly then probably not suitable.
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ben
Posts: 2,020
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Post by ben on Oct 31, 2016 12:00:37 GMT
This is a slow burner I have only invested about £5K in this over the year, so not as easy as the other sites but i only need to check it once a week or so and add a bit of money. But at the moment no defaults and most of the loans pay interest and capital back which I personally prefer. Also avering 9.6%.
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stokeloans
Member of DD Central
Posts: 400
Likes: 484
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Post by stokeloans on Nov 1, 2016 11:33:22 GMT
Can someone explain the different risk grades please.
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ben
Posts: 2,020
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Post by ben on Nov 1, 2016 14:04:11 GMT
Can someone explain the different risk grades please. if you look under lend yield and risk rates it states what rate you get for each different type of loan.
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stokeloans
Member of DD Central
Posts: 400
Likes: 484
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Post by stokeloans on Nov 1, 2016 15:18:49 GMT
It's the risk grades I don't understand. Is A1 the lowest risk ? I've read through the info on the site now so have a better understanding....although I don't think I'll be investing much given you have no idea who you're lending to  |
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