adrianc
Member of DD Central
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Post by adrianc on Nov 23, 2016 9:56:01 GMT
Has anybody sold any of this? Any idea why it's not shifting?
It's not a particularly scary-looking loan, the repayments are all green, there's only £6k available, it's not a toxic band (B+) and there's some decent rates available (the parts I'm trying to shift are 12.9-12.95%) - checking availability for the amount I'm listing shows a blended 10.6%.
So how come it seems to be the totally unloved, unsellable loan?
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Post by Butch Cassidy on Nov 23, 2016 10:21:06 GMT
Has anybody sold any of this? Any idea why it's not shifting? It's not a particularly scary-looking loan, the repayments are all green, there's only £6k available, it's not a toxic band (B+) and there's some decent rates available (the parts I'm trying to shift are 12.9-12.95%) - checking availability for the amount I'm listing shows a blended 10.6%. So how come it seems to be the totally unloved, unsellable loan? Easy the absolutely awful design of LC SM; I already have initial parts @ 12.95% & wouldn't mind a few more, even for a Hotel on a remote Scottish Island, as it seems fairly solid. However taking them @ 10.6% is not an attractive option either when compared against other LC loans & especially against the risk/reward balance offered by competitor platforms. Yes it is possible to improve the rate by guessing different amounts but quite frankly life is just too short!
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Post by lionelrichtea on Nov 23, 2016 12:47:21 GMT
My part sold just under an hour ago. Luck of the draw. Seventeen more to go and I'm free!
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ablender
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Post by ablender on Nov 23, 2016 13:08:39 GMT
I sold a small part in October. Since then, another two parts are as stuck as the rocks in Stone Henge.
I have problem shifting other loans:
Cl*** Est*** A*** Ltd
GH E*** C**** Ltd
St*x***** Ltd
Sy** Ltd
and a Particular bird Hotel.
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adrianc
Member of DD Central
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Post by adrianc on Nov 23, 2016 13:21:20 GMT
I sold a small part in October. Since then, another two parts are as stuck as the rocks in Stone Henge. I have problem shifting other loans: Cl*** Est*** A*** Ltd GH E*** C**** Ltd St*x***** Ltd Sy** Ltd and a Particular bird Hotel. I'm down to five loans now... GH - £20 in one part, nothing sold. E******s - same. P***n - £40, one part, nothing sold. S**n - £40, two parts, one part has sold. and £50 of this one. Plus, of course, our friends L****a and A****o - and, on a happier note, six remainders of shrapnel waiting for the next payment to clear. I didn't get involved in your other stickies. BTW, lionelrichtea, did I mention I hate you...?
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ablender
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Post by ablender on Nov 23, 2016 13:29:59 GMT
I sold a small part in October. Since then, another two parts are as stuck as the rocks in Stone Henge. I have problem shifting other loans: Cl*** Est*** A*** Ltd GH E*** C**** Ltd St*x***** Ltd Sy** Ltd and a Particular bird Hotel. I'm down to five loans now... GH - £20 in one part, nothing sold. E******s - same. P***n - £40, one part, nothing sold. S**n - £40, two parts, one part has sold. and £50 of this one. Plus, of course, our friends L****a and A****o - and, on a happier note, six remainders of shrapnel waiting for the next payment to clear. I didn't get involved in your other stickies. BTW, lionelrichtea , did I mention I hate you...? I do have small parts in L*****a and A****o. I do not even count them. Apart from these two I have 18 parts in 15 loans still waiting to sell. It is getting close to 2 months now. I do not think that the loans I hold are bad ones. If it was not for the platform, I would hold them longer.
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adrianc
Member of DD Central
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Post by adrianc on Nov 23, 2016 13:31:05 GMT
I'm down to five loans now... GH - £20 in one part, nothing sold. E******s - same. P***n - £40, one part, nothing sold. S**n - £40, two parts, one part has sold. and £50 of this one. Plus, of course, our friends L****a and A****o - and, on a happier note, six remainders of shrapnel waiting for the next payment to clear. I didn't get involved in your other stickies. BTW, lionelrichtea , did I mention I hate you...? I do have small parts in L*****a and A****o. I do not even count them. Apart from these two I have 18 parts in 15 loans still waiting to sell. It is getting close to 2 months now. I'd like not to count them, but they're more than £150...
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TheDriver
Member of DD Central
Slightly bonkers
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Post by TheDriver on Nov 25, 2016 7:16:47 GMT
It's apparent that BECAUSE of the platform you may well have to get used to that idea!
Presuming people would be willing to take a slight hit in order to sell, applying a discount could be used to prioritise sales; enhancing interest rates for buyers wouldn't really be appropriate for the LE, but LC could make it to their and the sellers mutual advantage - but I guess they know better.
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ablender
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Post by ablender on Nov 25, 2016 20:03:18 GMT
I do have small parts in L*****a and A****o. I do not even count them. Apart from these two I have 18 parts in 15 loans still waiting to sell. It is getting close to 2 months now. I'd like not to count them, but they're more than £150... I do not count them because I do not trust that I will see them.
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annie
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Post by annie on Nov 27, 2016 11:22:35 GMT
Has anybody sold any of this? Any idea why it's not shifting? It's not a particularly scary-looking loan, the repayments are all green, there's only £6k available, it's not a toxic band (B+) and there's some decent rates available (the parts I'm trying to shift are 12.9-12.95%) - checking availability for the amount I'm listing shows a blended 10.6%. So how come it seems to be the totally unloved, unsellable loan? I'm currently churning to get higher rates but would be happy to buy if I could see the rates you're trying to sell. Best I can see blended just now is 10.73% and that takes time to play with loan amounts. Shame there doesn't seem to be a way to see your loan parts directly or I'd have bought them. I hesitate to say I don't have any problems with this loan but basically I don't, payments on time and seems a popular hotel so why would that change?
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ablender
Member of DD Central
Posts: 2,204
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Post by ablender on Nov 27, 2016 16:53:12 GMT
Has anybody sold any of this? Any idea why it's not shifting? It's not a particularly scary-looking loan, the repayments are all green, there's only £6k available, it's not a toxic band (B+) and there's some decent rates available (the parts I'm trying to shift are 12.9-12.95%) - checking availability for the amount I'm listing shows a blended 10.6%. So how come it seems to be the totally unloved, unsellable loan? I'm currently churning to get higher rates but would be happy to buy if I could see the rates you're trying to sell. Best I can see blended just now is 10.73% and that takes time to play with loan amounts. Shame there doesn't seem to be a way to see your loan parts directly or I'd have bought them. I hesitate to say I don't have any problems with this loan but basically I don't, payments on time and seems a popular hotel so why would that change? If you could see my loan parts they are currently giving me 12.95% and 12.8%. You will need to explore various values to get the best rate. Even £1 difference can make a significant change in rate. If I had to buy in this loan, these are the rates I am getting at the moment: £20 10.00% £21 11.45% £22 11.45% £23 11.45% £24 11.47% £25 10.58% £26 10.61% £27 10.59% £28 10.57% £29 10.75% £30 10.76% £31 10.72% £32 10.57% £33 10.57% £34 10.60% £35 10.57% £36 10.61% £37 10.65% £38 10.68% £39 10.58% £40 10.57% £41 10.62% £42 10.58% £43 10.59% £44 10.57% £45 10.57% (I will keep updating this up to around £45)This should be enough to show the variations one can get. It would be nice if someone had to repeat the above to see if you get similar or identical results. Please do post anything that can help us understand the murky SM of this platform.
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