ablender
Member of DD Central
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Post by ablender on Dec 9, 2016 14:52:27 GMT
There has been a large increase of availability of certain loans on the 'SM'. Someone must have dumped their holdings. We are not talking about £1000 but 10s of thousands at least.
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Post by lionelrichtea on Dec 9, 2016 15:17:31 GMT
With only 8 loan parts left, and 6 already sold this month, I was hoping to get out before Christmas. Fat chance of that now!
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pom
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Post by pom on Dec 9, 2016 16:42:05 GMT
With only 8 loan parts left, and 6 already sold this month, I was hoping to get out before Christmas. Fat chance of that now! Which Christmas? 
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ablender
Member of DD Central
Posts: 2,204
Likes: 555
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Post by ablender on Dec 9, 2016 22:28:24 GMT
With only 8 loan parts left, and 6 already sold this month, I was hoping to get out before Christmas. Fat chance of that now! Which Christmas? I was hoping for the 2015.
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pom
Member of DD Central
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Post by pom on Dec 10, 2016 9:07:14 GMT
Which Christmas? I was hoping for the 2015. Aww such optimism, how sweet 
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mj87
Posts: 24
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Post by mj87 on Dec 16, 2016 11:26:36 GMT
I dislike the large amounts dumped by LC friends. They seem to knock out the smaller lenders and don't allow you to diversify given the risk that you are taking.
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TheDriver
Member of DD Central
Slightly bonkers
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Post by TheDriver on Feb 1, 2017 9:26:53 GMT
The recently-activated Scottish furniture co. loan certainly has some questionable activity:
With a couple of days to go in the auction the Bank placed nearly 45% of the request, bringing the total LRBH contribution to nearly 80%, and more to the point leaving barely £6k for everyone else - obviously nothing like enough for new lenders wanting to diversify!
Now, within a couple of weeks the majority of that loan is offered on the SM at a rate below the averaged return - 2 incontrovertible indicators of who is making the listings, which under LC's standard T&Cs would mean a loss after commission on any sales. Given previous protestations of independence, I think lendingcrowd have some explaining to do to about their relationship with these investors.
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