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Post by chris on Apr 27, 2017 15:01:48 GMT
We're as big as RS were in 2014 and nearly six times the size of Landbay No you really are not ... although I am sure there is some obscure metric you have found to back that up spurious claim They had lent £150m total heading into 2014 and finished the year on £440m. We've lent £240m which is squarely in that range and our sales targets for the year will see us close it out somewhere in the £400-500m bracket if achieved, and that all makes us as big as RS were in 2014.
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alender
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Post by alender on Apr 27, 2017 16:11:53 GMT
Given the recent goings on with the PF and defaulted loans I personally think Assetz and Landbay are safer than RS but if you check the 4thway risk scores RS are 4, Assetz are 5 and Landbay are 2, the lower the score the less the risk. Does anyone know of other sites that rate P2P risk? This is a risk rating given as a personal opinion by one individual, you really should do your own risk analysis... Please can you tell me what evidence you have that 4thway's risk ratings are just one persons opinions. If so I would be very interested in this evidence I have used this site to help make P2P lending decisions, so far I cannot fault the information given on this site and it concurs with other sources that I use. An extract from the website What are the 4thWay PLUS Ratings and 4thWay Risk Scores?
The 4thWay PLUS Ratings are calculated to tell you whether you could expect to lose money during a very severe recession, and how long you might expect to take to recover from those losses, after accounting for the interest you’ve earned and any protections offered by the online lending platforms, such as reserve funds set aside to pay expected bad debts.
The 4thWay PLUS Ratings were created by a senior credit specialist partner at one of the major accountancy firms, a senior quantitative risk modeller (i.e. someone who helps banks improve their lending) and experienced investors.
The 4thWay® Risk Scores look solely at the risk side, i.e. at the scale of potential losses in a very severe recession, but unlike the PLUS Ratings they don’t factor in the interest you might earn.
Both the ratings and the risk scores assume that you spread your money across lots of loans, using multiple peer-to-peer lending platforms to do so if necessary. The 4thWay PLUS Ratings are indicators, not guarantees or promises, so please don’t use them without supplementary research.
There is a lot more information on ratings which can be found on www.4thway.co.uk/about-the-4thway-risk-ratings/
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Post by nesako on Apr 27, 2017 21:20:32 GMT
This is a risk rating given as a personal opinion by one individual, you really should do your own risk analysis... Please can you tell me what evidence you have that 4thway's risk ratings are just one persons opinions. If so I would be very interested in this evidence I have used this site to help make P2P lending decisions, so far I cannot fault the information given on this site and it concurs with other sources that I use. An extract from the website What are the 4thWay PLUS Ratings and 4thWay Risk Scores?
The 4thWay PLUS Ratings are calculated to tell you whether you could expect to lose money during a very severe recession, and how long you might expect to take to recover from those losses, after accounting for the interest you’ve earned and any protections offered by the online lending platforms, such as reserve funds set aside to pay expected bad debts.
The 4thWay PLUS Ratings were created by a senior credit specialist partner at one of the major accountancy firms, a senior quantitative risk modeller (i.e. someone who helps banks improve their lending) and experienced investors.
The 4thWay® Risk Scores look solely at the risk side, i.e. at the scale of potential losses in a very severe recession, but unlike the PLUS Ratings they don’t factor in the interest you might earn.
Both the ratings and the risk scores assume that you spread your money across lots of loans, using multiple peer-to-peer lending platforms to do so if necessary. The 4thWay PLUS Ratings are indicators, not guarantees or promises, so please don’t use them without supplementary research.
There is a lot more information on ratings which can be found on www.4thway.co.uk/about-the-4thway-risk-ratings/OK, I will be corrected that these ratings are a collation of multiple peoples personal opinions as opposed to single persons, but it does not change the fact that this is information is for guidance only and you still have to do your own research. This is all from their website as well, stating just that: The information in the 4thWay® website is journalism that is for information purposes only and opinions are just that; they are not personalised recommendations so please do your own further research. 4thWay® makes no representation or warranty as to the completeness or accuracy of the information contained in the website. The information on the 4thWay® website may be withdrawn or changed at any time without notice. The information on the 4thWay® website should not be deemed to constitute investment advice and should not be relied on as the basis for a decision to enter into a transaction. Lenders/investors should consult their own advisers before entering into any P2P lending transaction. 4thWay® accepts no liability for any losses or consequential loss incurred by lenders/investors acting upon any information on the website.
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dandy
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Post by dandy on Apr 28, 2017 8:53:55 GMT
No you really are not ... although I am sure there is some obscure metric you have found to back that up spurious claim They had lent £150m total heading into 2014 and finished the year on £440m. We've lent £240m which is squarely in that range and our sales targets for the year will see us close it out somewhere in the £400-500m bracket if achieved, and that all makes us as big as RS were in 2014. that's an average of ~ £25m a month for RS in 2014. didn't know AC were currently averaging that. congrats I guess
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jo
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Post by jo on Apr 28, 2017 14:50:15 GMT
If I were RateSetter, I'd think twice about letting Rolling fall below 3%. Conspiracy theories aside, presumably the whole point of Ratesetter is that the rate floats according to demand - ie if there are too many lenders and the rate drops, the lenders go elsewhere until the rate rises again? Its either that or rationing zopa-style J Agreed. I've moved c20% of my RS portfolio elsewhere this month.
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mary
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Post by mary on Apr 28, 2017 16:59:49 GMT
Conspiracy theories aside, presumably the whole point of Ratesetter is that the rate floats according to demand - ie if there are too many lenders and the rate drops, the lenders go elsewhere until the rate rises again? Its either that or rationing zopa-style J Agreed. I've moved c20% of my RS portfolio elsewhere this month. At 6pm on a Friday there is £15m across the market waiting to match with less then £200k of demand showing. Small wonder rates are down, I've similarly reduced by 20% this month in favour of other platforms.
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09dolphin
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Post by 09dolphin on May 8, 2017 21:52:36 GMT
Latest loan created at 2.2%. I really don't understand why lenders are prepared to accept such low rates when you can get 3% with some banks and you are totally assured that your money is secure. Yes I know there haven't been loans that haven't repaid but the possibility exists. Are lenders desperate to lend?
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Post by funtimedave on May 10, 2017 22:11:35 GMT
Totally agree that getting 2.2% with the associated risks seems strange behavior.
I presume some of these lenders might be drawn in by the £100 bonus for keeping a £1,000 your cash there for twelve months?
Or may are over extended in other areas
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Post by captainconfident on May 11, 2017 15:05:26 GMT
Welcome to the forum, funtimedave.
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Post by ogwellian on May 11, 2017 15:18:37 GMT
The rates may be low, but we usually get our target of 3.1% (our Santander was maxed out at 20k at 3% until the cut). Can't be doing with opening several current accounts (our Santander is a fee free staff account).
We like RateSetter and Assetz Capital to keep large chunks of instant/30 day notice capital in.
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ashtondav
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Post by ashtondav on May 11, 2017 15:35:06 GMT
The risk free rate is realistically 1.5% for any decent sum. 3% is the lowest I would go, but others might say that a 100% premium to the risk free rate given that there is a PF is being plain greedy. Yep, I'm greedy🍔
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scc
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Post by scc on May 12, 2017 5:25:52 GMT
I only do the rolling now - but set a rate of 3+%. I tend to use ratesetter to hold cash that might otherwise sit in my current account waiting for me to work out what to do with it. It's a temporary holding pool.
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mary
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Post by mary on May 12, 2017 10:12:13 GMT
I only do the rolling now - but set a rate of 3+%. I tend to use ratesetter to hold cash that might otherwise sit in my current account waiting for me to work out what to do with it. It's a temporary holding pool.
Still at 2.2% for Rolling, you may be waiting sometime. There is now £20m on offer, with £100k of demand. When my loans repay I'm redeploying elsewhere.
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scc
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Post by scc on May 12, 2017 13:41:42 GMT
Everything's at 3+% at the moment. But yes, I did have a few days waiting earlier in the month.
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Post by richarda on May 12, 2017 14:24:28 GMT
There's something odd going on with Rolling, today (11/5). The borrowing requirement is being drip fed at a low (the lowest?) rate and is only slowly creeping up - from 1.9% at breakfast to about 2.8% now (3pm). So, we have no clue how much will appear on this market and can't place money at an appropriate rate to get a good match. Today I'm in at 3.0% and 3.1% but the queue has remained pretty static so far.
Is this a change of tactics by RS to get a cheaper Rolling rate or is there simply no borrowing requirement today?
R.
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