greatmarko
Member of DD Central
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Post by greatmarko on Feb 10, 2017 20:00:06 GMT
I have Auto-Lend setup with the "Invest my funds only in loans protected by the Provision Trust" option selected, as according to Unbolted:
"if you wish to invest only in loans other than those against gold or silver (with an interest rate of 0.85% per month), then choose the 'Invest my funds only in loans protected by the Provision Trust' option."
I'm quite surprised therefore to see that auto-lend has just executed and invested in a loan with a rate of 0.75% per month!!
Furthermore, clicking on the loan in question (2DFDC2DE7) takes you to a generic T&C page, rather than details of the loan
UPDATE: Just received an email from Unbolted, stating:
I still think it's a bit cheeky of Unbolted to execute auto-lend on this without lender consent!
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ben
Posts: 2,020
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Post by ben on Feb 10, 2017 20:05:46 GMT
If you do not want it like it says you cancel it. Makes it fairer on everyone as last few loans like that have been taken by a few people pretty quickly, I never got very much of this one so if you want to sell to it im happy to take it
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greatmarko
Member of DD Central
Posts: 343
Likes: 373
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Post by greatmarko on Feb 10, 2017 20:14:50 GMT
If you do not want it like it says you cancel it. Yes, I'm aware of that, however, my original post was made BEFORE I received an email that it could be cancelled!
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ben
Posts: 2,020
Likes: 589
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Post by ben on Feb 10, 2017 20:17:53 GMT
If you do not want it like it says you cancel it. Yes, I'm aware of that, however, my original post was made BEFORE I received an email that it could be cancelled! fair enough are you keeping this one or cancelling?
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greatmarko
Member of DD Central
Posts: 343
Likes: 373
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Post by greatmarko on Feb 10, 2017 20:26:59 GMT
are you keeping this one or cancelling? Cancelling - not because I think there's anything especially wrong with the loan itself, I just prefer to have all my investments through Unbolted at the regular 0.85%/month rate (Makes it easier to estimate my overall return from my Unbolted investment if all loans I'm invested in are at the same rate!)
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ben
Posts: 2,020
Likes: 589
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Post by ben on Feb 10, 2017 20:48:18 GMT
Unbolted is the only site I have invested in all loans offered and this is another loan I am happy to have, only problem was if I knew it was coming I would have had more pennies in my account so would have got a bigger slice.
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fp
Posts: 1,008
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Post by fp on Feb 10, 2017 21:36:53 GMT
I have turned off auto-invest, my cycle of loans has just begun to repay over the past few weeks, at a guess 10% have repaid before the end date, and of the remaining 90%, half of those have repaid late or are outstanding, around 10% of my overall investments are currently sat in limbo "awaiting update"... or renewal at a higher LTV
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ben
Posts: 2,020
Likes: 589
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Post by ben on Feb 10, 2017 21:52:32 GMT
I have turned off auto-invest, my cycle of loans has just begun to repay over the past few weeks, at a guess 10% have repaid before the end date, and of the remaining 90%, half of those have repaid late or are outstanding, around 10% of my overall investments are currently sat in limbo "awaiting update"... or renewal at a higher LTV Had quite a few go into default but none have actually sold at a loss at auction, currently got 15 on my overdue list of those 7 have repaid part of the capital so none I am overly converned over.
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