JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317 
Likes: 893
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Post by JamesFrance on Feb 13, 2017 8:14:53 GMT
I find it most annoying when originators keep testing the investors by changing their interest rates. I was pleased to see 175 pages of unsold personal loans available this morning, so hopefully most of us are not lowering our auto invest rates and they will soon realise that they are not gaining anything but just causing a loss of goodwill.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Feb 13, 2017 8:54:07 GMT
I started following them down, but when they kept dropping and dropping I decided to just move them all back up to 12% and stand my ground.
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Post by extremis on Feb 13, 2017 9:40:55 GMT
JamesFrance, i find it annoying too, but what can we really do? It is a free market after all. Of course it is good to see that most investors do not buy at very low rates, but there will always be some inexperienced ones that do (lets hope they only cover a small part of the loans issued). And loan originators want to profit from them. In the long run p2p rates will go down, as more and more investors join the party. If this is accompanied with lower risk (stricter p2p regulations, larger platforms and loan originators, a compensation scheme for p2p perhaps?) then it is just fine imho. But what we see right now is that rates are constantly getting down while the risk remains roughly the same. We should all put our personal limit and stick to it and not be fooled by those loan originators tricks.
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
Likes: 893
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Post by JamesFrance on Feb 13, 2017 10:33:53 GMT
About a year ago Twino lowered their interest rates and I reacted by withdrawing money, which was slow presumably because others did the same. The rates were soon restored and have so far been maintained since then. Increasing demand will be the problem for existing investors as it is now allowing several UK platforms to reduce investor rates but still fill loans. It will be interesting to see where it all is in a few years time.
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Post by rahafoorum on Feb 14, 2017 10:44:18 GMT
About a year ago Twino lowered their interest rates and I reacted by withdrawing money, which was slow presumably because others did the same. The rates were soon restored and have so far been maintained since then. Increasing demand will be the problem for existing investors as it is now allowing several UK platforms to reduce investor rates but still fill loans. It will be interesting to see where it all is in a few years time. Twino has just recently lowered rates actually. What used to be 12%, is now 11.5%. But I agree with others. Simply set your limit and go elsewhere if there's no supply at these rates.
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