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Post by chrisj on Feb 21, 2017 8:00:20 GMT
Hello, as the title says, whats the gist of the coming changes, I dont have access to my e-mail for a while so am unable to check there. Sorry if this has been covered, the one topic I did see about it said to "check your inbox".
Thanks.
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archie
Posts: 1,838 
Likes: 1,842
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Post by archie on Feb 21, 2017 8:07:34 GMT
Hello, as the title says, whats the gist of the coming changes, I dont have access to my e-mail for a while so am unable to check there. Sorry if this has been covered, the one topic I did see about it said to "check your inbox". Thanks. You can only buy on the sm if you have the funds in your account (INPL only applies to new loans).
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elliotn
Member of DD Central
Posts: 3,063
Likes: 2,681
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Post by elliotn on Feb 21, 2017 11:13:59 GMT
Hello, as the title says, whats the gist of the coming changes, I dont have access to my e-mail for a while so am unable to check there. Sorry if this has been covered, the one topic I did see about it said to "check your inbox". Thanks. also read New Default Policy. SM with cleared funds, loans >90D overdue will accrue interest (intead of being paid by SS), loans > 180D overdue to be declared in default unless the Cedit Committee see sufficient evidence of exit/payment, material communications on overdue loans to be provided within 5WDs.
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GeorgeT
Member of DD Central
Posts: 1,321
Likes: 1,575
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Post by GeorgeT on Feb 21, 2017 12:38:30 GMT
The gist is the SM will be a lot slower to sell on after 1/3.
It will only be quick to sell loan parts after a loan has repaid and there is lots of existing money sloshing about on the platform.
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ben
Posts: 2,020
Likes: 589
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Post by ben on Feb 21, 2017 13:49:39 GMT
The gist is the SM will be a lot slower to sell on after 1/3. It will only be quick to sell loan parts after a loan has repaid and there is lots of existing money sloshing about on the platform. I suppose we will find out how much of the secondary market activity has been with people just moving loans between account without funding, anyone wanting to buy on the secondary market will leave money in there account like on other sites.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,156
Likes: 4,830
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Post by ozboy on Feb 21, 2017 17:10:52 GMT
I'm still steadily divesting, got shot of another £2k today, Thanks Peeps!  |
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twoheads
Member of DD Central
Programming
Posts: 1,089
Likes: 1,192
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Post by twoheads on Feb 21, 2017 18:16:37 GMT
I'm still steadily divesting, got shot of another £2k today, Thanks Peeps! No, No... thank you for selling us your hand picked loans.
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ablender
Member of DD Central
Posts: 2,204
Likes: 555
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Post by ablender on Feb 21, 2017 19:12:01 GMT
I'm still steadily divesting, got shot of another £2k today, Thanks Peeps! No, No... thank you for selling us your hand picked loans.
The ones I chose tasted of strawberries, what about yours?
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Post by GSV3MIaC on Feb 21, 2017 19:40:51 GMT
Earwax? Or was that the jelly beans .. ? 8>.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,156
Likes: 4,830
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Post by ozboy on Feb 21, 2017 21:18:51 GMT
As long as it's seen as a Win/Win, everyone's happy!
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