m2btj
Member of DD Central
Posts: 626 
Likes: 749
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Post by m2btj on Aug 21, 2017 15:56:38 GMT
Hi, im looking to invest with Archover and would like to know people's experiences with this company. Thanks! The platform is well run with good investor communication. The loan flow is not prolific but it would appear that the loan offerings are carefully selected. Each loan is furnished with a full borrower profile & gives all the information required to make an informed investment. I like the fact that Archover invests in good quality SME's & isn't yet another property intensive P2P platform....I'm probably over invested with property on other platforms! The platform is still quite new in what is still a relatively new P2P financial sector. A number of review sites rate Archover as one of the safer P2P investments. If like me you decide to give it a go I'll PM you an invitation & you can earn a £75 referral incentive.
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gwasp
New Member
Posts: 5
Likes: 1
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Post by gwasp on Aug 21, 2017 16:39:12 GMT
Hi m2btj,
thanks very much much for the info I found it very useful , with regard to referral code I've already had one PM' d earlier today. Sorry!!
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archie
Posts: 1,838
Likes: 1,842
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Post by archie on Aug 22, 2017 6:43:27 GMT
Considering whether to add this platform.
What are the normal interest rates for 'Secured and insured' and 'Secured and Assigned'?
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IFISAcava
Member of DD Central
Posts: 3,664
Likes: 2,988
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Post by IFISAcava on Aug 22, 2017 7:28:32 GMT
Considering whether to add this platform. What are the normal interest rates for 'Secured and insured' and 'Secured and Assiogned'? have a look at the old loans section about 7% for S&I, 8.5% for S&A, bit less for shorter loans, more for longer loans. Has edged down a fraction recently (like everywhere else). My average return is about 7.5% with a mix tending to use S&I. Let me know if you want a referral!
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IFISAcava
Member of DD Central
Posts: 3,664
Likes: 2,988
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Post by IFISAcava on Aug 22, 2017 7:47:37 GMT
Considering whether to add this platform. What are the normal interest rates for 'Secured and insured' and 'Secured and Assiogned'? Worth noting that several of the loans are linked - to the same company in different tranches/lengths. I also tend to have a limit of 2-3 loans per company, so that if anything goes wrong it isn't the whole portfolio affected. The direct debit system is a convenient way to pay, but there can be some cash drag at the beginning where you have paid but aren't getting any interest. For example, I have £1000 from 3/8 and £2000 from 15/8 paid but not drawndown. So rates are also fraction down due to that initial drag period.
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archie
Posts: 1,838
Likes: 1,842
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Post by archie on Aug 22, 2017 8:30:31 GMT
Considering whether to add this platform. What are the normal interest rates for 'Secured and insured' and 'Secured and Assiogned'? Worth noting that several of the loans are linked - to the same company in different tranches/lengths. I also tend to have a limit of 2-3 loans per company, so that if anything goes wrong it isn't the whole portfolio affected. The direct debit system is a convenient way to pay, but there can be some cash drag at the beginning where you have paid but aren't getting any interest. For example, I have £1000 from 3/8 and £2000 from 15/8 paid but not drawndown. So rates are also fraction down due to that initial drag period. Noted. I see on another thread that Archover were deducting tax from the interest, is this still the case? Does the platform have a tax certificate?
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IFISAcava
Member of DD Central
Posts: 3,664
Likes: 2,988
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Post by IFISAcava on Aug 22, 2017 8:46:18 GMT
Worth noting that several of the loans are linked - to the same company in different tranches/lengths. I also tend to have a limit of 2-3 loans per company, so that if anything goes wrong it isn't the whole portfolio affected. The direct debit system is a convenient way to pay, but there can be some cash drag at the beginning where you have paid but aren't getting any interest. For example, I have £1000 from 3/8 and £2000 from 15/8 paid but not drawndown. So rates are also fraction down due to that initial drag period. Noted. I see on another thread that Archover were deducting tax from the interest, is this still the case? Does the platform have a tax certificate? no - all paid gross without deduction. tax certificate available.
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Post by p2ples on Sept 2, 2017 16:18:05 GMT
I am looking to join ArchOver so happy to make use of one your your referral codes  I'd also appreciate a referral code please. [Edit] Thanks Ding
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savernake
Member of DD Central
Posts: 174
Likes: 142
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Post by savernake on Sept 3, 2017 20:57:34 GMT
Would anyone like to refer me please?
[Edit] Thanks puddleduck
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iootu
New Member
Posts: 1
Likes: 2
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Post by iootu on Sept 30, 2017 11:11:33 GMT
I'd appreciate a referral code please.
[Edit] Thanks Ding
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far
Posts: 6
Likes: 5
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Post by far on Nov 28, 2017 0:10:30 GMT
Can I have a referral too please [EDIT] Thanks IFISAcava! |
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ton27
Member of DD Central
Posts: 431
Likes: 267
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Post by ton27 on Dec 17, 2017 14:29:17 GMT
Does anyone want to give me a referral code?
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r00lish67
Member of DD Central
Posts: 2,691
Likes: 4,048
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Post by r00lish67 on Dec 17, 2017 14:38:42 GMT
Does anyone want to give me a referral code? PM sent
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,742
Likes: 3,137
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Post by jonno on Jan 2, 2018 13:18:19 GMT
I'm new to Archover. I have made six investments (and funded them) since early/mid Dec, but four of these are still awaiting drawdown and therefore not earning interest. Is this kind of delay "normal" or perhaps down to the time of year?
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savernake
Member of DD Central
Posts: 174
Likes: 142
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Post by savernake on Jan 2, 2018 13:24:50 GMT
I'm new to Archover. I have made six investments (and funded them) since early/mid Dec, but four of these are still awaiting drawdown and therefore not earning interest. Is this kind of delay "normal" or perhaps down to the time of year? Seems normal to me. I also have loans funded from early December yet to draw down. I've been using Archover for several months now and I've found it usually takes about a month for a loan to draw down from the date it becomes fully funded. It would be great if Archover paid interest from the date you actually commit funds to the loan. I know this is what some of the other platforms are doing.
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