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Post by Deleted on Aug 10, 2017 12:30:59 GMT
Collateral is it time to bring back the 'Bling'?
  
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littonowl
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Post by littonowl on Aug 10, 2017 13:44:19 GMT
Yes!!!
Despite assurances from Coll that there hasn't been a strategic move away from bling, the fact that we haven't had a single new jewellery loan in months now (when we used to get them daily) would suggest otherwise.
A real shame as I really liked the platform and the communication from Gordon. Slowly but surely though my Coll balance is now reducing as I fail to find anything new that I want to reinvest my redemptions in.
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Post by Butch Cassidy on Aug 10, 2017 14:01:15 GMT
The only problem that Col have is once their existing pawn partner is exhausted it proves difficult to find another, just ask MT, any new stuff obtained by their existing partner is needed to replace that which is redeemed on the original schedule.
Perhaps all forum members could google search for "new pawn partner" & forward suggestions to Collateral Rep ? 
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n
Member of DD Central
Yet another Nick
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Post by n on Aug 10, 2017 14:20:26 GMT
I spotted that I could have 2 votes so I tried to vote twice for the same option, but the 2nd just cancelled the first (as I suspected). Can't really see why anyone would want to vote for 2 different options.
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adrianc
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Post by adrianc on Aug 10, 2017 16:03:23 GMT
I'm just on a platform toe-dip at the moment, and the shrapnel left over from a few bling renewals this morning were my first exposure to the sector. Wow, did they go quickly! The first one up, 9am, was only £330 in £25 max chunks. That disappeared in seconds flat. I didn't even bother looking at the other three, since they were all much smaller.
If that's an indication of demand...
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elliotn
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Post by elliotn on Aug 10, 2017 16:07:09 GMT
Yes, this question has been asked many times over. There is a business to run here. -> Unbolted
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greatmarko
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Post by greatmarko on Aug 14, 2017 0:56:26 GMT
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star dust
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Post by star dust on Aug 14, 2017 12:16:53 GMT
Your link seems a little circular, guess you meant this comment. 
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kaya
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Post by kaya on Aug 14, 2017 13:11:18 GMT
The bling never went away. 50% of my investment is bling, and renewals are common. Wouldn't complain about new bling though.
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dermot
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Post by dermot on Aug 14, 2017 14:59:20 GMT
I have quite a few more £K just waiting for more bling - I have enough in property already, no matter how well diversified.
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marka
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Post by marka on Aug 15, 2017 8:39:43 GMT
Proposal: For we investors to accept an 11% ROI as opposed to 12% ('Bling' Only) to help Collateral boost their margins yet help us to obtain the diversification we so greatly and genuinely seek? I realise that I can be one seriously controversial contributor to forum so please feel free to beat me up today for being so bold as to suggest such a radical step. That gets my vote. I'm pretty new to COL. Looking for diversification I noted that it had a good reputation among lenders so signed up 2 or 3 months ago. However I came too late for the bling, and have therefore only loaned a small amount (between £1K-£2K) as I have enough property exposure elsewhere. I'm even withdrawing small amounts now as they are repaid or as interest comes in, because there are no more loans available that interest me.
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Post by dan1 on Aug 15, 2017 8:53:23 GMT
Proposal: For we investors to accept an 11% ROI as opposed to 12% ('Bling' Only) to help Collateral boost their margins yet help us to obtain the diversification we so greatly and genuinely seek? I realise that I can be one seriously controversial contributor to forum so please feel free to beat me up today for being so bold as to suggest such a radical step. I would go further and propose a distinction between items held by Collateral and those with Assignment of Chattels/Sale Agency Agreements to reflect not only the supply/demand but also the risk (whether perceived or real). I'd even go so far as 10% for items held and 12% for AoC/SAA loans. Bling at 8% or 9% would probably fill pretty quickly as evidenced by FS.
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Post by dan1 on Aug 15, 2017 9:16:14 GMT
I would go further and propose a distinction between items held by Collateral and those with Assignment of Chattels/Sale Agency Agreements to reflect not only the supply/demand but also the risk (whether perceived or real). I'd even go so far as 10% for items held and 12% for AoC/SAA loans. Bling at 8% or 9% would probably fill pretty quickly as evidenced by FS. Morning dan , for my own circumstances I could live with 10% for items held and 12% for AoC/SAA loans, these figures are palatable and would likely still actively encourage an steady inflow of liquidity onto Collateral. Now for the controversial bit: Heaven help us if Collateral were to become anything other than the Collateral that we have learnt to trust and respect; I could not and would not support a move towards 8 to 9% this would undervalue my funds and contribution to Collateral's future prospects. Reward as expressed in ROI needs to be fair for both investors and the platform itself. I agree entirely. I'm not interested in anything less than 10% but it's clear that's not the case for everyone.
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n
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Post by n on Aug 15, 2017 9:17:32 GMT
I too would support a reduction in ROI, but would not bother with anything less than 10%. Also I like the idea of a difference between loans for items held and not held.
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Aug 15, 2017 9:31:39 GMT
With the number of brand new pawn type loans over the last week or so on FS I think that your poll has been responded to. Problem there is the poor reputation for valuation and communications by FS.
I would go down to similar rates on unbolted for secured loans none gold as I already invest on ub.
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