jimbob
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FundingSecure (FS) in Administration
New Loan Coming
Nov 5, 2015 11:02:01 GMT
Post by jimbob on Nov 5, 2015 11:02:01 GMT
Gone in about 20 seconds.
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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FundingSecure (FS) in Administration
New Loan Coming
Nov 4, 2015 14:41:33 GMT
Post by jimbob on Nov 4, 2015 14:41:33 GMT
Oh for the love of, I'm hopping mad with myself as I misremembered this loan as going up at 4 PM >.>
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on Nov 4, 2015 14:29:15 GMT
Thoughts:
Fist up my live loans haven't been carried across properly. I have a quarter of what I can see.
Secondly far too much padding.
Thirdly, can we have an option to go with or without pictures. I've just found the "list" view, which is better than the super massive pictures view - but an even neater non picture view would be good.
Grouping loans that we have is nice - an export to excel or .csv would be even better.
I've put up shrapnel on the secondary market for further stress testing.
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on Nov 3, 2015 22:24:01 GMT
Can someone help me with the following calculation please? If I have £25 invested at 13%, how much will I earn per day? I did £25 * .13 = £3.25. Then I divided by 365 => £3.25 / 365 = £0.0089 Is this correct? If you were able to continually reinvest your interest for 40 years at 13%, you'd have 11.2k ^^;
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on Nov 3, 2015 15:00:26 GMT
My first ever loan that should have been repaid went pop with the flatulent chicken. I'm reliably informed I'm getting -8.4% APR with them right now
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on Nov 3, 2015 14:24:37 GMT
Faulty Coders at work again. On the plus side the cashback is in on the 8+2 prime A++++ property loan I invested in the other night. Is that 2% interest with 8% cashback? Lol, I wish !
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on Nov 3, 2015 14:01:55 GMT
Faulty Coders at work again.
On the plus side the cashback is in on the 8+2 prime A++++ property loan I invested in the other night.
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on Nov 2, 2015 13:34:11 GMT
The 38% farm seems to have disappeared !
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on Oct 30, 2015 19:07:46 GMT
Is the aircraft flying round or is it in a hangar If it is flying round, whats the insured value ?
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Lendy (L) in Administration
PBL 15
Oct 30, 2015 16:33:29 GMT
Post by jimbob on Oct 30, 2015 16:33:29 GMT
Going to withdraw with my 49 pence interest - see how long the withdrawals take as a test
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on Oct 30, 2015 14:49:31 GMT
I have received the LC letter/proposal and am not happy with it. In particular LC propose a new mechanism of interest accrual which is as clear as mud and as manipulable as they wish... (they would like to propose to start the interest accrual on the date the money is released, which of course is unknown and not verifiable by the lenders....). I decided not to invest anymore on this network, but for the benefits of all lenders I strongly suggest that all insist for LC to adopt a simple and transparent rule, i.e. "a Loan starts accruing interest from the date in which the Loan Auction has closed". The end of the auction is a date which is CERTAIN and known to lenders (differently to the date of money transfer which is unknown and makes things extremely muddy and arbitrarily manipulable...). Moreover this also incentive borrowers to take quick actions in accepting/refusing the loan, which is necessary to speed up the whole extremely slow current LC process... No, this is standard practice for Fundingsecure and Savingstream and many other platforms. Your second paragraph refers to "Instant returns" - which are offered by Ablrate on their loans. I can't remember how Fundingcircle does it - upon auction close I think... but they are fixed rate now so you lose out that way. Ratesetter starts accruing from "matched" so an instant return/drawdown comparison there doesn't make sense. I've only been in p2p a couple of months, and each platform has a right to operate how it likes - Instant returns are a privelige, not a right ! The issue with WH was the delay on interest after drawdown. LC to their credit I think have realised this and are acting on it.
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on Oct 30, 2015 14:33:41 GMT
Private message sent regarding the loan
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on Oct 29, 2015 23:22:11 GMT
Instant returns are a bonus, but interest simply must start accruing once funds are drawn down by the borrower, as that is when a risk is started.
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on Oct 29, 2015 15:43:59 GMT
BACS in £20, buy a loan part and you'll clear it.
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on Oct 29, 2015 15:12:34 GMT
Oik, think there is a fair bit of horses for courses. If your savings are 40-60k+ (And you're mortgage low/free) then Santander makes sense. I just think it's now a horrible option for us smaller savers with the fee substantially eating into the interest. As you put for you it makes sense, for me it doesn't
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