ashtondav
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Post by ashtondav on Aug 30, 2023 16:05:58 GMT
I sometimes need instant - or 7 day access. The fact that I can’t hold more than £20,000 in LP classic means BS is only option. I agree the 60 day account is (marginally) competitive.
As for one year bonds not being comparable I thought that too until AC locked £40k of mine up for slightly longer than a year!!! Been burned. P2P has its risks!
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ashtondav
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Post by ashtondav on Aug 29, 2023 8:35:49 GMT
Higher rates from today: 5.2% (Classic); 6.2% (60-day) 5% easy access in BS with no risk. I’m out.
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ashtondav
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Post by ashtondav on Aug 24, 2023 14:48:12 GMT
when i joined the loan-pad premium account i was fully aware of the 60 day constraint on cash removal. this wasn't a problem. i like loan-pad and to be honest most of our savings seem to have gravitated here over the years when ratesetter and zopa etc wound down. we are planning to move house and i may (or hopefully may not) need to use some Loan-pad cash to get us sorted. the loan-pad site says "Access times are based on normal market conditions and cannot be guaranteed" I've always found LP accommodating in the few times I've contacted them, at the moment i have the daily interest paying into the LP classic account hoping this will be a speedy withdrawal, but its only a trickle. has anyone any experience of asking for large cash lumps returned from either a classic or premium account? especially in these turbulent times? i may need to ask LP for upto £80,000........... that'll scupper my early retirement to the Bahamas (or Bridlington!) ouch! thanks LP chums I’m in much the same situation. Ordered a withdrawal of £60,000 60 days ago and now in cash. It’s a shame you can’t have more in the classic account as I will now have to withdraw £40,000 to the BS…
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ashtondav
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Post by ashtondav on Aug 23, 2023 16:36:18 GMT
BRICS - the war crimes president joined by video. Too scared of the noose to attend in person.
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ashtondav
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Post by ashtondav on Aug 23, 2023 8:28:41 GMT
It happened to me on a cruise. Low speed or variable Wi-Fi was the issue on board. When connected over data or Wi-Fi on land it was ok.
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ashtondav
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Post by ashtondav on Aug 22, 2023 6:58:40 GMT
He/she must have a very high turnover/profit margin side hussle to do that. And if it’s that successful why avoid traditional financing options? Sounds strange.
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ashtondav
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Post by ashtondav on Aug 16, 2023 10:36:48 GMT
At a guess LendWise. Still don’t know why they don’t have a board on this forum…
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ashtondav
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Post by ashtondav on Aug 6, 2023 14:28:43 GMT
part of Growth Street and RateSetter wind-down as well. And let me say this - their process was far more transparent, clearly defined in their terms and they stuck to them like glue. Investors got back 100%,
Lending works, zopa - ye gods even FC behaved in a reasonably decent wind down manner. The bunch at the top of this disreputable firm take some beating in the downright scandalous awards. I can still recall one unpleasant creature “welcoming those who ZOPA have deserted.” I’d rather have a red hot poker than a “welcome” from him.
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ashtondav
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Post by ashtondav on Jul 29, 2023 7:50:47 GMT
For 2 days now get “error has occured “ when I enter username and password. Using iPad and safari
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ashtondav
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Post by ashtondav on Jul 21, 2023 14:53:53 GMT
What’s DD?
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ashtondav
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Post by ashtondav on Jul 18, 2023 11:19:44 GMT
Quite so, Acey. And the LP offer may increase while the fixed is fixed. Although the counter argument is that rates may decline in a year or two with inflation so fixing at 5%+ may look attractive
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ashtondav
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Post by ashtondav on Jul 2, 2023 10:01:42 GMT
<Insults removed> Secured £70 interest on my outstanding £45K.
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ashtondav
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Post by ashtondav on Jun 23, 2023 14:15:48 GMT
Good morning all In response to the disgruntled retail investors. I expect that there are many more sophisticated retail investors who fully understand the wind down as a regrettable but necessary and appropriate business decision, due to the current high interest rate environment, in the best interest of all stakeholders that gives the best achievable outcome when looking at all possible alternatives. In my opinion anyone, who believes that no win no fee litigation will deliver a better outcome for each individual is delusional. Be careful what you wish for as it is entirely possible that you could end up with nothing except regret that you destroyed your one and only chance for the return on your investment. I appreciate the current situation is far from ideal. I have invested in many other investments that not had such favourable outcome. That's investing for you win some and lose some. I suspect that the negative views on this forum are of a minority percentage of the thousands of other retail investors who accept investing has risks. Any Assetz Capital investor, equity or retail, who had a more sophisticated understanding of their investment would recognise and appreciate that the actions taken by the company are in the best interests of all stakeholders, retails, equity, borrowers and company. In my opinion, a lack of understanding or ignorance of the terms and conditions of retail investment, or the wider economic conditions, lays at the heart of the disgruntled. All investments have risk. If you do not fully understand your investment risks or the terms and conditions then you should not invest. If you do invest then you should own your own decisions. Have a great weekend. No problem with winding down. Makes sense. But wind down like rate setter, zopa even FC et al. Timely. Reasonably. Fairly.
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ashtondav
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Post by ashtondav on Jun 21, 2023 11:20:42 GMT
“AssetzCapital have decided not to return any more outstanding funds to lenders. We will keep them as fees and to pay Bentley bonuses to our hard working employees we decide to retain. This change in our t&c is entirely legitimate. Have fun staying poor. Love Stuart and team”.
maybe we’ll get that one next month.
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ashtondav
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Post by ashtondav on Jun 16, 2023 17:23:53 GMT
So effectively negative interest and with no option but to pay it. Perhaps they're covering themselves for potential legal action, but why are they passing their fees into us and not from their profitable institutional business. Absurd. Ridiculous. Barely disguised robbery. No, just robbery. Clearly the barstewards can do anything they like. Why not rack it up to 10% Stewy baby and make your business even more profitable due to raping the business you (not us) decided to exit. You disgust me
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