ablender
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Post by ablender on Mar 18, 2016 23:24:45 GMT
I trust more a platform which is ready to risk their own money. Why should FCA ban such a thing? On MT, BroadOak take the first loss if I remember well. There might be other examples too.
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ablender
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Post by ablender on Mar 18, 2016 17:18:59 GMT
Reading Derby Valuation .....My God..... I don't believe it..... I must be seeing things..... Saving stream is actually using the 90 day Market Value......
Keep it up SS! That is not what caught my eye. Did you see where google is placing this house?
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ablender
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Post by ablender on Mar 18, 2016 6:47:11 GMT
This loan is still in the pipeline yet there is investor activity: s*****m £350, dated 17/3/16 17/3/15.
Is this normal?
Usually the particulars include information about the charge on the security. I cannot see it for this loan. Is it written somewhere else?
I also note with pleasure that we have a valuation report from which we (the people putting money in this loan) are not excluded.
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ablender
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Post by ablender on Mar 17, 2016 6:57:09 GMT
Hi ablender , For last month the interest will be paid on the £20. Thanks, LendingCrowd Thanks. That is clearer.
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ablender
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Post by ablender on Mar 16, 2016 15:48:55 GMT
Oh. SM is dry. Nothing to invest. Not that I have any money left.
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ablender
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Post by ablender on Mar 16, 2016 15:46:22 GMT
You are quite correct, Grumps. I've read nothing from ReBS. You've tagged me instead of ablender (a completely different animal). Oh! BUM! I do apologise! Some might mix platforms, others mix lenders.
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ablender
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Post by ablender on Mar 16, 2016 6:51:30 GMT
Re move of thread.
Sorry. was looking at a few different loans and mixed up platforms. Edited OP.
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ablender
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Post by ablender on Mar 15, 2016 19:58:51 GMT
Hi ablender , Thanks for your question. The outstanding principal is less than what you have invested in the loan as this company is due to make a repayment today. If you list this loan on the Loan Exchange this is the amount another investor would buy your loan part for. Can you please explain in detail how you arrive at this amount?This amount is calculated on an amortisation basis. With each loan repayment that is made, a portion of the payment is applied towards reducing the principal, and another portion of the payment is applied towards paying the interest on the loan. "The outstanding principal is the amount you will receive if you sell the loan-part now. It is updated on a daily basis.” If you list this part on the Loan Exchange and it sold today this is the amount of principal that would be repaid to you. We recalculate this on a daily basis as the interest outstanding is calculated daily. For instance if you sold this part in 10 days time (10 days after the interest payment) then you are entitled to those 10 days interest in addition to the outstanding principal. I hope this answers your question. If not, please let us know and we’d be delighted to assist further. Many thanks, LendingCrowd Thanks for your reply. So for the month that is going to be paid, on what amount will I earn interest?
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ablender
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Post by ablender on Mar 15, 2016 16:16:41 GMT
A received more than 98% of all votes cast. Is that not a clear majority?! I do not know. I do value the votes which are protesting against the only offered options (talking in general).
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ablender
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Post by ablender on Mar 15, 2016 16:10:57 GMT
ablender , I think you'd be better off emailing LC customer service as they rarely engage on the forum these days. Heather always responds to emails within 24 hours in my experience, often less. I put this one out here because I would like to hear from other lenders if they are noticing similar discrepancies. Currently I am going through all the statements for transactions on LC and I am finding a lot of differences.
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ablender
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Post by ablender on Mar 15, 2016 16:09:44 GMT
Sorry for nitpicking ablender but the title of the picture kinda reveals the company name, maybe re-attach after editing what the pic is called? I think no one can read through the blurring. - Aah. got you. I'll do it. Done.
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ablender
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Post by ablender on Mar 15, 2016 16:08:22 GMT
lendingcrowdI'll take up your offer for email. Just sent one.
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ablender
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Post by ablender on Mar 15, 2016 16:01:28 GMT
We are averaging c 17 new investors per day at the moment. Or to be slightly more accurate than savingstream Last 7 days - 12.14 new users/day Last 14 days - 13.36 new users/day Last 30 days - 14.02 new users/day Last 60 days - 14.11 new users/day Last 90 days - 13.47 new users/day Last 6 months - 12.42 new users/day. I also think that sign ups / new users is a very different figure to 'new investors'. Ratio is probably about 2.5:1 More interestingly the lowest number of new sign ups on any day in 2016 so far........... 14th February with only 2 new sign ups. Nice to know that the P2P crowd are still such a romantic bunch. Investor: who is that .36 investor who joined in the last 14 days?
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ablender
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Post by ablender on Mar 15, 2016 15:43:25 GMT
I have just read the email from ReBS AC saying that the "the clear majority have voted in favour of accepting the borrower's proposal".
The results of the vote are as follows: Vote Percentage A 49.4774% B 0.7306% No Vote 49.7920% Total 100.0000%
Please note the accuracy, up to 4 decimal places.
What I see is that the largest majority chose not to vote - perhaps no option was good for them to choose. The amount of people not voting is larger than the people selecting option A.
How does this make option A a "clear majority"?
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ablender
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Post by ablender on Mar 15, 2016 7:08:20 GMT
lendingcrowd A new loan has not yet paid any capital or interest. Yet your website is showing that the outstanding principal is less than the capital that I have invested in that loan. Can you please explain in detail how you arrive at this amount? Also, what do you mean by "The outstanding principal is the amount you will receive if you sell the loan-part now. It is updated on a daily basis."? Why should it change on a daily basis? My understanding is that the principal changes whenever there is a payment.
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