jamesc
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Post by jamesc on Oct 18, 2015 9:41:12 GMT
I'm sick of picking up £0.58 of a loan with -46 days to go on SS. Is SS even more rubbish than AC in terms of deal flow? I wouldn't have believed it was even possible... SS is great there has been a lot of deal flow recently just a dip currently if you check regularly then loan parts are available on average I am able to buy about £1000 per day and turn down much more, you just have to keep checking, although the last couple of days have been much slower than the beginning of the month.
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jamesc
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Post by jamesc on Oct 16, 2015 22:39:10 GMT
Basically are we saying for the same reason that some of us like E loans 'the enhanced rate albeit with enhanced risk' is the very same reason that borrowers are more likely to reject or at least take longer to accept, so that money placed in an E loan bid is more likely to be either left idle than say money in an A loan ? Are there any stats as to which loans get rejected by the borrowers most ?
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jamesc
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Funding Circle (FC)
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Oct 16, 2015 22:00:52 GMT
Post by jamesc on Oct 16, 2015 22:00:52 GMT
Thank you yes that makes sense I think! I will try it later and will let you know. thanks again
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jamesc
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Funding Circle (FC)
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Oct 16, 2015 19:52:41 GMT
Post by jamesc on Oct 16, 2015 19:52:41 GMT
To avoid a repeat how do you quote someone from one thread on a different thread ? please
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jamesc
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Funding Circle (FC)
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Oct 16, 2015 17:44:43 GMT
Post by jamesc on Oct 16, 2015 17:44:43 GMT
Sorry Arbster did not mean to offend, yes I should have said that it was implied. I am new to this and already upsetting everyone. A big sorry to anyone else, I upset just trying to get things straight in my mind so that I can make more informed decisions.
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jamesc
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Post by jamesc on Oct 16, 2015 17:03:01 GMT
When Flighty Crows introduced fixed rates we were told that it would speed up the loan acceptance process so we would not have dead cash not earning interest lying around so much. Maybe its just me but there are at least four E loans in suspended animation not on the loan board but that have not been accepted or rejected yet is this normal ?
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jamesc
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Funding Circle (FC)
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Oct 16, 2015 16:51:35 GMT
Post by jamesc on Oct 16, 2015 16:51:35 GMT
Hi GSV3MIac
I was basing my comment on one by Arbster On the Whole loans reject thread at 8.14am on Oct 13 Arbster stated that he was told by Fat Chickens that Whole Loans were only offered to One Institution. Sorry was not able to cut and paste the comment.
James
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jamesc
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Post by jamesc on Oct 16, 2015 16:42:43 GMT
A brave FC comment considering it's never happened and probably never will. Plus, an institution would just have to monitor the PL market or this board to know if (and probably why) a PL got rejected. Hence it's not fair. Brave? It felt a little bit random to me, and I wasn't sure the chap really believed it either.
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jamesc
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Post by jamesc on Oct 16, 2015 14:42:49 GMT
One thing to remember that just because a loan is a WL reject and therefore statistically it has a greater chance of going bad, each loan should be judged on its own merits. Just because a loan is a WL reject it should not automatically be treated like the plague, there may be many good reasons why a loan was rejected that are individual to the institution who rejected it and have no bearing on the quality of the loan.
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jamesc
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Post by jamesc on Oct 16, 2015 14:28:51 GMT
Sorry about that, I thought it was ok as the K*** services inc ltd was not technically the borrower then it was ok, but have changed anyway. The key is the garage and as it has a mortgage to a high street bank I would have thought he would be restricted in what he could do with it?
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jamesc
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Post by jamesc on Oct 16, 2015 14:03:24 GMT
I think 16551 looks much better than some of the recent A/A+ trying to understand the catch ?
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jamesc
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Post by jamesc on Oct 16, 2015 14:01:37 GMT
Also has a ltd company Kem***on services inc ltd not sure of the relationship between this and him trading as sole trader
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jamesc
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Post by jamesc on Oct 16, 2015 9:12:58 GMT
£10k in one spend I wish, but what your saying is there is flow if you are prepared to wait. I was a little surprised to see so many loans in negative but I guess that's a function of people grabbing things when they come up.
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jamesc
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Post by jamesc on Oct 16, 2015 9:07:46 GMT
Thanks
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jamesc
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Post by jamesc on Oct 16, 2015 8:42:17 GMT
Hi
I am fairly new to SS and have clearly started at a good time but today where there are no loan parts for sale is this more normal ?
Thanks
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