ben
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Lendy (L) in Administration
Lendy video
May 21, 2016 21:10:35 GMT
Post by ben on May 21, 2016 21:10:35 GMT
wonder how many investors it actually finds although I doubt it will attract the sort they want
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ben
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Post by ben on May 21, 2016 13:01:25 GMT
Typical supply and demand. Loads of loans available on FS = low demand. Whereas SS is low supply = high demand. People are watching their PC for hours on end for loans to come on the SM. Awhile ago there probably was a similar demand as they all got snapped up pretty quick but for the last few months there has been days with 4 or 5 loans issued which is just getting to much especially with the way the secondary market work and them not taking any interest up front.
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ben
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Post by ben on May 21, 2016 12:13:44 GMT
I withdrew money yesterday without any issue so as Steve suggests you might have entered your bank details in incorrectly
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ben
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Post by ben on May 20, 2016 20:23:35 GMT
still saturday and sunday to go yet
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ben
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Post by ben on May 20, 2016 19:26:32 GMT
the rates will probably not be that good but will have a look and see when it comes out
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ben
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Post by ben on May 20, 2016 16:37:56 GMT
Not a lot of positive comments above, I agree with the comments about the FS model not being as well suited as SS and MT for property deals and would love them to change. Saying that the quality of the loans don't seem too bad in most cases, for example to a layman like me the Newcastle Loan paying 13% +1% CB seem no more risking than the loans on SS.
Are people really worried about the quality of loans, specific examples would be interesting (not the Scottish Boatyard as too much has been written on that already), or more the FS business model? think it is a bit of everything, but with the amount of loans going through they really can't be doing much checking on them
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ben
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Post by ben on May 20, 2016 15:03:50 GMT
The big investers that put 5 figures plus in a loan will not invest until cash back is offered or they will only put a small amount in until cash back is offered, I think FS has got a bit greedy and basically just gone for whatever loan is put in front of them there is far to many for quality.
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ben
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Post by ben on May 20, 2016 15:01:42 GMT
most of money in asstez is in the GBBA or the packaged account even with my own work I only expect to get about 8% on my investments (maybe higher over longer term with recovery) so to me I am quite happy to accept a bit less with a bit more protection, I invest on SS and the like but that takes a bit more effort and there are plenty of loans on there I would not touch with somebody elses barge pole.
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ben
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Post by ben on May 20, 2016 13:56:04 GMT
I guessing quite a few people complained as they though they were getting a discount on the orginal price when in reality they were not so they have done it this way so that people can see what the orginal price was and what it current price is
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ben
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Post by ben on May 20, 2016 13:24:51 GMT
Personally I am only relly investing in the pawn items on FS now, still have a few property ones but very few and far between
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ben
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Post by ben on May 20, 2016 11:59:46 GMT
FS must be making a fortune out of all these loans not so sure it be so rosey for them a few months down the line
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ben
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Lendy (L) in Administration
Lendy video
May 20, 2016 11:45:27 GMT
Post by ben on May 20, 2016 11:45:27 GMT
Be suprised if it cost a £1000, suppose it depends how much they had to pay the so called investors Be careful - that could be classed as slander I'm pretty sure the investors in the video were real; rogerbu posted on this forum about his HQ visit as a result of being asked to provide a video testimony must be a first actually using investors rather then actors
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ben
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Lendy (L) in Administration
Lendy video
May 20, 2016 11:15:04 GMT
Post by ben on May 20, 2016 11:15:04 GMT
I doubt the vid cost them more than about £10-15k to be produced, so it's nice to see SS spending its promotional budget carefully. Be suprised if it cost a £1000, suppose it depends how much they had to pay the so called investors
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ben
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Post by ben on May 20, 2016 11:13:53 GMT
I think most of it whenbig chunks at the moment unless a new loan is coming is what people have brought and not paid for
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ben
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Lendy (L) in Administration
Lendy video
May 20, 2016 11:12:17 GMT
Post by ben on May 20, 2016 11:12:17 GMT
SS made it sounded like if in case of loss they would just sue the valuer and problem solved we all go home happy That's how I saw it.. it's a typical mohamed Ali presentation ( I am the greatest) ... I took it all with a pinch of salt. Still not quite sure why they want to push for new investors unless they have noticed that a lot of there ones that were core investors have not been bothering much latley due to the amount they are getting and are leaving
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