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Post by caveman38 on Feb 9, 2018 13:09:09 GMT
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Post by caveman38 on Feb 7, 2018 18:51:27 GMT
Thanks for that useful info. I shall have to keep more up to date. With a more generous penalty on cashing in, I think it's worth lending a bit more.
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Post by caveman38 on Jan 24, 2018 16:52:16 GMT
2018 will be an interesting year for p2p. How companies address and resolve their mounting bad loans will be critical for the industry but significant haircuts are now being seen across more and more defaulted loans. I have recently got notice of my first capital losses in AC and MT. Lendy and FS appear to live in extended states of denial but clearly carry some big loans waiting to be almost written off. Zopa's returns appear to have almost evaporated. FC has become a blackhole and RS churns out the reasonable returns whilst dangerously flirting with huge losses itself. Wisealpha has blotted its copybook with New Look bonds and its recent bond price has collapsed. However, this brings me back to one reason I like Wisealpha loans (senior secured and heavily invested in by institutions and fund managers). I always feel the weight of the financial sector will get behind bondholders to ensure fair play (see link), hence I feel confident of a decent resolution as various stakeholders align their interests. This is in no way how I feel about most p2p sites and their attempts to brush some bad loans under the carpet and sometimes treat lenders with disregard and disdain. What recent bond price collapsing are you referring too?
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Post by caveman38 on Dec 15, 2017 18:43:25 GMT
Rather too soon to tell whether they will suffer similar levels of defaults, certainly as regards their large property loans (several of which are connected via a common borrower). As with MT, they started out with small pawn loans, which remain very popular but there have been no new ones for several months AFAIK. Now pretty much entirely property-based. One attraction is that their initial bridging loans (paying 12%) usually rank ahead of their subsequent development tranches (paying only 14% or 15%), and so offer much better value IMO. An obvious downside is that interest stops accruing when you list something for sale on the SM, which can be very slow moving for the big loans that were "force-filled" with large cash-backs. However COL have recently agreed that, once a property loan has been "extended" beyond its original term, lenders can list parts for sale without losing interest. Thanks for the reply Steve. In your opinion. Do you therefor think that their popularity as 2nd. on the poll, is based more then on the high yields rather than any historical reason.
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Post by caveman38 on Dec 15, 2017 17:58:10 GMT
Seeing as they appear to be popular in the poll , I felt I had to ask. I've invested in MT, SS, RS and a couple of others but am not familiar at all with these. They appear to be similar to SS with higher interest rates. Does that come with a higher risk. Are they getting the percentage of defaults as SS do. Sorry if this has been asked before, but I'd appreciate some feedback. Thanks.
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Post by caveman38 on Nov 29, 2017 20:00:29 GMT
I think at the time the borrower wanted £350K @5.7%. After 30 minutes £50K in was taken in bits and then it disappeared along with the £300K lenders were offering @5.8 &5.9%. I assume that the borrower needed the money quick and paid more. Would that seem right. I ask as if that scenario happens again whilst I'm watching, I'll be a bit quicker with my deposit.
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Post by caveman38 on Nov 9, 2017 15:45:23 GMT
Can someone explain how to get "Rolling" money transferred to "Holding Account" to take advantage of those good 1 year rates - without surrender penalties. I too got 6% but with new money although I had "Rolling" money.
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WiseAlpha
wiseAlpha
Feb 21, 2017 19:14:08 GMT
Post by caveman38 on Feb 21, 2017 19:14:08 GMT
This and possibly another of these Investment Bonds 1yr. 8% till they introduce similar 1/3/5 yr. starting at 5%. So limited opportunity at these good rates. More company £100,000 tranches to be released soon eg. Pizza Express and others.
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Post by caveman38 on Feb 20, 2017 15:37:53 GMT
That's the third. Since the one you mentioned in earlier post, a second was issued which was swallowed up in a few days.
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Post by caveman38 on Feb 10, 2017 8:32:49 GMT
those that have had monies returned (even in transit) how long from initial enquiry to implementation, did it take? . Were they small amounts and on what markets.
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Post by caveman38 on Feb 9, 2017 17:34:06 GMT
I contacted them 2 Feb and was told someone would call me within a week to discuss the return of my money. Over a week now, although not fretting, has anyone been given any idea when the return of their money would be and what was the time span from initial request?
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Post by caveman38 on Feb 2, 2017 8:36:20 GMT
Would somebody please explain in layman's terms what the changes mean that may lead us to wish to withdraw our money. I have to confess to not being able to interpret the information too well. Thanks.
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Post by caveman38 on Jan 16, 2017 5:47:02 GMT
Thanks all for the info and advice.
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Post by caveman38 on Jan 15, 2017 10:57:30 GMT
Thanks for the reply. Can you cancel request ie. not confirm if the penalties are too high?
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Post by caveman38 on Jan 15, 2017 9:44:16 GMT
Could someone please guide me through the procedure of cashing in loans. Providing the penalty is not too high I would like to raise some money I have in 1 year loans that I've had for a couple of months. They are at 4%, so would I take a hit on my capital or just on a reduced interest return. Thanks.
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