littleoldlady
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Post by littleoldlady on Feb 29, 2024 17:25:45 GMT
Anyone who likes Q but has not yet checked out Nester might like to do so. Similar to Q but secured against property although rates are lower. Perfect record so far. Customer service is excellent and withdrawals take a few minutes - to my bank at least.
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littleoldlady
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Post by littleoldlady on Feb 29, 2024 17:16:53 GMT
I do like the Chase 1% cashback, the cashback is not limited to certain shops. Shame it is limited to earn £15 per month But it is limited to certain types of purchase determined by a code which the merchant returns and is only meant for what they regard as "everyday spending" so it would be difficult to exceed £15 anyway.
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littleoldlady
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General P2x Discussion
Nester
Feb 27, 2024 16:02:30 GMT
Post by littleoldlady on Feb 27, 2024 16:02:30 GMT
Received this:
You may have received an email regarding the Opportunity known as Commercial Road Portsmouth, which may require an extension of up to 3-months, to finalise the refinancing of the property. It is possible this Opportunity may redeem earlier than the 3-month extension. Your investment in the current Opportunity is due to mature on 28 February 2024. Following our due diligence, we have adjusted the terms as follows for the extension: 1. A 3-month extension, maturing on 28 May 2024. 2. Have an increased Investor profit rate of 9.8% 3. All security retained, and profit to continue to be serviced from the rental income of the property. Please respond to this email so that we can record your decision on whether you wish to continue your investment for the extended period or if you wish to have your principal amount returned to you on the redemption date of 28 February 2024. Please respond by Tuesday 27 February, 12pm.
I replied saying I wanted repaying on 28th Feb. and got this:
We will be in touch soon with confirmation of the extension (and let you know when to sign the contracts), or if it fully redeems, in which case the funds will be returned to your e-wallet account.
I am confused.
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littleoldlady
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Post by littleoldlady on Feb 23, 2024 22:24:07 GMT
I had an email today saying there is a new update but there doesn't seem to be one. The last update I can see is the 13/2 which I had an email about at the time.
Sounds about right. I got a similar email about old updates. It's a marketing ploy to get you to login along with the other emails 'Your autoinvest account is still empty' , not just empty still empty.
Would be strange marketing to remnd someone about this shambolic loan.
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littleoldlady
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Post by littleoldlady on Feb 23, 2024 19:05:19 GMT
I had an email today saying there is a new update but there doesn't seem to be one. The last update I can see is the 13/2 which I had an email about at the time.
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littleoldlady
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Post by littleoldlady on Feb 22, 2024 21:48:05 GMT
The problem with risk arises when you don't know that you are at risk. Then the only way you find out is when things go bad. We have all been at risk, physically or financial, without knowing it but the worst never happened so we never found out. Most people who lost money in p2p did not realise the extent of the risk. Most of the failed platforms offered loans against property independently valued by professional valuers and loans were not more than 70% of valuation.
My advice to anyone considering a non-FSCS investment is to assume that there is a degree of unknown risk to set against the rate premium versus FSCS - otherwise why would there be a premium?
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littleoldlady
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Post by littleoldlady on Feb 22, 2024 13:45:34 GMT
The ratio of my loans that are significantly overdue / in default (i.e. 12+ Months Overdue) on CP has been growing. We get an insight into this state of affairs in the "Cumulative Paid Back' chart on the CP statistics page where the redeemed amounts have plateaud in recent times despite a huge increase in loans launched. You may have noticed in the CP weekly emails in the last several weeks that they announce the usual several new loans launching the following week but sometimes without a single pay back the previous week. Is this sizeable ratio of loans in long-term default a cause of concern?It is to me. It reminds me of one or two past favourites.
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littleoldlady
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Post by littleoldlady on Feb 22, 2024 13:43:30 GMT
I notice that the payouts come from at least 3 different names. i don't suppose it matters so long as the cash arrives, but experience in p2p has taught me that anything unusual is a little concerning.
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littleoldlady
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Post by littleoldlady on Feb 22, 2024 13:39:54 GMT
Paid a few days late but £120 knocked off for getting it chased. Reduces the return by 0.12% each time. I am not sure that I want such a quick referall to debt collectors. At least try a phone call first (of course they may have tried this).
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littleoldlady
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Post by littleoldlady on Feb 22, 2024 13:35:45 GMT
I went to the site ignoring the warning but closed it without signing in then closed the browser and went to the site again, this time without getting the error. I hope this is a good workaround and I have not been scammed.
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littleoldlady
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Post by littleoldlady on Feb 21, 2024 22:53:38 GMT
Chrome on Windows 11 says:
This server could not prove that it is qardus.com; its security certificate expired 33 days ago. This may be caused by a misconfiguration or an attacker intercepting your connection. Your computer's clock is currently set to Wednesday, 21 February 2024. Does that look right? If not, you should correct your system's clock and then refresh this page.
My date and time are correct. However I definitely logged in on 2nd Feb and did not get this error then.
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littleoldlady
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Post by littleoldlady on Feb 21, 2024 22:36:08 GMT
Does your Android browser check the SSL certificate?
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littleoldlady
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Post by littleoldlady on Feb 21, 2024 21:49:25 GMT
Anyone else getting NET::ERR_CERT_DATE_INVALID?
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littleoldlady
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Post by littleoldlady on Feb 20, 2024 15:42:36 GMT
It would be more use if it was correct. Here's one of my loans: £500 30/11/2018 22/11/2019 8% 8.00% £500 £25.10 Actual interest rate is 5% not 8% Many or most of them appear to be wrong. Are you sure that it is the interest rate that is incorrect? I've investigated a few of mine that looked wrong, but the rate turned out to be correct! In one case, like the one you quoted, the actual stated rate looked like it was too high. However, when looking deeper it was because the loan had repaid in tranches, so not all of the cash was lent for the whole time. The actual rate quoted did appear to be correct. In another case, the actual stated rate looked to be too low. However, it was the stated loan end date that was wrong. The one stated was the scheduled end date, but the actual end date was 3 months later. There's no excuse for the sloppy use of the wrong end date, but the actual rate was correct. No, I was just doing the calculation on the figures given. To get £25.10 as 8%pa on £500 it might have been repaid very early. I have not checked.
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littleoldlady
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Post by littleoldlady on Feb 19, 2024 22:34:16 GMT
It would be more use if it was correct. Here's one of my loans:
£500 30/11/2018 22/11/2019 8% 8.00% £500 £25.10
Actual interest rate is 5% not 8%
Many or most of them appear to be wrong.
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