toast
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Post by toast on May 19, 2018 16:09:45 GMT
Yep, and another case on MTAQ634N since then too: i***1 £30.00 19/05/2018 11:06:51 a***3 £150.00 19/05/2018 11:06:50I note MoneyThing has liked the post from p2pmark and so is definitely aware of these cases. I've no idea if it's the same a***3 but they might have been at it for years. It may be the case that a***3 was given a warning at that time and warrants stronger action today.
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toast
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Post by toast on May 3, 2018 16:19:54 GMT
Loans MTBG941-3 are currently shown under "pending loans" in my regular account. They do not appear under "pending loans" in my IFISA account. Is that a little bug MoneyThing?
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toast
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Post by toast on May 3, 2018 11:56:36 GMT
Sorry for another "can I do this with an IFISA" question, but... Let's pretend I am in this scenario: I have subscribed new money to an IFISA this tax year. I have transferred all of that money to a S&S ISA. What are my IFISA options at this point? - Am I prohibited to subscribing to any IFISAs during current tax year? - Can I open new IFISA and subscribe new money with same company that I used before? - Can I open new IFISA and subscribe new money with a different company that I used before?
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toast
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Post by toast on May 1, 2018 19:07:58 GMT
Took me 4-5 attempts to get a bid accepted on loan 1000101 at about 20:05 just now. The failed attempts yielded an error like:
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toast
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Post by toast on Apr 30, 2018 17:03:58 GMT
You might have picked up some older loan parts at less than 6% from other lenders who were selling them. In such cases you will receive a payment from the selling lender to compensate you for the lower rate. "Accrued interest" I think is the Lending Works term for this.
Behind the "More" link in the "On Loan" box, it will say something like... So I don't think you've been diddled!
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toast
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MoneyThing (MT) in Administration
IFISA
Apr 29, 2018 17:51:58 GMT
Post by toast on Apr 29, 2018 17:51:58 GMT
Re 2. How much are : -the administration charges for transfers out? -the administration cost fees for extraordinary life events? -any other fees or charges payable for the IFISA product? Fees are clearly laid out at the foot of this document: www.moneything.com/isaterms/
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toast
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Post by toast on Apr 27, 2018 15:13:18 GMT
The problem with allowing a premium on the secondary market is that value is sucked out of the system by traders at the expense of genuine lenders. (Traders make money buying and selling, but this means there is less money made by genuine long-term lenders, who then have to pay a premium for the more desirable loans to get them from traders.) At present you can buy something on the secondary market at par, easily re-investing returned interest or other funds as they become available, and be confident that the loans are, defaults aside, good value. But as soon as there is selling at a premium the big boys with very deep pockets will buy up the best loans, and then try to unload them shortly afterwards at a premium. Personally I'm in favour of a fair-for-all system that gives lenders a good return on their investment without too much workload, borrowers access to finance at fair rates, and MoneyThing a reasonable profit. I guess the counter-argument is that such traders provide liquidity. If the price they're asking is too high, then just don't buy those loan parts. And because MT are good at applying initial bid restrictions there is usually no problem in acquiring part of new offerings. That makes it hard(er) for BH with a trader mindset being able to buy up everything view a view to sell it on at a premium.
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toast
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Post by toast on Apr 25, 2018 21:51:35 GMT
I agree re a***3 he snaffled several parts of this loan when I was transferring it to my ifisa during the day. In the end I got up in the middle of the night to complete the transfer in small chunks. There could of course be many different a***3, but it's not the first time they've been noticed: p2pindependentforum.com/post/168386/threadPretty sure MoneyThing have added in some anti-bot measures since then.
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toast
Member of DD Central
Posts: 158
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MoneyThing (MT) in Administration
IFISA
Apr 25, 2018 15:06:15 GMT
Post by toast on Apr 25, 2018 15:06:15 GMT
Yay, just got my IFISA invitation! I like that we can initiate transfers from other ISAs via the electronic form. All my other IFISAs seemed to require me to print out a form, sign and post it. Electronic only is far less hassle! Aww, foiled! It seems the Building Society that I want to transfer from still want to see wet ink... MoneyThing I did have one question regarding the T&Cs at: www.moneything.com/isaterms/Does that mean that if I neither add £1,000 of new money nor transfer in that amount during any tax year then my IFISA account gets closed? I am more used to ISAs that remain open but just let me manage funds from previous tax years (as hinted at in another of the terms):
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toast
Member of DD Central
Posts: 158
Likes: 90
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MoneyThing (MT) in Administration
IFISA
Apr 24, 2018 11:34:32 GMT
Post by toast on Apr 24, 2018 11:34:32 GMT
I pre registered on 18th Jan and was able to open mine on 17th April. In case you missed the email it is worth checking your account. You will find that once you have logged on, you can go to “account” and under there you will find an option to “Register ISA account”. Once registered, your “switch” to get into your IFISA account is to the top right-hand of the screen under your name. Thanks for the info on where to look for the "register" button in my account. It's not shown up there yet, but it's good to rule out a missed email.
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toast
Member of DD Central
Posts: 158
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MoneyThing (MT) in Administration
IFISA
Apr 24, 2018 11:16:27 GMT
Post by toast on Apr 24, 2018 11:16:27 GMT
IFISAcava can I ask when you pre-registered for the MT IFISA? I preregistered on Jan 18th and got an acknowledgement of pre-registration same day, but am still waiting to be invited to open an IFISA. Just trying to gauge how much longer I might have to wait now that MT have "begun to work systematically through the pre-registered list."
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toast
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Post by toast on Apr 17, 2018 10:26:58 GMT
Why can't you subscribe, then transfer in your existing funds? That's what the options offer Because you can only subscribe to one IFISA per year and I don't want to use up that opportunity You are allowed to " apply to subscribe" to multiple ISAs. The restriction is that you cannot actually subscribe (pay new money) into multiple ISAs (or to be more precise, all the current years subscription for each type of ISA must reside in a single account at any one time).
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toast
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Post by toast on Apr 3, 2018 18:27:15 GMT
No, it's not all right for 98. The details button for 98 takes me to the details of 99, as does the button for 99. It's a bug (delicious). Our previous posts crossed, but I have the reverse situation: my 99 (top entry) shows me the info for 98.
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toast
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Post by toast on Apr 3, 2018 18:24:40 GMT
ablrate , I just noticed a small bug: I have two entries on the "Bids on New Loans" page (NewUI/Lender/Dashboard/Active/Proposed.aspx). If I click the 'Details' button for the first entry, then it shows me details pertaining to the second entry. The 'Details' button for the second entry correctly shows information about the second entry. It all looks fine to me! I logged out and back in again and the problem is still present for me. The only thing I can think of that I might have done different to you is that my first item was built from two separate pledges (I lent some money, then lent a little more later on) - perhaps that triggers it?
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toast
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Post by toast on Apr 3, 2018 16:29:26 GMT
ablrate , I just noticed a small bug: I have two entries on the "Bids on New Loans" page (NewUI/Lender/Dashboard/Active/Proposed.aspx). If I click the 'Details' button for the first entry, then it shows me details pertaining to the second entry. The 'Details' button for the second entry correctly shows information about the second entry.
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