drgonzo
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Post by drgonzo on Jun 19, 2023 16:51:46 GMT
Hmmm... my "Available Funds" are now over 60% lower than they were before they took the website down! "Held Pending Issue: loan 8010286828" so that's the 1st Charge Barnoldswick loan.
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drgonzo
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Post by drgonzo on Jun 12, 2023 23:00:37 GMT
adrianc Yeah, I suppose so.... I noticed they were listed as on option last time I used Parcel2Go to compare prices.A company I used to work for would use Tuffnells for sending rolls of fabric between its sites. From what I remember they weren't great, but they were the cheapest for that type of item. I guess they just didn't have the pricing power to pass on their rising costs.
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drgonzo
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Post by drgonzo on Jun 12, 2023 21:22:48 GMT
Made me stop and think potentially 10's of thousands of parcels in the network none of which will either get delivered or returned to senders ? news.sky.com/story/more-than-2-000-people-to-be-made-redundant-at-uk-freight-company-12900981"Our team will be making contact with customers over the coming days to arrange parcel collection." I imagine that collecting parcels from whatever point they were at when operations halted will not be feasible for many customers! Not sure what would happen then, as I guess the parcels are still technically the property of the customers.
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drgonzo
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Post by drgonzo on Oct 9, 2021 12:54:24 GMT
I've done quite a few ISA transfers in to Vanguard from different sources and they've always been dealt with quickly. The fact that they don't allow partial transfers from cash/P2P ISA's is annoying and so requires a bit of juggling of funds if you don't want to (or in the case of most P2P accounts, can't) do a full balance transfer.
It's worth noting that the Vanguard ISA is flexible (unlike most other S&S ISA's), so if you do end up transferring in more than you immediately want to invest then you can withdraw and add it back gradually. In fact it's best to only hold uninvested cash there short term, as all funds on the platform incur the 0.15% platform fee, so there's no point paying that on a big chunk of cash.
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drgonzo
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Post by drgonzo on Oct 4, 2021 19:44:25 GMT
Incidentally, there is another MSE free tool MSE Credit Club that would highlight any credit account that is setup in your name and also possibly the initial credit check performed by the company.
You get an email periodically telling you if there has been any changes in your Experian credit report.
Agreed, definitely worth monitoring your credit files. You can get free basic accounts that monitor your records on all 3 of the main credit reference agencies... I use the following: - MSE Credit Club (Experian)
- ClearScore (Equifax)
- Credit Karma (TransUnion)
In the sweatshirt scenario I would expect an email from at least one of the above as soon as the new credit account was set up (ClearScore is the best for immediate alerts in my experience).
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drgonzo
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Post by drgonzo on Sept 8, 2021 23:23:10 GMT
If you bought TRIG at the next funding round it would cost you about 110p and you would earn roughly 5% dividend (probably/possibly). You do the maths. You're probably already aware, but for anyone else considering buying into TRIG soon, a new funding round was announced last Tuesday @ 124p, which closes next Tuesday (14/9)... the share price has been gradually dropping to that level over the past few days.
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drgonzo
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Post by drgonzo on Jul 8, 2021 11:57:43 GMT
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drgonzo
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Post by drgonzo on May 11, 2021 9:47:41 GMT
I have lost the plot on this one, can anyone tell me when we can expect the next payment. Payments are now made on the first working day of each month.
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drgonzo
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Post by drgonzo on Feb 17, 2021 17:14:51 GMT
Ah yes, the loan where they told us it was freehold, but in fact it was leasehold? The one where they told us that this point didn't make a material difference to the valuation? Yeah, that's the one! Although it was that which led me to start moving my money off the platform... so definitely saved me from losing a lot more in the long run! Every cloud...
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drgonzo
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Post by drgonzo on Feb 17, 2021 15:52:40 GMT
Just noticed that the remainder of this loan has been written off (it was my largest outstanding default). Here's the final update in case anyone else missed it:
(MTATR2965) DEFAULT of L***** St A**** Bridging Loan - CRYSTALLISED LOSS
01/02/2021
Lenders are reminded that the property relating to this loan was sold some considerable time ago. Any further receipts of the shortfall were dependent upon the results of the actions taken to enforce the Personal Guarantee given by the borrower. The borrower was declared bankrupt and we appointed a Trustee in Bankruptcy.
The Trustee in Bankruptcy has determined that the costs of further action outweigh any likely returns. It is not possible to prove ownership of the assets we believe are owned by the borrower and the legal advice is that there is a significant risk if we continue with this action. As such, no further recoveries are expected and we will shortly be crystallising the loss. The platform will be updated accordingly.
The final position is that the loan had a 69% capital recovery.
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drgonzo
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Post by drgonzo on Sept 25, 2020 16:11:07 GMT
New update / vote on this loan (if you can get to it... site is currently running like treacle).
I've actually voted option A for once!
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drgonzo
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Post by drgonzo on Aug 7, 2020 16:09:25 GMT
So, if one wishes to exit then would it be best to leap on at the smallest discount level (-0.5%? -1%?) to attain the position of 'oldest' discount at that range? I think whether FIFO is enabled from the start (at best discount) needs clarifying. It presumably is, unless offers at the same discount level are nibbled away in sync at when a buy request comes in. Actually that sounds plausible given the AC system. Or it could be that only par offers are handled proportionately whilst any offers at a discount greater than 0% is FIFO. Yeah...needs clarification IMV.. I would say so, yes... especially if you were late getting your withdrawal request in (I think mine was 13th March). I intend to keep my withdrawals at par as they should be near the front of that block, but I'm working on the assumption that I won't benefit from any SM activity for a considerable period (if ever) on those withdrawal requests. Maybe in a few years once the majority of (good) loans have repaid I will look to sell the remains at whatever discount is necessary, but I've resigned myself to just receiving the redemption payments for the foreseeable future. I take it as saying FIFO will be enabled from the start for all SM offers at the same rate (including the 'legacy' par offers)... but yes, explicit confirmation would be nice ( chris ?). Edit: The "This Withdrawal Instruction will continue to be fulfilled over time on a pro-rata basis (as is currently the case)" bit I interpret as referring to redemption distributions only, not SM activity. Happy to be wrong on that though!
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drgonzo
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Post by drgonzo on Aug 7, 2020 15:37:19 GMT
My understanding / interpretation of what's been said so far is that:
1/ loan redemptions (borrowers repaying) will continue to be distributed to investors on a pro-rata basis, as has been happening for the past few months (apart from this week!), regardless of your pending withdrawal requests and where you may be in any queue.
2/ Secondary Market trades (other lenders buying your current holdings from the withdrawal queue) will be based on your position in the queue at the given discount rate, which will be 0% for existing (pre-SM) withdrawal requests.
So for those of us with outstanding QAA withdrawal requests who don't want to sell at a discount, we'll still be getting the trickle of money from repayments, and our original withdrawal request will go into a FIFO queue at 0% discount based on the original date of that request, but obviously we won't be getting any money from any SM trades whilst offers to sell at any discount exist.
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drgonzo
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Post by drgonzo on Jul 31, 2020 10:07:40 GMT
Would you mind telling what company it was for and the approx value? I opened an account a few days ago... my free share was in Under Armour, valued at £11.49 at time of issue.
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drgonzo
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Post by drgonzo on Mar 23, 2020 22:35:56 GMT
A significant body of troops is currently quarantined in Aldershot to avoid infection, and available for deployment to enforce the lockdown if necessary. Hopefully if/when deployed they will be in full NBC gear to keep them uninfected... the sight of that alone should scare some of the idiots back indoors!
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