hantsowl
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Post by hantsowl on Sept 10, 2016 22:06:37 GMT
dualinvestor Do you think, as i do. that SS WILL pay all investors in full, capitol and interest? If SS wish to stick with the claim that "no investor has LOST money" then in theory then simply need to cover any capital loss. Interest can be classed as a gain and providing original investment is covered then no loss will have been made. That being said it is simply my opinion and not anything gleaned from the t&c's.
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hantsowl
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Post by hantsowl on Sept 9, 2016 14:41:14 GMT
What other play forms offer 12% (or more) and it's a matter of minutes to sell loans? MT, of course. There's currently less available on MT at the moment than SS. At least with SS there is the chance of picking something up on the SM if you can get in quick whilst FFF is out brewing a coffee...
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hantsowl
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Post by hantsowl on Sept 6, 2016 21:59:54 GMT
Quite a few bits available now if anyone fancies a nibble 😉
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hantsowl
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Post by hantsowl on Sept 6, 2016 20:11:40 GMT
Could we add the question "How long do I have to wait before I can sell a loan?" which is an answer I would be interested in. I have a loan with an age of 7 days and they are still shown as "Not eligible for sale". Thanks. I was in this situation today. I had some loan parts showing 7 days but ineligible to sell this morning. This evening however I am now able to sell them (still 7 days). So 'maybe' the time of purchase is used to determine the switchover time.
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hantsowl
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Post by hantsowl on Sept 6, 2016 0:40:59 GMT
Realms of fantasy...... a) I have a non-property loan on FK, where the director has just been diagnosed critically ill; the platform has moved the loan to non-performing (also non-paying in my opinion). b) Above same platform I have a property loan in recovery. Interest was not taken in advance on no-payment was ever made. The administrator is now saying the original valuation was all wrong and we will be receiving less then what we loaned. So this loan did default during term. However to repeat no interest was taken out in advance unlike SS. c) Again on the same platform a trading business has gone into administration. However that same business took out a property based loan on T.C. Basically, as I understand it the TC lenders are in an uproar because second charges were taken out and their first charges were never properly secured so their property backed loan might not have any security. In this instance best to read the TC forum because I only invested in the loan with FK not TC so I am not privy to all information. Don't forget that FK themselves went into administration earlier this year which is why I bailed out. I know they have new backers now and continue to trade but i decided to cut and run. Shame really because I actually liked FK as a p2p lender.
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hantsowl
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Post by hantsowl on Sept 5, 2016 16:20:12 GMT
Hi. I am going to sign up but am having trouble locating the £20 voucher link. Can you please tell me where I can find this. Thanks.
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hantsowl
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Post by hantsowl on Sept 5, 2016 13:01:05 GMT
I would like to repeat a couple of minor niggles mentioned above... - allow a facility to remove that big yellow banner permanently on the available loans page which keeps re-appearing after every refresh. - please please please allow use of CR to complete password entries. I find this very annoying and would also agree with comments above about auto-tab and storing usename.
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hantsowl
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Post by hantsowl on Sept 5, 2016 10:38:43 GMT
PBL026 and PBL036 have paid back today.
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hantsowl
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FundingSecure (FS) in Administration
New Loans (FS)
Sept 2, 2016 10:10:02 GMT
Post by hantsowl on Sept 2, 2016 10:10:02 GMT
Did that emerald stone renewal actually become available?? It was showing as fully funded mere seconds after 11:00. I am certainly NOT adding more funds to FS until there becomes a realistic way to invest in the non-property loans. ☹️
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hantsowl
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Post by hantsowl on Sept 2, 2016 9:35:22 GMT
And then the cupboard was bare....
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hantsowl
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Post by hantsowl on Sept 1, 2016 23:22:23 GMT
If you are happy with a lower rate of interest (7-10%) then LendInvest seems one of the better options. My gut feel is that they are one of the safer platforms, but they are strictly housing so little diversification from SS. For diversification and minimal work then BondMason looks interesting. Again 7-10% but here you give them the money any they spread the investment across various categories and you specify a max of 1-2% in each.
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hantsowl
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Post by hantsowl on Aug 29, 2016 11:14:46 GMT
I am fairly new to FC and when I usually check the SM there are rarely any parts on offer at par (0% discount). This morning was a whole different situation. There were numerous parts available (at par) for a whole load of decent looking loans. They got bought pretty quickly and l helped myself to quite a few. Does this happen on a regular basis (it is the first time I have noticed it happening)? Is this likely the result of someone hitting autosell to free up some funds and dumping a whole load of parts on the SM in one go?
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hantsowl
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Post by hantsowl on Aug 25, 2016 19:13:20 GMT
Wow!! Even one of those fields has gone missing.
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hantsowl
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Posts: 672
Likes: 546
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Post by hantsowl on Aug 24, 2016 19:52:53 GMT
I admit it's sour grapes, but I just don't know how I could have been quicker to grab today's loan. It was gone in about three seconds. Totally agree. This is not the first time with MT loans. Maybe there should be some kind of pre-funding so as not to discriminate against those with slower computers and/or connections. I know the SS scheme is not perfect, but at least I can grab some of each loan I want. With MT I find it difficult to grab anything other than large property loans, 80% GA loans, or those 10% ers which seem to sit around for months waiting for buyers. ☹️
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hantsowl
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Post by hantsowl on Aug 23, 2016 11:23:17 GMT
SS update just now.... "We are going to cancel this loan and fully repay investors plus the interest earned. The reason for this is that the borrower\'s existing 2nd charge lender is not happy that the borrower is refinancing and thus eating into the equity again which reduces their available security. This could take a few weeks to resolve but in the meantime, we don\'t want to hold onto the funds unnecessarily and incur the cost. " So I assume that in the short term this the "safest" loan on the SS platform 😉 Interest paid and no third party risk.
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