|
Post by ruralres66 on May 15, 2020 14:48:08 GMT
oh joy or joys freefalljunkie..... I am before you in the 1 Year
ruralres66 17/03/2020 379182 1 Year and I can happily say, ...... "ME TOO....!" ( six figure sum)
AHHHHHG..............still uncertain!
|
|
|
Post by ruralres66 on May 10, 2020 9:28:29 GMT
There were two main factors involved for me. First was the health of the PF only going in one direction which I'd been tracking for a number of a months. Then when Ratesetter decided to run a promotion whereby the more you invested, the more cashback you got, it rang alarm bells in my head and I promptly made the decision to withdraw. For me is goes back well before recent events.
RS Market Model manipulation
1. Monthly- that strictly wasn't..... 2. Rolling- that equally wasn't straightforward with 1-5 year loans 3. Access that was all the above and isn't access...... 4. Poor communication - anomalies- website account errors 5. Website design changes and making changes on the hoof.......and ignoring customer complaints feedback
6. last but not least, RS liaison with Neil Woodford.........
|
|
|
Post by ruralres66 on May 9, 2020 12:56:34 GMT
It seems it's very much up to who you speak to. I have always been denied any info at all when I ask for a predicted timescale for my loans yet others get an indication. This is one of the factors ( amongst several others) causing me to RYI.
|
|
|
Post by ruralres66 on May 7, 2020 19:45:05 GMT
ruralres66 17/03/2020 c. 4.30am 379182 1 Year
|
|
|
Post by ruralres66 on May 7, 2020 12:38:57 GMT
I wait your release with bated breath.....
|
|
|
Post by ruralres66 on May 5, 2020 10:39:06 GMT
15/03/20 376633 £10k - approx 8pm As I said of the above, it helps to know which market?
|
|
|
Post by ruralres66 on May 5, 2020 10:38:29 GMT
Some more for the queue 20/3/20 384771 £2.5k 20/3/20 384783 £2.5k 20/3/20 384787 £10k 20/3/20 384790 £10k It helps to know which market?
|
|
|
Post by ruralres66 on May 4, 2020 16:39:28 GMT
Hi, if anyone is interested, just had an email response from ratesetter. I actioned the RYI function on the 16th March in the one year market, I, m likely to get this repaid within 14 days. I also have a request in for the access, max and plus from the 13th March, I have been advised that this could still take over 3 months from now. Not what I was expecting. I am indeed very interested in the light of the recent PF and rate cut developments. I too decided to RYI in the early hours of the 17th after ruminating on the 16th.
On the table generated on the 9th April and updated regularly, your RYI doesn't appear.
The nearest one to my RYI in the 1 year and paid is;
bovinae 15/03/2020 eve. 376640 1 Year - 01/05/20 @ 15:30
Mine is shown as next;
ruralres66 17/03/2020 (about 4.30am) 379182 1 Year (a six figure sum)
|
|
|
Post by ruralres66 on May 4, 2020 11:59:49 GMT
In an attempt at charting the RYI progress now we have been given helpful reference numbers I've logged the following table from information supplied. Of course the amount would also assist, but I think the numbers give a guide at least. My 5 year RYI is still not displayed so I spoke to RS this morning and there was (an inadvertent) indication that they are currently ploughing through the requests from the 11th presumably in the Access markets. I have put an optimistic repaid date column in so do report back when your funds arrive. I'll also add any more at intervals if you report them in this thread.
Of course, now RS will know who I am (if they don't already) FYI - so the stats can be tracked as well.
ruralres66
Everyday
£5,370.00 5 Year 04/05/2020 402474 Queueing
ISA
£3,880.00 5 Year 04/05/2020 402481 Queueing £8,500.00 1 Year 04/05/2020 402540 Queueing
|
|
|
Post by ruralres66 on May 2, 2020 13:07:40 GMT
On the new platform you have reduced investor control in our access account by investing us in loans up to five years which worst case scenario means a possible five year wait should I need my monies returned. Could I suggest that the changes to platform which I am very unhappy about have exacerbated the withdrawal situation and led to a drop in investor confidence in RS I know it has for me personally. I agree entirely with this take o Investor confidence and refused to invest in any of the 'new" markets 'Access', 'Plus' or 'Max'. I was unhappy that 'Rolling" also could be a 5 year tenure......
I only want what is on the label, 1 year or 5 Year.
I have little confidence in RS as a result of the changes (including the website changes) and the recent failure to regularly send emails likewise has degraded their platform.
As the Dragon's Den folk say, 'I'm out!"
|
|
|
Post by ruralres66 on May 1, 2020 20:39:19 GMT
Music to my ears RYI 17th!
'....It remains difficult for us to give specific timing guidance on individual requests, but we are currently delivering release requests made on 12th March in Access, Plus and Max, and we are delivering requests made on 16th March in the 1 Year and 5 Year markets. The rate of progress within each market depends on the volume of requests received and the supply of funds within that market. We are continuing to process requests on a chronological basis within our different markets.....'
|
|
|
Post by ruralres66 on May 1, 2020 16:36:05 GMT
My 1 year withdrawal 376640 requested evening of 15.03.2020 was paid back today in full at 1530 Praise be as we head towards my number in the one year- 379182 !
I have had a steady stream of pay backs, (none PF) over recent weeks including nearly £1000 today.
This is good as no sell out fee involved and I will adjust/cancel my RYI from 2/4/2020 accordingly- so I keep my foot in the door in the 1 Year for now. Albeit minimally......
|
|
|
Post by ruralres66 on Apr 29, 2020 8:31:25 GMT
Higher education doesn't equate with wealth these days, particularly for certain professions and some postgraduate professions are very poorly paid. People say that tuition fees work in the US, but clearly they don't based on some or many reports. Society is supposed to benefit from everyone being educated, but is an educated person's voice heard these days? Society is now being required, by their US Campuses, to pay for academics and medical journalists to crowdfund to maintain their status and role (and crucially their independence) in Public Health and holding the powers that be to account (in this case in the UK.)
The following is a truly worthy cause the subject of which I am passionate about having both personal and professional experience for over 25 years dealing with post viral syndrome.... Never has the need for this type of academic work been more pressing. All very small donations would be gratefully received BUT of even more importance is the raising of awareness of what's going on behind the scenes in the UK in particular.......
'This is obviously a terrible time to be crowdfunding.
As in previous years, Berkeley had designated April as a month for campus projects to run campaigns on the university’s online crowdfunding platform—the last opportunity for the current academic year. Given the situation, the university has shortened but not cancelled the campaign. Some projects need to seek support before the next crowdfunding opportunity during the fall semester. In my case, the money I raised last year covers my salary and benefits through the fiscal/academic year ending on June 30th, so I am in the unfortunate position of having to crowdfund during a global pandemic.......'
|
|
|
Post by ruralres66 on Apr 29, 2020 8:19:09 GMT
And to throw something meaningful in to bulk this post out a bit, RS emailed me this morning (29/04/20) and confirmed they are still doing returns for requests made on the 12th March.Which market (s) are you interested in and which market did the 12th relate to please?
Forgive me, but lock down makes visiting this forum and this thread in particular one of the highlights of my day.... watching and waiting for my number to come up!
I feel like I did as a kid on the penny machines in the amusement arcade!!
Only this is not amusement, it's deadly serious..........but compulsive too. I have never been one for bingo I might add.
|
|
|
Post by ruralres66 on Apr 25, 2020 10:35:15 GMT
With all due respect, as I've posted elsewhere, this was never a savings account. Money that you might need imminently for an important purpose should never have been going into P2P lending. Even with the administrations, many people still don't seem to have woken up to what P2P is and the risks it entails. Maybe that will finally change after this crisis and we'll see a very different retail offering (or none at all). Also with all due respect, I have shown as much due diligence as possible, even going so far to attend information events in London as an 'ordinary lender' where I was able to question the CEO on specific matters.
I understand and have understood and have accepted calculated risks in P2P for 7 years. I also have a very diverse financial situation through both necessity and choice.
But, if I am to show due diligence in managing my affairs, I need some basic information.
I am not dependent on the RYI but have other investments to manage and plan for in both short and medium term. RS by conflating "more than a month" for RYI with likely outcome or possibility of months.....or two years ... or more.... I am unable to make informed decisions.
If it is possibly two years RS, tell me. I understand that they may hit the rocks before then.........
|
|