xtab
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Post by xtab on Dec 5, 2019 20:35:48 GMT
I'm beginning to wonder if it's legit too I see that it purports to come from Yamoosemail - and a google search doesn't produce anything meaningful about them.
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xtab
Posts: 41
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Post by xtab on Dec 5, 2019 20:17:37 GMT
I keep getting a "Site can't be reached" error messages when I try and download the attachment sent by the Administrators in their email of 5:56pm today.
Has anyone else had this problem?
I did try logging into the FS website to see if it was available directly from there, but doesn't seem to be.
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xtab
Posts: 41
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Post by xtab on Aug 1, 2019 15:27:55 GMT
It does seem to be a regular 1st of the month thing, doesn't it? My heart always sinks these days when I see notices like that. As a COL and L investor, my trust inthe platform is at an all time low!
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xtab
Posts: 41
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Post by xtab on Feb 23, 2019 8:29:27 GMT
Happy to receive their email. And although I'm sure some cynics won't be won over by the tone of it, I think it's good that they're making it so very clear that they know the depth of frustration of many of their lenders and are doing their best to mend their ways.
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xtab
Posts: 41
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Post by xtab on Feb 20, 2019 14:53:54 GMT
Suprised the fat boy hasn't approached Lendy or FS for the cash. My first reaction on reading that was to LOL. But then I realised that if he had, there's a good chance that the request would pass their "rigorous DD checks".
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xtab
Posts: 41
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Post by xtab on Feb 20, 2019 14:38:51 GMT
. Do you actually know anyone who wanted to remain in either arrangement yet still voted to leave?! I'm afraid it's an illogical argument deployed by those on the losing side. Incredibly, I do. A friend of mine confessed that he thought we should remain, but also wanted to flag up his unhappiness with the EU. So, as he was so sure the Remain vote would win, he voted Leave. Now, there's an illogical argument for you!
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xtab
Posts: 41
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Post by xtab on Feb 20, 2019 14:26:24 GMT
Pleased to hear it. If you became a mini-AC some of us would be desperate for another platform. If "scaling the business" will bring more borrowers to the platform without bringing rates down to below 9% I would probably relocate a proportion of my funds from AC to Abl. Last time I've checked, AC had 18% of my p2p "allowance" and Abl only 4%. Would've liked to slightly rebalance this. Although originally attracted by the high headline rates of platforms like FS, L*y, MT and FC, my rough calculations are showing that my investments in lower interest % platforms have paid off better overall. That's because of the lower defaults, of course. So I'm similarly slowly reducing my holdings in those four and reinvesting in platforms like Abl, AC and Kflk, amongst others. It'll be interesting to see the long term results of this change.
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xtab
Posts: 41
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Post by xtab on Feb 20, 2019 14:15:34 GMT
Me too, but there have been quite a lot of times when I've been drawn in by the 'latest rates' boxes looking really attractive, but then once I've logged in, find that the current rate is way below that historic one.
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xtab
Posts: 41
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Post by xtab on Feb 20, 2019 14:08:01 GMT
I sold out all the old FC loans I could, left things for a few months and then started to dripfeed back in after they changed to the autoinvest model. So far not doing so bad.
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xtab
Posts: 41
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Post by xtab on Feb 19, 2019 20:33:25 GMT
I got an email update today.
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xtab
Posts: 41
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Post by xtab on Feb 19, 2019 20:30:02 GMT
I'm pretty sure my windows 7 is still getting sec updates until next Jan 2020 well it was the last time i looked. The answer from the horses mouth can be found here:
The above link includes the exact definition of exactly "what" you are getting in the Extended Support period (to save you the time looking for it, the table is here support.microsoft.com/en-us/help/14085)
It seems MS have already changed the page on your second link as I'm getting a 404 on that. If I've understood the info on the first link, and followed through to the FAQs page, I think the support might run until January 2020. Is that your understanding?
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xtab
Posts: 41
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Post by xtab on Feb 19, 2019 18:05:02 GMT
I believe they are proportional to what you ask for, or available cash, whichever is smaller, which is why investors tend to have some fairly significant cash drag, because they have to keep a largish 'float' in the account to get reasonable bite at new loans. May be better since the rate drop, which caused some folks to decide to run down/out, leaving more for the rest. I don't see any big pick up in loan origination rate though.
Yes, we established that, can't remember when and what thread, but it was before the rate drop. I haven't change my average float since then and seen an increase in size of my allocations, most likely because some folks decided to exit. At the time I kept my limits for PT/GT at £800 until I had a surprise - one of PT's grabbed £214 which almost emptied my float. Since then I capped them to £200, don't want to be too greedy I doubt there will be any dramatic changes in origination, I don't think bling lending is ever going to expand, but it's good to see that UB provides a stable flow (unlike FS, MT and "Collapse"). I found that by upping the limit to what I thought were almost ridiculous levels (far more than the current float), I seemed to be getting a better allocation. I'm just starting to get a bit twitchy about the number of loans on watches, so am mostly weighting the allocation towards the Gold side now.
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xtab
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Post by xtab on Feb 19, 2019 17:52:51 GMT
new email from HCR. Don't know what the F they are doing. Doesnt say anything new but seems to me, they really want us to engage them. Lots of lovely monthly payments while it drags on - I'm sure they want as many signed up as they can get!
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xtab
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Post by xtab on Feb 19, 2019 17:46:15 GMT
A number of posters in the recent past seemed to indicate that they had been talking to some other legal firms with a view to instructing them jointly (as an alternative to HCR). Please could those posters let us know how they are getting on as frankly, i'd quite like an alternative to HCR. I have started talking to a London based firm (early days) but will keep you all posted about this. It really is clear to me that we need some choices and to actually seize the initiative on this from both L and the Borrower. There are some 5,000 of us so we really can muster some serious firepower.Hi there, Yes I would welcome an update on other options. I am feeling in danger of being left out: I have £50 in one of the loans. I've been a member of this forum for several years (you can check!) but my post count is too low to join the DD, or even to send private messages to other posters. There was someone on here a while ago investigating no-win-no-fee solicitors and asking for a show of hands. I couldn't PM him, and he didn't respond to my request for a PM from him. He might have thought I was a bit suspect because of my low post count?? I would really welcome a private board that was open to genuine investors in these loans, but that didn't exclude newer posters, or those with longer standing but a low post count. I guess the alternative is to roam around the different boards here making random pointless posts to get my post count above the threshold, but I'd rather not do that. It feels tacky, but in the same position as you, that's exactly what I'm doing. (And now that's one more closer to the magical 50 target!)
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xtab
Posts: 41
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Post by xtab on Feb 19, 2019 17:43:32 GMT
Would you not need to be sure those hands were connected to an arm belonging to somebody invested in the loan? This is a risk indeed, but thinking it through does that really matter? Unless I've totally misunderstood, only those who have actually lent would be in a position to enter such a claim, surely? (The nonsensical, highly theoretical possibility of all L*y lenders being targeted by the borrower is another thing altogether)
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