ali
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Post by ali on Jan 22, 2018 19:16:45 GMT
It's only for this loan MTBE924. But for all loan parts in that loan bought both before and after the offer.
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ali
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Post by ali on Jan 3, 2018 19:15:31 GMT
I did see this plot on a local developers website a few months ago. Sorry, after a quick check I couldn't find it again. Anyone know the developer? Both the borrower and the contractor (not sure which you mean) are detailed on the loan details on Moneything's website.
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ali
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Post by ali on Dec 30, 2017 10:23:10 GMT
Something odd seems to have happened. Its showing as repaid in Loans/My Loans but no entry in statement and pending is showing it renewing tomorrow but with a totally different number for the current loan MTAD733 (Same loan as assets are the same) No email received however. 733 is the private ID for MTAD617N. MoneyThing normally keep the private and public IDs in sync, but since the "New terms" loans share the same number as the loan they replaced, the private IDs are out of sync for these loans. I suspect either an automated process needed manual correction or somebody followed a documented process which hadn't been updated to take account of these loans.
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ali
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Post by ali on Dec 22, 2017 20:51:57 GMT
Latest newsletter I can find on email is from June 2017: A few months ago one of our investors suggested we introduce debtor limits to the autobidder. We had discussed this option with our team earlier, but now we decided to commit this into code. The debtor limit lets investors limit their exposure to any single debtor, thereby improving the diversification of investors' portfolios. For example: You bid size is 100 and you set your debtor limit to 500. Your portfolio already has 400 pounds worth of invoices that is due to be paid by Retail Goods Ltd (not a real name). If a new invoice goes on sale, your bidder will make a bid for 100 euros. However, if you portfolio has 500 pounds worth of invoices, no bids will be made. We're currently waiting for the lawyers to update the contracts. Once that is done, the new feature will go live! Data for June: Invoice discounting (United Kingdom)- month volume: £194,000
- historical annualised return: 13.24%
- average duration: 33 days
- repaid: 155 (out of 202 sold)
- overdue rate*: 0.70%
- default rate*: 0.72%
Invoice discounting (Estonia)- month volume: €710,000
- historical annualised return: 11.13%
- average duration: 33 days
- repaid: 576 (out of 667 sold)
- overdue rate*: 1.79%
- default rate*: 0.22%
* When an invoice is fully or partially overdue more than 45 days, the outstanding amount is counted as overdue. If more than 120 days have passed since the payment date, the outstanding amount is counted as defaulted. Regards, Team Investly
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ali
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Post by ali on Dec 17, 2017 7:30:45 GMT
Some valid points but in my case: 1. I can't use libxls as it not readily available in Python and Pandas I use. I'm limited to xlrd which is having issues with MT's file. It is 3rd party lib so I can't really fix it 2. xlrd supports xlsx so no issues here 3. I'm just a lazy programmer And don't want to deal with various encodings. If removing '£' is a problem then so be it. I already worked around it BTW text files are preferred/recommended if one wants to ensure it is compatible with all operating systems and software. I personally believe all platforms should provide CSV file first and then XLS should be a bonus. I'm far too old to use Python but UTF-8 is the default encoding on Linux so I handled the £ just like any other character: if (!strcmp(field,"Amount(£)") || !strcmp(field,"Loan part(£)")) cols[C_AMOUNT]=i; CSV suffers from a lack of standardisation. RFC 4180 is a good attempt, but you will find that many platforms don't conform to it. Personally, I'd prefer that the industry got together and defined a standard XML schema which all the platforms used, with their own extensions defined in their own name spaces. I'd also like a pony for Christmas and the moon on a stick.
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ali
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Post by ali on Dec 15, 2017 15:27:32 GMT
MoneyThing : Would it be possible to have statement export as plain text .CSV file on top of (or instead) existing Excel file? The reason is I'm working on a piece of software to process statements that will be platform independent and to read this file in Linux/Mac is a pain. Edit: And also please don't use any non-ascii characters like you have in column headers "Amount(£)" Can I point you at libxls, which I use for this very purpose: sourceforge.net/projects/libxlsIf you're wanting to support other platforms as well, you will no doubt find you need to support .xlsx in time as well: brechtsanders.github.io/xlsxio/Surely if you have a problem with handling UTF-8 characters in your software, you should fix your software rather than expect everyone else to cope with some ASCII fudge for your benefit (and yes, my software handles them quite happily).
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ali
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Post by ali on Dec 8, 2017 17:43:58 GMT
That might work, but the correct answer, IMO, is for folks to not use those kind of bulk emailers. The problem is that they are sending stuff out for 1001 different companies, and google treats them (all) based on the aggregate I believe. Yeah, I want to be totally disengaged from sundry marketing campaigns, but I want the damn emails from my bank, P2P company, and credit card supplier to arrive regardless of how 'disengaged' I (or others) appear to be with the general stream of junk from that particular IP address. If it shows up as 'graymail', at least it DOES show up .. silently dropping it is deeply uncool. Send your own email, yea even marketing stuff (managing a circulation list is not rocket science). And if someone DOES drop offline for a couple of weeks, how about a periodic prod once a month or something to see if BT have mended their phone line yet (that happens too!) .. or write to their postal address (which is what my BSoc eventually managed to do .. although getting emails turned back on was still non-trivial). I hear what you're saying, but running a bulk emailer isn't a trivial task. Sure, MT and others could install a copy of GNU Mailman and configure it easily enough, but that's only the very beginning of doing it properly in a business critical environment. I've run a number of mailing lists myself, but if I worked for MT I'd tell them to outsource. Perhaps what's needed is two different products: one for promotions and one for messages that may contain regulatory information and must be delivered if at all possible. Quite how that might work, I've got no idea.
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ali
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Post by ali on Dec 8, 2017 17:01:02 GMT
Seems to me to be a bit of a stalemate position. Seems the me the "correct" answer is that if the bulk emailer determines that the recipient might be unengaged, they should send a final message telling the recipient this and explaining that no more email will be sent unless the user clicks on a provided link to assert that they wish to continue to receive email from this source even if the bulk emailer can't see that the messages have been read. If the recipient truely is unengaged, they won't see the email and won't click the link.
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ali
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Post by ali on Dec 8, 2017 16:39:57 GMT
You are not alone in having trouble with these bulk-emailers .. both RS and SS (now Ly) stopped emailing me (or rather their supplier did) after a couple of emails bounced (my ISP decided to block them, since they'd been forwarded, so yes, for a few days the email address really was not functional). Getting it turned back on involved persuading the P2P platform to actually go check what their provider was doing ( MoneyThing at least seem to know) and then figuring out what box to tick in which web page screen to turn a particular email address back on. The whole 'nobody read them so lets stop sending them' thing is a step too far, IMO .. just keep sending them, until/unless someone actually complains about it .. the problem seems to be that the bulk emailers are petrified of getting on some spam-blocklist, which would upend their business .. 'failure to deliver' frequently gets by unnoticed. Acknowledged. Having looked at a number of providers, most now have seemed to move into the (if we don't think you have received the last X emails from our system then you will be put into the 'Unengaged' basket and you cannot be emailed again). I understand that most providers are heading this way but having investigated a number of users over the last few days, it is clear that they have been opening emails in the past which the system reports that they hadn't. At the moment, our old provider has not added in this 'feature' as yet and you can just send out emails to all until such time as they unsubscribe, however I understand that they too are also going down this route in due course as it is becoming 'industry best practice'. That's because email has no standard means to tell if the recipient has opened the email or not. Bulk emailers, like spammers, like to try and find some way of finding out whether that be via headers that it hopes the email client will honour or via web-bugs that spot the email client fetching a particular image to display as part of the message. However, many email clients value their users privacy and take steps to avoid such traps. "Best practice" or not, this is never going to work.
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ali
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Post by ali on Dec 8, 2017 16:02:17 GMT
Aha! Just got a "MoneyThing - PIPELINE" email - first email since the pipeline email of Dec 2nd. Likewise!
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ali
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Post by ali on Nov 29, 2017 10:15:43 GMT
Notified that 3 of my gold loans have been put for sale through agents to recover overdues. Lets hope the gold price is well up when settlement takes place. Shouldn't make any difference, should it? Any surplus will go to the borrower and any deficit should be covered by the gold trust. At least, that's what I understood.
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ali
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Post by ali on Nov 22, 2017 17:58:03 GMT
I am looking for a different P2P lender to try and was hoping to get an idea of the advantages and disadvantages of FundingSecure over other P2P platforms. What are the main pluses of this platform and, conversely, what are the things to watch out for? I am currently with ABLrate, AssetzCapital, Collateral, Moneything and Lendy (as well as having a LendingCrowd account with only defaults in it and a FundingCircle account that is running down organically (also with defaults but some loans just running down)). FundingSecure seems to be mainly property with some being BTL but does it do other stuff as well and how is it regarding handling of late payments and defaults? Any other useful pluses or minuses would also be gratefully appreciated. Many thanks (in anticipation) edit - there is a niggling thought in my head that I was avoiding FS for a reason and I think it might be to do with how sales and purchases on the secondary market are handled as far as tax reporting - was that this platform or am I getting it muddled with another? I like FundingSecure. Main advantages: excellent deal flow, very active & liquid SM, some very decent returns on lower risk loans. Main disadvantages: poor monitoring of development projects, very varied loan risk profiles, somewhat varied loan interest rates (as low as 8% recently). The tax setup on the SM is more complicated than many platforms. It does take some effort to get your head round (well, it did for me anyway). I think it's worth it for the advantages it gives.
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ali
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Post by ali on Nov 18, 2017 22:03:36 GMT
has CB for this been paid yet? Nope. Not drawn down yet.
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ali
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Post by ali on Nov 18, 2017 10:59:24 GMT
I see your point about the autoinvestor although probably it would be better to have control based on both the buyer and seller credit rating. It looks like you are in the same 3 defaulted loans from the same buyer/seller as I am. I'm also looking at a loss if anything under 75% is recovered and the prognosis looks a lot worse than that. In this case they are both AA rated so it wouldn't have helped. Fortunately it is only a small proportion of my investments overall and I have cashed out all other funds since then. The biggest annoyance is that there was no possibility to exclude companies that you have already funded so I managed to pick up all three of their invoices. Also due to the over subscription of most loans, I found it impossible to break the investments into small enough chunks to avoid risking more than my total profit on each loan and to stay invested at the same time. You make a very good point. kristjan can you please tweak the autobidder so that we don't invest into multiple invoices from the same seller? Now that would be very useful. Even better, have a limit on how much exposure to any one seller.
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ali
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FundingSecure (FS) in Administration
Web Site down
Nov 17, 2017 18:22:39 GMT
Post by ali on Nov 17, 2017 18:22:39 GMT
We have only had two reports of issues - one relating to Chrome and one to Firefox. If it was widespread we would have expected a lot more reports. Interestingly the Firefox user later confirmed it had only started today - after an update of Firefox - and that they apparently had no problem using Chrome. Will investigate further to try and resolve the annoyance FundingSecure The issue I am seeing (which is only with the login timeouts) started happening at the same time your web site went down for a while. I'm currently running Firefox ESR 52.4.0 under CentOS 6. The update log says that firefox 52.4.0 was installed on 30th September so it doesn't look like that was the trigger. I've emailed you a log of the issue.
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