littonowl
Member of DD Central
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Likes: 355
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Post by littonowl on Jun 16, 2021 10:57:58 GMT
Has anyone managed to login? I just keep going around in circles between the announcement of closure and the login page. Having the same problem, when I log in with the correct details, it instead keeps offering me to sign up (to a now defunct website!? ). Was always a dreadful website, and this isn't the first time I've encountered this issue, pleased to see that some things don't change...
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littonowl
Member of DD Central
Posts: 398
Likes: 355
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Post by littonowl on May 15, 2021 13:45:24 GMT
Thanks, duck Received and duly sent to my MP. Keep up the great work, it’s much appreciated...!
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littonowl
Member of DD Central
Posts: 398
Likes: 355
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Post by littonowl on May 14, 2021 21:45:43 GMT
Hi duckJust catching up on events having been reminded today of the Col nightmare by the P2P Finance News email. Would like to thank you and your ‘lings for all your efforts on behalf of us investors. If it’s not too late, please could you pm me the details and I’ll happily add my support and contact my MP. BR LittonOwl
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littonowl
Member of DD Central
Posts: 398
Likes: 355
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Post by littonowl on Feb 12, 2019 11:40:44 GMT
A little late to the party, but I've also lodged my complaint with the FCA and written to the TSC this morning too. Thanks to duck for all his/her hard work and research on this.
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littonowl
Member of DD Central
Posts: 398
Likes: 355
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Post by littonowl on Feb 12, 2019 10:41:45 GMT
As others have said, they are part of a much wider and established investment bank, who also have skin in the game, investing 5% in every loan they offer. Interests are aligned therefore and LTV is reasonably low as an additional level of security. From a personal perspective, I like the ease of investment, the fact that you can choose to re-invest interest or have it paid into your bank account each month, and the communication from the company reps on here in the past has always been pretty good too. Well I am not happy with my investment in OC, the level of diversification has been an ongoing issue that has been raised with OC multiple times, yet despite the promises of 60 loans to invest in, they appear to be investing funds into the same existing loans already held. Bit of an old quote there, keystone ! :-) In fact my opinion is much closer to yours nowadays, as I've alluded to on another octopus thread...In fact, so much so, that I recently sold out (well, sold out of all the funds I was able to anyway!). Ironically, my two biggest allocated properties, are both part of the dozen or so that are currently in default/overdue etc., so I get totally where you're coming from, re: diversification too.
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littonowl
Member of DD Central
Posts: 398
Likes: 355
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Post by littonowl on Jan 17, 2019 16:22:36 GMT
Thanks, ilmoro. I've just checked my father's account and his is even worse at 73%! Wondering if this is an early warning sign of a likely rise in 'problem' loans, a symptom of having an account for a longer period, or just plain bad luck. Either way, I'm really wishing I hadn't recommended them to him now... Is the issue related to multiple loans or just one/same loan across the accounts as far as details allow determination?. I have three loans currently frozen, the collection, a late (which forms the bulk of the frozen funds) and an overdue. Relatively small investment & all since April, as I sell out/reinvest around tax year for ISA reasons, so I suspect I am less diversified (c50 loans) In my p/f, I have 2 in collection, 2 late and 10 overterm (out of a p/f off 114 loans).
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littonowl
Member of DD Central
Posts: 398
Likes: 355
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Post by littonowl on Jan 17, 2019 16:19:29 GMT
Just noticed I'm now only able to withdraw 83.03% of my funds, which is a big cut on where I was this time last month, and wipes out all the interest I've had over the last 2 or so years and then some! Anyone else seeing similar? Do you have money waiting to be invested? This doesn't seem to be included in the % available for withdrawal. I'm in over half of the current loans and have seen no new problem loans in the last month. No, both accounts are fully invested. However, on drilling down into the portfolios, it would seem that the biggest loans in both accounts are now in overterm, in my case one loan accounting for 5.6% of my overall p/f value. Incidentally, I forgot about an ISA account that I also set up for my mother, which is still sat happily at 95%, so seems it probably is down to luck and diversification at the time of investment (despite my best attempts to drip-feed over a period of time).
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littonowl
Member of DD Central
Posts: 398
Likes: 355
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Post by littonowl on Jan 17, 2019 14:48:02 GMT
Just noticed I'm now only able to withdraw 83.03% of my funds, which is a big cut on where I was this time last month, and wipes out all the interest I've had over the last 2 or so years and then some! Anyone else seeing similar? 94%, not sure how that compares to last month. Do have 62p in collection which is a first. Thanks, ilmoro. I've just checked my father's account and his is even worse at 73%! Wondering if this is an early warning sign of a likely rise in 'problem' loans, a symptom of having an account for a longer period, or just plain bad luck. Either way, I'm really wishing I hadn't recommended them to him now...
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littonowl
Member of DD Central
Posts: 398
Likes: 355
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Post by littonowl on Jan 17, 2019 14:30:04 GMT
Just noticed I'm now only able to withdraw 83.03% of my funds, which is a big cut on where I was this time last month, and wipes out all the interest I've had over the last 2 or so years and then some! Anyone else seeing similar?
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littonowl
Member of DD Central
Posts: 398
Likes: 355
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Post by littonowl on Aug 14, 2018 19:44:47 GMT
Word of warning, but I'd be wary of assuming Unbolted's Tax statement is accurate. My breakdown appears way out, certainly compared to the interest I've recorded as being received each month. Anyone else find their figures don't bear any resemblance to Unb's? I note Unb state that ' Although we have made every effort to ensure the accuracy of these figures, we cannot provide any guarantee. Please note that Unbolted cannot be held liable for any use of, or the inability to use, this information.' Bit of a cop out if you ask me, but then again, I guess I should be used to that by now from this industry. accrued versus actually paid interest? Don’t think so, as I recorded my interest paid figure at the end of each month on a spreadsheet and the Unbolted figure is way below these tallies..
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littonowl
Member of DD Central
Posts: 398
Likes: 355
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Post by littonowl on Aug 14, 2018 16:14:52 GMT
Word of warning, but I'd be wary of assuming Unbolted's Tax statement is accurate. My breakdown appears way out, certainly compared to the interest I've recorded as being received each month. Anyone else find their figures don't bear any resemblance to Unb's?
I note Unb state that 'Although we have made every effort to ensure the accuracy of these figures, we cannot provide any guarantee. Please note that Unbolted cannot be held liable for any use of, or the inability to use, this information.'
Bit of a cop out if you ask me, but then again, I guess I should be used to that by now from this industry.
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littonowl
Member of DD Central
Posts: 398
Likes: 355
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Post by littonowl on Aug 7, 2018 18:54:56 GMT
Received an email tonight offering guaranteed rental yield on Stanmore of 9% for 2 years!
That should help it get closer to completion - I'll probably put my uninvested income back into it now..
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littonowl
Member of DD Central
Posts: 398
Likes: 355
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Post by littonowl on May 17, 2018 8:58:28 GMT
I will certainly not be investing cash in the unprotected loans any more. OK, they have been doing a reasonable job on recovering defaulted loans that are provision funded, but I'm not sure I've seen any *unprotected* loans default and be recovered, so there seems little supporting data to justify cutting rates there. 5.1% on 30day AC seems a far better risk/reward ratio. Yep. Considering the cash drag you have to suffer at Unb, just to maintain your current rate of investment, the real rate of return is even closer tot he new AC rates. And you can sell up immediately/within 30 days over there... Yet another platform wanting investors to fund their business/take all the risks, while they reap the vast majority of any rewards.
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littonowl
Member of DD Central
Posts: 398
Likes: 355
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Post by littonowl on Mar 1, 2018 23:35:31 GMT
With losses of 294k in 2016 and 82k in 2015 I'd say the writing was on the wall for a while. Normal for P2P companies. I think Lendy is the only one making money so far! AC too...
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littonowl
Member of DD Central
Posts: 398
Likes: 355
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Post by littonowl on Jan 24, 2018 16:40:19 GMT
Unfortunately found the site impossible to navigate round on my desktop (has it been designed with mobiles in mind?) so can't see if the default info has been updated, but I currently have 5 in my p/f...
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