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Post by sannytwist on Aug 14, 2019 17:17:15 GMT
I've invested in this latest loan but only dipped my toes in it as l also have money lent to this borrower in his other loans on UB.
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Post by sannytwist on May 30, 2019 16:16:40 GMT
Take your hard earned money back from all MT loans while you still can. I said the same thing last year.
Knew this was coming from a long shot away.
Regards, Sannytwist
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Post by sannytwist on Apr 30, 2019 21:54:27 GMT
Think it might not be a bad idea cashing out when you only get 2 x loans since start of the week for £5 each.
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Post by sannytwist on Apr 30, 2019 21:50:57 GMT
Hi, does anyone else notice that UB is really slowing down now. Especially in the past 2 months, l noticed that my money is just sitting on UB account doing nothing. Some weeks you get 1 or 2 loans per day, even on the best days its not much better than that.
Regards, Sanny
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Post by sannytwist on Apr 23, 2019 16:01:10 GMT
Don't understand how its possible the lender think they can get lenders names and addresses. That is wrong on so many levels.
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Post by sannytwist on Mar 7, 2019 17:58:03 GMT
Hi all, l've opened a IFISA with UB.
-So now l can deposit to a maximum of £20k until april and any interest l receive will be tax free - What happens if my account goes over 20k ? do interest gained over 20k start to be charged interest.
If l decide to carry on with the UB IFISA next year, l will have 40k allowance to invest on UB loans to gain tax free interest rite?
Just want to be sure.
Sannytwist.
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Post by sannytwist on Aug 30, 2018 14:41:28 GMT
I resemble that remark - I'm slowly withdrawing because the cash drag and lowered rates make it look like a poor risk/reward proposition. Overall I probably will have gotten 5-6%, before tax, over the last year or thereabouts. I typically have/had £500 or thereabouts waiting to go in (or more recently, out), since logging in for smaller amounts is too time consuming, and I never managed to get more than £5k successfully deployed (to my own safety satisfaction). Too many buyers, not enough loans. I'm also in the same situation, last week l set all my loan limits to '£0' and started the process of withdrawing all my investments on UB. Since putting my money on this platform l have not really had much to say, the system works and not had any major problems with it. However, with the lowered interest rates and lack of loans, its just not worth my time. If there was a consistent stream of loans l would stay but no one is lending and the majority of loans are with the same selected few. Who knows, l maybe back in the future if they increased the rates back to normal but for now l have better pickings to be earned with my money. It was fun, onto the next chapter. Sanny
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Post by sannytwist on Aug 16, 2018 14:56:15 GMT
Hi, been rather pessimistic at the short term view of the p2p market with most of my funds being pulled out and now my funds r looking for a home. Most likely l'm looking to dip my toes into the precious metals area with what l personally think is some value. However, not looking to own the physical metals asset with the associated pros/cons.
Does anyone here invest into any precious metal etf's or alternatives?
Any opinion would be appreciated.
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Post by sannytwist on Aug 7, 2018 11:41:32 GMT
My overdue loans have significantly gone up , 23 now. Don't like it. Suppose its part of investing. Makes me nervous tho, just my personality.
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Post by sannytwist on Aug 1, 2018 22:14:51 GMT
I was one of the people that commented very negatively on this loan. Even saw the embarrassing language school website before it was pulled down. I didn't like this loan when it was first made available and disliked MT even more by allowing it to go through. If you go to the start of the thread u would see valuable comments which suggests this loan was fishy as hell.
Hopefully the loan LTV would mean that everyone gets their money back.
The quality of MT loans have noticeably dropped since last year, leading to my decision to pull all my investments for at least 6 months now. I would suggest those lenders that are still balls deep to play it safe as possible , money in the bank earning 1% is much better than lost money.
Good luck,
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Post by sannytwist on Jul 11, 2018 8:01:28 GMT
Got 12 overdue loans lol, and it is also increasing everyweek now. But l noticed that the past 2 weeks it has been really dead on UB. Anyone feel that this ship mite be sinking soon too lol
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Post by sannytwist on May 31, 2018 22:55:28 GMT
I started investing with Col at the very start when they were mainly focused on bling. It was great then with most of my money on different precious stones/ gold/ jewellery/cars etc. until they got heavily into property and they started raising the % rates, this is when l removed my few pennies and went to MT. When something seems to good to be true it usually is, they were giving like 14% interest when all other competitors were 10-12%.
MT was good until l wasn't happy with a few loans in a short period of time which they took that was very very fishy (at least to me). It was quickly highlighted by further investigation from the contributors on this forum most of these loans had pretty serious problems. I understand most people take p2p loans when mainstream loans are not avaliable and appreciate. The fact that MT failed to find out or neglect to inform investors really affected my confidence and from then on l just removed my investments all together. A few fishy loans were even given the all clear by MT which didn't sit well with me.
Here l am now with UB. To be honest, its not easy to put any substantial amount in anyway. Given A,B or C, maybe the bank is a better option until we have a clearer picture where p2p investments as a whole is going.
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Post by sannytwist on May 30, 2018 12:02:56 GMT
I find myself in similar situation. Actually think with the rate cuts it has reduced my interest to invest into this platform.
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Post by sannytwist on May 30, 2018 6:20:42 GMT
Hi, l was wondering what the overall opinion on unbolted. Been struggling to find a place to invest my pennies and while there has been a big deduction lately in interest rate how are people finding this platform?
Regards,
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Post by sannytwist on Jan 24, 2018 13:32:04 GMT
I've put a few pennies on this loan myself since the past few days when l noticed more and more parts becoming avaliable on the SM. In my opinion l also feel that its safer than any new loans, especially with the progress made and 13% interest. Going to be buying more later today and when my other funds become avaliable.
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