theshape
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MoneyThing (MT) in Administration
Renew All
Jun 25, 2017 14:10:00 GMT
david42 likes this
Post by theshape on Jun 25, 2017 14:10:00 GMT
Could that be because the CSP loans have already renewed? The CSP loans renewed on 16 June. If you ticked the "renew all" box before 16 June, I don't know whether the tick rolls across to the new loan. I ticked the 'renew all' box before 16 June and the tick box remains ticked for me on the CSP loans following renewal.
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theshape
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Lending Works (LW)
ISA delays
Jun 25, 2017 13:13:16 GMT
Post by theshape on Jun 25, 2017 13:13:16 GMT
Reinvested funds take priority so you have to take the estimate as a very rough guide as funds can join the queue ahead of you. I have found that you can move backwards in the queue only to then jump forwards significantly. A five day wait is much shorter than the wait times that were estimated at some points earlier in the year.
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theshape
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Post by theshape on Jun 20, 2017 23:02:54 GMT
theres a 13% loan with some administrative problems on the borrowers' side. ive been trying to sell a loan for the past 3 weeks, but no takers. maybe MT should not bring out new loans so soon? There's been a fair amount of purchases made today and I expect that will continue tomorrow. Your loan part may well sell in the next few days but if no-one wants it you may have to hold it to term.
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theshape
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Post by theshape on Jun 14, 2017 21:51:07 GMT
A £45,525.00 bid 14/06/2017 19:02:43 during the 24h £400 bid restriction. Must be an investor in BPF698 belatedly ticking the renew box? Think this needs an explanation from MoneyThing as it has been stated £400 bid limit Think it's been resolved. Now showing on the loans page with £45,525.00 available.
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theshape
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Post by theshape on Jun 12, 2017 16:27:48 GMT
Uptlift in SM to 1.6M, Prest still looking good (altho must be tempting to give up the 8 quid to make sure - esp if others try to pre-empt your listing!). There should be ca £1.4m from Bolton and the Lambo repaid any day so it will be interesting to see how much of that stays on the platform. But also a further £400k of further advances of Wigan and Plymouth. Be interesting to see what goes and what is left untouched.
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theshape
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Post by theshape on Jun 10, 2017 21:55:48 GMT
Do you find the hour prior to renewals 8am to 9am the best time to pick up non-property loans? I guess I'd also sell the redeeming loans if I had an idea when I could re-invest. I've usually had to keep the Collateral page open on a second screen on days where I've spent a long time online in order to catch non-property loans on the SM. I'm not certain it's the best time but there's usually some availability, and quite often in the hour following as people shuffle their portfolios. If you find them disappearing quicker than normal you'll wish you hadn't mentioned it . I've probably not noticed previously as 8am-9am is commuting/getting into work time and 9am-10am a busier time and/or a bit early for skiving off.
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theshape
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Post by theshape on Jun 10, 2017 21:44:26 GMT
What about the property-based loan parts? What is your typical selling time, and which types/kinds are the fastest-selling ones? I don't hold any non-property loan parts on COL. My avatar is a clue, I like my shiny stuff I presume that's what you meant. I only hold a few, typically where the money from a redemption has sat around with no sign of any shiny stuff so I put it against a property loan rather than have it earning no interest.
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theshape
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Post by theshape on Jun 10, 2017 21:38:49 GMT
What is the rationale behind selling the loans that will be redeemed? Why not just wait until redemption? I tend to use the cash generated to invest in renewals or longer-dated non-property loans typically listed in the hour prior to renewals. I'm giving up, at most, 7 days interest and I get to be in control of when I offload the loan. I guess I'm a little more concerned by those scheduled to redeem than renewals (perhaps irrationally!) Do you find the hour prior to renewals 8am to 9am the best time to pick up non-property loans? I guess I'd also sell the redeeming loans if I had an idea when I could re-invest. I've usually had to keep the Collateral page open on a second screen on days where I've spent a long time online in order to catch non-property loans on the SM.
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theshape
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Post by theshape on Jun 10, 2017 21:07:10 GMT
What has been your typical selling time for your loan parts on SM ? Which loan types would you recommend as the fastest-selling on SM ? Non-property loan parts sell within seconds or minutes, sometimes those odd pence loan parts will hang around for as long as an hour or two! I can't see this changing as the number of account holders grows and so does the property loan origination to feed them. I sell loan parts to be redeemed as soon as Gordon announces them on a Friday, and even those (with less than 7 days remaining) sell within seconds. What is the rationale behind selling the loans that will be redeemed? Why not just wait until redemption?
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theshape
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Post by theshape on Jun 6, 2017 22:23:11 GMT
It's where about 10% of my p2p investments are invested. It's providing a modest return but higher than the options I have in current/savings accounts. It's also somewhat hands-off as opposed to the p2p sites that I use where current returns are between 7 and 12%.
There usually isn't anything going on that seems to require discussion.
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theshape
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Post by theshape on Jun 4, 2017 8:46:24 GMT
I made a transfer on Wednesday that was credited very quickly, certainly less than three minutes.
Is there a cut off time after which deposits are not processed until the the next day?
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theshape
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Post by theshape on Jun 3, 2017 16:04:56 GMT
I had a thought this afternoon that I would be interested to look at my list of repaid loans and see what loans I had outstanding or were available from the same borrowers.
I know that past performance is not necessarily a good guide to future performance but I thought it might be interesting to see which borrowers were particular active or had history in repaying loans quickly/before term, especially the property loans and caravans. A lot of the bling seems to renew anyway.
I can't see the borrower ID listed anywhere in either the general Completed Loans list or my own Repaid Loans list. Is there somewhere I can find these borrower IDs or is the only way to keep a spreadsheet going forward?
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theshape
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Likes: 109
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Collateral (COL) in Liquidation
Renewals
Jun 3, 2017 9:53:58 GMT
elliotn likes this
Post by theshape on Jun 3, 2017 9:53:58 GMT
Did BB00286 have any availability this morning? I saw it on the renewal tab last night with no availability and meant to check this morning but didn't wake until 9:15.
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theshape
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Post by theshape on Jun 1, 2017 18:29:59 GMT
I was a reluctant and quite late arrival at the smartphone party. Now on my second which I recently got having had the first for about 2 and half years. I've kept in the budget territory: paying £15 pm of which £5.50 pm is for the phone on 2 year contract. I woild have bought it upfront but didn't work out any cheaper: In fact would have been more expensive (go figure). Perhaps with shopping around I could have got better deal on contract but at least I'm not in the £30-50 pm category by going for the latest and greatest. My girlfriend's daughter pays approx £75 pm for her mobile contract (expensive phone and very high data allowance). Back on topic, around £60-70 p2p interest last month, expecting approx £130 this month. I earn approx £1700 pm.
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theshape
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Post by theshape on Jun 1, 2017 17:48:44 GMT
£180 for a phone, are you @@@? £180 for a smartphone is strictly budget phone territory. Mine cost me £299 for a mid-range smartphone that was significantly discounted below its usual price of approx £430. £15 pm for calls/texts/data. But for that price I can make the usual calls and texts. I can email from it. I can use Facebook messenger etc, take photos and videos and share them if I wish with friends and family. I can stream music through it and s end it to my stereo at home or the music system in m y car. I've got mobile banking apps that allow me to easily manage 14 current accounts (15 if M&S sort their app out) and multiple savings accounts.
The vast majority of my p2p investments have been made through my smartphone. I don't have the option of being logged in to my p2p accounts on my work computer so my smartphone allows me to take part at go live or loan renewal times.
Not even scratched the surface of what can be done with a smartphone. The computing power that is packed into such a small portable device is phenomenal.
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