p2pmark
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Post by p2pmark on Jan 7, 2018 19:37:53 GMT
Alternative, you can log in directly to your IFISA account. You can do this by using your IFISA email, and then using the same password as used in your standard account.
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on Jan 6, 2018 14:34:21 GMT
If you want to invest in Euro I suggest Mintos, especially if you use loans with buyback guarantees.
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p2pmark
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Post by p2pmark on Jan 4, 2018 20:48:16 GMT
I joined a couple of weeks before they stopped fastest finger first I've a feeling that under the current system everybody will end up with approx £2000, unless they grow loan volume. I hope they don't go the property route for growth. I'm not sure I would be overly heartbroken at a platform recycling £2000 ish in fairly well secured loans and giving a modest income over a year with minimal maintenance. Getting 'big' seems to be when P2P sites become problematical, and usually starts with ill-advised expansion away from their core business. Personally I am just looking for the 'next unbolted', and more opportunity to spread money around. I agree from a lender perspective. Regrettably, I doubt Unbolted staying at this size is financially sustainable for them.
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p2pmark
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Post by p2pmark on Dec 28, 2017 17:22:53 GMT
Trying to work out the best way to transfer money between currencies I see some platforms like Mintos do this for a fee - is there a list of the fees and this economical? A quick search for sending foreign currency brought up the following comparison site that seems to give up to date exchange rates. Any other comparison sites?: www.moneysupermarket.com/current-accounts/international-money-transfer/This site gives some alternatives too www.moneysavingexpert.com/banking/foreign-currency-exchangeI have a foreign currency fee free Credit Card and noted that some sites allow credit card payments - anyone tried this and does it get logged as a purchase or a money transfer? Transferwise seems to be suggested frequently I suggest using currencyfair. They offer good rates, and low commission. There is also a new user bonus, worth 30 euro to the referrer and referee, if you invest 2k euro or more.
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p2pmark
Member of DD Central
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Post by p2pmark on Dec 27, 2017 8:42:20 GMT
"It's probably not illegal but quoting an APR based on immediate reinvestment which has never been available is misleading. I'd rather they quoted a realistic and achievable target rate - other sites do that (allowing for defaults etc)." Thanks for explaining that to p2pmark. Sometimes you have to spoon feed to those that think everyone plays with a straight bat. Don't forget they 'pulled' private investors in with the juicy 6.5% carrot that lasted about a week and then slid all the way down to 5.2%. But wait a minute, 5.2% isn't really 5.2% as the cash drag is huge, so yes it's a scam in my eyes. You are lucky to get 3% I reckon. I presume p2pmark is on the borrower side of this game, either that or is a charitable type chap. If not including cash drag in the headline rate is scammy, then pretty much every p2p operator is scammy. Cash drag seems to be a few days, making the actual return around 4.5%, so comparable to ratesetter (before taking into account potential cash drag with them). I'm a lender not a borrower. For what it's worth I doubt the return they offer is worth the risk, so I'll be leaving once I get my bonus. But I don't think they're scammy. If you dislike them so much why don't you leave? Given you think they're scammy you obviously wouldn't trust then to pay any bonuses (which make the true return you get much higher in any case).
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p2pmark
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Post by p2pmark on Dec 26, 2017 19:44:03 GMT
GS is a scam. They don't want you 'fully invested'. They are on the side of the borrower, hence the lowering of rates and an instant supply of lender cash - sat there for days on end earning jack ship. Unless you have evidence that they are doing something illegal then calling them a scam is way over the top. They simply face a "problem" of too much in the way of lender funds, and that drives down rates (or cash drag up). I agree there were problems earlier with them not telling you if your funds were stuck at the market rate, but that isn't scammy - that reflects a new business trying to find an appropriate model, and I don't see how they benefited from that anyway. Do you have evidence they're doing something illegal?
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p2pmark
Member of DD Central
Posts: 217
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Post by p2pmark on Dec 22, 2017 21:58:25 GMT
explorep2p, thanks for this - really high quality analysis. I think you need to update the link in your post.
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on Dec 12, 2017 18:59:14 GMT
I had a similar problem a while ago, and emailed them. Here was their reply:
"There is a display issue with the banner and it may be the case that it is not shown at all due to the complexity of the problem. I can see you have met all of the criteria therefore please take this as a written guarantee that you will receive the £100 credit within 2 weeks of qualifying. From looking into your account, your money was on loan from 16/01/2017 therefore you can expect to receive the £100 by 1st February 2017."
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on Dec 2, 2017 19:40:32 GMT
FundingSecure 17% (stable) Moneything 15% (stable) Collateral 14% (stable) Unbolted 13% (decreasing) Growth street 9% (stable) Mintos 8% (stable) ABLrate 6% (increasing) Ratesetter 5% (decreasing) Landbay 5% (stable) Kuflink 4% (stable) Proplend 4% (stable) Funding Circle 1% (increasing)
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on Nov 24, 2017 21:41:45 GMT
Ah, I see. Thanks a lot for your help.
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on Nov 24, 2017 21:03:57 GMT
Thanks. So, this is a bit of a loophole regarding the one IFISA subscription per year rule?
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on Nov 24, 2017 20:24:20 GMT
Sorry if this has been answered already, but I couldn't find anything on it.
Are you allowed to transfer this year's subscription to a stocks and shares ISA to an IFISA? (I know you can transfer previous year's.)
Thanks
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Proplend (PL)
Pipeline
Nov 24, 2017 19:23:52 GMT
Post by p2pmark on Nov 24, 2017 19:23:52 GMT
Grateful if somebody could send me a referral. Maybe r00lish67? Thanks
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on Nov 24, 2017 19:21:06 GMT
What is the loan exchange market like? Do loans come up often, and, if so, how long do they stay for? I assume there are no discounts are premiums?
Thanks
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on Nov 22, 2017 8:43:45 GMT
kuflink, do you know when there will be a new self-select loan available? I deposited fur the first time over the weekend and just missed the recent couple. Thanks
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