rs
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Post by rs on Sept 24, 2021 16:39:29 GMT
the Government says no shortages I needed petrol as down to 100 miles of range, queues at every station here in south Wales. Watched the young ( mid 20’s ) woman in front of me fill up and it literally took less than a minute. When I got to the pump she’d put less than £4 into a Range Rover - Probably used that much driving to station filling up and driving home again. Seemed to be a lot of people putting £5 or £10 in, do these people not realise that a) People see a queue for fuel and will join it b) If everyone fills the tank when they normally run it at 1/2 that will cause shortages, and it is often the people who need it ( delivery drivers, NHS staff etc ) who don't have the time during the day to fill up who will not be able to get it. I will say most of the people in the queue were 50+, and store staff were diverting shoppers to a back entrance to the car park to avoid the queue Another point of interest the fuel price was up 3p a litre since last weekend, feels like profiteering to me. Oh dear. If shortage has got to S Wales, i'm going to go now & fill up my tank & jerry.
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rs
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Post by rs on Sept 1, 2021 17:33:52 GMT
As suggested, I want to understand the figures on my account summary. We have:
Available Cash £cc.cc
Lending £L,LLL.LL
Loans 127
Max Exposure e.e%
Expected Return y.y%
Total Net Earnings £t,ttt.tt
Total Rate of Return r.r%
Bad Debt £bbb.bb
when 'bb' goes up/down is it 'tt' that moves in sync, while 'LL' is unaffected?
Thanks
I think 'tt' is the total of your interest repayments, so it shouldn't go down, but can go up when recoveries come in (so not exactly in sink). 'LL' can be affected when 'bb' goes up. That's my understanding, but I might be wrong. I think you're wrong df. TT should move up & down in sinc with bb. The lending crowd website does say this if you scroll on top of 'total net earnings'.
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rs
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Post by rs on Jun 10, 2021 7:37:29 GMT
Proplend also told me that for this loan you can only sell £2k on the SM. You won't be allowed to sell £1k on SM. Hopefully Proplend change their minds about this later.
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rs
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Post by rs on Apr 14, 2021 16:56:05 GMT
I didn't apply via the new system until this loan because the new system combined with the small caps didn't seem to make it worthwhile for all the pfaffing around. I'll stay well clear going forward. Not worth all the hassle of transferring money to Proplend in preparation for loans, and then having to return it to one's bank account when one inevitably doesn't get an allocation (I don't leave thousands of pounds of money lying around for days on end with any P2P platform, as they can go bust overnight, as has happened time and again, most recently with The House Crowd). If a platform doesn't even want to give a £1k allocation into a loan, then it's not worth it. Spal**** mi*** u** (A & B tranche) going live this week at some point. Auto lend has just run on this.
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rs
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Post by rs on Mar 30, 2021 15:30:44 GMT
Lucky you! That'll be the "Investment Order Confirmation" email. I haven't received an email even though I'm still an 'Always-On' client for Auto-Lend, which means that my funds have not been allocated a slice of the loan. So it conforms to the current pattern of allocating funds to every other loan as they become available. I'll probably get a slice of the next loan in the pipeline and you probably won't! (Unless it's a large loan.) See the thread about Auto-Lend 2.0 here: p2pindependentforum.com/thread/18414/auto-lend-2-plProplend website shows Cas*** Va** Gara** as fully funded (both tranches all gone). Strange. Did'nt even get an email from Proplend about this fully funded loan. The Cas*** Va** Gara** loan disappeared from the funding page now. Teething problems i suspect.
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rs
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Post by rs on Mar 30, 2021 15:24:49 GMT
Just received email to say I have picked up £1k of Twickenham loan. Lucky you! That'll be the "Investment Order Confirmation" email. I haven't received an email even though I'm still an 'Always-On' client for Auto-Lend, which means that my funds have not been allocated a slice of the loan. So it conforms to the current pattern of allocating funds to every other loan as they become available. I'll probably get a slice of the next loan in the pipeline and you probably won't! (Unless it's a large loan.) See the thread about Auto-Lend 2.0 here: p2pindependentforum.com/thread/18414/auto-lend-2-plProplend website shows Cas*** Va** Gara** as fully funded (both tranches all gone). Strange. Did'nt even get an email from Proplend about this fully funded loan.
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rs
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Post by rs on Mar 30, 2021 11:05:27 GMT
Thank you for all your helpful replies. I invested this morning, and phoned them direct with a few more questions. They were very helpful and said I should be fully invested within about 6 weeks. Will be interesting to see if that is true. For you to fully invest £20k in 6 weeks would mean Proplend would need to do 3 loans per week. Normally there is a £1k maximum per loan per tranche for each lender. I'm not sure 6 weeks is realistic but maybe Proplend have a lot of loans and large loans going live over the next few weeks.
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rs
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Post by rs on Mar 24, 2021 18:47:07 GMT
Can anyone tell me what will happen when a loan is redeemed (or sold early).
Will AutoLend be turned off as was the case previously to prevent funds being re-invested?
Unfortunately, you'll need to turn off autolend off. But you will not be allowed to turn it on for a month. Autolend will choose any tranche A within the limit you set from primary & secondary market.
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rs
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Post by rs on Mar 2, 2021 10:53:03 GMT
I don't think i sent my FS complaint to FCA. Can i still complain to FCA now? Yes, you can complain any time. If you need guidance, poster "pip" on page 1 of this thread, at Nov 14, 2019 at 3:47am, gives a good idea of the way to go. It would be a good idea to modify it to your own words/circumstances as far as possible. Thanks. Will do.
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rs
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Post by rs on Mar 2, 2021 9:35:11 GMT
I don't think i sent my FS complaint to FCA. Can i still complain to FCA now?
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rs
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Post by rs on Jan 29, 2021 12:03:41 GMT
WOW. All gone in under 1 min.
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rs
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Post by rs on Jan 8, 2021 14:46:11 GMT
I expect it'll be fully funded in seconds as Manchester commercal mixed loan was paid back yesterday.
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rs
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Post by rs on Dec 17, 2020 17:07:10 GMT
Has anyone tried a transfer lately. Does the IFISA transfer process work OK. Yes tried it recently and it still works. Normal ifisa transfer process applies still.
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rs
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Post by rs on Dec 11, 2020 15:08:23 GMT
There must be an awful amount of cash swilling around in P2P at the moment. This loan is down to less than £70k. The new loan today swallowed £1.295million within two minutes. Now down to 20k,,,,,The new loan i expected to go fast, i lost out on it though, kept getting 'amount not available' message despite availability being shown . P2Pers are more selective now with their cash and top tier platforms like Proplend will have their loans filled fast. Another similar platform is experiencing massive influx of investment over the past few months. Fully funded now!
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rs
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Post by rs on Dec 9, 2020 12:39:06 GMT
Very true and one of those large loans is due to be repaid this week... But repayment of Birmingham H** Refinance, a £2.3Mill loan, last Friday only reduced the loan "deficit" by a few hundred-thousands. I think we'll need at least three more! £370k (A £314k, B 56k) remaining still. Hopefully funds before end of next week.
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