gt94sss2
Member of DD Central
Posts: 281
Likes: 137
|
Post by gt94sss2 on Jul 16, 2017 8:28:47 GMT
Am I right in thinking that this loan - unlike the Ablrate one - doesn't involve APF?
My impression was that loans involving APF (or a sister company) were a bit safer than lending directly to the end borrower.
MT should really give more detail about the end borrower than they do.
|
|
gt94sss2
Member of DD Central
Posts: 281
Likes: 137
|
Post by gt94sss2 on Jul 2, 2017 23:33:52 GMT
I suspect the amounts for sale across many platforms will increase this month - as investors start to sell down holdings to pay their tax bills at the end of the month.
|
|
gt94sss2
Member of DD Central
Posts: 281
Likes: 137
|
Post by gt94sss2 on Jun 15, 2017 12:53:48 GMT
|
|
gt94sss2
Member of DD Central
Posts: 281
Likes: 137
|
Post by gt94sss2 on Jun 13, 2017 16:00:16 GMT
|
|
gt94sss2
Member of DD Central
Posts: 281
Likes: 137
|
Post by gt94sss2 on Jun 5, 2017 11:43:27 GMT
Hi gt94sss2 , Pete's away until next week, once he's back I'll see if he has any documentation re changes. As for accepting the terms, it's been done this way as the terms relate to all aspects of the platform and not just loan part purchases. Gordon - many thanks. Someone else has already raised in another thread that the new T&C say that funds have to come into the platform from a nominated bank account which is not the case. Looking at the T&C, I was also a bit disappointed to read: Under what circumstances would this occur? Also, a bit suprised that the T&C don't appear to mention that in the event of any complaints that customers have the right to approach the Financial Ombudsman (though I am sure Collateral would resolve them first!)
|
|
gt94sss2
Member of DD Central
Posts: 281
Likes: 137
|
Post by gt94sss2 on Jun 1, 2017 11:42:34 GMT
That link doesn't work for me. Collateral Rep this reminds me of when MT recently changed T&C - Collateral seems to have the same minor issues: 1. Could you produce an official summary of the main changes in the T&C for lenders? You shouldn't expect lenders to compare the old and new terms just by themselves. 2. I note there is no way to access the platform without accepting the new T&C. You should allow lenders to withdraw cash/interest from their accounts without agreeing to the new T&C. Perhaps just preventing us from buying new loan parts until we accept the T&C would have been more sensible.
|
|
gt94sss2
Member of DD Central
Posts: 281
Likes: 137
|
Post by gt94sss2 on May 26, 2017 13:48:15 GMT
These look like PBL174 with Lendy has listed at 9%..
|
|
gt94sss2
Member of DD Central
Posts: 281
Likes: 137
|
Post by gt94sss2 on May 25, 2017 10:31:21 GMT
Please continue to use your Collateral ID as your payment reference so we can identify and process your bank transfers as usual. Collateral RepYour email/message above doesn't mention this but it looks as if Collateral ID's/payment reference numbers have also changed format. My old reference was in the format 'C' + 5 numbers but the deposit page on your website now shows 11 numbers following the 'C' rather than 5 - I believe the extra numbers are part of the current acount I have registered with Collateral. Does it matter which we use? If we should be using the new one, you may need to highlight that - from your communications I had picked up the bank account details had changed but not the payment reference as well.
|
|
gt94sss2
Member of DD Central
Posts: 281
Likes: 137
|
Post by gt94sss2 on May 22, 2017 16:56:56 GMT
Am I right in saying that most, if not all (I've not been investing at MT for long enough to know) previous loans have paid monthly interest and am I correct in my reading that any further advances of this loan will pay interest at term? Thats certainly what the above suggests and is unusual for MT. MoneyThing could you clarify please? Does this also mean that MTAS707 will rank in front of any other tranches - and would those other tranches also be at 12% or higher?
|
|
gt94sss2
Member of DD Central
Posts: 281
Likes: 137
|
Post by gt94sss2 on May 20, 2017 15:19:53 GMT
ablrate Can you please provide an explanation of what has happened with these loans and why the charges are only recently showing against the security for these loans? I'm not sure its identicial but it does remind me of the problems you have had with the container loans.. ablrate ablrateandyDavid, Andy - any chance you can address the comments made re: charges in this thread please? Ideally, before the new loans in your pipeline go live..
|
|
gt94sss2
Member of DD Central
Posts: 281
Likes: 137
|
MoneyThing (MT) in Administration
MTAU712
May 20, 2017 13:05:38 GMT
elliotn likes this
Post by gt94sss2 on May 20, 2017 13:05:38 GMT
In fact I've never really understood why the SM could not be enabled immediately after launch as MT's/underwriters offerings would always have been at the front of the queue and therefore being sold before anyone that bought at 16:00 and placed on the market at 16:01 anyway. If I recall correctly, it was as a result of comments on this board that the SM is not enabled until a loan was 100% taken up - it was a while ago and might have been to do with some of the loans where MT offered cashback - perhaps to avoid the confusion Collateral have with their recent cashback offer over who qualifies where they allowed SM trading immediately
|
|
gt94sss2
Member of DD Central
Posts: 281
Likes: 137
|
Post by gt94sss2 on May 19, 2017 13:04:12 GMT
The loan filled on CL this morning so it shoudn't be long before its repaid here I presume.
|
|
gt94sss2
Member of DD Central
Posts: 281
Likes: 137
|
Post by gt94sss2 on May 19, 2017 10:58:57 GMT
EDIT: What's being discussed here is the difference between the size of the new MT loan and the old Lendy loan being redeemed. But if MT also charge interest up front then the amount borrowed there has to be large enough that the amount net of prepaid interest that the borrower receives is sufficient to clear the Lendy debt. MT don't generally retain interest upfront.
|
|
gt94sss2
Member of DD Central
Posts: 281
Likes: 137
|
MoneyThing (MT) in Administration
MTAU712
May 17, 2017 14:50:46 GMT
Post by gt94sss2 on May 17, 2017 14:50:46 GMT
MoneyThingAm I correct in thinking there is still no sign of the valuation report? If not, is the loan still due to go live at 4pm?
|
|
gt94sss2
Member of DD Central
Posts: 281
Likes: 137
|
Post by gt94sss2 on May 12, 2017 11:56:12 GMT
Well someone just took 95K so its up to 37% but I agree with others, a higher interest rate would have been much more preferable to having tiered cashback levels and would have led me (at least) to invest more than I currently plan too..
|
|