david42
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FundingSecure (FS) in Administration
Endurance Boat
Dec 2, 2017 8:56:19 GMT
Post by david42 on Dec 2, 2017 8:56:19 GMT
adrian77 : Was the above an attempt at humour? Or is there some sort of link missing? you should be able to play a twitter video directly from the link - first posting had 6 likes... adrian77 : Sorry, I've obviously not made myself clear. The quote of your posting at the top of this one is all I see. (I see just one line, and there's no part of it I can hover over that indicates there's a link I could follow.) Where is the link supposed to be? If my Firefox isn't showing all that's supposed to be there it will be the first time I've seen that happen. Clearly you are seeing less than the rest of us. My Firefox (version 52.5.0) shows a picture of a speed boat that is a clickable Twitter link to a video of a crashing speedboat. Not ours: this was merely some humour. But it may be worth checking your adblockers to see what else you might be missing.
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david42
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Post by david42 on Nov 29, 2017 19:07:19 GMT
I signed up through the Quidco offer last May but emailed Kuflink at the same time to be sure. Kuflink credited my large amount of cashback quickly and directly with no fuss. I never even found out whether the Quidco tracking had actually worked.
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david42
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Post by david42 on Nov 28, 2017 19:15:24 GMT
mrclondon - I would like to take you up on that offer of private sub-boards, where users provide their user ID and we cross-check them. It would be helpful if you can allow us to moderate these sub-topics also. Thanks If a platform wants to moderate posts, please can the platform keep their forum totally separate from the P2P independent forum. I do not want to be part of a forum where posts can be censored by the platform we are discussing. Funding Circle and Zopa have both tried managing their own forums, now both closed.
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david42
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Post by david42 on Nov 28, 2017 8:37:25 GMT
W7 / AVG free / Firefox gives warning XP / Avast free / Firefox gives no warning.
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david42
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Post by david42 on Nov 27, 2017 17:03:28 GMT
I can see many loans on the primary market, that fit my autoinvest criteria, but autoinvest is slow to buy them When I have investigated similar problems in the past past I have eventually managed to establish that the loans did not meet my buying criteria. With so many adjustable parameters it is not easy to find the reason. The way I investigate it is: 1. edit your Autoinest settings. If that shows 0 loans available then go through your Autoinvest settings one at a time until it shows loans available. For example Autoinvest does not select loans that are behind on payments unless you ask it to. 2. if Autoinvest shows loans are available that meet your criteria, it may be that you already own those loans and you have not allowed Autoinvest to buy more. After editing my criteria I have always found the Autoinvest buys any loans that meet my criteria within a minute.
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david42
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Post by david42 on Nov 23, 2017 20:47:40 GMT
Shucks. That would explain why Funding Circle did not suggest that approach in the first place. I get very confused by the additional first year ISA restrictions. I will need to be a little bit patient.
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david42
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Post by david42 on Nov 23, 2017 20:23:25 GMT
(The only problem is that the value you ask the new provider to transfer will be the full value of the FC ISA, because the defaulted parts are worth zero. Perhaps transfer the whole sold amount less £1?)
There is no need to leave £1 behind. I think you are inventing non-existent problems. Have you never transferred an ISA? It is very easy. The value you ask your new provider to transfer is the value of the cash sitting on your Funding Circle ISA after Autobodge has sold what it can. The value that is left behind in Funding Circle is the (unknown) value of the loans that cannot be sold. But there is no requirement to know their value. On the ISA transfer form from you new ISA provider you don't tick the box to transfer the whole ISA. Instead you tick the box to transfer £x, where you choose the £x. Both these options have been available on the ISA transfer forms I have used in the past. The only complicated part that I see is managing the gradual run down of the residual Funding Circle ISA. Personally I would probably let autobodge re-invest cash as it was recovered from default loans, then at occasional intervals I would do a further ISA transfer to move more of those recovered funds to my preferred new ISA home.
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david42
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Post by david42 on Nov 23, 2017 19:24:28 GMT
Their sorting hat would probably select the defaults as parts to be transferred, and then transfer those parts to your 'classic' account. One thing for sure is that you will not be able to tell them which parts to liquidate. The sorting hat does not get involved in the ISA transfer: Step 1. In your Funding Circle ISA account, tell Autobid to sell everthing. Step 2. Observe how much Autobid has managed to sell. Step 3. Ask you new ISA provider to transfer just that amount of your ISA from Funding Circle. Problems only arise if you ask your new ISA provider to transfer your whole ISA. If instead you transfer only the part of your ISA that you have been able to liquidate, you can leave the unsellable parts in a small residual ISA with Funding Circle.
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david42
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Post by david42 on Nov 23, 2017 17:27:25 GMT
Reading between the lines of this bit: "You will be able to transfer your Funding Circle ISA to another ISA provider, although it’s important to remember that loan parts that can’t be sold won’t be transferred and will no longer be eligible for tax-free interest" suggests that downgraded parts will be moved back to your "classic" account and you'll lose that bit of your ISA allowance (but it was effectively lost anyway, so it's no big deal). Edit: well it's a slightly bigger deal as recoveries will be outside the ISA. So the most tax effective approach under their current terms would be to do a partial ISA transfer rather than a full transfer, leaving behind a residual ISA account holding only the unsellable loans. Funding Circle ISA terms do not mention partial ISA transfers, but all the ISA transfers I have made have allowed the option of transferring only part of the ISA.
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david42
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Post by david42 on Nov 23, 2017 16:26:13 GMT
I'm not sure why you would want to do that? (the latter after doing the former) Because I was proving fluidity of the platform prior to placing a larger sum onto the market. Selling loans is quick, but it took Autobid 4 weeks to get me 100% invested from a standing start. I logged the daily Autobid speed here.
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david42
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Post by david42 on Nov 23, 2017 16:18:49 GMT
Funding Circle will be making their ISA available progressively from 30 Nov 2017. Detail hereSummary: Flexible ISA. Transfers out allowed. Transfers in will be allowed later as part of the progressive roll out. No extra ISA charges apart from the 1% management fee that applies to any Funding Circle account.
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david42
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Post by david42 on Nov 23, 2017 16:08:53 GMT
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david42
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Likes: 346
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Post by david42 on Nov 22, 2017 15:58:53 GMT
Be it down? "The requested service is temporarily unavailable. It is either overloaded or under maintenance. Please try later."Back up now. And none of the markets are crossed at the moment.
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david42
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Post by david42 on Nov 19, 2017 14:30:36 GMT
Not true. I started my account after the latest changes, and three of the loans Autobid bought for me are already risk band removed. Those loans were created before the new rules came in but Autobid managed to buy them for me from the secondary market. Did these parts come to you with the risk band already removed?
No. The risk band was removed a couple of weeks after Autobid purchased each loan part.
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david42
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Post by david42 on Nov 19, 2017 12:29:24 GMT
The new system has not even had time to create any defaults yet, so any loses you are suffering, I am afraid, are of your own doing by picking Lemons.
Not true. I started my account after the latest changes, and three of the loans Autobid bought for me are already risk band removed. Those loans were created before the new rules came in but Autobid managed to buy them for me from the secondary market.
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