huxs
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Post by huxs on Nov 3, 2015 14:01:16 GMT
I think this is having an effect on other parts to the market. I had over £1000.00 in the 5 year rate on Friday at 6.7 % this was not matching so after a few days lowered my rate to 6.4% which matched on Friday... Tonight the exact same amount is now showing to be unmatched at 6.4% with no showing of this loan being repaid. This amount is once again sitting in my account waiting to be matched. There is no notification to state the loan was cancelled after a couple of days.. I like to see transparency when dealing with my money. I have emailed ratesetter over this, has I had to do a lot of checking to ensure I was not missing something.. I know it is only a couple of days interest.. but can someone accept your rate, then decide to not take it.. and it not have an explanation showing in your account.. no repaid loans etc. I had the same experience. I was rather disappointed that RS did not bother to tell me what was going on. My investment just reappeared in my account. Annoyingly rates are now almost a whole percent less. I wonder if the borrower saw the chunk of lower interest money appear and somehow got RS to cancel - if this is true it seems rather unfair on us lenders. Same here, I put it down to problems with the Sunday over night run that seemed to run past 10am on Monday and then didn't bother chasing up as it was only £200ish but if 3 people on this forum have had the same problem that does sound like more of an issue.
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huxs
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Post by huxs on Nov 3, 2015 10:31:30 GMT
I vote for keeping it simple, the SS model works lets see how it works on MT and only if it fails should we think about tinkering with it.
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huxs
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Post by huxs on Nov 2, 2015 9:01:25 GMT
Snap
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huxs
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Post by huxs on Oct 23, 2015 15:24:05 GMT
Hi twino,
Is it still the case that I need to do a direct money transfer from my £ account for my first transfer or can I use TransferWise. I have recently joined Mintos and they managed to see my account details even though my transfer was via TransferWise, given that I am only looking to transfer a smallish amount I would rather not have to pay the crazy rates and fees my bank would charge, even if this is just for the 1st transfer.
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huxs
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Mintos
Defaults
Oct 22, 2015 16:06:11 GMT
Post by huxs on Oct 22, 2015 16:06:11 GMT
Hi xyon100, and anyone else with non-buy back loans that are going to default. It would be good to get an insight into the recovery process. I see on the Mintos stats page that no one has yet lost any money but would like to hear how Mintos and partner companies have handled defaults and recoveries to date, how much communication have you received and have recoveries covered both interest and capital.
I join Mintos mainly for the buy-back personally loans but with the rates dropping might try some low LTV non-buy back covered loans instead.
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huxs
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Ablrate (ABL) in Administration
planes ?
Oct 20, 2015 12:18:54 GMT
Post by huxs on Oct 20, 2015 12:18:54 GMT
I'm with pom, I probably would be tempted to invest in this but more as a platform and asset class diversity thing rather than because its the best investment available. I am not sure I fully understand the structure you are suggesting but if the rate was 8% with quarterly bonuses expecting to increase the rate to 11+% then that would appeal a lot more than a yearly or even at loan completion bonus that would tie you into the loan for a lot longer.
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huxs
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Post by huxs on Oct 16, 2015 15:16:18 GMT
Hi Ed,
Can you provide a bit more details on the background for this loan. I assume they haven't just brought this car to look at ? Is this a dealer looking to use this loan to help grow their inventory ? What is the exist strategy? Are they looking to sell this car or keep this as security to finance other deals?
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huxs
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Post by huxs on Oct 13, 2015 8:23:23 GMT
Does anyone know how much it costs to invest via SIPPClub in the Ratesetter SIPP? I have scanned their website but it looks like you have to register to get details so thought I would ask here first.
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huxs
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Post by huxs on Oct 12, 2015 15:48:18 GMT
Hi,
Given that it looks like the first loan to be issued under the new T&C's is to be launched shortly I just wanted to ask for clarification (ideally in simple terms on what the change will really mean.
I know up until now we have actually been lending to SS and not directly to the borrower therefore increasing the important/relevance of platform risk and that in the new T&C that will change. This therefore makes SS a true P2P platform but my question is except in the case of SS folding will this change have any really impact? Does it impact how the PF will be used or how late or extended loans are treated etc; ??
Also is there anyone out there that is not happy with this change and why?
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huxs
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Post by huxs on Oct 9, 2015 12:41:41 GMT
Hi Ed, Will the two loans being redeemed today be completed prior to 4pm. Just wondering if I will have some money to try for the MP scrum?
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huxs
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Post by huxs on Oct 9, 2015 12:13:53 GMT
Good news indeed.
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huxs
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Likes: 218
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Ablrate (ABL) in Administration
New Loan?
Oct 7, 2015 15:15:45 GMT
Post by huxs on Oct 7, 2015 15:15:45 GMT
Hi ablrateandy, Any news on upcoming loans ? Is there much in the pipeline and any estimates on if we are going to see a plane anytime soon?
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huxs
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Post by huxs on Oct 7, 2015 9:24:32 GMT
Sounds great Ed
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huxs
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Post by huxs on Oct 6, 2015 10:05:14 GMT
Afternoon, Just a quick update to say that the new Partner has just signed the last of the paperwork and we are now ready to go with the first anticipated loans within 'the next couple of weeks'. Another of the projects has just been finalised and we might be in a position to transact the first loan as early as Monday/Tuesday next week. Kind regards, Ed Hi Ed,
Any news on this?
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huxs
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Post by huxs on Oct 5, 2015 9:53:27 GMT
Hi upland,
I have been using Unbolted for the past 4 months and pretty happy to date. Keen to see how the default goes as the LTV levels on most Unbolted loans are high and any slight miss valuation will mean the PF will need to come into play. I am also slightly confused why Unbolted are not more actively pushing for normal investors, there are plenty of loans available ?? On the other hand more investors would lead to more competition for loans and that would not be good.
I must admit I only use Unbolted for platform diversity and when there are lull's in other sites lending opportunities, it is great for being so hands free but its rates are lower than MT and FS which supports similar products (in MT's case with lower LTV's and buy-back). So for me it is good but will never be more than a small player in my P2P portfolio.
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