locutus
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Post by locutus on May 11, 2015 13:37:55 GMT
Me too, even with the same user number Looks like the user number is the one from the web app to the database and is shared. Regardless, they really need to invest a lit bit in their technology.
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locutus
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Post by locutus on May 11, 2015 13:36:15 GMT
Fully funded in 5 mins. Quite incredible.
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locutus
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Post by locutus on May 11, 2015 12:53:22 GMT
Just got the following SMS. Happy bidding.
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locutus
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Lendy (L) in Administration
PBL23
May 11, 2015 9:53:46 GMT
Post by locutus on May 11, 2015 9:53:46 GMT
Also, don't forget the provision fund, I think there's unlikely to be any loss to holders of this relatively small loan. But it may serve to highlight a flaw in the methodology that SS use to value property and set LTVs. It will be interesting to see how it plays out.
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locutus
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Post by locutus on May 5, 2015 18:00:34 GMT
According to westonkev (emphasis mine):
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locutus
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Post by locutus on Apr 30, 2015 12:55:34 GMT
I've been lurking and reading with interest. I'm really impressed with the way Money Thing interacts here and would love to invest but I'm in it for the money and not for the love of P2P. I don't have the time or inclination to shift cash around in order to earn pennies. With that in mind, do people think this model can really scale? I would like to be able to drop in a few k but just don't have the patience for the small loan limits. Yes the platform interaction is very good - all credit to Ed. He did state a few weeks ago IIRC that there may be plans to introduce higher value items - property, etc if the demand was there. Maybe the first test was the Piper which is now fully funded but of course the only true way to find out about the demand is to make the items available with full redacted documentation. A couple of other platforms seem to be doing okay with their property offerings although it is early days for them in this segment. I'm not involved as the documentation is not comprehensive enough for my investment strategy. Plus there is more than one example on another platform where the property loans have or may be about to blow up - we will see. Once though you get involved in higher value items then IMO you need that SM. I know a 6 month investment is a 6 month investment but nonetheless lenders feel additional comfort if there exists an emergency exit route and there are normally plenty of investors willing to engage. Anyway, it's down to MT as to what direction (if any) they take in the future in addition to the current offerings. As things stand though, without those additional items I don't feel the platform is far off hitting that (in)famous plateau. I have a number of loans due to repay in May so I don't feel there will be a requirement on my part to deposit further funds as any new offerings will already be funded by those repayments. All good points. I think a provision fund is actually more important than a secondary market but that is just me. Can you identify which platform you think has some property loans that may blow up? I'm invested in Saving Stream and hope it is not them!
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locutus
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Post by locutus on Apr 30, 2015 12:08:20 GMT
Thank God! As a newbie to MT I was wondering how I could invest a reasonable amount without being so hands-on. You can't unless you invest a chunk in a plane or a car. Once you're involved in the tiddlers which are repaying every few days or so with a few pennies interest then along come a few more (tiddlers) so effectively all you finish up doing is reinvesting the repayments. You do need those pennies though to buy a new keyboard as the F5 key gets worn out quickly so the bottom line is everything is financially neutral. I've been lurking and reading with interest. I'm really impressed with the way Money Thing interacts here and would love to invest but I'm in it for the money and not for the love of P2P. I don't have the time or inclination to shift cash around in order to earn pennies. With that in mind, do people think this model can really scale? I would like to be able to drop in a few k but just don't have the patience for the small loan limits.
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locutus
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Post by locutus on Apr 21, 2015 22:04:07 GMT
Has anyone dipped a toe in? They seem to be up and running again now and the proposition looks intriguing.
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