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Post by ogwellian on Jun 18, 2016 8:55:47 GMT
Latest update from SS. Seems pointless being on sale for days on end and not earning interest. Yep, 'tis now. Gone up to £160k+ now. I put 1p on sale four days ago, it moved £6k up the queue yesterday, still £36k in front.
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Post by ogwellian on Jun 17, 2016 16:05:07 GMT
Nothing sold on PBL033 today and only a little yesterday. Wonder why so much is trying to get offloaded? More than the default now. Bigger loan - £5m - and refinancing has been "in legals" for a couple of months, so likely to repay sooner rather than later. Latest update from SS. Seems pointless being on sale for days on end and not earning interest.
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Post by ogwellian on Jun 17, 2016 14:09:41 GMT
It does give you a popup telling you this every time you sell a loan part, it's hard to see how much clearer they could make it. By changing the ambiguous wording? It says:- "You will cease to earn interest on the amount you choose to sell at the point you click to confirm. Once the total amount has sold we will credit the balance to your account. Any unpaid interest accrued prior to sale will be credited at the end of the month as usual." The last sentence says interest "accrued prior to sale", not "accrued prior to being put on sale".
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Post by ogwellian on Jun 17, 2016 9:53:30 GMT
One of the knock on benefits to this is that MT's SM came alive (apart from those stubborn 10%ers) and I could stock up and diversify.
I expect many from SS were robbing MT to pay SS.
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Post by ogwellian on Jun 17, 2016 8:44:18 GMT
I agree, but I wish SS would speed up the banking. I made a Faster Payment yesterday morning, but still not credited on my account. I made a payment around midnight last night and it has credited already (no email yet though). I would drop them a mail if you haven't already. Just got credited.
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Post by ogwellian on Jun 17, 2016 8:06:14 GMT
Why would they want to stop people selling what they haven't paid for. If people haven't paid, they should sell it. That way, someone who wants it can buy it and pay for it. Was the rule introduced to stop people earning interest for parts that were not paid for? If so, the rule doesn't achieve that either. They should stop people selling what they haven't paid for, because people were buying - taking two days interest - then selling before paying. That prevented people from buying it to keep. The rule DOES stop that, because people are now having to pay for the parts they buy. The only people who are affected substantially negatively by this are those who have pre-funded too high, and been caught with parts they didn't actually want, and can't pay for. Well, there's an answer to that... One that'll mean pre-funding better matches the actual demand, so those who want parts are more likely to get them. Seems like a good thing to me. I agree, but I wish SS would speed up the banking. I made a Faster Payment yesterday morning, but still not credited on my account.
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Post by ogwellian on Jun 16, 2016 13:27:27 GMT
GSV3MIaC , are you in a position to be able to offer statistics or enlightenment on the rate at which SM loan parts are turning over currently? I seem to recall you had a skill or tool to help you with this kind of analysis? Just interested in how static or dynamic the SM actually is right now. Cheers! Have a look at the Investor Activity tab for each loan to see how much has been sold lately - each loan shows the amount and date of the last ten or so sales. Nothing sold on PBL033 today and only a little yesterday. Wonder why so much is trying to get offloaded? More than the default now.
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Post by ogwellian on Jun 15, 2016 20:42:07 GMT
Fair bit of 11% and 12% available. Quite rare!!
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Post by ogwellian on Jun 12, 2016 17:38:51 GMT
I suppose as most financial experts seem to be for remain and most seem to be anti p2p, we're a cavalier bunch and Out will win in our poll!!
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Post by ogwellian on Jun 12, 2016 11:01:39 GMT
Down to one day now.
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Post by ogwellian on Jun 11, 2016 10:56:59 GMT
I'm with about 10 p2p platforms.
SS pays me and my wife's golf club membership!! We pay annually in advance so SS replenishes our capital.
In effect we play for free, compared to where it was sitting before in low interest deposits.
Other platforms pay for taxing, servicing, insuring our campervan, our council tax, Sky/internet/phone subscription etc. etc. We bought one daughter a new car and her interest free repayments go to another platform. We lent money for a lease extension for another daughter and her repayments are in a different platform.
p2p is a boon for cash rich, low income pensioners!!
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Post by ogwellian on Jun 10, 2016 9:30:01 GMT
With five days to go I sold my modest holdings in these three today, only mine on there, went in minutes.
Nearly 40 grand for sale now.
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Post by ogwellian on Jun 4, 2016 17:41:32 GMT
I've had over a grand 'invested' in the QAA for much of May (queued money for GBBA) but my interest payment on June 1 was zero.
I assumed I'd be getting 3.75%.
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Post by ogwellian on Jun 4, 2016 10:33:13 GMT
Two Zopa+ accounts:-
11.2% > 7% 326 loans. Two missed payments (expecting it to be missed first payments).
10.8% > 6.7% 260 loans. No missed payments.
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Post by ogwellian on Jun 3, 2016 10:30:27 GMT
Just got a 'please resolve negative balance' email for yesterday's prefund which I FPed almost immediately.
Makes me feel a bit naughty, even though I'm doing things correctly.
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