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Post by betterthanworking on Jun 4, 2016 14:30:43 GMT
One minute for funds to appear today. And it's Saturday.
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Post by betterthanworking on Jun 3, 2016 10:44:54 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. Same here, and immediately after receiving it my balance was updated on SS ! Me too, on both of my accounts.
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Post by betterthanworking on Jun 1, 2016 17:47:32 GMT
I can spend a couple of hours each day if necessary, time is not a problem. Just need to know warning signs when I see the I don't mind using auto bid if that's what it takes. So you can take time to select the obviously better proposals, instead of letting autobid pick up the leftovers and discards for you. I would broadly agree with stevet above, just adding that you should be aware that most loans are not secured. Those that are, are generally property loans (interest only) and are therefore arguably safer, whilst still carrying the same (or even better) rates. The secondary market can also be a good source (tho' supply and demand does fluctuate). Any small premium that you might have to pay is compensated for by avoiding dead cash time that is inevitable when buying on the primary market.
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Post by betterthanworking on Jun 1, 2016 14:14:36 GMT
the time scale is at least 3years Ah, I meant how much of your own time can you spend on FC. Stevet's answer above will almost certainly give a better return than FC's 'average', but at the expense of several hours per week in front of the screen. I also never use autobid, but it is fairly 'fire-and-forget' if that is what you want.
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Post by betterthanworking on Jun 1, 2016 12:40:52 GMT
That's a big question. I think anyone answering would first want to know how much time you are expecting to put in.
edit. crossed with Stevet
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Post by betterthanworking on Jun 1, 2016 12:31:34 GMT
@ collateral, number one on my wish-list for the site would be an extra column on the 'loans' page that tells me the amount I have in each loan. My brain is very simple, and not very good at distinguishing one shiny 'chronograph' from another. Nice fast funds transfer there just now by the way.
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Post by betterthanworking on Jun 1, 2016 7:39:10 GMT
Today's fiasco email Dear
May 2016's monthly interest has now been credited to your account, and can be seen when you login.
Pretty good news for someone who never even managed to get registered on the site
Hi collateral, my first interest payment all present, correct, and early in the day. Just to let you know I got a duplicate email notification. Probably I'll be gradually increasing my cash here, given an increasing range of loans.
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Post by betterthanworking on May 31, 2016 6:32:55 GMT
I'm in on this tranche, and the email confirming my allocation is a few quid out, but statement is all correct, so I'm cool. Presumably more email generation glitchery to be fixed.
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Post by betterthanworking on May 23, 2016 10:43:35 GMT
A small E just appeared. Is it just me, or does the site buckle for anyone else when this happens. I couldn't bid, then the site dumped me out twice. By the time I got back in the loan was gone. Grrrr!
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Post by betterthanworking on May 16, 2016 10:23:39 GMT
This, and several other recent small changes, are all moves in the right direction. I'm still playing.
I have however, resolved not to land up with any new loan parts that are sub-top-rate, so if my bids are knocked out, I don't rebid. That way, I'm in with a chance on the secondary market when I want to shift them.
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Post by betterthanworking on Apr 28, 2016 16:55:21 GMT
...but the first FC loan has not been pulled. Could it be that FC want a higher rate given their discovery of the ReBS loan?
edit: silly me, the first loan has already drawn down.
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Post by betterthanworking on Apr 25, 2016 20:24:49 GMT
I'm uncertain on this loan, how likely are these plot sales to go ahead? I mean couldn't the purchaser easily pull out leaving the borrower in a pickle? Possibly. But if it's any help, there is plenty of demand in the area for building plots, and there is a strong preference in the local market for new build vs 'period', so prices reflect this. The Island Plan (published by the council) demands thousands of new homes in the next few years, so planning is not usually a barrier in edge-of-town spots like this, and the big developers seem to be falling over each other to get land. There is particular need for retirement homes due to the local demographic. I'm just a few miles from the site, and it seems plausible enough to me (not intended to be advice).
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Post by betterthanworking on Apr 23, 2016 15:47:12 GMT
Some capital repayments are shrapnel, while some interest payments are large, so a more useful feature might be a "send notification when balance ≥ (user-defined value)". This should ignore cash deposits I suppose, and be deselectable by the account holder.
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Post by betterthanworking on Apr 22, 2016 13:21:19 GMT
No, it's still dumping me out.
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Post by betterthanworking on Apr 22, 2016 13:11:49 GMT
Tried logging in from a different device—success!—just in time for the 2pm ers. Spotted an E—tried to bid—bids not accepted. Grrrr!
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