markr
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Post by markr on May 1, 2018 21:38:29 GMT
Thanks for your help but after trolling through every loan part ive found its Loan 1812..Prof**s Y*u C*n B*nk *n....oh the irony Glad you found it! Your loan would have been listed earlier but accepted later than 1839, which is why my 1839 parts have lower numbers than your 1812 parts. I'd forgotten that loan part numbers are allocated on acceptance, and in those days it could be up to 3 weeks between listing and acceptance. Interestingly, 1812 is marked as late in the loan book, not defaulted, which is surprising and may explain why it doesn't get the usual "recovery payment" comments.
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markr
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Post by markr on May 1, 2018 17:21:18 GMT
Could anyone assist with identifying the loan number/name that refers to Part No.s in the range 925549 - 925578. From loan parts I have, I can narrow it down to somewhere between 1839 and 1950 and it would have been made in December 2012 or early January 2013. Edit: The loans in default between those IDs are 1839, 1849, 1863, 1873, 1913, 1929, 1934, 1935, 1945, 1950.
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markr
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Post by markr on Apr 25, 2018 12:26:43 GMT
I haven't added new money to my long-standing account for ages, but it is investing repayments in a timely manner, both on the primary and secondary markets. New funds added to my IFISA are also lent out pretty quickly. Lending will be slower with the Conservative option because you've narrowed your choice of loans, but to lend nothing seems odd.
As GSV3MIaC3 says, first check that you have lending enabled (go to the Lending Settings tab and check that it says "You are currently lending..." at the top, then put in a support request.
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markr
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Post by markr on Apr 25, 2018 12:18:38 GMT
I don't think that the ability to influence selling is a major issue, after all if you sell off all your short property and repayment-eve loans, you can't stop the buy bot simply buying them (or other similar loans) back. The influence is weak, too, and it's not guaranteed that you can always sell a loan when you'd like to.
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markr
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Post by markr on Apr 14, 2018 20:38:25 GMT
I also opened my 18/19 ISA on the 6th of April. Sorry, should have been clearer; due to a bit of dithering, it was the 12th when I funded mine. So if Friday was a slow day, almost all my haul would have been listed on one afternoon.
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markr
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Post by markr on Apr 14, 2018 20:31:40 GMT
What I object to is people saying, 'this fish/chicken/duck skin is not crispy and I can't eat it.' The word is crisp! I wouldn't care if the skin was crisp or crispy if they'd cook the blummin' duck instead of just showing it the pan. I swear sometimes if they quacked at it loud enough, it would answer back.
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markr
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Post by markr on Apr 14, 2018 19:51:32 GMT
I bunged some funds in my shiny new IFISA on Thursday afternoon, and it had bagged 49 loans from the primary market (and 1 SM purchase) by close of play on Friday, so there's plenty of new loans available.
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markr
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Post by markr on Apr 12, 2018 14:34:31 GMT
Ignore me! I haven't even got an RS ISA! I was viewing FC and looking at my ISA when I answered the question. Sorry for the topic swerve, but I can't transfer between accounts on FC either. FC's FAQs say you must transfer out to a bank and in again, and I can't see any obvious way to do a direct transfer through the dashboard. If you have a method, can you post it to the FC board please.
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markr
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Post by markr on Apr 11, 2018 22:25:53 GMT
Your case is almost identical to mine. Out of interest, considering AC is a temporary solution, which AC product did you choose? In my experience with P2Ps so far, access to funds is very fast indeed in normal secondary market conditions. Too bad transferring in a cash ISA will miss the 15 April bonus deadline though. EDIT: Answering my own question, I did a bit more research and I can see why AC's Quick Access and 30-Day Access accounts would be good for temporarily parking an IFISA, thanks to no exit fees and 100% guaranteed funds recovery, immune to suspended loans. The 30-day Access account looks more appropriate here. Thanks for the pointers. Yep, I agree with your research; if you don't intend to stay with AC, the 30 day account works well, it's free to get in and out and you'll have a very good chance (as always, nothing is certain with P2P) of being able to get everything out. Nearly half the funds in my FS ISA are now in unsaleable loans, which is a big part of the reason I'm getting out! I'm an AC investor anyway, but of course I won't be able to move any of my existing investments into the ISA because it would count as new money, so I'll probably put the ISA funds into one of their hands-off products so I can forget about it and carry on manually investing outside the ISA.
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markr
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Post by markr on Apr 11, 2018 14:10:50 GMT
You can open another one (or more), but you can only add new money to one each tax year.
As it happens, I have opened both an FC and an AC IFISA this year, the FC one for new money and the AC one to transfer in last year's Funding Secure IFISA once I've sold out of as many loans as I can.
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markr
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Post by markr on Apr 11, 2018 12:50:32 GMT
I don't know when FC will allow transfers in, but if you want an alternative IFISA that does, have a look at Assetz. AC allow transfers in and out without fees (currently), so the instant access or 30 day accounts may be a good place to lodge your funds while waiting for FC to get their act together.
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markr
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Post by markr on Apr 6, 2018 22:03:24 GMT
The back of the sofa is certainly quite productive. I got a large repayment on 5328 yesterday. They may even have paid it all back including interest but it is impossible to say. Tricky but not impossible. Recoveries are allocated to principal then interest, so open your transaction statement and find the entry for the recovery payment (you may need to find the loan part ID of your part[1], but hopefully it will be obvious on the statement). If the entry says "Principal recovery payment for loan part ..." then they are still paying principal, if it says "Interest recovery payment for loan part ..." then the principal is all repaid and recoveries are being allocated to interest. In this case, there is an entry for both so the repayment finished paying the principal and began paying the interest. Another way is to download the loan book, find the loan and see if column I (recoveries) is around the same as column H (loan amount). Admittedly, to know whether they have repaid *all* the interest is trickier; you'd need to work out the interest due to you based on your bid rate and loan part size (taking into account repayments made before default) - it's probably easier just to accept that at least you've got your capital back and wait to see if any more recovery payments come in. In my case, I got £2.85 interest recovery on about 17 quid outstanding debt, over 30 months at 11.8% after fees, which an online loan calculator suggests is in the right sort of ballpark. [1] Open your "My Loan Parts", select the "loan parts" tab and sort on the "Loan ID" column. Page through to find the loan in question, then the number in the "Loan Part ID" is the one that appears on the transaction statement. If you have several parts in the loan, there will be a separate entry for each one.
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markr
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Post by markr on Mar 22, 2018 22:11:40 GMT
To be fair though, E loans pay 20%+, up there among the highest rates available on P2P. A borrower needs to be pretty desperate (or not intending to pay!) to accept that sort of rate.
FC's expected annual loss rate is 8% after recoveries, which probably means they expect barely half of them to limp along to the end. Given the last chance saloon and dodgy geezers nature of this end of the market, a fair proportion of losses are going to be early failures as well.
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markr
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Post by markr on Mar 9, 2018 13:38:31 GMT
One that tickled me from a recent Viz:
Convince neighbours that they have an apple tree by sprinkling apples around the base of a random tree in their garden.
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markr
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Post by markr on Mar 9, 2018 0:17:30 GMT
Today seems to have been a particularly bad day for defaults. That said, there's been 25 defaults (of fractional loans) so far this month, so to be in 5 of them is particularly unfortunate. Hopefully, the dice will roll in your favour for the rest of the year!
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