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Post by peertopier on Nov 8, 2017 23:09:23 GMT
I recently sold a load of FC loans and took my account to £1K. Since then I'm not convinced that it's relending properly. The unlent funds seems to be rising every day. It's reached £17 after a few days and I'm expecting to see that keep growing. Autobid is on. What's the typical waiting time at the moment? When I loaded it up a few months ago it seemed to lend everything out quickly.
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Post by df on Nov 9, 2017 0:27:59 GMT
I recently sold a load of FC loans and took my account to £1K. Since then I'm not convinced that it's relending properly. The unlent funds seems to be rising every day. It's reached £17 after a few days and I'm expecting to see that keep growing. Autobid is on. What's the typical waiting time at the moment? When I loaded it up a few months ago it seemed to lend everything out quickly. Since the change I haven't noticed any significant cash drag. The longest one I had was two days.
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david42
Member of DD Central
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Post by david42 on Nov 9, 2017 8:27:12 GMT
I recently sold a load of FC loans and took my account to £1K. Since then I'm not convinced that it's relending properly. The unlent funds seems to be rising every day. It's reached £17 after a few days and I'm expecting to see that keep growing. Autobid is on. What's the typical waiting time at the moment? When I loaded it up a few months ago it seemed to lend everything out quickly. Autobid does not buy loan parts until your free cash reaches the higher of 0.5% or £20.
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Post by grahamreeds on Nov 9, 2017 11:19:54 GMT
Since the original poster doesn't state how large his portfolio is then we can only assume that he hasn't amassed 0.5% of his portfolio yet.
As for my cash drag I had one loan at £126 yesterday which was the first for several days leaving me with £350 cash sat idle.
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markr
Member of DD Central
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Post by markr on Nov 9, 2017 14:36:21 GMT
At the risk of stating the obvious, when you sell off loans, FC turns off your lending, and you have to go to the lending settings page and turn it on again. You have done this haven't you?
Other than that, then as others have said you won't lend on the primary market until your cash is 0.5% of your investment (or £20, whichever is greater), although it will buy smaller bits on the secondary market. I've found that in practice, my account regularly sits with more than 0.5% cash, but I haven't seen it get over 1% other than very briefly.
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Post by peertopier on Nov 11, 2017 1:08:34 GMT
Thanks for the info. Yes, autobid is back on. I checked that. Sounds like it's not going to do any bidding until I'm up to £20 unlent, it's almost there. I have 5 p2P accounts each with £1K in them as a bit of a fun to see how they peform against each other. I'm going to always pay equal amounts into them. Saves me the slight extra work of unitising the calculations if they had different amounts in.
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