benaj
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Post by benaj on Dec 21, 2017 17:04:32 GMT
I just had a look in my loan book. It seemed since 2017, 5 year income got repaid early in a frequent manner. | Month | Contract date | Lending Rate % | | Aug '15 | 01/09/2014 | 6 | | Oct '15 | 01/05/2014 | 5.9 | | Jan '16 | 03/07/2014 | 6.2 | | Apr '16 | 17/10/2012 | 5.8 | | Jul '16 | 03/10/2013 | 5.6 | | Oct '16 | 03/01/2014 | 5.5 | | Jan '17 | 31/07/2015 | 6 | | JAn '17 | 04/04/2016 | 6.1 | | Feb '17 | 12/12/2016 | 4.8 | | Mar '17 | 02/02/2016 | 6 | | Aug '17 | 03/05/2016 | 4.7 | | Aug '17 | 06/06/2016 | 5.3 | | Oct '17 | 05/08/2015 | 5.7 | | Nov '17 | 04/01/2016
| 6 | | Dec '17 | 06/11/2013 | 5.3 | | Dec '17 | 03/03/2016 | 6.1 | | | | | |
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Any thoughts? |
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oldgrumpy
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Post by oldgrumpy on Dec 21, 2017 18:41:28 GMT
Looks normal to me. It's not just the higher interest ones which are repaid early. Borrowers are allowed to do this. I've had a lot more than that, but probably on a larger number of contracts. Just re-invest the loot ... or buy some extra bananas  . |
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Post by skint4achange on Dec 21, 2017 19:58:02 GMT
You will probably find that not only are the lenders getting a good rate on the loans that you have highlighted, but so are Ratesetter. Which means that the APR to the borrower is probably very high and they will refinance as soon as possible. I know I would.
As Grumpy said, just reinvest is all you can do.......................... Or vote with your feet. 
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blink
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Post by blink on Dec 22, 2017 7:36:41 GMT
Just had large payment repaid that I invested on 13/11/17 @7%...so won't reinvest at poor rates on offer over the Christmas period and if I withdraw won't be in my bank until 27th...plus I had a large amount paid back a few days ago invested on same date @7%. So my 7% invested on 13/11/17 has all paid back. Strange as thought it was the same large borrower. Maybe they are paying back in stages. Oh well...back to the drawing board..
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jcb208
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Post by jcb208 on Dec 22, 2017 8:20:50 GMT
Also had a large amount repaid today about 5K may have to plant it in rolling at a low rate to tie over Xmas
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puddleduck
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Post by puddleduck on Dec 22, 2017 9:42:47 GMT
Yes, I got in at 7% when it was offered on the 5 year rate, which is unusual for me as I tend to avoid the 5 year rate.
It's paid back today, after only 6 weeks. Didn't get an e-mail and only found out due to this thread!
(I'm going to stick it on rolling today as no point withdrawing today as it won't be in the account til Wednesday)
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Post by stevepn on Dec 22, 2017 10:24:21 GMT
Just had one of my 5 yr from 2015 @6.6% cashed in overnight. My main investments are now 3 yrs which will all be gone by next year.
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Post by martinde21 on Dec 22, 2017 11:47:28 GMT
Early repayments are tricky. My emotions go up every time I get one. But my business head is pleased borrowers and Ratesetter are acting to minimise loan costs, as long as they don't default. This means the market is operating efficiently. I would prefer Ratesetter gets a win as well as me as an investor. Otherwise we all get stuffed like turkeys lol.
Having said that I am not investing at the moment as I am at my self set maximum investment level in any one platform.
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Post by wildlife2 on Dec 22, 2017 16:06:58 GMT
Same here, my 7% I got last month has also been chucked back 
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nairda
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Post by nairda on Dec 22, 2017 21:13:58 GMT
Same here, my 7% I got last month has also been chucked back Likewise 
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