benaj
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Post by benaj on Dec 30, 2017 13:28:24 GMT
According to Growth street, the current unmatched lend order is £1.6 mil (2017-12-30) and the amount of average matches per day is £330,794, so just over 5 days to match a lending order per calendar month. Personally, I don't mind losing 5 days of interest per year for the current rate of 5.3%. But 5 days per calendar month @ 5.3%, is it really worth it? |
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james21
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Post by james21 on Dec 30, 2017 13:36:45 GMT
I think it is worth it because it is a quick access to your money platform and very importantly has a provision fund. You dont see any defaults to your investments because the provision fund has covered them in the background
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james21
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Post by james21 on Dec 30, 2017 13:39:11 GMT
Just to add; having held an account for over a year it isnt always 5 days a month to match sometimes fewer days, but I dont have any stats on that
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amphoria
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Post by amphoria on Dec 30, 2017 17:46:28 GMT
My last 3 lend orders since 18th have taken 4 days, 3 days and then 2 days (28th to 30th), so the actual time appears to be somewhat less than the statistics page would suggest.
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benaj
Member of DD Central
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Post by benaj on Dec 30, 2017 19:13:22 GMT
My last 3 lend orders since 18th have taken 4 days, 3 days and then 2 days (28th to 30th), so the actual time appears to be somewhat less than the statistics page would suggest. You have better luck than me. My 1st deposit: 5 days - 3rd Nov, matched on 8th Nov Ended on 8th Dec 2nd contract: 3 days - ordered on 8th Dec, started on 11th Dec Ended on 21st Dec 3rd contract: 5 days - ordered on 21st Dec, started on 26th Dec So I lost 8 days of interest in December 2017!!!
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Greenwood2
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Post by Greenwood2 on Dec 30, 2017 20:35:22 GMT
Just to add; having held an account for over a year it isnt always 5 days a month to match sometimes fewer days, but I dont have any stats on that A year ago you could match within 24 hrs which was fine, but you lose about 0.1% a day as loans go unmatched and rates are already much lower than a year ago. Edit: If rates are now stable and you are happy with them, fine. Rates were dropping fast a while ago, with added long delays on lending.
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Post by p2plender on Jan 2, 2018 6:55:43 GMT
RS a safer and better bet imo. Something fishy about GS, not quite got finger on it yet.
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Post by nesako on Jan 2, 2018 9:18:15 GMT
Last match (1K) took 3 days, not too bad
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bod
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Post by bod on Jan 10, 2018 18:36:11 GMT
Over the last 3 weeks I have had several matches all taking 3-4 days. I can live with that as I can pretty well leave this platform alone.
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Post by nesako on Jan 15, 2018 8:51:58 GMT
Last 3 matches for me were all 4 days. So my actual APR is around 4.6%, which is still *just* fine for complete hands-off (again, since no longer have to worry about rate drops).
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benaj
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Post by benaj on Jan 15, 2018 10:34:10 GMT
You guys must be lucky. I hope I can do better this month. Losing 8 days of interest in December was bad.
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Post by nesako on Jan 16, 2018 9:40:38 GMT
You guys must be lucky. I hope I can do better this month. Losing 8 days of interest in December was bad. Yeah, you were unlucky because one of your contracts paid back early, hence double wait in the same month... this is always a risk for anyone 
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morris
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Post by morris on Feb 23, 2018 17:00:00 GMT
I transferred money to Growth Street this morning and it is invested this evening (5pm). Very happy with that.
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Post by dan1 on Feb 23, 2018 17:19:25 GMT
I transferred money to Growth Street this morning and it is invested this evening (5pm). Very happy with that. Good news, if it continues then rates will rise to balance borrower demand 
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pom
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Post by pom on Feb 24, 2018 18:56:48 GMT
I transferred money to Growth Street this morning and it is invested this evening (5pm). Very happy with that. Good news, if it continues then rates will rise to balance borrower demand Follow that pig.....
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