markyg61
Member of DD Central
Posts: 339
Likes: 237
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Post by markyg61 on Apr 19, 2018 6:28:53 GMT
Been investing in UB for about a month now. Autolend set to £50 for the two provision funds with a cash balance of approx £250. Cant seem to get it above £320 invested, just not enough loans becoming available or not enough going into any one loan.
Am I missing a trick ? Do I need to allocate larger Autolend amounts or increase the cash balance ?
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Post by trentenders on Apr 19, 2018 6:50:07 GMT
There's a loan on sale now(?)
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Post by skint4achange on Apr 19, 2018 15:28:05 GMT
Been investing in UB for about a month now. Autolend set to £50 for the two provision funds with a cash balance of approx £250. Cant seem to get it above £320 invested, just not enough loans becoming available or not enough going into any one loan. Am I missing a trick ? Do I need to allocate larger Autolend amounts or increase the cash balance ? Your autolend settings don't really have much effect on the protected loans. You could have them set to £1m and you would still only get £5.16p. Because of the amount of lenders willing to lend on the protected loans the allocation is very low.
Out of interest, why have you not got a setting for the standard (Unprotected) loans set? I personally don't have a problem with lending fairly large amounts on the unprotected standard/business loans as they are usually backed up by very good assets that are valued realistically.
The bespoke loans (As mentioned by Trentenders) are good if you really do want to invest a lot quickly, but just watch your exposure. Again, they are usually backed by realistic security.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Apr 19, 2018 15:57:26 GMT
Been investing in UB for about a month now. Autolend set to £50 for the two provision funds with a cash balance of approx £250. Cant seem to get it above £320 invested, just not enough loans becoming available or not enough going into any one loan. Am I missing a trick ? Do I need to allocate larger Autolend amounts or increase the cash balance ? Both
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