ashtondav
Member of DD Central
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Post by ashtondav on Mar 12, 2018 9:53:52 GMT
15 emails today detailing early repayments. A record for me!
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cb25
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Post by cb25 on Mar 12, 2018 10:16:49 GMT
15 emails today detailing early repayments. A record for me! Which market(s) ?
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jlend
Member of DD Central
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Post by jlend on Mar 12, 2018 10:24:45 GMT
15 emails today detailing early repayments. A record for me! In some cases it may be the same borrower with multiple loan parts
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benaj
Member of DD Central
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Post by benaj on Mar 12, 2018 11:37:48 GMT
none for me in March.
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ashtondav
Member of DD Central
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Post by ashtondav on Mar 12, 2018 15:25:59 GMT
15 emails today detailing early repayments. A record for me! Which market(s) ? All five year.
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cb25
Posts: 3,528
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Post by cb25 on Mar 12, 2018 15:29:06 GMT
The majority of my RS money is in 5-year and I've had no early repayments since 7 March
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Post by nutfield on Mar 12, 2018 17:10:27 GMT
On Mar 7, I was notified that my account had been credited with 34 (!) early payments. They seem to be all penny payments, so a rather technical issue, but it does show that some slightly odd things happen from time to time.
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Post by nutfield on Mar 14, 2018 9:21:48 GMT
36 (THIRTY_SIX) early repayments this morning!! Average repayments are about 10p!
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TheDriver
Member of DD Central
Slightly bonkers
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Post by TheDriver on May 14, 2018 9:13:36 GMT
Maybe RS were collating nominal loan parts for easier admin? If so, maybe a rehearsal for the MR reinvestment of the future, which will create loads more!?!
After several early repayments up to the beginning of this (calendar) year - mainly 1 year - I haven't had any since!
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ding
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Post by ding on Jun 21, 2018 11:21:11 GMT
Had a 1 year 5% loan repay after 5 months. No email about this even though I had enabled "Notification when a contract is repaid early by the borrower"
Emailed RS about it. Another £5k of the platform due to sh!t rates.
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ceejay
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Post by ceejay on Jun 21, 2018 15:48:55 GMT
Had a 1 year 5% loan repay after 5 months. No email about this even though I had enabled "Notification when a contract is repaid early by the borrower"
Emailed RS about it. Another £5k of the platform due to sh!t rates.
Maybe the contract wasn't repaid early by the borrower, but rather reissued by RS to other lenders at lower rates and a consequently increased margin to RS...
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Post by GSV3MIaC on Jun 22, 2018 9:37:25 GMT
Or maybe it defaulted and RS picked it up from the PF. Almost impossible to tell what, IIRC ..
.. and P2P was supposed to be a transparent interaction between borrower and lender at a mutually acceptable interest rate with minimal overheads. Ho Hum.
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benaj
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Post by benaj on Oct 4, 2018 5:58:29 GMT
It happened early this morning. Large repayment on RS for 5 year loan formed less than a week.
Last match on the market was 6.3% @ 0635 2018-10-04
But the Market rate now is 4.6%!
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reinvestor
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Post by reinvestor on Oct 4, 2018 6:07:33 GMT
Could be borrowers exploiting the 14 day cooling off period that they are entitled to?
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benaj
Member of DD Central
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Post by benaj on Oct 4, 2018 6:11:57 GMT
Could be borrowers exploiting the 14 day cooling off period that they are entitled to? All I know the loan must be larger, it seems this early repayment shakes the 5 year market in less than 30 minutes, 2% drop on 5 year
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