btc
Member of DD Central
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Post by btc on Apr 2, 2018 11:18:13 GMT
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cb25
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Post by cb25 on Apr 2, 2018 11:52:35 GMT
AC's email "...including enabling lenders to receive larger loan allocations"
Thanks very much AC, you've already put £5,500 of my GBBA1 money in loan 227, now suspended, two 3-month extensions gone by (interest free I believe, technically accruing but I'll believe that when I see the money back), with AC expected another one - i.e. NO plan to recover our money.
I'd rather you worked on smaller loan allocations in the packaged accounts (and your allocation routines and transparency on the PF) ahead of higher loan allocations in the MLA accounts.
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ton27
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Post by ton27 on Apr 2, 2018 12:39:06 GMT
The update did not say much, just that they were looking at it and there may be a chance to get larger loan allocations - there was also a reminder/advert of just how much is available on the SM, mostly on loans which are not popular. The only benefit I see is if they increase the rates as over the last couple of years rates have decreased (more so than other platforms) without a commensurate fall in risk. I still have a substantial sum in AC as I generally think they are a competent outfit but the MLIA is now a much poorer product than it was.
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cb25
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Post by cb25 on Apr 2, 2018 13:23:59 GMT
With regard to the £millions available on the SM, is this debt currently owned collectively by lenders (wishing to sell), or by AC themselves ?
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Post by chris on Apr 2, 2018 13:37:21 GMT
With regard to the £millions available on the SM, is this debt currently owned collectively by lenders (wishing to sell), or by AC themselves ? AIUI P2P platforms aren't allowed to own loan units in their own loans, thus AC do not hold any loan units at all. It is currently owned collectively by lenders wishing to sell across the different investment accounts including the access accounts. With regards to smaller allocations for the non-access investment accounts, having many loans available already helps with that allocation as the existing algorithm estimates how many loans it can invest into immediately when working out what to invest in each loan. In parallel to this project we are working on a new algorithm, but that is particularly complicated and time consuming to develop, test, and fine tune so it will be released when it's ready rather than having a set launch window. We're targeting May / June but cannot make any promises.
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