Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011 
Likes: 1,013
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Post by Godanubis on Jun 16, 2019 12:04:43 GMT
Isn't there a difference in the loan duration model on each? Yes, that as well. They are quite different platforms but as it happens they both pay c4%. The premium of c2.5% is not much to cover the possibility of a capital loss and the absence of FSCS protection. With a bit of effort I get 3.8% on £80k of secure capital from Banks and BS special offers using family members, preferably non-tax payers. Each grandchild (I only have one) can get 2.5% on £50k and 3.5% on £5k from Nationwide. Most banks offer up to 5% on regular savings accounts with limits. There is some admin involved so maybe more suitable to retired people. If I could invest all my cash this way I would not bother with the likes of LP. Take £20000 of the 80K and actively manage it in 12-15% P2P and you will make the same or more than you do on your whole sum in a year. With such a relatively small sum getting 15-20% tax free is attainable with a little effort to reduce loss risk.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
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Post by littleoldlady on Jun 16, 2019 14:04:32 GMT
Yes, that as well. They are quite different platforms but as it happens they both pay c4%. The premium of c2.5% is not much to cover the possibility of a capital loss and the absence of FSCS protection. With a bit of effort I get 3.8% on £80k of secure capital from Banks and BS special offers using family members, preferably non-tax payers. Each grandchild (I only have one) can get 2.5% on £50k and 3.5% on £5k from Nationwide. Most banks offer up to 5% on regular savings accounts with limits. There is some admin involved so maybe more suitable to retired people. If I could invest all my cash this way I would not bother with the likes of LP. Take £20000 of the 80K and actively manage it in 12-15% P2P and you will make the same or more than you do on your whole sum in a year. With such a relatively small sum getting 15-20% tax free is attainable with a little effort to reduce loss risk.
Yes, unless you invest in Collateral or Lendy (or IMO FS). I can make 100% or more in about a minute on a roulette table. If it is money that you cannot afford to lose, or would seriously hate losing, IMO you should put the first chunk - depends on your circumstances but typically £50k-£100k - into a portfolio of bank special offers which will comfortably provide a guaranteed real return. The second chunk might go into low interest rate accounts like LP and OC, and then beyond that gamble with the high rate platforms.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Jun 16, 2019 14:51:31 GMT
Take £20000 of the 80K and actively manage it in 12-15% P2P and you will make the same or more than you do on your whole sum in a year. With such a relatively small sum getting 15-20% tax free is attainable with a little effort to reduce loss risk.
Yes, unless you invest in Collateral or Lendy (or IMO FS). I can make 100% or more in about a minute on a roulette table. If it is money that you cannot afford to lose, or would seriously hate losing, IMO you should put the first chunk - depends on your circumstances but typically £50k-£100k - into a portfolio of bank special offers which will comfortably provide a guaranteed real return. The second chunk might go into low interest rate accounts like LP and OC, and then beyond that gamble with the high rate platforms. That is why I said 20K spread it about FUNDOURSELVES and Loanpad have buy back options that seem to work as do others. Technically nobody has lost anything yet in Lendy or Col.
P.S I used to play roulette on live wheels (where wheel statistics are shown) and never lost overall just did it for price a meal in casino and bit of fun. 
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Greenwood2
Member of DD Central
Posts: 4,385
Likes: 2,784
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Post by Greenwood2 on Jul 1, 2019 6:41:35 GMT
Well the bonus rate has gone. If the next one is going to be based on how many friends and family you can get to join it won't be for me. Lots of people regretting getting family, friends and colleagues involved with Lendy. I guess my funds will be looking for a new home.
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Post by mrclondon on Jul 15, 2019 11:15:46 GMT
Loanpad - can you investigate why the link to the pdf for the latest loan (9426260) is dead please. (Also, the link to the c tranche of 9309254)
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Loanpad
Jul 16, 2019 17:38:50 GMT
via mobile
Post by gravitykillz on Jul 16, 2019 17:38:50 GMT
Loanpad - can you investigate why the link to the pdf for the latest loan (9426260) is dead please. (Also, the link to the c tranche of 9309254) It would be nice to get a reply. I am curious as well.
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Post by Loanpad on Jul 16, 2019 18:36:31 GMT
Loanpad - can you investigate why the link to the pdf for the latest loan (9426260) is dead please. (Also, the link to the c tranche of 9309254) It would be nice to get a reply. I am curious as well. Thanks for flagging this. The link for 9426260 should now work and the tranche c summary should be available shortly.
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Post by webbski9 on Jul 31, 2019 15:59:45 GMT
OK Guys.I'm new to this company .Have their website up but need you to tell me your opinions please ?
Thanks in advance ,David
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Post by gravitykillz on Jul 31, 2019 16:40:53 GMT
OK Guys.I'm new to this company .Have their website up but need you to tell me your opinions please ? Thanks in advance ,David Fantastic platform. Does what it states on the tin and pays interest daily.
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Post by webbski9 on Jul 31, 2019 16:45:11 GMT
Thats kind,thank you indeed .
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Loanpad
Jul 31, 2019 18:02:18 GMT
via mobile
Post by gravitykillz on Jul 31, 2019 18:02:18 GMT
Tbh it is one of many I am invested in at the moment. But the more you use the more you get addicted. I was only planning to be in it for a little while but twice I have cancelled my withdrawal requests. Mainly because I think if I put it in the bank I would get nothing.
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Post by webbski9 on Jul 31, 2019 21:10:15 GMT
Well the returns look decent and I like Daily Interest so I will be investing
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Greenwood2
Member of DD Central
Posts: 4,385
Likes: 2,784
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Post by Greenwood2 on Aug 1, 2019 14:41:48 GMT
So far so good, nice to have a buffer of a junior tranche. It's still a very young platform though.
Having to put the password in for every movement of funds is a pain, why is it necessary for internal transfers? And why did I use such a long password that I can never remember? Slightly mitigated now you can automate some transactions.
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Loanpad
Aug 2, 2019 7:05:33 GMT
via mobile
Post by gravitykillz on Aug 2, 2019 7:05:33 GMT
So far so good, nice to have a buffer of a junior tranche. It's still a very young platform though. Having to put the password in for every movement of funds is a pain, why is it necessary for internal transfers? And why did I use such a long password that I can never remember? Slightly mitigated now you can automate some transactions. Better to be safe than sorry.
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Greenwood2
Member of DD Central
Posts: 4,385
Likes: 2,784
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Post by Greenwood2 on Aug 2, 2019 7:52:42 GMT
So far so good, nice to have a buffer of a junior tranche. It's still a very young platform though. Having to put the password in for every movement of funds is a pain, why is it necessary for internal transfers? And why did I use such a long password that I can never remember? Slightly mitigated now you can automate some transactions. Better to be safe than sorry. Assuming someone got into my account (using the password?) the only thing they would want to do is remove funds to an unauthorised bank account. I think it extremely unlikely they would be moving my cash balance to a product. Fair enough require a password to remove funds, but you can take security too far and having to use the password for every step tempts me to make my password simpler and more memorable.
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