sl75
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Post by sl75 on Jun 7, 2018 15:12:45 GMT
When I click on the "change" link, on pages where it's available, it takes me to the new re-investment options page, which is lacking a line for 3 year loans.
I previously had it set to re-invest into the 5 year market at the same rate as the 5 year re-investment rate - it was a pain to have to change it twice every time I changed my preferred rate, but now I can't set it at all on the residual 3 year loans - unless someone else found a way that wasn't immediately apparent to me?
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dorset
Member of DD Central
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Post by dorset on Jun 7, 2018 15:44:02 GMT
Same problem here. Wonder if the 3 year repayments are to be automatically reinvested in the rolling? Nothing would surprise me.
Been using the rolling to collect up and save payments from my running out 3 and 5 year loans.
New rules on rolling not acceptable - too much risk for too little return. For example I had a £900 57 month contract on rolling for 3%. Have just sold out all my rolling (only about £6.5k), went in less than one hour and cash now winging back to my current account. Assetz quick access much better than RS rolling but I'm very over weight in that account.
Come the next recession this all is getting to look a little like picking up pennies in front of a steam roller.
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ashtondav
Member of DD Central
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Post by ashtondav on Jun 7, 2018 16:13:30 GMT
Oh come the next recession there will only be 9 or 10 p2p survivors. Dot com implosion v2!
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coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on Jun 7, 2018 17:25:34 GMT
Oh come the next recession there will only be 9 or 10 p2p survivors. Dot com implosion v2! That many? More like 3 or 4 I reckon!
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dorset
Member of DD Central
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Post by dorset on Jun 7, 2018 18:27:27 GMT
The main platforms will survive by just giving the lenders a serious haircut (RS, Assetz) or lender losses that are already baked in when the recession hits (FC, Zopa).
There will be a flap from punters about no one told us about the risk and the main lenders will then morph into pseudo banks.
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coogaruk
Hello everyone! Anyone remember me?
Posts: 705
Likes: 464
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Post by coogaruk on Jun 14, 2018 17:03:30 GMT
I can't believe the subject of this thread went completely over my head, even though in the interim I have even replied to one of the comments.
Now I know! Good job it's still near the top, else I might have duplicated the subject.
Fortunately, all of my 3 and 5 year RS 'Everyday' money has been diverted to Holding for some time, while I gradually move it across to RS IFISA as the repayments come in.
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