mikes1531
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Post by mikes1531 on Sept 4, 2014 15:14:02 GMT
Judging by the numbers piling in to this loan whilst queries and concerns were being raised here, it seems probable that many are investing without reading this forum or, I guess, doing any other DD. Unfortunately 12% interest holds magical powers of persuasion way beyond the understanding of the educated! SS's reaction to the queries and concerns raised here has been very positive and confidence boosting. Either that, or investors are convinced that there will be someone else willing to buy their loan parts in a few months' time -- before any bad news arrives.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 5, 2014 14:47:04 GMT
£400 left now.
Not much else coming in the pipeline. Dearth of loans probably explains why people are so willing to snap this up
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mikes1531
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Post by mikes1531 on Sept 5, 2014 14:54:25 GMT
£400 left now. Not much else coming in the pipeline. Dearth of loans probably explains why people are so willing to snap this up It's odd, though, that nobody has snapped up the last £400. That much has been available for a few hours now.
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ramblin rose
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“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Sept 5, 2014 15:22:30 GMT
All gone - I took the last £15.87 to put it out of its misery.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,315
Likes: 11,524
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Post by ilmoro on Sept 5, 2014 17:20:55 GMT
All gone - I took the last £15.87 to put it out of its misery. Lets hope that your actions have not been undertaken on a terminally wounded beast but SS will be able to effect a Lazararian resurrection. Also that the fact that it is fully funded wont cause SS not to secure the additional security. In that instance, the SM could see a bit of a glut of this one! 
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Sept 8, 2014 17:43:52 GMT
All gone - I took the last £15.87 to put it out of its misery. Lets hope that your actions have not been undertaken on a terminally wounded beast but SS will be able to effect a Lazararian resurrection. Also that the fact that it is fully funded wont cause SS not to secure the additional security. In that instance, the SM could see a bit of a glut of this one! Well, somebody isn't sticking around to find out - about £6.5K of it been put up for sale today. I don't think we got the answer from SS about who gets the cashback - original lender or SM lender? The loan details are still saying pre-drawdown investments get the cashback, so any buyer today will surely be expecting it. Think savingstream need to get that clarified for their own sake - could be paying out a whole lot more cashback than they intended - that would be particularly galling to them if the loan didn't even go ahead.
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Investor
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Post by Investor on Sept 8, 2014 19:08:38 GMT
Lets hope that your actions have not been undertaken on a terminally wounded beast but SS will be able to effect a Lazararian resurrection. Also that the fact that it is fully funded wont cause SS not to secure the additional security. In that instance, the SM could see a bit of a glut of this one! Well, somebody isn't sticking around to find out - about £6.5K of it been put up for sale today. I don't think we got the answer from SS about who gets the cashback - original lender or SM lender? The loan details are still saying pre-drawdown investments get the cashback, so any buyer today will surely be expecting it. Think savingstream need to get that clarified for their own sake - could be paying out a whole lot more cashback than they intended - that would be particularly galling to them if the loan didn't even go ahead. Love the idea RR, if I understand that logic we all flip our loans back and forth between us a hundred times between now and drawdown and wait for the 50% cash back we would all receive. At least we would get a definitive answer on what happens when Lendy go out of business
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mikes1531
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Post by mikes1531 on Sept 8, 2014 22:42:19 GMT
Think savingstream need to get that clarified for their own sake - could be paying out a whole lot more cashback than they intended - that would be particularly galling to them if the loan didn't even go ahead. The above comment implies that SS would pay the cashback even if the loan doesn't go ahead. Have savingstream actually said they'd do that? Has the situation come up in the past? If so, what happened then?
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Sept 9, 2014 6:50:53 GMT
Think savingstream need to get that clarified for their own sake - could be paying out a whole lot more cashback than they intended - that would be particularly galling to them if the loan didn't even go ahead. The above comment implies that SS would pay the cashback even if the loan doesn't go ahead. Have savingstream actually said they'd do that? Has the situation come up in the past? If so, what happened then? No, they haven't said they would do that, but as I noted, the offer is still there on the loan. It hasn't come up in the past to my knowledge; the cashback promotions only arrived in recent times when the PBLs arrived and they've all gone ahead so far.
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Post by savingstream on Sept 9, 2014 7:24:17 GMT
Well, somebody isn't sticking around to find out - about £6.5K of it been put up for sale today. I don't think we got the answer from SS about who gets the cashback - original lender or SM lender? The £6.5k was an investment that we had to cancel as the investor didn't make a follow up transfer for his auto-deposit. Cashback is paid to whoever holds the loan part at the point of the loan going live.
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
Posts: 1,370
Likes: 857
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Post by ramblin rose on Sept 9, 2014 8:56:22 GMT
Well, somebody isn't sticking around to find out - about £6.5K of it been put up for sale today. I don't think we got the answer from SS about who gets the cashback - original lender or SM lender? The £6.5k was an investment that we had to cancel as the investor didn't make a follow up transfer for his auto-deposit. Cashback is paid to whoever holds the loan part at the point of the loan going live. Ooh - I seem to have morphed into mikes1531 - very surreal feeling  Thanks for that clarification savingstream.
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webwiz
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Post by webwiz on Sept 9, 2014 16:16:55 GMT
Personally I preferred you as Rose.
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Liz
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Post by Liz on Sept 9, 2014 16:59:14 GMT
ThAnks SS, any news on loan loan 8?
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mikes1531
Member of DD Central
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Post by mikes1531 on Sept 9, 2014 23:44:28 GMT
Personally I preferred you as Rose. Aw, shucks! 
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Sept 11, 2014 9:38:27 GMT
ThAnks SS, any news on loan loan 8? Or indeed on PBL 9?
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