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Post by df on Feb 20, 2019 21:05:48 GMT
Loan Amount £55,000.00
Interest 12.00%
LTV 61.11%
Bonuses no
Cashback no
Investment Restrictions none
Gone in 1 min 15 sec.
Normally loan like this would have some restrictions.
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Post by mrclondon on Feb 20, 2019 21:33:42 GMT
Yeah, non property still perceived as easy to resell on the SM so over bidding makes sense. A £500 bid limit would have probably made sense here.
That said, the racing car (which hits T-30 at midnight tonight) still has c. £2k of availbility at -1% on a £78k loan, so maybe even non-property loans are not as attractive as they once were.
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IFISAcava
Member of DD Central
Posts: 3,694
Likes: 3,022
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Post by IFISAcava on Feb 20, 2019 22:11:06 GMT
Loan Amount £55,000.00 Interest 12.00% LTV 61.11% Bonuses no Cashback no Investment Restrictions none Gone in 1 min 15 sec. Normally loan like this would have some restrictions. I deposited some cash when the notification came, and they helpfully credited it 5 mins after the loan went live. So got nothing. Have withdrawn money again.
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adrian77
Member of DD Central
Posts: 3,920 
Likes: 4,145
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Post by adrian77 on Feb 21, 2019 10:24:38 GMT
did a bit if research - these are really expensive and desirable watches - hopefully one of FS's better loans...
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Greenwood2
Member of DD Central
Posts: 4,388
Likes: 2,787
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Post by Greenwood2 on Feb 21, 2019 10:35:14 GMT
did a bit if research - these are really expensive and desirable watches - hopefully one of FS's better loans... A bit like a Picasso then? 
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arby
Member of DD Central
Posts: 910
Likes: 959
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Post by arby on Feb 21, 2019 10:50:34 GMT
Loan Amount £55,000.00 Interest 12.00% LTV 61.11% Bonuses no Cashback no Investment Restrictions none Gone in 1 min 15 sec. Normally loan like this would have some restrictions. I deposited some cash when the notification came, and they helpfully credited it 5 mins after the loan went live. So got nothing. Have withdrawn money again. They're already on the SM (at +1% naturally) if anyone who missed out wants to pick some up. It's a bit galling but that's just the way it is. For clarity, I did get some last night, but none of the stuff for sale is mine.
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IFISAcava
Member of DD Central
Posts: 3,694
Likes: 3,022
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Post by IFISAcava on Feb 21, 2019 11:12:26 GMT
Loan Amount £55,000.00 Interest 12.00% LTV 61.11% Bonuses no Cashback no Investment Restrictions none Gone in 1 min 15 sec. Normally loan like this would have some restrictions. I suspect the money was needed fast - has drawn down morning after the night before.
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Post by df on Feb 21, 2019 16:55:14 GMT
Loan Amount £55,000.00 Interest 12.00% LTV 61.11% Bonuses no Cashback no Investment Restrictions none Gone in 1 min 15 sec. Normally loan like this would have some restrictions. I deposited some cash when the notification came, and they helpfully credited it 5 mins after the loan went live. So got nothing. Have withdrawn money again. I always keep a little bit of float on FS because of this. Quite often e-mail notices for bling are very short. Saying that, new bling is very rare these days, so my cash drag strategy is not very effective.
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Post by df on Feb 21, 2019 16:59:41 GMT
I deposited some cash when the notification came, and they helpfully credited it 5 mins after the loan went live. So got nothing. Have withdrawn money again. They're already on the SM (at +1% naturally) if anyone who missed out wants to pick some up. It's a bit galling but that's just the way it is. For clarity, I did get some last night, but none of the stuff for sale is mine. The same here, I got what I intend to keep. Let's hope that the watches actually belong to the borrower
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Post by df on Feb 21, 2019 17:14:20 GMT
Yeah, non property still perceived as easy to resell on the SM so over bidding makes sense. A £500 bid limit would have probably made sense here.
That said, the racing car (which hits T-30 at midnight tonight) still has c. £2k of availbility at -1% on a £78k loan, so maybe even non-property loans are not as attractive as they once were.
Yes, e-mail just been sent. I have too much in BMW (by my today's standards), but I don't try selling these type of loans, prepared to risk and keep renew button green.
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