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Post by beepbeepimajeep on Jun 13, 2019 15:01:50 GMT
A £15,000 Jewellery renewal has been up for hours and still not filled.
Not so long ago it would have been snapped up in <10 minutes.
Sign of the times when even these small pawn loans are struggling to get takers.
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Post by brightspark on Jun 13, 2019 15:10:32 GMT
Perhaps some speedboat offerings would bring in the punters!
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Post by beepbeepimajeep on Jun 13, 2019 15:12:53 GMT
Perhaps some speedboat offerings would bring in the punters! Let's see what you could have won!
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rogerthat
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Post by rogerthat on Jun 13, 2019 15:19:02 GMT
A £15,000 Jewellery renewal has been up for hours and still not filled. Not so long ago it would have been snapped up in <10 minutes. Sign of the times when even these small pawn loans are struggling to get takers. Indeed...making an observation like yours a while back would have attracted a tsunami of counter proposals, minimum bid, maximum bid, your motive, your parentage..Brexit even..but it's early days yet so don't despair 
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r00lish67
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Post by r00lish67 on Jun 13, 2019 15:23:32 GMT
A £15,000 Jewellery renewal has been up for hours and still not filled. Not so long ago it would have been snapped up in <10 minutes. Sign of the times when even these small pawn loans are struggling to get takers. Indeed...making an observation like yours a while back would have attracted a tsunami of counter proposals, minimum bid, maximum bid, your motive, your parentage..Brexit even..but it's early days yet so don't despair Still happy to oblige here, Roger There is a £25 limit on a £15k loan - of course it's still there! NB - I currently have zero (retrievable) funds with FS.
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Post by beepbeepimajeep on Jun 13, 2019 15:24:24 GMT
Indeed...making an observation like yours a while back would have attracted a tsunami of counter proposals, minimum bid, maximum bid, your motive, your parentage..Brexit even..but it's early days yet so don't despair They can try but I will still be here 
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Post by beepbeepimajeep on Jun 13, 2019 15:26:30 GMT
Of course r00lish and to think I thought it would fill quickly, there is only a few k available as it's a renewal  |
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arby
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Post by arby on Jun 13, 2019 15:34:14 GMT
Of course r00lish and to think I thought it would fill quickly, there is only a few k available as it's a renewal Of course, and ignore the fact that 600 investors are needed as anyone with £25 renewed can't invest till tomorrow!
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Post by beepbeepimajeep on Jun 13, 2019 15:49:25 GMT
Good to ignore the fact that it's a renewal so 600 investors are not needed. Only a few k available. Would have gone in <10 minutes not so long ago.
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r1200gs
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Post by r1200gs on Jun 13, 2019 16:57:20 GMT
It might be that people are noticing that borrowers and thieves can't/won't pay back, the security rarely covers the debt and they are losing money hand over fist. Some people playing games on the secondary market excepted, temporarily.
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Post by df on Jun 13, 2019 17:39:34 GMT
A £15,000 Jewellery renewal has been up for hours and still not filled. Not so long ago it would have been snapped up in <10 minutes. Sign of the times when even these small pawn loans are struggling to get takers. £1850 is still up for grab. Giving the £25 limit the only reason for it could be a mass exodus from FS  I'm sure the loan will fill after 24 hours... but good point - "times have changed". I'm happy to hold my existing £50 in this loan, but won't go for increase if it's still available tomorrow. Recent FS pawn recovery record is not brilliant 
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arby
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Post by arby on Jun 13, 2019 18:00:28 GMT
Good to ignore the fact that it's a renewal so 600 investors are not needed. Only a few k available. Would have gone in <10 minutes not so long ago. Existing investors can't invest again. So it actually is closer to 600 investors needed than you think.
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Post by beepbeepimajeep on Jun 13, 2019 18:09:32 GMT
Good to ignore the fact that it's a renewal so 600 investors are not needed. Only a few k available. Would have gone in <10 minutes not so long ago. Existing investors can't invest again. So it actually is closer to 600 investors needed than you think. The Couple of K that was needed is 80 investors, nothing like 600 investors. In the past this would have been snapped up immediately.
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james21
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Post by james21 on Jun 13, 2019 18:24:15 GMT
I would like to think reality was kicking in, clearly its bad management of the loan book that we all know about, the 3 (the third is a recent addition) new board members have yet to prove they can manage the loan book and return our capital, and they have limited time
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arby
Member of DD Central
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Post by arby on Jun 13, 2019 19:56:52 GMT
Existing investors can't invest again. So it actually is closer to 600 investors needed than you think. The Couple of K that was needed is 80 investors, nothing like 600 investors. In the past this would have been snapped up immediately. You are ignoring the fact that while 80 EXTRA are needed, none of the hundreds of investors that auto renewed are able to invest yet. The total amount of investors needed is hundreds.
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I'm sure the loan will fill after 24 hours... but good point - "times have changed".