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Post by stevepn on Sept 26, 2019 17:02:59 GMT
I am a newbie to Loanpadand so far have been impressed but when I go to My Loanbook on the bottom line it says cash awaiting investment. Over the last few days it has gone from £10 to £44 this afternoon. What is this cash and how do you invest the cash?
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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
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Post by ilmoro on Sept 26, 2019 18:04:33 GMT
I am a newbie to Loanpadand so far have been impressed but when I go to My Loanbook on the bottom line it says cash awaiting investment. Over the last few days it has gone from £10 to £44 this afternoon. What is this cash and how do you invest the cash? Money not invested in loans. There has always been an element of free cash but it wasnt visible before, just if you added your investment up. It still earns interest.
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Post by nooneere on Sept 26, 2019 20:24:00 GMT
I am a newbie to Loanpadand so far have been impressed but when I go to My Loanbook on the bottom line it says cash awaiting investment. Over the last few days it has gone from £10 to £44 this afternoon. What is this cash and how do you invest the cash? It seems the way they operate is to allow excess funds to build up until they have enough £ to buy another loan tranche from their lending partners. As I write there are 827 lenders with an average investment of £6149 = £5,085,223. But there is only £4,857,500 in 'total Loanpad loans'. Your cash awaiting investment is your share of the uninvested funds. Live loan #36 should therefore appear in the next couple of days.
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Post by stevepn on Sept 27, 2019 13:26:54 GMT
Thanks for the replies.
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