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Post by blanik on Oct 8, 2019 12:06:17 GMT
Just put a lump sum into Core and was surprised at the number of loans I have re-purchased ( where the loan start date is greater than 1 month from the date I acquired it, and were not for round amounts )
Of the 50 loans acquired today, only 12 were new - the rest were sold loans up to 4 years old ( so about 75% ).
The previous 50 loans I made with recycled money - I only had 5 sold loans, 3 in the 50 before, 4 in the 50 before ( so less than 10% ).
Anyone else noticed this?
It my be that someone just sold a large loanbook or is there a timing issue - are new loans matched first by the allocation process, so only accounts with 'spare' money are picking up the sold loans?
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Post by Deleted on Oct 8, 2019 12:57:19 GMT
I think quite a few people are exiting Zopa due to low returns and high defaults. I sold out a while ago and now just sell any loans that I couldn't sell before if they catch up on their arrears.
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Post by newlender on Oct 9, 2019 8:37:02 GMT
blanik.......they are probably some of mine as I decided that my p2p exposure was too high (at 13% of total portfolio). I was also a bit spooked by default levels in my ISA account. I must say that Zopa repaid quite a few £K in just over a week, so quite impressed. Am down to 9% now and will stay in for the long term. Zopa and RS are my only companies.
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