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Post by wildlife2 on Dec 7, 2019 18:31:17 GMT
Reading through their frequently asked questions on the website will help a lot. If you can stay awake it might be best to check the answers too of course
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boundah
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Post by boundah on Dec 7, 2019 18:32:25 GMT
Whimper : I had to do Unbolteds' so many times to get to my account that I'm worried that I may fail this particular 11plus exam . What happens if you inadvertently make a slip . I liked RS who just said skip ,you fool, skip. Is there a category for rich and stupid default? No worries, if you get in touch I can sell you the answers* for a fair fee. * The accuracy of any opinions provided cannot be guaranteed. It is recommended that you take independent advice before taking up this exclusive offer
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Post by ladywhitenap on Dec 7, 2019 19:42:52 GMT
ablrateNow that the definition of HMW has been updated I went to change my profile to HNw. No problem with standard account but clicking on profile settings on my ISA account leads to a car crash. LW
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upland
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Post by upland on Dec 8, 2019 12:55:59 GMT
HI ablrate A quick Question. For HNW this is the text you have: High Net Worth I have an annual income (not including pension income) of £100,000 or more AND investable assets of £250,000 (not including primary residence or pension assets).Is the "AND" correct, as all the other sites i've done this test for use "OR" rather than "AND" for HNW. If you can confirm before i do the test.Ditto , have to change mine back now they have fixed it. They are not the only ones that put the definitions on their website without reading them first.
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blender
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Post by blender on Dec 8, 2019 16:17:18 GMT
Reading through their frequently asked questions on the website will help a lot. If you can stay awake it might be best to check the answers too of course Love your strapline 'sophisticated cat owner'. However, ablrate may need to confirm whether it is the 'owner' or the cat which is sophisticated (or both). I suspect that anyone who thinks they own a cat may not be sophisticated, because in my experience it is usually the other way round. Maybe best to let the cat make the lending decisions - one purr for the pub, two yowls for the property development.
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Post by wildlife2 on Dec 8, 2019 21:25:06 GMT
Reading through their frequently asked questions on the website will help a lot. If you can stay awake it might be best to check the answers too of course Love your strapline 'sophisticated cat owner'. However, ablrate may need to confirm whether it is the 'owner' or the cat which is sophisticated (or both). I suspect that anyone who thinks they own a cat may not be sophisticated, because in my experience it is usually the other way round. Maybe best to let the cat make the lending decisions - one purr for the pub, two yowls for the property development.
Yes, I agree, most cats do appear to own their humans ! My cat is now self-certified HMW (High Mouse Worth) but does tend to exaggerate.
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blender
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Post by blender on Dec 8, 2019 23:37:34 GMT
There are two in charge of me.
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IFISAcava
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Post by IFISAcava on Dec 9, 2019 17:45:52 GMT
Looks like I've fallen foul of the "pass in the ISA but they still want you to take it again in the standard" problem.
Not investing in the standard at the moment anyway so not going to retake it.
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Post by ablrate on Dec 9, 2019 18:17:40 GMT
Looks like I've fallen foul of the "pass in the ISA but they still want you to take it again in the standard" problem. Not investing in the standard at the moment anyway so not going to retake it. Working on it - just let customer services know your username and they will mark it passed
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p2pstephan
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Post by p2pstephan on Dec 9, 2019 19:44:00 GMT
So what are the consequences of not doing the test or failing the test? Am I going to be booted out? Yay I have the princely sum of £48 left in Ablrate and cannot get that out yet as it is not available to trade. Do not get me wrong, I am not having a go at this platform. Indeed Ablrate seems very diligent, good DD. Possibly one of the best P2Ps. I found it too hard to diversify without spending ages, reading loads of stuff. I found it was a catch 22. To make it worthwhile for me I would probably need to invest loads and spend loads of time but before I invest loads I need to see how it works with a small amount (5K). At around 5K diversified, the work involved checking all the loan details was too much for me. I am time poor, which is why I cannot let investing 5K absorb loads of time. Being booted out for not doing or not passing the test could speed up my orderly exit. Good luck to everyone else that has the capacity / ability to check all the information and make a good profit on this platform. Very impressed by Ablrate's updates and attention to detail.
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blender
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Post by blender on Dec 9, 2019 23:07:54 GMT
So what are the consequences of not doing the test or failing the test? Am I going to be booted out? Yay I have the princely sum of £48 left in Ablrate and cannot get that out yet as it is not available to trade. Do not get me wrong, I am not having a go at this platform. Indeed Ablrate seems very diligent, good DD. Possibly one of the best P2Ps. I found it too hard to diversify without spending ages, reading loads of stuff. I found it was a catch 22. To make it worthwhile for me I would probably need to invest loads and spend loads of time but before I invest loads I need to see how it works with a small amount (5K). At around 5K diversified, the work involved checking all the loan details was too much for me. I am time poor, which is why I cannot let investing 5K absorb loads of time. Being booted out for not doing or not passing the test could speed up my orderly exit. Good luck to everyone else that has the capacity / ability to check all the information and make a good profit on this platform. Very impressed by Ablrate's updates and attention to detail. The test takes five minutes and is required by the FCA, not the platform. If you cannot spare the time to pass it then the platform is not really for you, because time is required to assess the loans. You will not be booted out, but your investment in loans will run its course, and £48 is not really a great sum to miss for a while. You are right, imo, that lending through Ablrate requires a good knowledge of the platform, a proper evaluation of the loans on offer, and monitoring of progress of your loans. It needs a decent sum to make that worthwhile. If time poor, then it would be better to use a site which chooses the loans and provides the diversification for you, though with lower returns, such as Assetz (others are available). They also have a test.
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p2pstephan
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Post by p2pstephan on Dec 10, 2019 10:22:15 GMT
So what are the consequences of not doing the test or failing the test? Am I going to be booted out? Yay I have the princely sum of £48 left in Ablrate and cannot get that out yet as it is not available to trade. Do not get me wrong, I am not having a go at this platform. Indeed Ablrate seems very diligent, good DD. Possibly one of the best P2Ps. I found it too hard to diversify without spending ages, reading loads of stuff. I found it was a catch 22. To make it worthwhile for me I would probably need to invest loads and spend loads of time but before I invest loads I need to see how it works with a small amount (5K). At around 5K diversified, the work involved checking all the loan details was too much for me. I am time poor, which is why I cannot let investing 5K absorb loads of time. Being booted out for not doing or not passing the test could speed up my orderly exit. Good luck to everyone else that has the capacity / ability to check all the information and make a good profit on this platform. Very impressed by Ablrate's updates and attention to detail. The test takes five minutes and is required by the FCA, not the platform. If you cannot spare the time to pass it then the platform is not really for you, because time is required to assess the loans. You will not be booted out, but your investment in loans will run its course, and £48 is not really a great sum to miss for a while. You are right, imo, that lending through Ablrate requires a good knowledge of the platform, a proper evaluation of the loans on offer, and monitoring of progress of your loans. It needs a decent sum to make that worthwhile. If time poor, then it would be better to use a site which chooses the loans and provides the diversification for you, though with lower returns, such as Assetz (others are available). They also have a test.
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n
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Yet another Nick
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Post by n on Dec 10, 2019 10:29:37 GMT
The test takes five minutes and is required by the FCA, not the platform. If you cannot spare the time to pass it then the platform is not really for you, because time is required to assess the loans. You will not be booted out, but your investment in loans will run its course, and £48 is not really a great sum to miss for a while. You are right, imo, that lending through Ablrate requires a good knowledge of the platform, a proper evaluation of the loans on offer, and monitoring of progress of your loans. It needs a decent sum to make that worthwhile. If time poor, then it would be better to use a site which chooses the loans and provides the diversification for you, though with lower returns, such as Assetz (others are available). They also have a test.
I seem to recall that the LEND buttons weren't visible before passing the test.
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Post by ladywhitenap on Dec 10, 2019 10:30:59 GMT
ablrate Now that the definition of HMW has been updated I went to change my profile to HNw. No problem with standard account but clicking on profile settings on my ISA account leads to a car crash. LW PING ablrateI'm still getting the car crash problem on my ISA account #3482. Please alter my status to HNW. thanks LW
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blender
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Post by blender on Dec 10, 2019 11:08:47 GMT
The test takes five minutes and is required by the FCA, not the platform. If you cannot spare the time to pass it then the platform is not really for you, because time is required to assess the loans. You will not be booted out, but your investment in loans will run its course, and £48 is not really a great sum to miss for a while. You are right, imo, that lending through Ablrate requires a good knowledge of the platform, a proper evaluation of the loans on offer, and monitoring of progress of your loans. It needs a decent sum to make that worthwhile. If time poor, then it would be better to use a site which chooses the loans and provides the diversification for you, though with lower returns, such as Assetz (others are available). They also have a test.
I did try to cover that. They will not wish to lose customers, nor the funds already lent. They will certainly not boot you out. My understanding is that they will treat you as a restricted lender who has failed/not passed the test. You will not be allowed to invest in new loans or trade on the SM, and they will not do that for you. What will happen is that your current loans will stand and will run their course, and you will be able, one way or another, to withdraw the cash from your account(s) and even transfer the cash in an IFISA to another provider, subject to the normal rules (not with £48 because the fee is £100). Also I would expect that, as a platform which cares about its investors (ie unlike FC) you will be contacted at some stage by customer services to ask if they can do anything to help.
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