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Post by nooneere on Feb 17, 2020 19:58:11 GMT
Jan 9, 2020 at 8:15pm nooneere said: Also, and I think not reported elsewhere, I have another loan in default with the interesting guidance "The police have contacted us about this book being potentially a stolen item. The book has been withdrawn from sale pending the completion of the investigation."
Just to update this comment (I do tend to talk to myself) - the loan principal for the suspect item has now been reimbursed by the Provision Trust.
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Post by ianrother on Feb 25, 2020 19:16:24 GMT
Been with unbolted for about 18 months and I am very happy so far especially with the way they deal with defaults - largest amount I have in one loan is £150 and on auto invest only manage to get around £5-£10 in the smaller loans - I also like the fact that there seems to be generally satisfactory comments on this site which hopefully is some reassurance- compared to some of my other P2P loans elsewhere this seems to be a very well managed company.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Feb 26, 2020 7:34:54 GMT
Been with unbolted for about 18 months and I am very happy so far especially with the way they deal with defaults - largest amount I have in one loan is £150 and on auto invest only manage to get around £5-£10 in the smaller loans - I also like the fact that there seems to be generally satisfactory comments on this site which hopefully is some reassurance- compared to some of my other P2P loans elsewhere this seems to be a very well managed company. A wise strategy if all investors put prudence over profit their exposure to loss per loan in some of the platforms in trouble would not have the determination impact on them as individuals.
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Post by df on Mar 4, 2020 12:10:17 GMT
Been with unbolted for about 18 months and I am very happy so far especially with the way they deal with defaults - largest amount I have in one loan is £150 and on auto invest only manage to get around £5-£10 in the smaller loans - I also like the fact that there seems to be generally satisfactory comments on this site which hopefully is some reassurance- compared to some of my other P2P loans elsewhere this seems to be a very well managed company. I’ve been with UB for over 3 years and very happy with this platform so far. This might change in near future. Provision funds have been abolished from early December. Old loans are still covered, but from June this year we won’t be compensated for shortfalls. Hopefully the losses will be minimal, but diversification is now very important so i’ve reduced my auto-lend settings.
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Post by nooneere on Apr 1, 2020 19:00:18 GMT
Brainer on no account invest on my advice, you sound sensible and cautious whereas I am in UB as a art lover; my site avatar is a painting by one of the artists whose work has formed a UB loan. I would not assume the pawn loans are safer than the auction house - see p2pindependentforum.com/thread/14543/cashing-out-court-case which is the most exciting thread on this site. Also, and I think not reported elsewhere, I have another loan in default with the interesting guidance "The police have contacted us about this book being potentially a stolen item. The book has been withdrawn from sale pending the completion of the investigation." For the record I have put a four-figure sum into the auction house loan and my confidence is based on the loans being ca. 10% of their recent commission earnings for a 6 month period, while the company owner is personally buying 25% of the loan. You're right they have liabilities on the CH accounts - these look to be the UB loans in which we can invest, and are secured against the said future commission earnings. I think discussing the merits and demerits of particular loans is a big part of this website, but hopefully no one is deemed to be offering investment advice. I could live with losing my sum in this loan, but it would be painful if I felt I had caused someone else to lose money. Sound comment. I would also add that from my point of view, this company is now building a track record of reliably paying back these loans in full which gives me confidence to continue to invest, and even start to increase the sums invested (although I personally haven't hit 4 figures yet). Amidst the widespread gloom on other platforms, I thought I would mention that this auction house loan of £120K completed its last repayment today - 3 months into a 6 month loan, as is their custom. Paid 0.8% per month over this period.
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