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Post by nooneere on Feb 15, 2021 13:46:13 GMT
New Tweet from Elfin Market yesterday: "IT'S FINALLY COMING We'll be making a huge announcement on Monday Can you guess what it might be?" Must be the first P2P credit card - interesting times for this company. (No one suggest "Administration" please.) I guessed wrong; though it's not administration ... their mobile app will be launched on 1 March. Not being a smartphone-centric borrower, I'm not able to assess the impetus this will give, but they seem excited.
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Post by df on Feb 15, 2021 14:02:24 GMT
New Tweet from Elfin Market yesterday: "IT'S FINALLY COMING We'll be making a huge announcement on Monday Can you guess what it might be?" Must be the first P2P credit card - interesting times for this company. (No one suggest "Administration" please.) I guessed wrong; though it's not administration ... their mobile app will be launched on 1 March. Not being a smartphone-centric borrower, I'm not able to assess the impetus this will give, but they seem excited. I don’t know statistics, but guessing that probably by now more than half of UK’s population are using mobile app banking as their primary banking method and the proportion is growing. So I understand why they are excited, this could attract more potential borrowers.
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Post by df on Feb 18, 2021 20:00:05 GMT
It took 4 days for deposit to be invested. Happened in one go from 0% to 100%. Is this a regular time frame or does it fluctuate?
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ilmoro
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'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 Feb 18, 2021 20:10:32 GMT
It took 4 days for deposit to be invested. Happened in one go from 0% to 100%. Is this a regular time frame or does it fluctuate? Taken same for my reinvest, not quite all in and the other investments have dropped a bit. Next months interest seem to have taken a 30% drop after this month's 100% increase.
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mrdc
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Post by mrdc on Feb 19, 2021 9:55:15 GMT
It took 4 days for deposit to be invested. Happened in one go from 0% to 100%. Is this a regular time frame or does it fluctuate? My reinvestment took the same. I'm back up to 97%. March interest back to normal after fourfold increase in February.
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scm505
New Member
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Post by scm505 on Feb 23, 2021 16:49:28 GMT
I've logged in this afternoon and I get the following:
On loan: £101.11 In Queue: £-1.11
To me the in queue and value over the initial investment £100 would seem to cancel out, but it is a strange way of displaying it. Any thoughts?
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Greenwood2
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Post by Greenwood2 on Feb 25, 2021 8:57:54 GMT
I've logged in this afternoon and I get the following: On loan: £101.11 In Queue: £-1.11 To me the in queue and value over the initial investment £100 would seem to cancel out, but it is a strange way of displaying it. Any thoughts? I've had odd transient values, with more than 100% of funds on loan it usually corrects after a day or two. Someone suggested the % figures included interest, ie, if you had £10 interest on £100 investment you could have 110% of your initial investment deployed, but since you only recently deposited funds you won't have any interest credited yet, and similarly the first time I saw something like that I had only just started lending. I've never noticed a balancing negative in the queue but I have several tranches of funds so it would probably be obscured by the other ones having +ve funds in the queue.
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benaj
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Post by benaj on Mar 31, 2021 11:09:52 GMT
Can someone post some numbers regarding Elfin Market lending volume?
If it is so cheap and easy to borrow, it should be popular right?
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Greenwood2
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Post by Greenwood2 on Mar 31, 2021 12:10:38 GMT
Can someone post some numbers regarding Elfin Market lending volume? If it is so cheap and easy to borrow, it should be popular right? I don't think there are any statistics yet, lending seems to happen fairly quickly I'm 87% deployed currently, it goes up and down, presumably as people repay or take out more. I would like to see something on missed payments etc, but I guess there may not be enough data to say anything meaningful. I thought I saw something about number of borrowers on social media somewhere but can't find it now.
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Post by Ace on Mar 31, 2021 13:03:15 GMT
Can someone post some numbers regarding Elfin Market lending volume? If it is so cheap and easy to borrow, it should be popular right? There was an update posted on Seedrs in Feb for equity investors. I don't think it's legit to copy this to an open forum, but suffice to say the numbers were positive. If you contact Elfin directly they may be willing to send you a copy.
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firedog
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Post by firedog on Mar 31, 2021 13:08:05 GMT
There was a post on Twitter last year marking the milestone of £1m in loans. Hardly a set of audited accounts, but still.
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Greenwood2
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Post by Greenwood2 on Apr 21, 2021 12:49:57 GMT
There was a post on Twitter last year marking the milestone of £1m in loans. Hardly a set of audited accounts, but still. Facebook now says £5M lent.
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ilmoro
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'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 Apr 28, 2021 10:14:30 GMT
Anyone found where the tax statements are? Doesnt seem to be any way to generate one for a previous year.
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Greenwood2
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Post by Greenwood2 on Apr 28, 2021 10:49:29 GMT
Anyone found where the tax statements are? Doesnt seem to be any way to generate one for a previous year. You can use 'Custom Dates' under 'Amount Earned', to get the interest for the tax year.
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ilmoro
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'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 May 9, 2021 11:49:17 GMT
Anyone found where the tax statements are? Doesnt seem to be any way to generate one for a previous year. You can use 'Custom Dates' under 'Amount Earned', to get the interest for the tax year. As a follow up. I requested my tax statement. The amount of interest earnt is net of any claimable bad debt so the sums displayed on the website do not reflect the gross interest earned in my case. So for the purposes of SA, if you are not going to claim loss relief you will need to request a tax statement.
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