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Post by gravitykillz on Feb 9, 2020 8:42:10 GMT
I miss landbay !!
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Post by carol167 on Feb 9, 2020 8:51:02 GMT
Curious to know why AssetzCapital is so popular for people? Loans by assetz are secured on property unlike lending works and ratesetter which deal primarily in unsecured loans. So if a loan does go bad it is not a 100% loss. Loanpad does this at a lower ltv than assetz. But assetz is more established and more liquid. Plus their % rates for the black box accounts are higher rates than RS's equivalent MR's. p2pfan
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benaj
Member of DD Central
Posts: 4,855
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Post by benaj on Feb 9, 2020 8:51:56 GMT
Loans by assetz are secured on property unlike lending works and ratesetter which deal primarily in unsecured loans. So if a loan does go bad it is not a 100% loss. Loanpad does this at a lower ltv than assetz. But assetz is more established and more liquid. Plus their % rates for the black box accounts are higher rates than RS's equivalent MR's. p2pfanPlus other rate promotions
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number5
Member of DD Central
Posts: 449
Likes: 98
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Post by number5 on Feb 9, 2020 17:18:07 GMT
What are the highlights of Unbolted that makes it so popular?
There is no SM? What are the average XIRR people are getting?
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benaj
Member of DD Central
Posts: 4,855
Likes: 1,591
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Post by benaj on Feb 9, 2020 17:27:05 GMT
What are the highlights of Unbolted that makes it so popular? There is no SM? What are the average XIRR people are getting? Mine was ok. My XIRR is currently 6.88% (excluding accrued interest). Some reported 8% if you have a portfolio of loans repay interest monthly @ 0.8% a month. The infamous court case and my Auto-lend mistake contributed my lower return. My guess most people who vote only goes for the headline rate and not all voters voted 5. 173 votes by 55 people, average votes per person, 3.14
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Post by Ace on Feb 9, 2020 17:35:53 GMT
What are the highlights of Unbolted that makes it so popular? There is no SM? What are the average XIRR people are getting? It's been a consistent performer for me. All loans are secured. I haven't lost on any loan yet. Diversification from usual property based or unsecured p2p types. Most loans are only 6 months, so switching off relending and withdrawing payments results in funds being returned fairly quickly. My XIRRs are: 8.49% on 2 year old account, 8.35% on 1 year old account.
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Post by Deleted on Feb 16, 2020 8:31:14 GMT
I'm surprised anyone can list 5 they like ..... and who gave LW a vote!!! I gave LW a vote! (2nd place) as [for me] they have been superb. Slightly higher rates than expected on their ISA and no issues selling out a non-ISA. It is amazing what different experiences we all seem to have with the same platforms. I have tried well over a dozen platforms since P2P fruition and it has been a roller coaster ride for sure. The early days of FC were incredible with sky high rates and few defaults but they became greedy and the P2P market became crowded, inevitably rates fell. Z had a different model and have been solid and safe until about a year ago when the bad debts rallied...a real shame. My top two, my only two in fact, are in order: Ratesetter, Lendingworks.
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Post by Deleted on Feb 17, 2020 11:48:11 GMT
Care to share which three? Similar here. Lost faith in the the vast majority of platforms. They are full of hot air and hype when it comes to grabbing your money. When you get to the point of being due your money back on loans, that's when they show their true colours, and what you generally get is obfuscation, excuses and lies. LendInvest, Assetz Capital and Ratesetter.
Though I'm keeping an eye on the bar graph above cause I'm looking for new opportunities and I haven't tried some of the most popular ones so far like Crowd Property, LoanPad, Unbolted and ABLrate.
I would knock Unbolted off that list! Don't think this poll is being updated some how..
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Post by gravitykillz on Feb 17, 2020 18:58:50 GMT
Assetz capital seems to have more support than ratesetter. 6 votes for lending works! Wow. Data collected is quite surprising!!
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Post by gravitykillz on Feb 17, 2020 19:00:05 GMT
Something is very wrong when lending works gets more votes than lendinvest.
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Post by Undecided on Feb 17, 2020 21:00:10 GMT
With such a small number of votes it is meaningless. 6 LW staff could have voted.
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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
Posts: 10,840
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Post by ilmoro on Feb 17, 2020 21:01:47 GMT
Something is very wrong when lending works gets more votes than lendinvest. Not really. Its not P2P but an AIF and is limited to HNW/SSC investors so not necessarily going to have as wide a user base
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Post by Undecided on Feb 17, 2020 21:11:53 GMT
I'm surprised anyone can list 5 they like ..... and who gave LW a vote!!! I gave LW a vote! (2nd place) as [for me] they have been superb. Slightly higher rates than expected on their ISA and no issues selling out a non-ISA. It is amazing what different experiences we all seem to have with the same platforms. I have tried well over a dozen platforms since P2P fruition and it has been a roller coaster ride for sure. The early days of FC were incredible with sky high rates and few defaults but they became greedy and the P2P market became crowded, inevitably rates fell. Z had a different model and have been solid and safe until about a year ago when the bad debts rallied...a real shame. My top two, my only two in fact, are in order: Ratesetter, Lendingworks. Presumably your LW sell out was before 1 January? And what do you think of their recent backdoor underhand changes? Presumably you trust that they won’t make any further unfavourable changes?
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Post by df on Feb 17, 2020 23:20:35 GMT
I'm surprised anyone can list 5 they like ..... and who gave LW a vote!!! I could list 6 platforms that I have no plans to wind down or withdraw at this moment, so had to leave one out
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Post by Deleted on Feb 17, 2020 23:29:31 GMT
I gave LW a vote! (2nd place) as [for me] they have been superb. Slightly higher rates than expected on their ISA and no issues selling out a non-ISA. It is amazing what different experiences we all seem to have with the same platforms. I have tried well over a dozen platforms since P2P fruition and it has been a roller coaster ride for sure. The early days of FC were incredible with sky high rates and few defaults but they became greedy and the P2P market became crowded, inevitably rates fell. Z had a different model and have been solid and safe until about a year ago when the bad debts rallied...a real shame. My top two, my only two in fact, are in order: Ratesetter, Lendingworks. Presumably your LW sell out was before 1 January? And what do you think of their recent backdoor underhand changes? Presumably you trust that they won’t make any further unfavourable changes? Sadly the heady days of P2P are well and truly over, and lets face it we are all struggling to choose the best of a bad bunch. I have cut my exposure massively over the last eighteen months, sampled just about every platform out there with eight simultaneously on the go at one time. Now down to just two. I still like LW, not perfect but believe me none of them are. Fund investing is another thing and that is where my transfers are going. I would like to keep a little P2P in the mix but not hopeful tbh. The poll is a great idea but it is as pointless as car reliability reviews, in that everybody has an axe to grind somewhere.
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