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Post by carol167 on Feb 13, 2020 12:47:41 GMT
I know it can take sometime... but... I've been trying to sell £22 and it's now three complete days and counting and it's still showing zero sold.
Managed to sell out tens of thousands last week in about 48 hours.
Weird
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benaj
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Post by benaj on Feb 13, 2020 12:53:30 GMT
I have been told the sale process is "normal", just under 5 business working days. My partner received the fund just before the closing time yesterday. AFAIK, sales only happens during BUSINESS DAY. So any request initiated outside the operating hours will appear slightly longer. It does start early from 4am. p2pindependentforum.com/post/368425 |
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Post by befuddled on Feb 13, 2020 14:50:55 GMT
I know it can take sometime... but... I've been trying to sell £22 and it's now three complete days and counting and it's still showing zero sold.
Managed to sell out tens of thousands last week in about 48 hours.
Weird
I think safe to assume you're on their "sh** list" ....!
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Post by carol167 on Feb 13, 2020 14:57:58 GMT
I know it can take sometime... but... I've been trying to sell £22 and it's now three complete days and counting and it's still showing zero sold.
Managed to sell out tens of thousands last week in about 48 hours.
Weird
I think safe to assume you're on their "sh** list" ....!
and keep me around for longer ? Not the best strategy perhaps. ;-)
Hell hath no fury like an investor screwed....
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Post by jojo on Feb 13, 2020 17:36:09 GMT
Ahhh , are you starting to complain because there are 3 days to withdraw? i have never invested in Funding Circle but I heard some people are waiting since september, just to give objective comparison.
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ashtondav
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Post by ashtondav on Feb 13, 2020 21:31:23 GMT
£17,000. 7 days from instruction to in my bank account. V good compared to the tedious 1.2% club over on FC.
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Post by carol167 on Feb 14, 2020 12:50:23 GMT
4 days and acounting for just £22.
Not a complaint - just seems a bit odd for such a small amount given I managed tens of thousands in less than 24 hours last week.
[Edit : Correction 48 not 24]
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IFISAcava
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Post by IFISAcava on Feb 14, 2020 13:43:04 GMT
4 days and acounting for just £22.
Not a complaint - just seems a bit odd for such a small amount given I managed tens of thousands in less than 24 hours last week.
People starting to run perhaps, so a larger queue?
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Post by helpis on Feb 14, 2020 13:51:25 GMT
4 days and acounting for just £22.
Not a complaint - just seems a bit odd for such a small amount given I managed tens of thousands in less than 24 hours last week.
People starting to run perhaps, so a larger queue? That's a pretty scary thought. I guess this might end up being another total write off. How depressing.
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NSFW
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Post by NSFW on Feb 14, 2020 16:37:30 GMT
People starting to run perhaps, so a larger queue? That's a pretty scary thought. I guess this might end up being another total write off. How depressing. I cashed out recently, mostly cos I need the funds for a new home and all the costs involved. It took longer than I expected, after reading some investors saying everything sold in the same day etc. It was pending for days with zero sold and then everything sold in one day. Was tempted to post on here about it but didn't want to cause a panic. The time it takes must simply fluctuate.
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Post by jojo on Feb 14, 2020 16:42:25 GMT
That's a pretty scary thought. I guess this might end up being another total write off. How depressing. I cashed out recently, mostly cos I need the funds for a new home and all the costs involved. It took longer than I expected, after reading some investors saying everything sold in the same day etc. It was pending for days with zero sold and then everything sold in one day. Was tempted to post on here about it but didn't want to cause a panic. The time it takes must simply fluctuate. Like i said before, i think it is fair to be patient when you draw money ( think about people on FC that are waiting since June do draw), you are talking days, that sounds pretty normal to me, people thinks that investment are like going to the cash machine, that is different, it depends on the investor inflow and outflow, like during ISA season you might expect shorter time to draw, but in December when it is more quiet you might have to wait longer.
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Post by df on Feb 17, 2020 23:27:56 GMT
Took me 1 week to sell a small amount (completed today). Not as slow as I thought it might be.
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Post by gravitykillz on Feb 18, 2020 6:13:02 GMT
Took me 1 week to sell a small amount (completed today). Not as slow as I thought it might be. Was just thinking how ironic this is. A few months ago people were complaining about how long it takes to invest. Investing time used to be a few weeks. Now people are complaining about the time it takes to exit.
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Post by carol167 on Feb 18, 2020 7:28:24 GMT
That's the problem with p-2-p now. Having had quite a few platforms fall by the wayside, seasoned investors are jittery. Platforms here one minute and folded the next and not with the expected wind down processes that we all thought they would go through. Many investors have had their fingers burnt and trust is not high when a platform gets into difficulties, especially when badly managed like LW.
[Edit: And several months ago, back when LW was a liked and trusted platform, people thought their money was being loaned at the interest rate the dashboard said they were getting. How foolish of them... ]
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benaj
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Post by benaj on Feb 18, 2020 8:29:20 GMT
Took me 1 week to sell a small amount (completed today). Not as slow as I thought it might be. My partner made a sale request on 13th, the Growth loan part was sold late yesterday (17th Feb), just under 3 business days. Interest shortfall penalty is 0.26% compared to 3.1% last week. I say liquidity it's still pretty good. LW claims it is "normal" to sell them within 5 business days. p2pindependentforum.com/post/368533
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