chris1200
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Post by chris1200 on Aug 12, 2020 10:36:00 GMT
My general presumption on this forum these days is "no"
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aju
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Post by aju on Aug 12, 2020 10:36:06 GMT
When Ratesetter use automatic reinvestment (so that your money is always earning) then it is. Have you read my reply? If no loans were written... there would be no re-investment, thereby, meaning the queue would end with 5 years as that is the maximum loan length I guess one can assume that at some point loans would not be written but at the moment don't RS manage it until a certain time before they have to run it down. I looked on TP to see if there are reviews for borrowers but there does not seem to be any recently. People seem to be using RS TP as a forum with essays on the good and the bad! The most recent review of a borrower was 2/8 but its not always obvious when they borrowed. usually it seemed that there would sometimes be nothing and all of a sudden a tranche of good reviews came along mostly from borrowers. I may be paranoid but it was usually when I complained their site differed from TP ratings but there was nothing conclusive. I just checked and I can get a quote nothing to say I can't borrow so I assume there are new loans being written still.
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aju
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Post by aju on Aug 12, 2020 10:37:24 GMT
My general presumption on this forum these days is "no" Now now, play nicely !
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
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Post by beagle on Aug 12, 2020 10:38:15 GMT
My general presumption on this forum these days is "no" Indeed that is what I read too.
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chris1200
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Post by chris1200 on Aug 12, 2020 10:39:35 GMT
I guess one can assume that at some point loans would not be written but at the moment don't RS manage it until a certain time before they have to run it down. I looked on TP to see if there are reviews for borrowers but there does not seem to be any recently. People seem to be using RS TP as a forum with essays on the good and the bad! The most recent review of a borrower was 2/8 but its not always obvious when they borrowed. usually it seemed that there would sometimes be nothing and all of a sudden a tranche of good reviews came along mostly from borrowers. I may be paranoid but it was usually when I complained their site differed from TP ratings but there was nothing conclusive. I just checked and I can get a quote nothing to say I can't borrow so I assume there are new loans being written still. aju , further to all the discussions we've had above about the amount of new lending happening... I'm somewhat confused as to how you could be unsure whether new loans are still being written right now - you literally posted graphs showing how much was happening just yesterday! Edit: Not to mention the amount this has been discussed repeatedly all over this forum for weeks. Sometimes it's like having to start over with a tabula rasa again every day.
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
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Post by beagle on Aug 12, 2020 10:40:06 GMT
Have you read my reply? If no loans were written... there would be no re-investment, thereby, meaning the queue would end with 5 years as that is the maximum loan length I guess one can assume that at some point loans would not be written but at the moment don't RS manage it until a certain time before they have to run it down. I looked on TP to see if there are reviews for borrowers but there does not seem to be any recently. People seem to be using RS TP as a forum with essays on the good and the bad! The most recent review of a borrower was 2/8 but its not always obvious when they borrowed. usually it seemed that there would sometimes be nothing and all of a sudden a tranche of good reviews came along mostly from borrowers. I may be paranoid but it was usually when I complained their site differed from TP ratings but there was nothing conclusive. I just checked and I can get a quote nothing to say I can't borrow so I assume there are new loans being written still. Well yes loans will be written until the FCA confirm the sale and Metro can actually get on with it. Until that point ratesetter will write loans and plenty of them but they will still be 5 years max and expire within 5 years Aju, do you have a bit of a TP passion?
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aju
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Post by aju on Aug 12, 2020 10:49:19 GMT
I guess one can assume that at some point loans would not be written but at the moment don't RS manage it until a certain time before they have to run it down. I looked on TP to see if there are reviews for borrowers but there does not seem to be any recently. People seem to be using RS TP as a forum with essays on the good and the bad! The most recent review of a borrower was 2/8 but its not always obvious when they borrowed. usually it seemed that there would sometimes be nothing and all of a sudden a tranche of good reviews came along mostly from borrowers. I may be paranoid but it was usually when I complained their site differed from TP ratings but there was nothing conclusive. I just checked and I can get a quote nothing to say I can't borrow so I assume there are new loans being written still. Well yes loans will be written until the FCA confirm the sale and Metro can actually get on with it. Until that point ratesetter will write loans and plenty of them but they will still be 5 years max and expire within 5 years Aju, do you have a bit of a TP passion? Not really, I've been having a battle with RS and their indications on most of their pages that they are "excellent" and they are not sometimes in fact they went down quite a way a few months ago, their site did not reflect this though. They kept saying it was automatic but they would look into it but in a few days it would be restored by what looked like large tranches of reviews - if Which definitions were to be used i'd be a little suspect of the 1 review reviews with few words. I'm being slightly unfair as I think that RS or TP would suddenly have a tranche passed through and it just restored the figures for them. It's a longer story than that but I just switch over there occasionally and I went there today and it looks more like a forum than reviews anymore and as i say the last one is over a week ago for borrowing. RS clearly points people at TP when they open an account and they have claimed it.
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aju
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Post by aju on Aug 12, 2020 10:57:41 GMT
I guess one can assume that at some point loans would not be written but at the moment don't RS manage it until a certain time before they have to run it down. I looked on TP to see if there are reviews for borrowers but there does not seem to be any recently. People seem to be using RS TP as a forum with essays on the good and the bad! The most recent review of a borrower was 2/8 but its not always obvious when they borrowed. usually it seemed that there would sometimes be nothing and all of a sudden a tranche of good reviews came along mostly from borrowers. I may be paranoid but it was usually when I complained their site differed from TP ratings but there was nothing conclusive. I just checked and I can get a quote nothing to say I can't borrow so I assume there are new loans being written still. aju , further to all the discussions we've had above about the amount of new lending happening... I'm somewhat confused as to how you could be unsure whether new loans are still being written right now - you literally posted graphs showing how much was happening just yesterday! Edit: Not to mention the amount this has been discussed repeatedly all over this forum for weeks. Sometimes it's like having to start over with a tabula rasa again every day. Here we go again I posted graphs that showed how the loan/borrower throughput went and how recently it has showed a marked decline. One cannot be certain from those graphs where the money is coming from but comparing the steady increase in amounts up until the mar period and then the levelling of that seection to now give or take a few 100k each week. It was clear to me that new funds had dropped off and were now really showing that much of a change since march churn wise anyway. There are new loans I never said there weren't I just said that your theory may be flawed. That's it no point in going further, I've 5Y money to keep an eye on as my new product levels are minimal compared to the old products. If both myself and Mrs Aju get the 5Y out over the next week then that will bring my funds under better and safe control across all platform non p2p and p2p.
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savernake
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Post by savernake on Aug 12, 2020 10:59:34 GMT
I dont trust what's written on TP at all. Its too easy for a company to get their employees/family/friends to post glowing reviews to make them look better.
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chris1200
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Post by chris1200 on Aug 12, 2020 11:00:55 GMT
Here we go again I posted graphs that showed how the loan/borrower throughput went and how recently it has showed a marked decline. One cannot be certain from those graphs where the money is coming from but comparing the steady increase in amounts up until the mar period and then the levelling of that seection to now give or take a few 100k each week. It was clear to me that new funds had dropped off and were now really showing that much of a change since march churn wise anyway. There are new loans I never said there weren't I just said that your theory may be flawed. Am I going mad...? Your graphs showed how much new lending RS was doing each week, no? So I was confused about why you would need to go on TP to try to find out whether new lending was happening... Please someone tell me if I'm going mad?
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aju
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Post by aju on Aug 12, 2020 11:06:20 GMT
I dont trust what's written on TP at all. Its too easy for a company to get their employees/family/friends to post glowing reviews to make them look better. I don't think I said I trusted it, I didn't even know it existed for RS till I was bored one day last year when yet another change to their unsightly colours etc and noticed it at the end of almost every page. I wondered what it might say. In fact there are two TP sites one claimed by RS and an unofficial one that they didn't seem to know or care about on ratesetter.co.uk until I told them and then they seem to have not taken steps to block it. That one used to be very critical but now the official one seems to have gone that way too!. For the record I usually take a few months understanding any new investment I make before I jump in in anger and more especially with p2p sites I'm only in 2 and am bailing in both.
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robski
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Post by robski on Aug 12, 2020 11:11:00 GMT
Here we go again I posted graphs that showed how the loan/borrower throughput went and how recently it has showed a marked decline. One cannot be certain from those graphs where the money is coming from but comparing the steady increase in amounts up until the mar period and then the levelling of that seection to now give or take a few 100k each week. It was clear to me that new funds had dropped off and were now really showing that much of a change since march churn wise anyway. There are new loans I never said there weren't I just said that your theory may be flawed. Am I going mad...? Your graphs showed how much new lending RS was doing each week, no? So I was confused about why you would need to go on TP to try to find out whether new lending was happening... Please someone tell me if I'm going mad? Your not, this forum has taken a bizarre turn the last few days, I can only put it down to the heat We KNOW RS are lending new loans, they tell us they are, and the stats page shows circa £5M per week being written We almost 100% know that no new lending is happening in 5 year We know with a lot of certainty, a good proportion of new lending is going into APM We have zero evidence of how the lending funding is split, between reinvestment and new money, but its not really of any value We know APM RYIs are a trickle as the new&reinvested combined most days seems to be similar to the amount of new loans being written We know 1 Year is still active for new lending as well, but as ever that seems to be highly sporadic and "blippy"
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aju
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Post by aju on Aug 12, 2020 11:12:29 GMT
Here we go again I posted graphs that showed how the loan/borrower throughput went and how recently it has showed a marked decline. One cannot be certain from those graphs where the money is coming from but comparing the steady increase in amounts up until the mar period and then the levelling of that seection to now give or take a few 100k each week. It was clear to me that new funds had dropped off and were now really showing that much of a change since march churn wise anyway. There are new loans I never said there weren't I just said that your theory may be flawed. Am I going mad...? Your graphs showed how much new lending RS was doing each week, no? So I was confused about why you would need to go on TP to try to find out whether new lending was happening... Please someone tell me if I'm going mad? I think you must be ... the graphs I gave you showed that new lending was increasing over the whole period up to march but became confused on the 1st graph so I narrowed the second to the lst 12 months and cliff edge sticks out like a sore thumb. They then show somewhat of a seemingly level state give or take a few ups and downs on some weeks of 100k (an estimate sadly) as I said. I'm not convinced there is that much new lending but hey I'm not working for RS and they don't reveal that least of all at the moment I'd think I haven;t check there monthly reports but they are a month out anyway. Sorry to the others but I've been sucked in again.
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aju
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Post by aju on Aug 12, 2020 11:18:04 GMT
What is the definition of new lending I'm talking about new money coming in not returns from last month being lend to others perhaps I've misunderstood things. for me the graphs are rising up too quickly over the last 10 years to mean it's all down to interest received and regurgitated it's new incoming money Is it not?. The money at the moment may well still be coming in but not in big numbers and its reversed out of RS as quickly as it can since march. I'm going to bow out now as I seem not to adding anything of any value and i'll just get on with my other life, sadly there is no where I can get any better deal than yesterdays free £200 from hfx but i'm sure one will be along soon... fingers crossed as always.
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chris1200
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Post by chris1200 on Aug 12, 2020 11:19:47 GMT
Your not, this forum has taken a bizarre turn the last few days, I can only put it down to the heat Thank god - I feel like I've been talking to a brick wall the last few days I think you must be ... the graphs I gave you showed that new lending was increasing over the whole period up to march but became confused on the 1st graph so I narrowed the second to the lst 12 months and cliff edge sticks out like a sore thumb. They then show somewhat of a seemingly level state give or take a few ups and downs on some weeks of 100k (an estimate sadly) as I said. I'm not convinced there is that much new lending but hey I'm not working for RS and they don't reveal that least of all at the moment I'd think I haven;t check there monthly reports but they are a month out anyway. aju - Sorry, but what on earth are you going on about? You've just confirmed that the graphs "showed new lending". Yes RS do show how much new lending is happening - we see it in these very charts (as you've just said!) and on the monthly statistics. We know new lending is happening - it's been the basis of almost every post on here for weeks. All my point was was that, given this, it was bizarre for you to feel you had to go onto TP to try to find out if new lending was happening and then post about this uncertainty. Goodness me. But Greenwood2 thinks you're on the ball, so that's good enough for me!
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