jcb208
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Post by jcb208 on Apr 29, 2020 20:03:13 GMT
Also the 1 year and 5 year markets have a fee which will be helping their financial situation... What they are doing makes. What I think is an interesting question is how much of a fee would some in the access queue be willing to pay to speed up the "access" to their money...? Now your giving them ideas . Your right some will pay a fee to jump the queue even me for some of my nvestments
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Post by oppsididitagain on Apr 29, 2020 20:21:20 GMT
Also the 1 year and 5 year markets have a fee which will be helping their financial situation... What they are doing makes. What I think is an interesting question is how much of a fee would some in the access queue be willing to pay to speed up the "access" to their money...? I wish it was like OIL - they should be paying us to cancel our withdrawals :-)
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robski
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Post by robski on Apr 29, 2020 21:01:43 GMT
Also the 1 year and 5 year markets have a fee which will be helping their financial situation... What they are doing makes. What I think is an interesting question is how much of a fee would some in the access queue be willing to pay to speed up the "access" to their money...? Its interesting that the Plus, Max, 1 year and 5 year markets are more accessible than the Access market. I think that in the future that this inequality will turn investors away from RS. plus max and access ARE THE SAME MARKET. If i had 1p for every person who misrepresents what they are ...
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Post by BrianC on Apr 30, 2020 13:58:54 GMT
Large withdrawals from 15th March being processed today in the 1 year market whilst it appears nothing to Access again. It’s pretty underhand in my opinion. I hopefully shouldn’t need to worry as I’m at the very top of the Access queue but it’s really not fair on everyone else lower down in the Access queue. Basically you won’t get your money until they’ve exhausted all the fee paying and higher rate withdrawals. I agree with the need to rename Access back to Rolling. Most Access money will be repaid through normal repayments I’d think before actual withdrawals are processed.
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chris1200
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Post by chris1200 on Apr 30, 2020 14:14:55 GMT
Large withdrawals from 15th March being processed today in the 1 year market whilst it appears nothing to Access again. It’s pretty underhand in my opinion. I hopefully shouldn’t need to worry as I’m at the very top of the Access queue but it’s really not fair on everyone else lower down in the Access queue. Basically you won’t get your money until they’ve exhausted all the fee paying and higher rate withdrawals. I agree with the need to rename Access back to Rolling. Most Access money will be repaid through normal repayments I’d think before actual withdrawals are processed. Once again, what makes you so sure there is 'nothing' for Access? How do you know there aren't a few high rollers in front of you with multi-million pound withdrawal requests?
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Post by james91 on Apr 30, 2020 14:21:49 GMT
Large withdrawals from 15th March being processed today in the 1 year market whilst it appears nothing to Access again. It’s pretty underhand in my opinion. I hopefully shouldn’t need to worry as I’m at the very top of the Access queue but it’s really not fair on everyone else lower down in the Access queue. Basically you won’t get your money until they’ve exhausted all the fee paying and higher rate withdrawals. I agree with the need to rename Access back to Rolling. Most Access money will be repaid through normal repayments I’d think before actual withdrawals are processed. I agree. Doesn't seem fair that people in the 5yr market who requested their money on the 16th are getting theirs back now, whereas people in the "access" market who requested on that date are probably going to be waiting another 2 or so months. The reason most people chose the lower interest rates of access, rather than the 5yr or 1yr, is so they could actually access their money at short notice. Ratesetter have quietly remove a few paragraphs of text on their website about the speed in which people in the access market can typically withdraw, which is fine, but just doesn't seem fair to be prioritising the non-access markets. A simple queue based on request time for everyone would be so much fairer. Am I missing something?
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Post by erniec on Apr 30, 2020 14:23:54 GMT
Large withdrawals from 15th March being processed today in the 1 year market whilst it appears nothing to Access again. It’s pretty underhand in my opinion. I hopefully shouldn’t need to worry as I’m at the very top of the Access queue but it’s really not fair on everyone else lower down in the Access queue. Basically you won’t get your money until they’ve exhausted all the fee paying and higher rate withdrawals. I agree with the need to rename Access back to Rolling. Most Access money will be repaid through normal repayments I’d think before actual withdrawals are processed. Once again, what makes you so sure there is 'nothing' for Access? How do you know there aren't a few high rollers in front of you with multi-million pound withdrawal requests? If I understand correctly, there is no overlap between the products. The 1 year product is only serviced by 1 year loans and money.
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chris1200
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Post by chris1200 on Apr 30, 2020 14:26:45 GMT
Once again, what makes you so sure there is 'nothing' for Access? How do you know there aren't a few high rollers in front of you with multi-million pound withdrawal requests? If I understand correctly, there is no overlap between the products. The 1 year product is only serviced by 1 year loans and money. That isn't related to my point. BrianC is stating that no money has been released to Access account holders. I'm asking how he knows that. (I'd contend all he knows is that they haven't got to him yet.) Edit: I did try to warn of these potentially erroneous judgements before... p2pindependentforum.com/post/380431/thread
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savernake
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Post by savernake on Apr 30, 2020 14:34:06 GMT
Bearing in mind the 5yr and 1yr markets have now been closed to new investment, what happens to the holdings that are being released from these markets? Are they being re-allocated into the Access/Plus/Max market?
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ceejay
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Post by ceejay on Apr 30, 2020 14:41:43 GMT
Bearing in mind the 5yr and 1yr markets have now been closed to new investment, what happens to the holdings that are being released from these markets? Are they being re-allocated into the Access/Plus/Max market? They're not closed to new investment - they're closed to new INVESTORS. Anyone that is in these markets now can carry on investing in them, either with new money or by recycling repaid loans (which is almost certainly why the 1Y and 5Y RYIs are going more quickly)
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Post by erniec on Apr 30, 2020 14:42:59 GMT
Bearing in mind the 5yr and 1yr markets have now been closed to new investment, what happens to the holdings that are being released from these markets? Are they being re-allocated into the Access/Plus/Max market? These markets are not closed. Those active in them can continue until RS decide to phase them out, like they did to the 3 yr.
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mrdc
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Post by mrdc on Apr 30, 2020 15:09:46 GMT
Whatever system of RYI they decide on there will be winners and losers. Provided they keep the platform afloat during this pandemic and preserve our capital i for one would be satisfied. If administrators get their hands on it we will know what unfair means.
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Post by BrianC on Apr 30, 2020 15:44:46 GMT
Large withdrawals from 15th March being processed today in the 1 year market whilst it appears nothing to Access again. It’s pretty underhand in my opinion. I hopefully shouldn’t need to worry as I’m at the very top of the Access queue but it’s really not fair on everyone else lower down in the Access queue. Basically you won’t get your money until they’ve exhausted all the fee paying and higher rate withdrawals. I agree with the need to rename Access back to Rolling. Most Access money will be repaid through normal repayments I’d think before actual withdrawals are processed. Once again, what makes you so sure there is 'nothing' for Access? How do you know there aren't a few high rollers in front of you with multi-million pound withdrawal requests? I think you’ll find I said “it appears”. ie we’re not seeing evidence of much Access activity. Maybe there are just a few high rollers ahead of me but it still “appears” nothing is moving in Access!
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jcb208
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Post by jcb208 on Apr 30, 2020 15:50:32 GMT
At the current rate I will get back my money through repayments quicker then RYI,I must say though there's a lot more coming back then through Assetz that's about £2.00 a day now
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chris1200
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Post by chris1200 on Apr 30, 2020 15:53:39 GMT
Once again, what makes you so sure there is 'nothing' for Access? How do you know there aren't a few high rollers in front of you with multi-million pound withdrawal requests? I think you’ll find I said “it appears”. ie we’re not seeing evidence of much Access activity. Maybe there are just a few high rollers ahead of me but it still “appears” nothing is moving in Access! You don't just get to write something completely spurious and it's okay just because you put "it appears" before it. All it currently "appears", in fact, is that they have not processed enough repayments to get to you. You have absolutely zero evidence that "nothing is moving" in Access because you have absolutely no idea how much is before you in the queue. If you're making these assertions, it's for you to have evidence and not the other way around. Too many people irresponsibly write complete nonsense on this forum when they're frustrated.
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