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Post by RateSetter on Jun 17, 2020 16:17:35 GMT
Good afternoon. Today we have delivered £0.7m. The full update follows below:
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Post by RateSetter on Jun 18, 2020 16:14:24 GMT
Good afternoon. Today we have delivered £0.4m and the full update is below:
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Post by Deleted on Jun 18, 2020 16:43:08 GMT
RateSetter, I'm guessing you released 0.4 million today (3.1 - 2.7) but please confirm as the text is missing above.
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Post by RateSetter on Jun 18, 2020 17:03:44 GMT
thanks @inv11, not sure what happened to the text there... now updated.
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Post by freddles91 on Jun 18, 2020 17:30:51 GMT
Good afternoon. Today we have delivered £0.4m and the full update is below: Ratesetter do you have any plans to show how much has been released per market each day as opposed to just overall? Considering most people are probably waiting on the Access that would be a benefit.
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Post by freefalljunkie on Jun 19, 2020 8:33:06 GMT
It is increasingly obvious that these daily updates from Ratesetter are an irrelevance for anyone waiting for an Access release as the queue is clearly barely moving if at all, and all the money must be getting released in the other markets. I suspect the only hope for Access is the deal with Metrobank going through to provide some much needed liquidity. The Ratesetter ship has hit the iceberg, the provision fund lifeboats are all leaking badly, and unless a big fat rescue arrives soon RS is heading straight for Davey's locker.
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Post by federix on Jun 19, 2020 8:47:25 GMT
It is increasingly obvious that these daily updates from Ratesetter are an irrelevance for anyone waiting for an Access release as the queue is clearly barely moving if at all, and all the money must be getting released in the other markets. I suspect the only hope for Access is the deal with Metrobank going through to provide some much needed liquidity. The Ratesetter ship has hit the iceberg, the provision fund lifeboats are all leaking badly, and unless a big fat rescue arrives soon RS is heading straight for Davey's locker. Is that what you're referring to? en.wikipedia.org/wiki/Davy_Jones%27_LockerAlways something new to learn ;-)
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Post by RateSetter on Jun 19, 2020 16:13:44 GMT
Good afternoon. Today we have delivered £0.4m and the full update is below:
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Post by scepticalinvestor on Jun 19, 2020 20:40:22 GMT
"We are currently working on requests made on the evening of 12th March in Access, Plus and Max..."
This is new. Dare we hope that the end of the 12th is near...
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Post by Ace on Jun 19, 2020 22:21:13 GMT
"We are currently working on requests made on the evening of 12th March in Access, Plus and Max..." This is new. Dare we hope that the end of the 12th is near... You can hope but... The first reported repayment date for an Access RYI repayment is 20th April. If we define "evening" as the last quarter of a day (18:00 to 24:00) then its taken 60 days to process 3/4 of a day's requests. All things being equal it might take about 20 more days to clear the final quarter of 12th March requests. Unfortunately this prediction takes no account of: - The fact that releases have slowed since the interest rates were halved.
- The likelyhood that most requests will have been made in the evening, after people return from work.
- The rate of RYI cancellations is likely to slow/stop. Most who are likely to cancel will surely have done it by now.
So, the above prediction of 20 days to go for 12 March's RYIs is likely an underestimate.
WARNING: My predictions for RS have not been very reliable so far.
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Post by Deleted on Jun 20, 2020 8:27:47 GMT
Based on the reference numbers on page 1, there's about 33% of 12/3 requests to go. That would mean 60 days to do 2/3, so another 30 days to clear the rest of 12 March, ignoring your other bullets which seem valid too.
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woodie
Member of DD Central
Posts: 120
Likes: 78
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Post by woodie on Jun 21, 2020 11:13:36 GMT
I was expecting some 1 year market completions next week, but I've noticed that all the completion dates have been bumped forward by three months.
I realise that a three month extension has been offered to borrowers, but on all of them? Have I get this round my neck (as usual) ?
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Post by erniec on Jun 21, 2020 12:56:00 GMT
I was expecting some 1 year market completions next week, but I've noticed that all the completion dates have been bumped forward by three months. I realise that a three month extension has been offered to borrowers, but on all of them? Have I get this round my neck (as usual) ? Interesting. I have 4 loans in the 1 year. All currently have their original repayment dates. 3 of the 4 are due to repay between now and 1 September. Personally, I would be annoyed if they were pushed back.
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Post by RateSetter on Jun 22, 2020 18:30:12 GMT
Good evening all. Today we have delivered £0.9m, the full update is below:
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
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Post by beagle on Jun 23, 2020 12:45:52 GMT
in light of everything. credit they still plough on. perhaps to the very end but they keep ploughing. alot of respect for the valiant stand.
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