sd2
Member of DD Central
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Post by sd2 on Jun 26, 2020 19:28:08 GMT
So so slow. Access has been stuck at request from the 12th march for ages. Oh well at least I am getting 3.2%. Could be worse 1.5%!
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Post by shanghaiscouse on Jun 27, 2020 11:11:23 GMT
So so slow. Access has been stuck at request from the 12th march for ages. Oh well at least I am getting 3.2%. Could be worse 1.5%! You have no idea what your final outcome will be. You assume the PF will be sufficient to avoid them having to go into capital to replenish it. In my view this is an impossibility, they will have to go into capital. Only now as borrower's 3-month forbearnace periods are coming to an end will the real levels of bad debt emerge and the PF be swamped.
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aju
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Post by aju on Jun 27, 2020 13:43:14 GMT
Good afternoon. Today we have delivered £0.4m. The full update follows below: I wonder if RS thinks that if they keep saying the quoted line we'll actually believe they are sorry. Mind you if the politicos and scientists at the now defunct daily briefings can repeatedly say "thankyou you for your question" and worse "..that's an excellent/very important question" can get away with it I guess it might work...
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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 27, 2020 19:29:08 GMT
Good afternoon. Today we have delivered £0.4m. The full update follows below: I wonder if RS thinks that if they keep saying the quoted line we'll actually believe they are sorry. Mind you if the politicos and scientists at the now defunct daily briefings can repeatedly say "thankyou you for your question" and worse "..that's an excellent/very important question" can get away with it I guess it might work... i bet they are actually sorry. as the book shrinks the cash out does too. the thing is i am not sure what they can actually do
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Post by RateSetter on Jun 29, 2020 16:03:17 GMT
Good afternoon everyone. Today we have delivered £0.4m. The full update is below:
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jcb208
Member of DD Central
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Post by jcb208 on Jun 29, 2020 16:54:41 GMT
Money released defiantly on the decrease now ,last 2 days 0.4 million each
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adrian77
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Post by adrian77 on Jun 29, 2020 17:00:29 GMT
be interesting to see what tomorrow brings!
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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 29, 2020 18:31:43 GMT
loan book reduction but it seems access is getting it today which is good but certainly about 25% less now then the start.
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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 29, 2020 18:34:05 GMT
Very disappointing. Also reporting £0.3m RYIs cancelled. to be fair those who cancel will have largely done now. it wont grow unless something changes. 25 million is a good reflection of trust though.
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tcuk
Posts: 23
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Post by tcuk on Jun 29, 2020 22:48:09 GMT
25 million is a good reflection of trust though. The ratesetter notices about RYIs cancelled actually says "cancelled or reduced" I wouldn't be surprised if the reduced bit includes the amounts those of us that are drip feeding money out (via setting our rate at 8%). So it's doesn't mean any more liquidity, or any more trust... The opposite in fact! I requested RYI of my investment of 20.5K on 19/3. I eventually realised it was going to take forever and started drip feeding out at the end of May. My RYI is now 19.4K so it means I've reduced my request by 1.1k but that's not money in that I've left to invest, its been withdrawn from RS entirely.
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adrian77
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Post by adrian77 on Jun 30, 2020 7:41:44 GMT
exactly what I thought and what I am doing - despite the fact I had negative replies to my question regarding this!
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aju
Member of DD Central
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Post by aju on Jun 30, 2020 11:49:45 GMT
I'm keeping a comparison week on week of the RS investment release processing data measured against the Weekly volume info on the day I notice the changes. If anyone is interested in this comparison it can be found here
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Post by RateSetter on Jun 30, 2020 16:47:00 GMT
Good afternoon. Today we have delivered £1.3m and the full update is below:
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adrian77
Member of DD Central
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Post by adrian77 on Jun 30, 2020 17:27:31 GMT
welcome improvement to yesterday !
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Post by jojo on Jun 30, 2020 21:23:45 GMT
welcome improvement to yesterday ! And people seems to forget on the calculation (and it doesnt seems that RS is communicated much as they should/could), it the fact that normal reimbursement of loans have give Lenders back at least minimum 10% in the last 3 months, and from what i have read on this forum, sometimes it is even more, so actually, considering that RS portfolio was 850 M in March so 85 M was give back to lenders since lockdown. Total is then : 62 M +25 M cancelled + 85 M repayments = 172 M Not sure why RS is not communicating on these figure to show their effort from a lender prospective.
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