star dust
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Post by star dust on Dec 5, 2014 15:58:23 GMT
I see this loan is completing today. (The loan description page says it's already live.) Is there any chance the interest and cashback payments will hit our accounts before PBL018 is fully taken up? That's what I'm hoping, seems it might be a close run thing at this rate though. I'm not sure they've done a payment run yet today as my deposit for yesterday still hasn't cleared, not sure if this is linked to paying us interest etc? Lets hope they do it soon.
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ramblin rose
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“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Dec 5, 2014 17:24:22 GMT
I see this loan is completing today. (The loan description page says it's already live.) Is there any chance the interest and cashback payments will hit our accounts before PBL018 is fully taken up? That's what I'm hoping, seems it might be a close run thing at this rate though. I'm not sure they've done a payment run yet today as my deposit for yesterday still hasn't cleared, not sure if this is linked to paying us interest etc? Lets hope they do it soon. Your wish is granted guys - cashback and interest up till 30th Nov on PBL015 just in. Edit: Oh, and thank you savingstream for applying the interest to the account on the day it has been paid, rather than backdating. Would be clearer if the entry made it clear that it was November's monthly interest too, but I can see it is standard text. Certainly a good step forward anyway.
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star dust
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Post by star dust on Dec 5, 2014 18:32:14 GMT
That's what I'm hoping, seems it might be a close run thing at this rate though. I'm not sure they've done a payment run yet today as my deposit for yesterday still hasn't cleared, not sure if this is linked to paying us interest etc? Lets hope they do it soon. Your wish is granted guys - cashback and interest up till 30th Nov on PBL015 just in. Edit: Oh, and thank you savingstream for applying the interest to the account on the day it has been paid, rather than backdating. Would be clearer if the entry made it clear that it was November's monthly interest too, but I can see it is standard text. Certainly a good step forward anyway. Yes thanks, just got email and managed to get final bit invested in loan. Around £80k left in PBL 18 now, looks like Investor 's prediction might come true.
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j
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Post by j on Jan 7, 2015 22:29:00 GMT
Can't find the Am thread on here so posting here. Not got many units in this one & just managed to pick some on AM. A few left in anyone wants to get some
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mikes1531
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Post by mikes1531 on Jan 7, 2015 23:13:55 GMT
Can't find the Am thread on here so posting here. Not got many units in this one & just managed to pick some on AM. A few left in anyone wants to get some I think there have been units in this one available for much of the day -- the recent activity shows 13 purchases/sales so far today, all apparently by different buyers. Those total £5k, and there's another nearly £3k still available as I write this.
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j
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Penguins are very misunderstood!
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Post by j on Jan 7, 2015 23:33:36 GMT
Can't find the Am thread on here so posting here. Not got many units in this one & just managed to pick some on AM. A few left in anyone wants to get some I think there have been units in this one available for much of the day -- the recent activity shows 13 purchases/sales so far today, all apparently by different buyers. Those total £5k, and there's another nearly £3k still available as I write this.FOr For once I was lucky then as I got on quite late today & still managed to snap some. As you say, a few more seem to have been put since I bought
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will
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Post by will on Jan 8, 2015 9:52:30 GMT
I'm missing something here.
Why is PBL015 so attractive when there are loans available that still have the 0.5% carrot?
[Still learning ...)
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ramblin rose
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Post by ramblin rose on Jan 8, 2015 10:28:31 GMT
I'm missing something here. Why is PBL015 so attractive when there are loans available that still have the 0.5% carrot? [Still learning ...) Most lenders like to be diversified across as many different loans as possible. If they don't have the funds available or don't have the opportunity to get into a loan before it goes live they will try to get into it via the aftermarket. At the moment, until SS change the model (which they are in the process of doing) the diversification doesn't lower the risks, but it does smooth the repayment profile, which is why I diversify here.
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star dust
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Post by star dust on Jan 8, 2015 12:02:18 GMT
I disagree with this, if a loan defaulted but it did not take down Lendy Ltd (trading as SS) who continued to trade, then I would expect only the lenders with those particular loan parts would be affected. If there were catastrophic failure of some sort and Lendy Ltd was wound up, then with the situation Lendy/SS have in place at the moment I believe my protection would be as good or bad as on other platforms, but I know others disagree, hopefully there will not come a time when any of us are proved right or wrong! Nonetheless, I also believe that the structural changes SS are proposing should improve lenders security further. This is why my SS portfolio is as diversified as possible, and I do not hold equal amounts of all loans.
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ramblin rose
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Post by ramblin rose on Jan 8, 2015 12:09:24 GMT
...........................hopefully there will not come a time when any of us are proved right or wrong! Couldn't agree more  Regarding what happens when an individual loan goes bad, SS haven't said anything to reverse their earlier commitments to take the loss themselves and protect lenders from the losses. This commitment wasn't ever part of their Ts&Cs, but was repeated on the forum more than once. When there were lots of boaty loans, I was confident of their ability to do this, but as the loans are now all becoming much larger property loans I'm getting less confident of that assertion. Once I've finally come down on the no-confidence side, then I'll agree that diversification has some affect on an individual's risk profile - it certainly will after they've changed the model. I suspect that SS' move into the new trust model is actually their way of formally putting the risk onto us for each and every loan, because they would be unlikely to be able to honour their promise going forwards.
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star dust
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Post by star dust on Jan 8, 2015 12:29:04 GMT
...........................hopefully there will not come a time when any of us are proved right or wrong! Couldn't agree more Regarding what happens when an individual loan goes bad, SS haven't said anything to reverse their earlier commitments to take the loss themselves and protect lenders from the losses. This commitment wasn't ever part of their Ts&Cs, but was repeated on the forum more than once. When there were lots of boaty loans, I was confident of their ability to do this, but as the loans are now all becoming much larger property loans I'm getting less confident of that assertion...... I've already discounted it in the property (and even super yacht) context - they have too many large loans. Did they ever assert it in connection with the property loans anyway? in Edit, no point in trying to sort out the earlier quote mess now, as it's been re-quoted!
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ramblin rose
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Post by ramblin rose on Jan 8, 2015 12:47:03 GMT
Couldn't agree more Regarding what happens when an individual loan goes bad, SS haven't said anything to reverse their earlier commitments to take the loss themselves and protect lenders from the losses. This commitment wasn't ever part of their Ts&Cs, but was repeated on the forum more than once. When there were lots of boaty loans, I was confident of their ability to do this, but as the loans are now all becoming much larger property loans I'm getting less confident of that assertion...... I've already discounted it in the property (and even super yacht) context - they have too many large loans. Did they ever assert it in connection with the property loans anyway? No, it was just a general statement, but it was always made before the PBLs started. It wasn't ever something I relied on totally because it never formed part of the Ts and Cs - but as they've always done exactly what they said they would do and always been very open in personal interaction, I've always placed a high level of trust in them. That trust has never been put to the test, of course As the PBLs have ramped up, and steadily more of my SS pot is migrated to them, I'm discounting it more, so I'm gradually going to arrive at the point where, for me, there is risk diversification with different loans - probably just in time for the new model to come into being anyway  . There are manylenders now, I guess, who've mainly, or only, got PBLs, so now I've thought about it more I agree with you, particularly for them. I still have quite large amounts in the remaining smaller boats, but their days are numbered.
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star dust
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Post by star dust on Jan 9, 2015 11:28:40 GMT
I still have quite large amounts in the remaining smaller boats, but their days are numbered. And another one bites the dust  , although oddly I don't seem to have received any notification about it.
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Post by savingstream on Jan 9, 2015 11:36:12 GMT
We are currently sending our weekly update, which includes information about this boat repayment. This update email can take 30 mins to send sometimes and you guys are generally quicker than that at noticing new updates.
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Investor
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Post by Investor on Jan 9, 2015 11:39:36 GMT
Neither did I but it has been repaid. Only 8 more boaty loans to go and new investors will start wondering where the Stream in SavingsStream came from!
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. There are manylenders now, I guess, who've mainly, or only, got PBLs, so now I've thought about it more I agree with you, particularly for them. I still have quite large amounts in the remaining smaller boats, but their days are numbered.
, although oddly I don't seem to have received any notification about it.
