Discussion on RYI requests and tracking (RS)

Derrr!, I am the village idiot not you, that's a great idea I'll stop the ones I set yesterday and change my relend options on the 1Y/5Y. I'll need to be careful not to make changes that switch it off though perhaps to recover funds - I can;t remember at the moment what the options are and considering that area of the code was always a bit iffy whether it changed or not. I don't want to leave too much in there.

Great idea thx... I'm not sure what I will do when I am all pulled out, P2P is such fun and profitable to boot, lets hope its still around when the crisis both pandemic and financial has gone.

Yes for the sales items but what I am doing is leaving the £10's in the relevant markets until there is some money in the relend slot. I'll check to see if I can reduce/change the relent offer - it will be a different item I think - once I know I can do that then i'll just remove the £10 offers (assuming they have not lent @10%!. Then if I just change the relend returns to leave £10 behind it should stay there. I think I haven't as yet tried it - perhaps I need to change the £10 offer to 9.9% so they are not the same offer.

Its a great idea and if it works then its even better. I think I have enough headroom to see what happens. I'lll report back when I've proved it one way or another.

Okay so leaving 5Y and 1Y with existing "on the market" items works for new releases into relend ok and at 10% as a different item to the one there also at 10% so I could actually leave it there or remove each one individually but the main problem is I cannot edit the item and push some back to holding and leave it alone.

RS only allows one to cancel or change the rate not to change the amount. So i'll remove the most recent £56 and leave my £10 loan on offer at 10% and hope it does not get lent out. In the future if the £10 gets lent before the sale goes through then i'll just add another £10 at 10%. Mind you if the £10 on the 5Y gets lent there is a good chance it will have reduced below £10 and then perhaps RS will not sell it anyway (Usually RS does not allow sales of loans <£10).  

I think that was the point back last year when it was changed. Even @ 8% access would probably find it difficult to lend out. Sadly most of the Access offering has loans that last for 5 years so to be fair most will not be ending unless the borrowers pays off the loan. So far I have had funds released in the Access though the loan closing and have managed to remove from the on market to holding before it gets lent out.

Other than that I haven;t read the terms lately but I'm pretty sure RS terms were pretty clear when I read them a while back and to be honest there is enough through flow of people on here who perhaps should have known better before completing the relevant forms to show they understood the investments etc. 

Once RYI is all cleared out then it will be very easy to withdraw funds from access its just that there are not enough toilet rolls to go round at the moment. 

Edit: If the rates change to be even lower then they may see fit to do such a thing as reduce the Max rates further. I think that at one time it was suggested that the max rates were 5% above the normal rates but I may be thinking of another service ... The other interesting thing is that RS changes the way things work quite a bit since as far as I know there is no real manual for how it all works. That said and quite apart from there failings over the years RS and Zopa are the more reputable P"P sites on the market, of course many will disagree with that notion. 

Okay so stet that request, just checked email after writing that and it's already sold. I got one email to say so, only when it finished but I suspect it was so small it just was instant. 

What is interesting though it wasn't able to sell a loan less than £10 but I'm loathed to remove my £10 10% punter that helps maintain the access to the 5 old tools that a lot of new lenders can't see. what happens to the <£10 does it just stay there until they repay the loan, I guess so. 

Still 3 more 5Y accounts to go though should be soon for them as they were only a day behind.

Thanks I missed the email and it was all done by the time I got to it.

Is it typical for loans in the 1 Year market to repay a month early? I've noticed that 3 different loans that were due to finish on separate dates in September have all been repaid exactly a month early (give or take a day). Seems strange, almost suspicion raising - like RateSetter are closing out loans a little early to get more funds released?