upperdeane
Member of DD Central
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Post by upperdeane on Jun 15, 2020 14:28:09 GMT
Another one bites the dust.... Most of my money is actually showing as unmatched. But I can't cancel the lend order. Is that a quirk in the system or will this be eventually withdrawable? Per my understanding, the RE has been called - and so your funds will be returned to your holding account so that you can withdraw them. You're very lucky that most of your money is unmatched. Indeed. Very lucky. 99.9% of mine is matched.
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Post by garreh on Jun 15, 2020 14:35:39 GMT
I assume the explantation for the decrease in deployment rate from 75% to 41% is due to GS reserving funds for tomorrow to add to those lucky investors holding accounts?
If so then guess it doesn't matter if it's today or tomorrow, they look like they may have reserved those funds and put a hold on lending orders in the meantime.
GS really are incomponent in their communication - why is it that we have to always read between the lines to know what happens next?
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withnell
Member of DD Central
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Post by withnell on Jun 15, 2020 14:41:39 GMT
I assume the explantation for the decrease in deployment rate from 75% to 41% is due to GS reserving funds for tomorrow to add to those lucky investors holding accounts? If so then guess it doesn't matter if it's today or tomorrow, they look like they may have reserved those funds and put a hold on lending orders in the meantime. GS really are incomponent in their communication - why is it that we have to always read between the lines to know what happens next? My unmatched order has been cancelled (by GS) and the funds returned to holding account, so think they're working through account by account
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jcb208
Member of DD Central
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Post by jcb208 on Jun 15, 2020 14:57:19 GMT
I have about a quarter of my balance on the market will I be able to withdraw that tomorrow
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Post by garreh on Jun 15, 2020 15:00:55 GMT
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bod
Member of DD Central
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Post by bod on Jun 15, 2020 15:17:51 GMT
Seems a bit unreasonable to have invested my remaining balance just a couple of days ago knowing that I'd be taking (I guess we collectively now) the risk on that without any reward at all. They reinvested my remaining balance this morning, not very ethical by any standards! I have new orders dated today too. Surely cut off should be at a specific time. Big order should have been repaying tomorrow. Luck of the numbers I guess but not done very fairly.
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Mucho P2P
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Post by Mucho P2P on Jun 15, 2020 15:27:06 GMT
90 days for GS to spin the wheel, and still arrive at a Resolution Event. And just how many Directors [brains] at GS did that take??
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benaj
Member of DD Central
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Post by benaj on Jun 15, 2020 15:30:33 GMT
Another one bites the dust.... Most of my money is actually showing as unmatched. But I can't cancel the lend order. Is that a quirk in the system or will this be eventually withdrawable? "If a Resolution Event is declared we will notify you, along with all other Growth Street investors as soon as possible but at the latest, within 5 working days. All funds held in unmatched Lend Orders will be returned to your holding account." From 16th June.
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mrk
Posts: 807
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Post by mrk on Jun 15, 2020 15:49:52 GMT
All funds held in unmatched Lend Orders will be returned to your holding account." From 16th June. They've already been returned in my account. There's an "Order Cancelled" transaction dated today.
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Post by bgreenwood2000 on Jun 15, 2020 15:50:24 GMT
I’ve had 4 orders cancelled (by GS) today, one of which was only made today - but the others over the past several days. So it looks as though either lending demand had dried up, or they were being very strict with their criteria.
Nearly 80% of my capital is still lent out, but I assume I can withdraw what’s in my holding account. I imagine I can also kiss goodbye to the signup bonus which was due in August :-(
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Post by leafkicker on Jun 15, 2020 16:04:05 GMT
This feels like the worst possible outcome for everyone involved. Borrowers get the debt called in just as the economy is tanking and lenders get this arbitrary roulette game over what is returned when.
I have a grand total of 90p available for withdrawal. Luckily I don't need the liquidity but it is frustrating that this will now be a zombie investment with no interest and no certainty about when (if) we might see the capital again.
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Post by jon3001 on Jun 15, 2020 16:07:01 GMT
I had just over £2K invested here (originally taking advantage of the sign-up bonus).
37% of my capital was available for withdrawal.
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benaj
Member of DD Central
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Post by benaj on Jun 15, 2020 16:07:59 GMT
From 16th June. They've already been returned in my account. There's an "Order Cancelled" transaction dated today. Well one for placing your chip on a lucky number 15th June, mine is a different story on this roulette wheel.
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jcb208
Member of DD Central
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Post by jcb208 on Jun 15, 2020 16:13:45 GMT
Just been able to put in a withdrawal request,the money was moved to holding account
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Post by kezza on Jun 15, 2020 16:14:11 GMT
I had just over £2K invested here (originally taking advantage of the sign-up bonus). 37% of my capital was available for withdrawal. I have the same invested but ended up with literally 0% available for withdrawl. The fact it is distributed like this is incredibly frustrating - I planned to withdraw everything at the end of April but so much for that.
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