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Qardus
Jan 26, 2022 13:56:56 GMT
Post by Ace on Jan 26, 2022 13:56:56 GMT
I'm sure you'll fathom it out.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,006
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Qardus
Jan 26, 2022 14:04:33 GMT
Ace likes this
Post by dave4 on Jan 26, 2022 14:04:33 GMT
Another update.... My attempts to withdraw funds began with me using the website to send a message to Q. Had to do that as withdrawals seem to need some manual intervention from Q. Somewhat surprisingly, a positive response turned up just under 24 hours from my message. I was able to start the withdrawal process. We'll see if the cash turns up; according to the confirmation screen I might have to wait a while...
So, we know that somebody is onboard at Q; I suspect that they are at the stern rather than the helm but I could be wrong, of course. Don't think I can wangle any more nautical references... Just relax, maybe sip of port, accompanied with cheese from the Galley, may help, just don't go overboard. My withdraws have always sailed through and on course to dock in my bank next day.
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dh1
Member of DD Central
Posts: 373
Likes: 383
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Post by dh1 on Jan 26, 2022 14:22:27 GMT
Well, Ace has managed a rather fluid nautical reference; whilst dave4 takes the (sea) biscuit with no less than 5 in the same sentence! No, I'm not going to drown my sorrows... Just glad to be out of the Q or is that the line?
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Qardus
Feb 4, 2022 12:09:20 GMT
Post by overthehill on Feb 4, 2022 12:09:20 GMT
Are the last 2 loans still funding ? Time for Plan B as it just creates a stigma of cash drag. Are these loans blocking the loan pipeline ? If loans can't be funded by lenders or external sources then maybe there is a good reason. No secondary market makes it more difficult to use underwriters.
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Post by df on Feb 4, 2022 20:08:30 GMT
Are the last 2 loans still funding ? Time for Plan B as it just creates a stigma of cash drag. Are these loans blocking the loan pipeline ? If loans can't be funded by lenders or external sources then maybe there is a good reason. No secondary market makes it more difficult to use underwriters. Yes, still funding. E-mail was sent today as a reminder that one of them has only 5 days left. Cash drag is significant for those (like me) who have pledged on day 1. I doubt they are blocking the pipeline, I think if Q introduced a couple of 25k loans they'll be likely to be filled very quickly. Probably the main reason is the lack of investors. Lowered rates don't help either - for unsecured SME loans they should be higher (10%-16% is an industry standard
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Post by Badly Drawn Stickman on Feb 4, 2022 20:55:29 GMT
Are the last 2 loans still funding ? Time for Plan B as it just creates a stigma of cash drag. Are these loans blocking the loan pipeline ? If loans can't be funded by lenders or external sources then maybe there is a good reason. No secondary market makes it more difficult to use underwriters. Yes, still funding. E-mail was sent today as a reminder that one of them has only 5 days left. Cash drag is significant for those (like me) who have pledged on day 1. I doubt they are blocking the pipeline, I think if Q introduced a couple of 25k loans they'll be likely to be filled very quickly. Probably the main reason is the lack of investors. Lowered rates don't help either - for unsecured SME loans they should be higher (10%-16% is an industry standard It would seem unlikely that the one at 51% will get anywhere near the asking amount, but I am curious to see if they take what is on the table and maybe come back for more later. The one currently at 17% may be a bit more interesting. I would not be surprised to see a bit of a flourish on the last day, but doubt it will get anywhere near what is wanted. Neither strike me as a business that will be booming in the current climate so I will simply be an observer regardless. What comes along next is probably the interesting thing for me currently.
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Post by Ace on Feb 4, 2022 22:07:25 GMT
Are the last 2 loans still funding ? Time for Plan B as it just creates a stigma of cash drag. Are these loans blocking the loan pipeline ? If loans can't be funded by lenders or external sources then maybe there is a good reason. No secondary market makes it more difficult to use underwriters. Yes, still funding. E-mail was sent today as a reminder that one of them has only 5 days left. Cash drag is significant for those (like me) who have pledged on day 1. I doubt they are blocking the pipeline, I think if Q introduced a couple of 25k loans they'll be likely to be filled very quickly. Probably the main reason is the lack of investors. Lowered rates don't help either - for unsecured SME loans they should be higher (10%-16% is an industry standard They are both more than this in industry standard terms.
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Qardus
Feb 7, 2022 10:32:10 GMT
Post by slowpokeinvestor on Feb 7, 2022 10:32:10 GMT
Seems like its the last chance to get in on the qfirst and qboost. Just received an email regarding the household goods retailer that is still eligible for these schemes.
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Post by birdie on Feb 7, 2022 11:09:07 GMT
I quite like Qardus, I've had good returns from them so far, it would be a shame if they don't get enough support.
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mcfc
I’m invested in Qardus, Loanpad, Proplend, and Crowproperty
Posts: 91
Likes: 62
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Qardus
Feb 7, 2022 20:02:13 GMT
Post by mcfc on Feb 7, 2022 20:02:13 GMT
I’d anticipate there may be a bit of money placed at the last minute thus to avoid cash drag.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,006
Likes: 574
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Qardus
Feb 8, 2022 21:33:46 GMT
Post by dave4 on Feb 8, 2022 21:33:46 GMT
I’d anticipate there may be a bit of money placed at the last minute thus to avoid cash drag. It appears a little ££ has found its way. 56.56% full, t minus 3 hrs.
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,744
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Qardus
Feb 9, 2022 10:18:04 GMT
Post by jonno on Feb 9, 2022 10:18:04 GMT
I'm new to this platform. Anyone know whether the current furniture loan will go ahead even with only 70% of the minimum requirement raised?
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Post by Ace on Feb 9, 2022 13:10:37 GMT
I'm new to this platform. Anyone know whether the current furniture loan will go ahead even with only 70% of the minimum requirement raised? It will probably be offered to the borrower, and be up to them to decide whether to accept or reject the smaller loan.
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,744
Likes: 3,136
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Qardus
Feb 9, 2022 13:50:46 GMT
Post by jonno on Feb 9, 2022 13:50:46 GMT
I'm new to this platform. Anyone know whether the current furniture loan will go ahead even with only 70% of the minimum requirement raised? It will probably be offered to the borrower, and be up to them to decide whether to accept or reject the smaller loan. Mmm, thanks for that; I thought that might be the case. I suppose it's the best strategy, but does smack a little of desperation. Does the platform need to recognise it's current scale and tailor it's offerings accordingly?
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Feb 9, 2022 18:15:26 GMT
I'm new to this platform. Anyone know whether the current furniture loan will go ahead even with only 70% of the minimum requirement raised? All other offerings in the same position to date have gone ahead on the lower amount. I suppose the borrower either manages on less or borrows the balance from elsewhere (very few Sharia options)
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