coogaruk
Hello everyone! Anyone remember me?
Posts: 703
Likes: 463
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Post by coogaruk on Dec 3, 2020 18:39:35 GMT
Yesterday a largish portion (6%) of my 5yr money on the ED account repaid early, followed by a similar but even larger amount today.
Anyone else experienced similar?
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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 Dec 3, 2020 19:58:20 GMT
Yesterday a largish portion (6%) of my 5yr money on the ED account repaid early, followed by a similar but even larger amount today.
Anyone else experienced similar?
could just be loans settling early as vaccine news etc kicks people are postive
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Post by stevepn on Dec 4, 2020 5:44:46 GMT
Yesterday a largish portion (6%) of my 5yr money on the ED account repaid early, followed by a similar but even larger amount today.
Anyone else experienced similar?
could just be loans settling early as vaccine news etc kicks people are postive If people are positive does that mean they have covid?
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aju
Member of DD Central
Posts: 3,484 
Likes: 917
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Post by aju on Dec 4, 2020 15:29:10 GMT
could just be loans settling early as vaccine news etc kicks people are postive If people are positive does that mean they have covid? I'm sure you were joking, but I thought that beagle might have been referring to the shares markets uptick that might make people more likely to settle debts ahead perhaps. Who knows though as the uk markets I'm usually looking at did shoot up on vaccine sentiments but they can just as easily drop back again and just as quickly too.
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Post by Deleted on Dec 5, 2020 13:08:28 GMT
I'm sure you were joking, but I thought that beagle might have been referring to the shares markets uptick that might make people more likely to settle debts ahead perhaps. Who knows though as the uk markets I'm usually looking at did shoot up on vaccine sentiments but they can just as easily drop back again and just as quickly too. Yes, I think current values are much too high given where we are ie companies still folding, tiers for a few months yet and Brexit still to be agreed.
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coogaruk
Hello everyone! Anyone remember me?
Posts: 703
Likes: 463
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Post by coogaruk on Dec 9, 2020 12:19:18 GMT
A further three early repayments over the last couple of days. Approx. 5% of my outstanding lent in ED. Funds transferred to ISA.
At this rate it's not looking too good for shanghaiscouse's predictions of a capital loss for me 
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Post by shanghaiscouse on Dec 9, 2020 15:45:22 GMT
oh, a tag, I didn't know you could do that. well, it's not over until its over! but would wish no loss on you.
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Post by colin1777 on Dec 10, 2020 0:29:10 GMT
Yesterday a largish portion (6%) of my 5yr money on the ED account repaid early, followed by a similar but even larger amount today.
Anyone else experienced similar?
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Post by colin1777 on Dec 10, 2020 0:35:10 GMT
Yes I've had 75% of my 5yr investments paid back within 2 weeks.
Because Metro Bank can borrow at bank base rate rather than the 5% I was receiving I think they are cutting the high interest earners loose.
They're not interested in investors that earn decent returns, even with the 50% reduction at the moment. They can make sizable profits if they use other funds to lend with.
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coogaruk
Hello everyone! Anyone remember me?
Posts: 703
Likes: 463
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Post by coogaruk on Dec 10, 2020 17:11:07 GMT
A further 8% or so of my ED 5yr money repaid early today and even a small amount in my ISA, enabling me to make another sizeable withdrawal.
83.5% of my total investment into RS has now been returned (No RYIs, all from borrower repayments) plus I've currently left a further approx. 1.5% in my ISA Holding A/c.
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Post by oppsididitagain on Dec 16, 2020 11:48:37 GMT
 Madness in the 5Yrs - 0.7% and you lose 50% of that to PF Attachments:
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Madness in the 5Yrs - 0.7% and you lose 50% of that to PF