rscal
Posts: 882
Likes: 484
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Post by rscal on Jan 21, 2021 15:08:32 GMT
I have been drawing down repeatedly and now have loans left which cannot be sold. Is this largely because , whilst performing, there is a forbearance 'stop' until they catch up with any payment holidays? Thanks.
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mb
Posts: 38
Likes: 11
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Post by mb on Jan 21, 2021 17:21:53 GMT
The secondary market is closed.
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rscal
Posts: 882
Likes: 484
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Post by rscal on Jan 21, 2021 18:56:47 GMT
It is now...
It's almost like Lending Crowd read my query then issued their email notice!
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timsykes
Posts: 29
Likes: 13
Member is Online
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Post by timsykes on Jan 21, 2021 19:10:29 GMT
Impeccable timing rscal!
Disappointing news as I for one was hoping to keep re-deploying my funds via the SM for as long as possible.
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Post by overthehill on Jun 23, 2021 14:46:36 GMT
So Lending Crowd hasn't resumed retail lending, is that correct ? I would expect something more visible and informative on the website main page. Is this another platform who has kicked the retail lenders out of their bed to be replaced by their new institutional lovers.
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Post by df on Jun 27, 2021 20:14:33 GMT
So Lending Crowd hasn't resumed retail lending, is that correct ? I would expect something more visible and informative on the website main page. Is this another platform who has kicked the retail lenders out of their bed to be replaced by their new institutional lovers. Yes, this is correct. I think it is a waiting time for SME lending across p2p. When/if the market returns to normal LC might return to its original business too, meanwhile my returns from LC are good (actual 8.13% and projected 5.3%).
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Post by df on Jun 29, 2021 12:40:08 GMT
Update E-mail received today. "...our Loan Market will remain closed to individual lenders for the time being as the economy tries to reopen... we will continue to keep you informed about this situation and when we will be likely to resume offering loans that individual lenders are allowed to fund." - this indicated that they haven't given up on retail investors. They've also published their default data for last year: Risk Band | Expected default rate | Actual default rate | A+ | 2.77% | 1.02% | A | 3.89% | 1.99% | B+ | 7.49% | 2.69% | B | 10.17% | 3.84% | C+ | 10.60% | 5.63% |
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Post by df on Jul 1, 2022 17:06:06 GMT
It looks like no prospect of reopening any time soon... E-mail received today - "If we identify an opportunity to re-open our Loan Market, we will consider this carefully and cautiously, within the context of treating our customers fairly, however currently we are unlikely to re-open the market in 2022."
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benaj
Member of DD Central
Posts: 4,830
Likes: 1,586
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Post by benaj on Jul 2, 2022 11:20:28 GMT
No idea why this platform is less popular. Out of my 47 live loans, only 4 were behind payment schedule and majority of borrowers survive the pandemic. LC is definitely much better than other overhyped platforms, not many live p2p platforms give me real gain TBH.
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Post by df on Jul 3, 2022 20:18:26 GMT
No idea why this platform is less popular. Out of my 47 live loans, only 4 were behind payment schedule and majority of borrowers survive the pandemic. LC is definitely much better than other overhyped platforms, not many live p2p platforms give me real gain TBH. I always thought of LC as a good version of FC. I don't know why it wasn't popular... I've started in Feb 2017. Invested in most of the loans issued since. I've already earned more than I have invested. The exposure of my remaining capital is 1.1% (used to be 0.4%), currently I'm in 172 loans. My "actual return rate" shows 8.22%, "expected return" 5.5%, XIRR is 8.12%. I'm very happy with these figures.
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