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Post by df on Feb 23, 2021 18:41:41 GMT
Have you selected to receive these e-mails in "my preferences"? I'm already in 5 of these loans, hence didn't go for this one. This is a long term borrower who has repaid all previous loans, so there is some degree of comfort, however I prefer to stick to my self-imposed limit per borrower. We'll probably see more loans from this luxury watches dealership. It's easy to see the exposure as all of them (current and repaid) are shown on the same page. It turns out I didn't have new loan notifications switched on. Odd as I thought I'd received them before. I guess I'm lazier than you. I think the total lent to a borrower should be displayed, rather than having to click through each loan and add the figures up myself, especially when I can see the availability is running out fast and I have 3 accounts to process 🙃 I wouldn't call it lazy considering how many platforms you're in  It would definitely be better if the info was displayed clearer. But it is still good. Comparing with AC where I've ended up having a double amount (#328/329) - they have different names, so without reading documents there's no chance to spot the trick.
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Post by df on Mar 4, 2021 19:37:28 GMT
Plenty of Bansky on sale. Returning customer, has repaid all previous loans, but asking for a much larger chunk this time. Looks like the anticipated return to normality is beginning to realise - I had to deposit funds twice today to keep my cash balance up, I was only withdrawing in the past 12 months.
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archie
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Post by archie on Mar 5, 2021 8:23:02 GMT
Plenty of Bansky on sale. Returning customer, has repaid all previous loans, but asking for a much larger chunk this time. Looks like the anticipated return to normality is beginning to realise - I had to deposit funds twice today to keep my cash balance up, I was only withdrawing in the past 12 months. Same here, my investment halved between April 2020 and January 2021. In the last 4 weeks I've been adding more funds as activity picks up.
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Ace
Member of DD Central
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Post by Ace on Mar 5, 2021 9:24:45 GMT
Plenty of Bansky on sale. Returning customer, has repaid all previous loans, but asking for a much larger chunk this time. Looks like the anticipated return to normality is beginning to realise - I had to deposit funds twice today to keep my cash balance up, I was only withdrawing in the past 12 months. Same here, my investment halved between April 2020 and January 2021. In the last 4 weeks I've been adding more funds as activity picks up. My luck has been a bit better here. Although my unlent funds have crept up to around 20% on occasions across my 2 accounts (standard and ISA), I haven't withdrawn any funds. My XIRRs on both have been fairly stable at around 8.75%. I've actually increased funds by 50% on one account through 2020. Both accounts are now fully deployed due to yesterday's Banksy art works. Total funds on platform are now just in to 5 figures for me. It might be of interest to others to hear of an experience of liquidating an Unbolted account. In theory, on Unbolted once one stops lending the expectation would be that the majority of funds would be returned within 6 months, then a few defaults would rumble on for a few months more while the defaults were sorted out. Having recently liquidated my late mother's account I can confirm that that is a fair description of what happened. Around 83% of funds were returned within 6 months. All bar a single £5 loan was returned in the next 6 months while the defaults were sorted out (selling chattels at auctions). The remaining £5 was finally returned yesterday, 7 months later. The final XIRR was 6.5%. This was a bit lower than it might have been for 2 reasons: 1) the account was funded with a single lump sum, so it took a while for the funds to be deployed; 2) I let the returned funds build up in the account for long periods rather than removing them weekly. Altogether, a very satisfactory experience.
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Post by investor1925 on Mar 5, 2021 9:40:19 GMT
Totally agree Ace. I decided to move all my UB into the ISA last Summer, so stopped the re-investment on the standard account in July. As they've paid back, I'm now down to 20% of the cash left in the account. Last loan should have completed in Jan2021, but delays caused by defaults & a certain solicitor trying to sue us all  |
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Ace
Member of DD Central
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Post by Ace on Jul 26, 2021 13:01:33 GMT
There's a small amount available in one loan for manual investing right now.
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Post by overthehill on Jul 27, 2021 19:19:39 GMT
14k available in one loan still. Could be the same borrower as for the recent loans needing manual top-up , she/he is possibly having to recycle all his outstanding loans, I didn't scrutinise it.
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Post by df on Jul 27, 2021 19:44:45 GMT
14k available in one loan still. Could be the same borrower as recent loans needing manual top-up , she/he is possibly having to recycle all his outstanding loans, I didn't scrutinise it. Yes the same borrower paid back outstanding loans and borrowing again. It's a dealership, they've been borrowing since 2018 and always repaid.
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sussexpeer
Member of DD Central
If you don't make a plan, you'll end up where you're headed.
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Post by sussexpeer on Jul 28, 2021 10:42:13 GMT
And another large £100,000 loan to be funded from 11am today, a roll-over from loan 2DFDC8274 which has just been repaid, adding a significant lump to my cash balance.
These "Buy Now" offers are great for reducing cash drag.
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Post by popeye on Jul 28, 2021 14:35:49 GMT
Could someone explain why auto-lend doesn’t trigger on these loans? Thank you
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Post by overthehill on Jul 28, 2021 15:13:12 GMT
Could someone explain why auto-lend doesn’t trigger on these loans? Thank you
Not sure if you mean for you or in general but remember investors have configurable limits per loan and per borrower and there is a 3rd one as well. It is triggering but not filling the whole loan.
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Post by popeye on Jul 29, 2021 21:09:04 GMT
Could someone explain why auto-lend doesn’t trigger on these loans? Thank you
Not sure if you mean for you or in general but remember investors have configurable limits per loan and per borrower and there is a 3rd one as well. It is triggering but not filling the whole loan.
unbolted have got back to me saying that the loan in question is a "business loan". They don't provide any more details but I assume that business loans don't qualify for auto-lend.
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Post by df on Jul 30, 2021 8:03:30 GMT
Not sure if you mean for you or in general but remember investors have configurable limits per loan and per borrower and there is a 3rd one as well. It is triggering but not filling the whole loan.
unbolted have got back to me saying that the loan in question is a "business loan". They don't provide any more details but I assume that business loans don't qualify for auto-lend. I thought the loan in question is "working capital" loan. As far as I know all three loan types are qualified for auto-lend according to your settings. Have you checked your settings for "working capital"? You will not be allocated any new loans once you hit your maximum auto-lend criteria.
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Post by overthehill on Jul 30, 2021 10:05:16 GMT
unbolted have got back to me saying that the loan in question is a "business loan". They don't provide any more details but I assume that business loans don't qualify for auto-lend. I thought the loan in question is "working capital" loan. As far as I know all three loan types are qualified for auto-lend according to your settings. Have you checked your settings for "working capital"? You will not be allocated any new loans once you hit your maximum auto-lend criteria.
The limit for working capital loans is per borrower not per loan so that will almost certainly be your issue. However there might be implications if all the lender's funds go into only one of the borrower's loans, I haven't looked into that scenario and whether the lender might be disadvantaged or not in all possible outcomes.
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Post by df on Jul 30, 2021 11:23:08 GMT
I thought the loan in question is "working capital" loan. As far as I know all three loan types are qualified for auto-lend according to your settings. Have you checked your settings for "working capital"? You will not be allocated any new loans once you hit your maximum auto-lend criteria.
The limit for working capital loans is per borrower not per loan so that will almost certainly be your issue. However there might be implications if all the lender's funds go into only one of the borrower's loans, I haven't looked into that scenario and whether the lender might be disadvantaged or not in all possible outcomes.
I don't think it matters whether your funds are in one loan or spread across the loans to this borrower - the loans are backed by the same asset pool.
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It would definitely be better if the info was displayed clearer. But it is still good. Comparing with AC where I've ended up having a double amount (#328/329) - they have different names, so without reading documents there's no chance to spot the trick. 
