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Post by overthehill on Apr 8, 2022 9:09:19 GMT
#1521 currently over 600k available in MLA. Only 5% though Hold me back with wild horses...
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blender
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Post by blender on Apr 14, 2022 8:29:31 GMT
More new loans to invest in, choose whichever one you like for your spare cash - as long as you are happy with 5%. Strange that the pipeline contains numerous loans at better rates, but those which become 'upcoming' (should that be outspilling?) are the ones at 5% for us.
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Post by overthehill on Apr 14, 2022 10:55:54 GMT
More new loans to invest in, choose whichever one you like for your spare cash - as long as you are happy with 5%. Strange that the pipeline contains numerous loans at better rates, but those which become 'upcoming' (should that be outspilling?) are the ones at 5% for us.
Just sponges for the access accounts.
Given the number of loans that get into trouble earning AC extra revenue and the number of loans languishing in debt with no realisable assets left and the fact lenders funds are used for all further speculative recovery attempts, I won't be investing at that rate. I'm basically exiting and I would only invest a maximum of £200 in any of their loans.
Not to mention the mythical provision fund which has never been used yet to make up the shortfall for the ugly loans I still have in the old business accounts.
No one could fault them regarding loan transparency unlike many P2P companies.
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rscal
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Post by rscal on Apr 14, 2022 11:45:27 GMT
AC Really needs to put plaster this on their Welcome page: ( "Earn Up to 5%*" )
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Apr 14, 2022 12:21:55 GMT
AC Really needs to put this on their Welcome page: ( "Earn Up to 5%*" ) And there 9th anniversary cake.
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Steerpike
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Post by Steerpike on Apr 14, 2022 12:57:14 GMT
When I opened the email I was expecting a retail relaunch thank you "Spring Cashback 2022 Bonanza!", sadly it was just more self promotion.
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trevor
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Post by trevor on Apr 14, 2022 19:20:55 GMT
Since FSCS 2 yr savings rates are 2% and AC 5% with plenty of risk means it’s a no brainier for me, no more MLA.
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Post by Ton ⓉⓞⓃ on Apr 15, 2022 15:01:37 GMT
Since FSCS 2 yr savings rates are 2% and AC 5% with plenty of risk means it’s a no brainier for me, no more MLA.
I partially agree, for me I see MLA 5% after recoveries somewhere between 3-4% blended, overall, whatever.
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Post by overthehill on Apr 20, 2022 9:18:36 GMT
On its own, number #1521. 3M at 5%. It has sold about 9k in the past week, it has 555k still available! Underwriters exiting?
Is this a tide turning moment ? No MLA investors left and AC are not willing to over-expose the access accounts with unbalanced allocation like with the old business accounts.
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dave4
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Post by dave4 on Apr 20, 2022 9:45:31 GMT
On its own, number #1521. 3M at 5%. It has sold about 9k in the past week, it has 555k still available! Underwriters exiting?
Is this a tide turning moment ? No MLA investors left and AC are not willing to over-expose the access accounts with unbalanced allocation like with the old business accounts.
Nothing (i can see) wrong with the loan (I await to be corrected) except the reward is poor?.
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ilmoro
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Post by ilmoro on Apr 20, 2022 10:21:45 GMT
On its own, number #1521. 3M at 5%. It has sold about 9k in the past week, it has 555k still available! Underwriters exiting?
Is this a tide turning moment ? No MLA investors left and AC are not willing to over-expose the access accounts with unbalanced allocation like with the old business accounts.
The UW are the Access accounts. Not really anything unusual here, there were always significant chunks of large loans on the market as the AA sold down its positions, perhaps a sign that things are starting to get back to normal. Hopefully that now means the AA will start pulling in cash from the queue to UW new loans. About £900k released to market so definitely not flying. There is potentially a lack of MLA lenders, at least at these rates, so the AA will end up holding more of the low rate loans which means it will have to hold more of the high rate loans to achieve its objectives which will discourage MLA lenders etc etc. Probably get balanced out over time with the increasing origination (36 in pipeline now, 2 more added today, and more higher rate loans starting to flow through) and AC always have the institutional lever to correct imbalances. There is another big 5% whale due shortly and AA are down to about 9% cash (£11m) so probably close to normal operating levels.
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ilmoro
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Post by ilmoro on Apr 20, 2022 10:46:18 GMT
chris as your here - any news on the timescale for the functionality for the AA entry queue visibility or removing loans with a crystallised loss ie all recovery avenues exhausted (been coming for at least two years)?
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loadsahope
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Post by loadsahope on Apr 20, 2022 13:44:22 GMT
There is another big 5% whale due shortly and AA are down to about 9% cash (£11m) so probably close to normal operating levels. ilmoro - curious about where you can see the amound of cash in the AAs?
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Apr 20, 2022 14:17:24 GMT
There is another big 5% whale due shortly and AA are down to about 9% cash (£11m) so probably close to normal operating levels. ilmoro - curious about where you can see the amound of cash in the AAs? You have to work it out. Download you loan holdings for an AA, add up the invested sum, deduct from your total investment in that account, that gives you how much uninvested cash you have.(ignore anything queued) Work out what % cash is of the total invested. Work out the total funds in the AAs using figures on each account about page, multiple by % cash to get actual cash. Only an idea as total funds in AA are rounded down? to nearest £1m. So if you have £10k in QAA & £9100 in loans, cash is 9%, AAs currently total £119m so free cash is c £11m
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loadsahope
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Post by loadsahope on Apr 21, 2022 7:35:35 GMT
Thanks ilmoro! There was me hoping for something like a hidden page !
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