dead-money
Rocket to the Moon
Posts: 736
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Post by dead-money on Jun 8, 2021 19:54:29 GMT
Hum, yeah, nope. Meaningless PR just like the 'we're ready to receive ratesetter money' nonsense. And can they for once use a different picture rather than a grinning SL !
In other news, I'm sifting through hundreds of multi-million pound properties on rightmove ; doesn't mean I'm going to buy any of them
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p2pfan
Member of DD Central
Full-Time Investor
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Post by p2pfan on Jun 8, 2021 20:17:16 GMT
Hum, yeah, nope. Meaningless PR just like the 'we're ready to receive ratesetter money' nonsense. And can they for once use a different picture rather than a grinning SL !
In other news, I'm sifting through hundreds of multi-million pound properties on rightmove ; doesn't mean I'm going to buy any of them You're absolutely right. Of course he'll be grinning like a cheshire cat in that picture as he's been earning very fat pay cheques over the last year milking CBILS for everything he can get while telling his P2P retail lenders to bugger off. He and his henchmen and women are serial blaggers. They stated that P2P lending would resume in significant volumes in May 2021. Then two weeks ago they stated it'd be within the next two weeks. Now we're getting towards mid-June and no sniff of new lending. I've given AC the benefit of the doubt again and again and again, but their sudden assault on access account lenders yesterday evening is the straw that broke the camel's back as far as I am concerned. They are arrogant scumbags.
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Post by overthehill on Jun 14, 2021 20:25:54 GMT
Apologies in advance for being lazy but AC starting getting on my nerves a while ago so I switched off. My withdrawals from the closed accounts seem to be accelerating at long last but there is nothing to invest in so I'll be down to 0 in no time. All the recent loans aren't even originated in the UK, according to France / EU ! Are new loans starting anytime soon and will there be any available units for the MLA as I'm no longer interested in the packaged accounts.
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Post by overthehill on Jun 15, 2021 20:44:34 GMT
Apologies in advance for being lazy but AC starting getting on my nerves a while ago so I switched off. My withdrawals from the closed accounts seem to be accelerating at long last but there is nothing to invest in so I'll be down to 0 in no time. All the recent loans aren't even originated in the UK, according to France / EU ! Are new loans starting anytime soon and will there be any available units for the MLA as I'm no longer interested in the packaged accounts.
And something else I don't like about AC is when you try to buy on the secondary market, the transaction goes into a stasis or hibernation. What happened to basic database operations, insert/update/delete then commit or rollback. I know it has always been this way but it doesn't happen on any other site, it means more effort checking back if it went through or failed.
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zlb
Member of DD Central
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Post by zlb on Jun 21, 2021 14:46:40 GMT
The words in the link itself, above, give 75% of the story. £100's of millions will be whittled down to 10's of millions I should think?
Still great to see.
I'm feeling relatively positive about the economy, much more positive than I thought I'd be at the beginning of all this. I was thinking about being extremely selective when the first MLA loans started to come thru' but I don't think I need to be so selective.
so this is the return to p2p lending with AC, as the CBILS deadline was 31st May?
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Post by honeybadger on Jun 22, 2021 8:59:04 GMT
Anyone experience any of their queued AA money being invested yet?
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Post by englebert69 on Jun 22, 2021 9:12:19 GMT
yes my few hundred pounds of returned funds due to overfunded AA were reinvested the next day via the automatically created instruction.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Jun 22, 2021 10:17:51 GMT
yes my few hundred pounds of returned funds due to overfunded AA were reinvested the next day via the automatically created instruction. englebert69 Are you sure? I have an automatically created instruction due to returned funds with timestamp 7th June at 17:57. I have an earlier manual request timestamp 7th June 17:45. Neither have been invested.
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Post by englebert69 on Jun 22, 2021 12:28:48 GMT
yes:
08/06/2021, 07:52 Investment into Quick Access Account purchasing !!!.!! GBP of holdings with a 0.00% discount -£!!!.!!
07/06/2021, 17:36 Funds returned from overfunded Quick Access Account (5) £!!!.!!
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Post by honeybadger on Jun 23, 2021 5:39:12 GMT
Nice so there is a tiny bit of life then.
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trium
Member of DD Central
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Post by trium on Jun 28, 2021 11:55:28 GMT
Couple of pipeline loans due to draw down on 2nd and 5th July. Unexciting rates though.
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zlb
Member of DD Central
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Post by zlb on Jun 28, 2021 12:21:05 GMT
why would some reinvestment request go through and others not (from this particular involuntarily uninvested money)?
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ilmoro
Member of DD Central
'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 Jun 29, 2021 20:31:53 GMT
One loan now in upcoming - should at least get the AA moving again
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trium
Member of DD Central
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Post by trium on Jul 1, 2021 11:31:14 GMT
One loan now in upcoming - should at least get the AA moving again Yes picked up what I wanted this morning. Still about 670k left. On the downside, I note that all of June's AA interest has been queued for reinvestment and none of my earlier queued orders have shifted a single penny yet.
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Post by df on Jul 1, 2021 17:32:49 GMT
One loan now in upcoming - should at least get the AA moving again Yes picked up what I wanted this morning. Still about 670k left. On the downside, I note that all of June's AA interest has been queued for reinvestment and none of my earlier queued orders have shifted a single penny yet. I've set my AA returns to "withdraw interest" since the last goalposts move. No point keeping idle cash there for a chance to fetch 4% in some future. I'll probably reinvest when/if AA gets back to normal, but for the time being I'll use my returns elsewhere.
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