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Post by Ace on Jun 17, 2022 19:44:02 GMT
I've had notice of two loans paid off early - one within to days of it being taken out. Does this happen often? (first I've seen since opening the account early May.)
I don't see start date, end date and actual end date in the same tables/spreadsheet so we only have suspicion without concrete data.
If you "Download CSV of all historical transactions" from the transactions page, it has entries for "Loan Bought" and "Repayment of Loan", both with dates.
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Post by redpete on Jun 17, 2022 21:27:34 GMT
I've had notice of two loans paid off early - one within to days of it being taken out. Does this happen often? (first I've seen since opening the account early May.)
I don't see start date, end date and actual end date in the same tables/spreadsheet so we only have suspicion without concrete data.
I've got my own spreadsheet with all that data, compiled from the daily data. I'll possibly get bored of the geeky recording of data but for now it's still interesting.
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Post by Ace on Jul 4, 2022 16:00:58 GMT
Lots of availability (£68k) to manually invest in a working capital loan right now.
This is a loan that's just renewed. For those who aren't familiar with the mechanics, it can be a bit confusing. Notice of, and auto allocations to, the new loan happened earlier in the day. If you looked at your account then you may well have seen a zero cash balance and thought you were fully invested. However, later in the day the previous loan repays, which can then increase your cash balance without any further notification. This has now happened, so it's worth logging in now to see if you want to increase your allocation manually to the new loan.
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ganymede
Member of DD Central
Posts: 304 
Likes: 211
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Post by ganymede on Jul 4, 2022 16:39:28 GMT
Lots of availability (£68k) to manually invest in a working capital loan right now. This is a loan that's just renewed. For those who aren't familiar with the mechanics, it can be a bit confusing. Notice of, and auto allocations to, the new loan happened earlier in the day. If you looked at your account then you may well have seen a zero cash balance and thought you were fully invested. However, later in the day the previous loan repays, which can then increase your cash balance without any further notification. This has now happened, so it's worth logging in now to see if you want to increase your allocation manually to the new loan. I looked and this appears to be a new loan / borrower it's taken all off my spare cash already, correct the cash balance is zero, it could be there are delays in adding all the loan information, I can't recall that happening before.
I have done a bank transfer to top up, but doubt it will be processed until tomorrow.
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Post by Ace on Jul 4, 2022 16:51:34 GMT
Lots of availability (£68k) to manually invest in a working capital loan right now. This is a loan that's just renewed. For those who aren't familiar with the mechanics, it can be a bit confusing. Notice of, and auto allocations to, the new loan happened earlier in the day. If you looked at your account then you may well have seen a zero cash balance and thought you were fully invested. However, later in the day the previous loan repays, which can then increase your cash balance without any further notification. This has now happened, so it's worth logging in now to see if you want to increase your allocation manually to the new loan. I looked and this appears to be a new loan / borrower it's taken all off my spare cash already, correct the cash balance is zero, it could be there are delays in adding all the loan information, I can't recall that happening before.
I have done a bank transfer to top up, but doubt it will be processed until tomorrow. It's not clear, but I'm pretty sure it's a renewal. The asset pools for both loans look to be the same from a quick scan
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ganymede
Member of DD Central
Posts: 304
Likes: 211
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Post by ganymede on Jul 4, 2022 18:45:29 GMT
I looked and this appears to be a new loan / borrower it's taken all off my spare cash already, correct the cash balance is zero, it could be there are delays in adding all the loan information, I can't recall that happening before.
I have done a bank transfer to top up, but doubt it will be processed until tomorrow. It's not clear, but I'm pretty sure it's a renewal. The asset pools for both loans look to be the same from a quick scan There is no 2nd Loan to compare against or I can't see one, viewing the loan information, show an active loan, but the loan numbers are the same the loan refers to itself. There would have to be two active loans listed.
I did get my top up deposit and have bought a little more, leaving some cash for other loans.
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Post by Ace on Jul 4, 2022 19:05:23 GMT
It's not clear, but I'm pretty sure it's a renewal. The asset pools for both loans look to be the same from a quick scan There is no 2nd Loan to compare against or I can't see one, viewing the loan information, show an active loan, but the loan numbers are the same the loan refers to itself. There would have to be two active loans listed.
I did get my top up deposit and have bought a little more, leaving some cash for other loans.
The new loan *****A9CC links to Asset Pool 8. The repaid loans *****8CEC, ****8CDF and *****8CD7 (and possibly others that I wasn’t lending to) all link to Asset Pool 2, which has an identical contents list (including watch reference numbers) to Asset Pool 8. So it's clearly a refinance of the same assets. It seems very odd that the new loan isn't directly linked to the repaid loans as being to the same borrower. Perhaps a new borrower has taken over the business of the old borrower (pure speculation).
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Post by df on Jul 4, 2022 21:38:58 GMT
Lots of availability (£68k) to manually invest in a working capital loan right now. This is a loan that's just renewed. For those who aren't familiar with the mechanics, it can be a bit confusing. Notice of, and auto allocations to, the new loan happened earlier in the day. If you looked at your account then you may well have seen a zero cash balance and thought you were fully invested. However, later in the day the previous loan repays, which can then increase your cash balance without any further notification. This has now happened, so it's worth logging in now to see if you want to increase your allocation manually to the new loan. I looked and this appears to be a new loan / borrower it's taken all off my spare cash already, correct the cash balance is zero, it could be there are delays in adding all the loan information, I can't recall that happening before.
I have done a bank transfer to top up, but doubt it will be processed until tomorrow. Being late to the party saved me the trouble. When I logged in my balance was already back to normal.
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Post by Ace on Jul 4, 2022 21:45:30 GMT
Still £5.7k available.
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Post by df on Jul 4, 2022 21:47:37 GMT
There is no 2nd Loan to compare against or I can't see one, viewing the loan information, show an active loan, but the loan numbers are the same the loan refers to itself. There would have to be two active loans listed.
I did get my top up deposit and have bought a little more, leaving some cash for other loans.
The new loan *****A9CC links to Asset Pool 8. The repaid loans *****8CEC, ****8CDF and *****8CD7 (and possibly others that I wasn’t lending to) all link to Asset Pool 2, which has an identical contents list (including watch reference numbers) to Asset Pool 8. So it's clearly a refinance of the same assets. It seems very odd that the new loan isn't directly linked to the repaid loans as being to the same borrower. Perhaps a new borrower has taken over the business of the old borrower (pure speculation). Yes, it looks like a "fresh start" renewal.
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ganymede
Member of DD Central
Posts: 304
Likes: 211
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Post by ganymede on Jul 5, 2022 10:15:43 GMT
There is no 2nd Loan to compare against or I can't see one, viewing the loan information, show an active loan, but the loan numbers are the same the loan refers to itself. There would have to be two active loans listed.
I did get my top up deposit and have bought a little more, leaving some cash for other loans.
The new loan *****A9CC links to Asset Pool 8. The repaid loans *****8CEC, ****8CDF and *****8CD7 (and possibly others that I wasn’t lending to) all link to Asset Pool 2, which has an identical contents list (including watch reference numbers) to Asset Pool 8. So it's clearly a refinance of the same assets. It seems very odd that the new loan isn't directly linked to the repaid loans as being to the same borrower. Perhaps a new borrower has taken over the business of the old borrower (pure speculation). *****8CEC, ****8CDF and *****8CD7 I was only looking at loan information of *****A9CC, checking on those loan they might be the same assets, those loans are marked as default in my records of 30 Jun 2022, they now show as repaid on 4 Jul 2022. I wasn't in any of these loans, so didn't see any repayments, maybe I missed buying into these at the time. I would agree with a new borrower, that might have settled the loans in defaults as part of the take over, all speculation.
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markyg61
Member of DD Central
Posts: 350
Likes: 250
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Post by markyg61 on Jul 5, 2022 14:56:34 GMT
Another £95k available on "Buy Now"
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Post by redpete on Jul 5, 2022 16:39:26 GMT
There is no 2nd Loan to compare against or I can't see one, viewing the loan information, show an active loan, but the loan numbers are the same the loan refers to itself. There would have to be two active loans listed.
I did get my top up deposit and have bought a little more, leaving some cash for other loans.
The new loan *****A9CC links to Asset Pool 8. The repaid loans *****8CEC, ****8CDF and *****8CD7 (and possibly others that I wasn’t lending to) all link to Asset Pool 2, which has an identical contents list (including watch reference numbers) to Asset Pool 8. So it's clearly a refinance of the same assets. It seems very odd that the new loan isn't directly linked to the repaid loans as being to the same borrower. Perhaps a new borrower has taken over the business of the old borrower (pure speculation). And another new loan, *****A9E7, using the same asset pool, offered up to buy above the amount that has been auto-enrolled. Not sure I like the way you could get exposed with a large amount to the same lender without it being obvious.
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Post by redpete on Jul 5, 2022 16:49:52 GMT
Another unusual loan today, with my share of £9.28 on a loan of a little over £1500. Normally this would be the minimum £5 on such a small loan.
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easynow
Member of DD Central
Popcorn anyone?
Posts: 178
Likes: 147
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Post by easynow on Jul 5, 2022 16:59:30 GMT
Another unusual loan today, with my share of £9.28 on a loan of a little over £1500. Normally this would be the minimum £5 on such a small loan. Lots of zero balance accounts after the two large loans.
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