littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
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Post by littleoldlady on Oct 1, 2021 11:09:20 GMT
Supposedly on the 30th Sept several loans are drawing on the same day (~£3.3mm) That must move the dial ...
(With out looking at AA cash holding, I'm guessing if they all draw on their estimated date at the end of Sept. AC will use professional underwriters and they'll sell to MLA(?) )
Ok - losing patience, I've money queued for how long is it...4 months? And successfully invested only 1 pound during this time. It's getting pathetic if it wasn't already. And to think that you could have earned about 0.1% over that time in a similarly risk free a/c.
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Post by Ace on Oct 1, 2021 11:23:06 GMT
Ok - losing patience, I've money queued for how long is it...4 months? And successfully invested only 1 pound during this time. It's getting pathetic if it wasn't already. And to think that you could have earned about 0.1% over that time in a similarly risk free a/c. Or 1.3% on Loanpad.
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Post by honeybadger on Oct 4, 2021 20:57:03 GMT
It's the ISA finagling that really crunches my coconuts.
That daily crediting of interest on Loanpad is so damn sexy.
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Post by Harland Kearney on Oct 9, 2021 13:37:55 GMT
Supposedly on the 30th Sept several loans are drawing on the same day (~£3.3mm) That must move the dial ...
(With out looking at AA cash holding, I'm guessing if they all draw on their estimated date at the end of Sept. AC will use professional underwriters and they'll sell to MLA(?) )
Ok - losing patience, I've money queued for how long is it...4 months? And successfully invested only 1 pound during this time. It's getting pathetic if it wasn't already. Try your toes in Loanpad, DM me if u want a referal code for a bonus. They also a wash in cash but also have realistic pipeline loans & aim to provide for retail investors, not work against them with a traffic system akin to COVID lockdowns.  All cash pays interest (when inside a product account, no queue times currently)
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trium
Member of DD Central
Posts: 384 
Likes: 304
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Post by trium on Oct 9, 2021 20:41:43 GMT
They currently have a little over 8% in cash. A little on the high side but not really "awash with cash".
With AC it's a little less obvious just how much cash there is. Certainly my uninvested cash keeps increasing, pipeline loans keep getting postponed or disappear altogether, and if origination for MLA investors can't keep pace with redemptions the AAs will obviously suffer.
We need another panic exit.
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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
Posts: 11,315
Likes: 11,523
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Post by ilmoro on Oct 9, 2021 22:02:37 GMT
They currently have a little over 8% in cash. A little on the high side but not really "awash with cash". With AC it's a little less obvious just how much cash there is. Certainly my uninvested cash keeps increasing, pipeline loans keep getting postponed or disappear altogether, and if origination for MLA investors can't keep pace with redemptions the AAs will obviously suffer. We need another panic exit. AC auto accounts are 18% in cash. Obviously MLA no idea how much. 8% for LP is high relatively to historical figures IIRC
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