agent69
Member of DD Central
Posts: 6,030 
Likes: 4,431
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Post by agent69 on Sept 23, 2021 19:08:28 GMT
I've never received a statement before, but one dropped on the mat this morning confirming I have £30 invested on the platform.
Are these normal?
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,056
Likes: 616
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Post by dave4 on Sept 23, 2021 19:18:10 GMT
yep got the same. Nice envelope too,(someones doing well). never got one before. +7 years account .
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Post by Badly Drawn Stickman on Sept 23, 2021 19:21:35 GMT
I've never received a statement before, but one dropped on the mat this morning confirming I have £30 invested on the platform.
Are these normal? A mat, very posh. Must be normal, I got one as well alas no £30 mysteriously appeared.
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Post by df on Sept 23, 2021 20:55:36 GMT
I've never received a statement before, but one dropped on the mat this morning confirming I have £30 invested on the platform.
Are these normal? No, not normal. I've never received any post from AC before. Very think paper and very generous on ink... Could be more cost effective to distribute this info electronically.
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agent69
Member of DD Central
Posts: 6,030
Likes: 4,431
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Post by agent69 on Sept 23, 2021 21:10:55 GMT
I've never received a statement before, but one dropped on the mat this morning confirming I have £30 invested on the platform.
Are these normal? Must be normal, I got one as well alas no £30 mysteriously appeared. Bought it with the profits I made on P2P last year. If things go well this year I might be able to afford a door bell.
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travolta
Member of DD Central
Posts: 1,506
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Post by travolta on Sept 23, 2021 21:15:46 GMT
metoo#
Maybe they are after the retromarket.
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blender
Member of DD Central
Posts: 5,719
Likes: 4,272
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Post by blender on Sept 23, 2021 21:25:49 GMT
metoo# Maybe they are after the retromarket. Yes, must be all those care homes influencing the communications.
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dead-money
Rocket to the Moon
Posts: 746
Likes: 654
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Post by dead-money on Sept 25, 2021 19:58:24 GMT
Now all they need to do is align it with the tax year, i.e. the period for which one might actually have to report such details.
And yeah, maybe go for electronic only and save a few trees!
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Balder
Member of DD Central
Posts: 646
Likes: 622
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Post by Balder on Sept 26, 2021 7:10:54 GMT
I just thought straight away that they are trying to boost lender confidence - "look at our quality". My statement showed zero on the platform and it is staying that way.
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alibaba
Member of DD Central
Posts: 341
Likes: 245
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Post by alibaba on Sept 26, 2021 8:14:14 GMT
Wish I had zero on my statement
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Post by overthehill on Sept 26, 2021 8:44:56 GMT
Wish I had zero on my statement That's my target unless they reduce their charges and increase rates and also reduce the number of loans in monitoring, recovery and default (check the percentage against current loans)
"to my eternal regret TC/BLN". I'm curious, does BLN in your prologue refer to Blend Network ?
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nyneil
Member of DD Central
Posts: 349
Likes: 438
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Post by nyneil on Sept 26, 2021 8:57:18 GMT
Conversation in our household:
Wife: Did you get one of these?
Me: Yes but never had one before
Wife: I'll let you file them
Me: They are going in the shredder. All I have to do is log on to see our account status. Waste of money.
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Post by Ton ⓉⓞⓃ on Sept 26, 2021 12:12:35 GMT
I think there's a requirement in MiFiD (old EU law) that meant banks etc had to be transparent and need to disclose to their customers by letter an annual statement
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alibaba
Member of DD Central
Posts: 341
Likes: 245
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Post by alibaba on Sept 26, 2021 12:38:07 GMT
Wish I had zero on my statement That's my target unless they reduce their charges (same as increasing rates) and number of loans either in monitoring or recovery mode.
"to my eternal regret TC/BLN". I'm curious, does BLN in your prologue refer to Blend Network ?
In Reply
BLN/ is the name that TC changed to when they put the retail part of the business into administration ( I wish that I was in Blend network)
Out of interest these are my holdings in AC, in some cases I have been waiting years to remove funds and I will probably be waiting a few more if I survive the wait.
GBBA1 6K, 11 loans (7 in default 2 suspended)
GBBA2 29k 45 loans (11 suspended) M/L 3K 22 loans (9 in default 3 suspended)
GEA 4k 7 loans ( 5 in default 5 suspended)
12 k Accrued interest
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Post by overthehill on Sept 26, 2021 12:59:04 GMT
That's my target unless they reduce their charges (same as increasing rates) and number of loans either in monitoring or recovery mode.
"to my eternal regret TC/BLN". I'm curious, does BLN in your prologue refer to Blend Network ?
In Reply
BLN/ is the name that TC changed to when they put the retail part of the business into administration ( I wish that I was in Blend network)
Out of interest these are my holdings in AC, in some cases I have been waiting years to remove funds and I will probably be waiting a few more if I survive the wait.
GBBA1 6K, 11 loans (7 in default 2 suspended)
GBBA2 29k 45 loans (11 suspended) M/L 3K 22 loans (9 in default 3 suspended)
GEA 4k 7 loans ( 5 in default 5 suspended)
12 k Accrued interest
I think AC have got off light in this forum and so have I. Regardless of the interest rate, your actual/final returns are unpredictable, more so if the situation gets worse rather than better. The more I look, the less I like. It reminds me of FC and Zopa, stack them high and sell them cheap, sort of. The sheer number of defaults and recoveries swamped them so they reverted to selling loanbooks to debt companies at a discount. This type of model is marketed as diversification so looks attractive in terms of income and security unless you need or want your capital back.
BTW, the only way to get into Blend Network is via a tunnel or a Star Trek transporter
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