trium
Member of DD Central
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Post by trium on Sept 28, 2021 10:26:09 GMT
This loan is being being underwritten by a company owned by a CL director, which appears to mitigate the risk of opting for the more rewarding tranches. Nevertheless, I opted for B expecting the competition for C to be too hot for me to get in. Ironically, there is still £50 available in C as I type.
It's a problem with renewals (if you're not already invested) that we don't know how much of the loan is already committed to roll-over, so determining the best bidding strategy can be tricky
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jcb208
Member of DD Central
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Post by jcb208 on Sept 28, 2021 11:30:10 GMT
If your investment is already rolled over you cant invest additional £50 ,not good
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trium
Member of DD Central
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Post by trium on Sept 28, 2021 11:58:01 GMT
If your investment is already rolled over you cant invest additional £50 ,not good I kind of see your point but you already have an advantage over new lenders in that you don't have to join the FFF scrummage.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Sept 28, 2021 12:11:26 GMT
Maybe this reinvestment restriction could be lifted after the 2 hrs with the bid restriction ??
Thoughts ?
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Post by Badly Drawn Stickman on Sept 28, 2021 12:26:52 GMT
Maybe this reinvestment restriction could be lifted after the 2 hrs with the bid restriction ?? Thoughts ? It is.
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trium
Member of DD Central
Posts: 379
Likes: 298
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Post by trium on Sept 28, 2021 13:08:40 GMT
My experience here was as previously moaned about. Bid restriction lifted, asked for £75, told I could have £50. Instead of giving me that, I have to resubmit bid for £50. By then the £50 has gone to a slower bidder. Hmmph
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