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Post by tomujain on Oct 5, 2021 12:14:27 GMT
I noticed Somo hasn't had any new loans for the last few months. Should we be concerned? Is this the beginning of the end and they are keeping quiet about it? There isn't even any pipeline loans on the market.
Curious to hear what you guys think.
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michaelc
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Post by michaelc on Oct 5, 2021 12:48:56 GMT
I am seeing new loans quite often.
Last 3 were 30 Sep.
I assume they are being bought quickly.
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p2pfan
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Full-Time Investor
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Post by p2pfan on Oct 5, 2021 13:14:03 GMT
I'm seeing a huge number of loans launching. There is a regular stream.
The loans are very popular and get snapped up incredibly quickly, that's why you may not be seeing them on the platform.
SoMo remains one of my very favourite platforms - and, judging my how quickly both new loans and those on the secondary market are lent to - is incredibly popular among other 'P2P' lenders too.
It'd be more competition for me, but my advice to you and everyone would be make sure you are subscribed to their mailings so that you are emailed when new loans launch - and then dive in very quickly.
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Greenwood2
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Post by Greenwood2 on Oct 5, 2021 13:27:27 GMT
You can see the new loans at the top of the list of 'All Live', I make it 23 from the start of September to date.
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Oct 5, 2021 15:26:12 GMT
2nd charge loans seem plenty full, 1st not so much ? all vanish within a short period.
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aj
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Post by aj on Oct 6, 2021 9:00:02 GMT
I've found new loans are struggling to meet demand at the moment, but I've had three loans repay in September (1786,1817,1818) equating to approx. half my BC investment.
So, yes BC is definitely doomed, pull all your cash out now! (So I can get some loans)
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