criston
Member of DD Central
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Post by criston on Oct 26, 2021 11:58:59 GMT
Strange. After many weeks of hardly anything to sell from my dregs, suddenly a vast amount are available to sell in all 4 of our accounts today.
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aju
Member of DD Central
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Post by aju on Oct 26, 2021 15:14:14 GMT
Might be covid affected loans that have been released from covid protection who knows. On the 20th I picked up a sold loan, only £3.02 and just checked some recent defaults and noticed it was one that went to default today not even 6 days in my possession. I'm the owner of yet another default!. I find it interesting that the loan is marked as <30 days so how it went so quickly to default is anyone guess. The whole loan was for £15000 and was only 3 months old in total so not sure what Zopa is doing lending to someone who may have been in trouble to fail so soon. It's not a covid affected loan Hope i don't pick too many more up like this ...
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coogaruk
Hello everyone! Anyone remember me?
Posts: 702
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Post by coogaruk on Oct 26, 2021 16:03:52 GMT
The whole loan was for £15000 and was only 3 months old in total so not sure what Zopa is doing lending to someone who may have been in trouble to fail so soon. Maybe they've been taking lessons from FC
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aju
Member of DD Central
Posts: 3,480
Likes: 917
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Post by aju on Oct 26, 2021 16:13:49 GMT
The whole loan was for £15000 and was only 3 months old in total so not sure what Zopa is doing lending to someone who may have been in trouble to fail so soon. Maybe they've been taking lessons from FC Please no! ... Mind you can't login at the moment - not seeming to receive text codes - other companies can send me texts so i am assuming Zopa's texting platform has died ... come to think of it though its never been that reliable.
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Post by Ton ⓉⓞⓃ on Oct 26, 2021 16:57:19 GMT
Strange. After many weeks of hardly anything to sell from my dregs, suddenly a vast amount are available to sell in all 4 of our accounts today. My thinking maybe a little off the wall here,
But might it be down to Zopa Bank tier one money (shareholder funds) having run out or at a level they're happy with. Tier one bank money must be measured in tens of millions? when it's had it's fill may be we then get a look in. I've always imagined that both the banks' shareholder's money and ours are in the queue together but as they have more they get the lions share. Thinking about those buying the "sold loans" would Zopa tier one money be allowed inside info into which were the good years or tranches to buy into?
Can someone put me straight on the above please ...
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aju
Member of DD Central
Posts: 3,480
Likes: 917
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Post by aju on Oct 26, 2021 23:17:15 GMT
Maybe they've been taking lessons from FC Please no! ... Mind you can't login at the moment - not seeming to receive text codes - other companies can send me texts so i am assuming Zopa's texting platform has died ... come to think of it though its never been that reliable. BTW all the texts for both myself and Mrs Aju eventually came in at once about 2 hours later ! go figure that one eh!
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