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Post by captainconfident on Dec 20, 2021 10:23:09 GMT
New loan 17/12/21
T*********************************** Ltd.
60 months
20% starting rate
Maintenance of tenanted buildings; consolidation of outstanding loans.
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Post by df on Dec 20, 2021 13:08:01 GMT
New loan 17/12/21 T*********************************** Ltd. 60 months 20% starting rate Maintenance of tenanted buildings; consolidation of outstanding loans. A very risky one, in my opinion. Probably this is the reason for lack of interest from investors.Only 21% funded so far, other recent loans filled very quickly.
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Post by captainconfident on Dec 20, 2021 16:57:20 GMT
I do see that it looks a bit thin, but my Rebs-sense tells me not to be judgemental. I've tried betting on what succeeds and what fails on this platform without any success. Ones I avoided for being hopeless looking, like Dream***, the one man "personal services company", are within a few months of finishing, with perfect repayment record. The ratings A-C have no bearing on performance. For years now I've just bunged in the same amount on all new loans. If feelings of doubt persist, the secondary market on Rebs is always super-absorbent.
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Post by df on Dec 20, 2021 17:36:43 GMT
I do see that it looks a bit thin, but my Rebs-sense tells me not to be judgemental. I've tried betting on what succeeds and what fails on this platform without any success. Ones I avoided for being hopeless looking, like Dream***, the one man "personal services company", are within a few months of finishing, with perfect repayment record. The ratings A-C have no bearing on performance. For years now I've just bunged in the same amount on all new loans. If feelings of doubt persist, the secondary market on Rebs is always super-absorbent. I've skipped your initial experience and jumped straight into "the same amount on all new loans". There were only about 3 or 5 loans I've dismissed (they were far too risky), otherwise I'm in almost every single loan on Rebs. I've started on Rebs about 5 years ago and this strategy worked well for me so far. 43% of my funds on Rebs is the interest earned and the average weekly repayments amount stays more or less stable. And yes, very good point. Selling on SM is almost instant even at premium, so changing your mind shouldn't be a problem if you do it before the loan defaults 
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