ashtondav
Member of DD Central
Posts: 1,805 
Likes: 1,087
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Post by ashtondav on Mar 2, 2022 16:47:03 GMT
i have a 5 figure sum waiting in cash here, and as I was thinking of withdrawing it I phoned up and was told several big loans coming in the next 2 months. In case anyone else is wondering...
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easylender
Member of DD Central
Posts: 248
Likes: 222
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Post by easylender on Mar 2, 2022 21:18:55 GMT
i have a 5 figure sum waiting in cash here, and as I was thinking of withdrawing it I phoned up and was told several big loans coming in the next 2 months. In case anyone else is wondering... Thanks, I'm in a similar position. I would be interested to know other lender's assessment of the cash drag on this platform.
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Post by overthehill on Mar 2, 2022 21:25:28 GMT
i have a 5 figure sum waiting in cash here, and as I was thinking of withdrawing it I phoned up and was told several big loans coming in the next 2 months. In case anyone else is wondering... Thanks, I'm in a similar position. I would be interested to know other lender's assessment of the cash drag on this platform.
Just withdraw it, the ISA is flexible and the autolend doesn't shutdown when you take funds out like Blend did. The maximum cash drag after loan draws down is 10 days. The interest rates on some on the tranche A pipeline loans are borderline, 2 more interest rate rises to come soon IMHO.
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hantsowl
Member of DD Central
Posts: 672
Likes: 546
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Post by hantsowl on Mar 2, 2022 22:04:44 GMT
Thanks, I'm in a similar position. I would be interested to know other lender's assessment of the cash drag on this platform.
Just withdraw it, the ISA is flexible and the autolend doesn't shutdown when you take funds out like Blend did. The maximum cash drag after loan draws down is 10 days. The interest rates on some on the tranche A pipeline loans are borderline, 2 more interest rate rises to come soon IMHO.
Careful here. The ISA is flexible and you can withdraw, but make sure it is put back before the end of the tax year (5th April) or else you will lose the tax free status for the cash left out. You can then withdraw again after the new tax year starts.
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mcfc
I’m invested in Qardus, Loanpad, Proplend, and Crowproperty
Posts: 91
Likes: 62
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Post by mcfc on Mar 2, 2022 22:07:44 GMT
I only use self select and so do not leave any funds in the account until Proplend advise me of a loan due to go into funding that I am interested in. I therefore find there is no more than 10 days of cash drag which for me is better than any of the other P2P accounts I hold.
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easylender
Member of DD Central
Posts: 248
Likes: 222
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Post by easylender on Mar 2, 2022 22:54:40 GMT
I was hoping to transfer in funds from an old ISA. That could take up to 15 working days so I guess may not be fast enough to catch a funding opportunity.
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Post by uksoul on Mar 3, 2022 7:34:37 GMT
2 loans due for release end of the week/next week. Not very big though.
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Post by overthehill on Mar 3, 2022 10:42:43 GMT
2 loans due for release end of the week/next week. Not very big though. and not very high either.
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Post by overthehill on Mar 3, 2022 10:49:33 GMT
I was hoping to transfer in funds from an old ISA. That could take up to 15 working days so I guess may not be fast enough to catch a funding opportunity.
It won't take Proplend 15 days, they will do their part in 2 days.
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Post by uksoul on Mar 3, 2022 11:19:44 GMT
2 loans due for release end of the week/next week. Not very big though. and not very high either. Tranche A low compared to previous years but inline with current climate. Tranche B/C not bad. Loan rates are going to be down for awhile.
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hubert
Member of DD Central
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Post by hubert on Mar 3, 2022 11:58:44 GMT
2 loans due for release end of the week/next week. Not very big though. Where does it say the approximate release dates of the pending loans ?
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Post by uksoul on Mar 3, 2022 14:14:56 GMT
2 loans due for release end of the week/next week. Not very big though. Where does it say the approximate release dates of the pending loans ? It is not detailed on the pending loans. informed from the admin team.
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hantsowl
Member of DD Central
Posts: 672
Likes: 546
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Post by hantsowl on Mar 3, 2022 17:53:37 GMT
Just received email about repayments. Next 3 loans are mentioned as 2 Shirley’s and a Purley.
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bababill
Member of DD Central
Posts: 525
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Post by bababill on Mar 3, 2022 23:02:35 GMT
i have a 5 figure sum waiting in cash here, and as I was thinking of withdrawing it I phoned up and was told several big loans coming in the next 2 months. In case anyone else is wondering... Several million due for repayment in the next 68 days too. So repayments might outnumber new loans...
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Post by overthehill on Mar 29, 2022 10:36:41 GMT
Does anyone know the order of the next loans to go live excluding the recent Leic* loan.
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