ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Nov 8, 2023 21:14:55 GMT
I've made a withdrawal yesterday and mine is 2.5% now. Today I had just one £5 loan, yesterday I had 5 loans ranging between £5 and £7.37 - I don't think these allocations would've been significantly larger if I had quadruple percentage of idle cash in UB. I got nothing in either account today. I had 4 loans in each yesterday between £5 and £41, for a total of total of ~£93 in each account. 2 today, 4 yesterday, 2 Mon ... most £5, couple a few pence more ... I have no cash drag at all, rare I have more than £20 free cash & only for maybe a day or so, but then only a small investment
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mogish
Member of DD Central
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Post by mogish on Nov 9, 2023 7:46:48 GMT
Does seem very random how funds are allocated. Today I'm at 10.24% idle cash. 7th nov 21.74 lent out over 4 loans.
I'm surprised how some posters have little or no cash drag. My investment now is down to 4k so not a massive sum with loan values set at £150per loan.
Maybe Ub need to do a little marketing or find a partner to boost loans . Or at worst do a LW( a last resort).
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Nov 9, 2023 9:25:54 GMT
My cash drag is 11% ish, slowly rising for the last month or so, have removed spare cash cash beginning I Of month hasn't helps as just returned within 2 days.
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Post by df on Nov 9, 2023 10:09:42 GMT
Does seem very random how funds are allocated. Today I'm at 10.24% idle cash. 7th nov 21.74 lent out over 4 loans. I'm surprised how some posters have little or no cash drag. My investment now is down to 4k so not a massive sum with loan values set at £150per loan. Maybe Ub need to do a little marketing or find a partner to boost loans . Or at worst do a LW( a last resort). I maintain my cash balance between £70 and £200. Loan value set at £100. I don't think it is lack of loans, but the increased number of investors (10.2% is a good rate for a relatively low risk investment). The loan flow stayed about the same since I opened this account 7 years ago.
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mogish
Member of DD Central
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Post by mogish on Nov 9, 2023 12:31:11 GMT
Does seem very random how funds are allocated. Today I'm at 10.24% idle cash. 7th nov 21.74 lent out over 4 loans. I'm surprised how some posters have little or no cash drag. My investment now is down to 4k so not a massive sum with loan values set at £150per loan. Maybe Ub need to do a little marketing or find a partner to boost loans . Or at worst do a LW( a last resort). I maintain my cash balance between £70 and £200. Loan value set at £100. I don't think it is lack of loans, but the increased number of investors (10.2% is a good rate for a relatively low risk investment). The loan flow stayed about the same since I opened this account 7 years ago. Df this not my returns rate at 10.4% its idle cash. You may be correct re sheer numbers of investors diluting the loans. It is what it is and we all make choices where we stick our money.
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Post by Ace on Nov 9, 2023 19:41:01 GMT
Roughly £28 repaid and £49 lent over 6 loans for me today (same in both account). A small step in the right direction.
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Post by df on Nov 9, 2023 20:57:11 GMT
I maintain my cash balance between £70 and £200. Loan value set at £100. I don't think it is lack of loans, but the increased number of investors (10.2% is a good rate for a relatively low risk investment). The loan flow stayed about the same since I opened this account 7 years ago. Df this not my returns rate at 10.4% its idle cash. You may be correct re sheer numbers of investors diluting the loans. It is what it is and we all make choices where we stick our money. I understood that 10.4% is your idle cash. 10.2% is the current interest rate for new loans. I suspect that the increase from 7.8% to 10.2% brought more investors on board.
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Post by Ace on Nov 14, 2023 19:47:55 GMT
Back up to 10% idle cash after several withdrawals. Shame. Leaving the funds on the platform isn't working either. I'm up to 14.5% cash in both accounts now. 6 days later and I'm now up to 18.3% cash in one account and 18.6% in the other. I'm very tempted to start withdrawing from the non-ISA account and put the funds to work elsewhere, but will still probably wait a little while longer. I'll drop UB a line to see what they have to say.
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Post by Ace on Nov 15, 2023 13:00:34 GMT
Leaving the funds on the platform isn't working either. I'm up to 14.5% cash in both accounts now. 6 days later and I'm now up to 18.3% cash in one account and 18.6% in the other. I'm very tempted to start withdrawing from the non-ISA account and put the funds to work elsewhere, but will still probably wait a little while longer. I'll drop UB a line to see what they have to say. Here's the response that I received from Unbolted: I'll resist withdrawing for a little while to see how it goes.
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mogish
Member of DD Central
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Post by mogish on Nov 15, 2023 16:23:19 GMT
Thanks Ace.ive seen a bit of a chunk go out today so idle cash has reduced a bit. Let's hope the situation continues to improve over coming months.
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Post by Ace on Nov 15, 2023 16:30:40 GMT
Thanks Ace.ive seen a bit of a chunk go out today so idle cash has reduced a bit. Let's hope the situation continues to improve over coming months. Looks like I was too impatient. Both accounts down to 9% cash today.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Nov 15, 2023 16:48:36 GMT
Hump, I have more idle cash than ever before. But nice to know the reason why and ub are doing the right thing.. Update 1hr and a half later, back down to small change.
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Post by scrumper on Nov 28, 2023 12:16:37 GMT
It seems nobody is quite sure how allocations work but I assume there must be a lot more money sitting around Unbolted at the moment. Today a loan was renewed repaying me my £170 and I was allocated £28 in the renewal, I had the same settings but a lot more uninvested cash in my account than when the last one started.
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mogish
Member of DD Central
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Post by mogish on Nov 28, 2023 18:55:40 GMT
After a brief improvement, my idle cash is yet again back up to 10.3%. I've tried adjusting loan limits etc and nothing I do can change the outcome. How are posters with no or little idle cash archiving this?
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Post by Ace on Nov 28, 2023 19:20:39 GMT
After a brief improvement, my idle cash is yet again back up to 10.3%. I've tried adjusting loan limits etc and nothing I do can change the outcome. How are posters with no or little idle cash archiving this? My idle cash is currently 6.6% and 8.6% across my 2 accounts. From previous discussions, I think that it's only those with very low balances that can stay fully invested. The way to increase your lending is to increase your limits, but that obviously comes with danger.
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