Greenwood2
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Post by Greenwood2 on Aug 15, 2023 19:22:32 GMT
I didn't initially like the bubbles (got used to them), but I really also don't like the new tabular pages, in date order oldest first which means expired at the top and for me old sold ones next. In some ways you did and still have to click on each one to get detail, but seems more difficult for me, just new and different maybe?
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Post by Ace on Aug 15, 2023 19:47:43 GMT
Mine seem to be ordered by expiry date. With the earliest expiry at the top.
All of my expired loans are at the bottom.
It's how I would want them ordered.
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Greenwood2
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Post by Greenwood2 on Aug 16, 2023 5:06:44 GMT
Mine seem to be ordered by expiry date. With the earliest expiry at the top. All of my expired loans are at the bottom. It's how I would want them ordered. I mainly have 3 year loans, which are in start date order first one from 2020 at the top, first few all expired, then a few I cashed in, before I get to any active loans. I have one 6 month loan (expired) which is right at the bottom. I would prefer it newest first then I could just ignore the expired and cashed in ones which would then be at the bottom. Just tried another browser and it's the same. Am I missing a way to reverse the order?
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Post by Ace on Aug 16, 2023 7:02:46 GMT
Mine seem to be ordered by expiry date. With the earliest expiry at the top. All of my expired loans are at the bottom. It's how I would want them ordered. I mainly have 3 year loans, which are in start date order first one from 2020 at the top, first few all expired, then a few I cashed in, before I get to any active loans. I have one 6 month loan (expired) which is right at the bottom. I would prefer it newest first then I could just ignore the expired and cashed in ones which would then be at the bottom. Just tried another browser and it's the same. Am I missing a way to reverse the order? I don't think that you are missing anything. It's just that mine are in a different order to your's. I also have mostly 3 year loans. I have 6 month, 1 year, and 3 year expired loans, from 2020/2021. All of these are at the bottom of the list. I'm using chrome on android.
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Greenwood2
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Post by Greenwood2 on Aug 16, 2023 8:06:42 GMT
I mainly have 3 year loans, which are in start date order first one from 2020 at the top, first few all expired, then a few I cashed in, before I get to any active loans. I have one 6 month loan (expired) which is right at the bottom. I would prefer it newest first then I could just ignore the expired and cashed in ones which would then be at the bottom. Just tried another browser and it's the same. Am I missing a way to reverse the order? I don't think that you are missing anything. It's just that mine are in a different order to your's. I also have mostly 3 year loans. I have 6 month, 1 year, and 3 year expired loans, from 2020/2021. All of these are at the bottom of the list. I'm using chrome on android. I'm using chrome on PC. I also tried edge. I just wondered if mine had defaulted to a different order but could be changed somehow, but there doesn't seem to be a way. A minor irritation, I only really look at them once a month when the payments are made.
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firedog
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Post by firedog on Aug 16, 2023 8:08:23 GMT
Mine seem to be ordered by expiry date. With the earliest expiry at the top. All of my expired loans are at the bottom. It's how I would want them ordered. This is exactly how mine appear (Safari/Mac): ordered by expiry date, with earliest expiry at the top, and expired loans at the bottom. On the iPhone app, however, they are ordered by investment date with the latest investment at the top (so in most cases, exactly the opposite). Expired loans aren't shown.
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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 Aug 16, 2023 8:31:29 GMT
Same as Ace here on both Android phone & laptop with Edge.
If they were going to update the website, would have much preferred the availability of a tax statement
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Greenwood2
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Post by Greenwood2 on Oct 16, 2023 7:40:20 GMT
Just checking for this months payments (not in yet), but my loans have now reversed themselves, newest at the top like everyone else, they were still the other way up last month.
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benaj
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Post by benaj on Oct 16, 2023 9:54:54 GMT
I am new to Elfin. I can't see much going on. All I know is the next pay date. I have one question.
How do you know my investment is p2p lending? There's no contract, no borrower id, nor interest rate. I have no idea how much the borrower is borrowing. How does it really work?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,883
Likes: 11,106
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Post by ilmoro on Oct 16, 2023 10:31:39 GMT
I am new to Elfin. I can't see much going on. All I know is the next pay date. I have one question. How do you know my investment is p2p lending? There's no contract, no borrower id, nor interest rate. I have no idea how much the borrower is borrowing. How does it really work? Terms & Conditions loan contractOther than that there is nothing specific ... it would be nice if platforms provided specific loan contracts but most dont (even some stating they will in t&Cs)
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Greenwood2
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Post by Greenwood2 on Oct 16, 2023 11:41:03 GMT
I am new to Elfin. I can't see much going on. All I know is the next pay date. I have one question. How do you know my investment is p2p lending? There's no contract, no borrower id, nor interest rate. I have no idea how much the borrower is borrowing. How does it really work? According to Elf each investment is spread across a large number of borrowers, and redistributed frequently so that you are very well diversified to reduce risk. It is a bit of a black box, but has been working well for me so far. My current overall rate is 8.9%, maximum today and will fall a bit, because it's calculated daily but you only get paid once a month. You can see the individual investment current rate in 'your investments', if you have just started the rate will rise quite rapidly over the first few months due to the lag between investment and payments starting. They did give the expected rate somewhere I forget where and can't find it again now! As of March it was 8.0, 8.6, 9.3 and 10% for 6m, 1yr, 2yr and 3yr respectively. If you want to see actual losses you have to get a tax statement, interest payments you receive are after bad debt like Zopa used to be.
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Post by Ace on Oct 16, 2023 12:34:49 GMT
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benaj
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Post by benaj on Oct 16, 2023 12:48:21 GMT
I am new to Elfin. I can't see much going on. All I know is the next pay date. I have one question. How do you know my investment is p2p lending? There's no contract, no borrower id, nor interest rate. I have no idea how much the borrower is borrowing. How does it really work? According to Elf each investment is spread across a large number of borrowers, and redistributed frequently so that you are very well diversified to reduce risk. It is a bit of a black box, but has been working well for me so far. My current overall rate is 8.9%, maximum today and will fall a bit, because it's calculated daily but you only get paid once a month. You can see the individual investment current rate in 'your investments', if you have just started the rate will rise quite rapidly over the first few months due to the lag between investment and payments starting. They did give the expected rate somewhere I forget where and can't find it again now! As of March it was 8.0, 8.6, 9.3 and 10% for 6m, 1yr, 2yr and 3yr respectively. If you want to see actual losses you have to get a tax statement, interest payments you receive are after bad debt like Zopa used to be. So how long do I have to wait to find out my losses? Do I have to wait until the day Elfin Market release a tax statement? Or I will suddenly find out the loss on a random day? As a "black box" system, does elfin apply default in proportion to the size of investment? Or just random? Is it possible to have zero default for lending short term? say 6 months as first and only lending ever?
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Post by Ace on Oct 16, 2023 13:32:34 GMT
According to Elf each investment is spread across a large number of borrowers, and redistributed frequently so that you are very well diversified to reduce risk. It is a bit of a black box, but has been working well for me so far. My current overall rate is 8.9%, maximum today and will fall a bit, because it's calculated daily but you only get paid once a month. You can see the individual investment current rate in 'your investments', if you have just started the rate will rise quite rapidly over the first few months due to the lag between investment and payments starting. They did give the expected rate somewhere I forget where and can't find it again now! As of March it was 8.0, 8.6, 9.3 and 10% for 6m, 1yr, 2yr and 3yr respectively. If you want to see actual losses you have to get a tax statement, interest payments you receive are after bad debt like Zopa used to be. So how long do I have to wait to find out my losses? Do I have to wait until the day Elfin Market release a tax statement? Or I will suddenly find out the loss on a random day? As a "black box" system, does elfin apply default in proportion to the size of investment? Or just random? Is it possible to have zero default for lending short term? say 6 months as first and only lending ever? I don't think we really know the answers to your questions as our investments are totally opaque. I only find out about the losses when I receive my tax statement, which I have to ask for. It might be possible to get in interim statement, but I've never asked for one. I doubt it's possibly to have zero losses. Mine amounted to 36% of my income last year. The figures on the dashboard are all net figures, I.e. After losses.
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Oct 16, 2023 13:58:32 GMT
According to Elf each investment is spread across a large number of borrowers, and redistributed frequently so that you are very well diversified to reduce risk. It is a bit of a black box, but has been working well for me so far. My current overall rate is 8.9%, maximum today and will fall a bit, because it's calculated daily but you only get paid once a month. You can see the individual investment current rate in 'your investments', if you have just started the rate will rise quite rapidly over the first few months due to the lag between investment and payments starting. They did give the expected rate somewhere I forget where and can't find it again now! As of March it was 8.0, 8.6, 9.3 and 10% for 6m, 1yr, 2yr and 3yr respectively. If you want to see actual losses you have to get a tax statement, interest payments you receive are after bad debt like Zopa used to be. So how long do I have to wait to find out my losses? Do I have to wait until the day Elfin Market release a tax statement? Or I will suddenly find out the loss on a random day? As a "black box" system, does elfin apply default in proportion to the size of investment? Or just random? Is it possible to have zero default for lending short term? say 6 months as first and only lending ever? I don't really see losses at all in the monthly figures, I guess if it's all well diversified the losses even out over the months and over the different investment chunks so the actual interest % paid is pretty much the same each month and on each investment chunk. It's pretty seamless from the lender's perspective. If you request a tax statement you see the totals of interest, losses and recoveries in the usual way, but that doesn't affect the interest you actually received, which is the bottom line on the tax statement. I haven't worked it out exactly but my losses were about 4% last year so my gross interest would have been about 12% with about 8% paid. I think they diversify over the whole loan book (not meaning you are in every loan), so I don't think the one 6m would be loss free. I think they have massively increased diversification since the early days (2020). Initially I had wildly differing rates on different investment chunks and quite big monthly changes in interest, now they are all very similar. As ever past performance and all that... Edit: Crossed with Ace.
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