tony
Posts: 136 
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Post by tony on Mar 17, 2015 17:02:49 GMT
Can anyone tell me why this loan has not been included in the weekly update for the past two weeks?
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will
Member of DD Central
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Post by will on Mar 17, 2015 17:31:48 GMT
The other 6 bowtee loans were missed off, too.  |
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Post by solicitorious on Mar 17, 2015 18:45:59 GMT
Gone cruisin' ?  |
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Mar 17, 2015 18:52:20 GMT
My belief is that they are tightly moored!
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paulg
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Post by paulg on Mar 17, 2015 20:40:20 GMT
What's a Yatch?  |
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Mar 17, 2015 20:50:10 GMT
What's a Yatch? Something you put on your yist !!! 
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j
Member of DD Central
Penguins are very misunderstood!
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Likes: 540
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Post by j on Mar 17, 2015 21:12:35 GMT
What's a Yatch? One talks poshe, one does you knowe
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tony
Posts: 136
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Post by tony on Mar 23, 2015 20:33:59 GMT
The other 6 bowtee loans were missed off, too. So, Super Yatch is listed again and appears in today's Weekly Update which tells us that the loan period is likely to be extended by three months. The same goes for PBL 06. SS always seem to be willing to extend loan periods, rather than call time and consider the borrower to have defaulted, but I suppose that is the most cost effective solution. I am assuming that SS will offer to buy the loan part from investors who do not wish to wait a further three months for their money - if not, investors will have to try to sell on the secondary market.
Rate Setter have the advantage of having fixed loan terms but their interest rates are not so attractive so I guess I will stay with SS.
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mikes1531
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Post by mikes1531 on Mar 24, 2015 0:15:17 GMT
SS always seem to be willing to extend loan periods, rather than call time and consider the borrower to have defaulted, but I suppose that is the most cost effective solution. I am assuming that SS will offer to buy the loan part from investors who do not wish to wait a further three months for their money - if not, investors will have to try to sell on the secondary market. For boat loan renewals in the past, SS have always insisted that the borrower pay the interest on the maturing term before rolling the loan over. They've also usually paid the capital and interest to all the current investors, and then put the loan on the website as if it were a completely new loan. That's obviously easier with small loans than with big ones, so it isn't clear how they're intending to deal with these extensions. But as long as the secondary market stays active, and anyone who wants to get out of a loan can do so reasonably quickly, it won't be an issue. At the moment, there are no parts of the yacht loan available. And about £1,200 of parts were sold today, so there appear to be buyers about. Anyone who wants to extract their money at the original maturity, should be offering their parts for sale now.
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will
Member of DD Central
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Post by will on Mar 24, 2015 9:42:55 GMT
Hmmmm ... I thought it made more sense to wait until beyond the end of March - get the full month's interest, then flog it. OR not do so but roll it over?
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Mar 24, 2015 9:51:43 GMT
The other 6 bowtee loans were missed off, too. So, Super Yatch is listed again and appears in today's Weekly Update which tells us that the loan period is likely to be extended by three months. The same goes for PBL 06. SS always seem to be willing to extend loan periods, rather than call time and consider the borrower to have defaulted, but I suppose that is the most cost effective solution. I am assuming that SS will offer to buy the loan part from investors who do not wish to wait a further three months for their money - if not, investors will have to try to sell on the secondary market.
Rate Setter have the advantage of having fixed loan terms but their interest rates are not so attractive so I guess I will stay with SS.
: how did you receive "today's Weekly Update"? Was it by yet another e-mail that I haven't received? Thanks.
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will
Member of DD Central
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Post by will on Mar 24, 2015 10:02:38 GMT
Yup, it's on here as "Weekly update 23/03/2015" - by Saving Stream via Il Morro(sp?)
I missed it this time, too. No e-mail.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Mar 24, 2015 10:19:18 GMT
Yup, it's on here as "Weekly update 23/03/2015" - by Saving Stream via Il Morro(sp?) I missed it this time, too. No e-mail. Ah got it. Thanks will.
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Liz
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Post by Liz on Mar 24, 2015 11:57:58 GMT
I got the upfront interest on PBL6, why can't I sell if its been extended?
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Liz
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Post by Liz on Mar 24, 2015 12:07:13 GMT
I got the upfront interest on PBL6, why can't I sell if its been extended? And if it started 4/8/14 with 6 months upfront interest, then why didn't I get 5/2/15-28/2/15 interest? So how does the interest on upfront work? Especially when they go past the initial term?
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