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Post by zzr600 on Apr 9, 2015 8:59:31 GMT
As there are recent transactions on PBL07, it would be interesting to know how many people bought some of it knowing it had defaulted, and how many bought not realising the loan was in default
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Liz
Member of DD Central
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Post by Liz on Apr 9, 2015 11:16:59 GMT
No ones touching it now, and those trying to sell aren't earning interest.
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mikes1531
Member of DD Central
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Post by mikes1531 on Apr 9, 2015 11:33:56 GMT
No ones touching it now, and those trying to sell aren't earning interest. It's certainly not selling quickly, but there has been the occasional secondary market transaction. Over £3k traded yesterday. It's impossible to know, of course, whether or not someone might have decided to repurchase their own parts that they had been trying to sell -- just to restart the interest accruing. I have a small holding of PBL007, but I've had that since August, when the loan originated.
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Post by lightshiner on Apr 10, 2015 14:46:26 GMT
I listed mine for sale a couple of weeks back after it said it defaulted and it was snapped up quite quickly, I was surprised. I figured it was SS buying it since they are in negotiations to sell
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11025
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Post by 11025 on Apr 10, 2015 16:06:30 GMT
Didn't bother attempting to selling mine as I figured there would be no takers and interest would be lost - which as above wasn't always the case !
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gc
Member of DD Central
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Post by gc on Apr 10, 2015 18:51:19 GMT
Bought into it before it defaulted. Not sure why but felt uncomfortable with it and sold the lot. Few days later it defaulted. (must have been the tea leaves)
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manue
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Post by manue on Apr 10, 2015 19:37:27 GMT
After many weeks pondering weather to invest money in these p2p platforms I decided to dip my toe in gently.. this was the first loan I invested my money in.. bad timing or bad luck!!
But I've stuck with it, it will be a good test on how SS exit this with reputation intact.
At this time I have faith they will get our money back.
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webwiz
Posts: 1,133
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Post by webwiz on Apr 10, 2015 20:19:50 GMT
The reason there are no votes as I write at 21.20 on 10/4 may be because the people who bought on the SM after the default do not read this forum.
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gc
Member of DD Central
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Likes: 141
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Post by gc on Apr 10, 2015 20:24:18 GMT
I imagine most people (invested or not) are watching to see how they handle this one as it will set a standard on how they handle such situations in the future, and also a trust factor on future investments with them.
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