adrianc
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Post by adrianc on Mar 9, 2016 15:58:04 GMT
Besides it might encourage them <prepares for aerial battle between dragons and pigs>
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ilmoro
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'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 Mar 20, 2016 13:45:37 GMT
Now with added #loan numbers
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Post by GSV3MIaC on Mar 20, 2016 16:55:04 GMT
Now with added #loan numbers Excellent fellow .. sorry I am on vacation or I could easily have PMd or posted the full list and saved you some looking up.
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jonah
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Post by jonah on Mar 23, 2016 5:56:16 GMT
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mickj
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Post by mickj on Mar 23, 2016 11:21:10 GMT
Seeing some Recent Updates, 2hrs old. Good work SS
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SteveT
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Post by SteveT on Mar 23, 2016 11:41:49 GMT
PBL053 supposedly has 148 days remaining, but this morning has acquired an update stating " Extended for 1 month, interest and fees received. Another lender has offered to refinance, currently in legals." savingstream, if this loan has less than 1 month remaining, why does it say 148 days to go? How many other loans are showing an incorrect term?
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homes119
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Post by homes119 on Mar 23, 2016 12:01:28 GMT
PBL053 supposedly has 148 days remaining, but this morning has acquired an update stating " Extended for 1 month, interest and fees received. Another lender has offered to refinance, currently in legals." savingstream , if this loan has less than 1 month remaining, why does it say 148 days to go? How many other loans are showing an incorrect term? Quite a few actually, it's been touched up in this thread: p2pindependentforum.com/thread/4584/interest-deducted-front-loans
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SteveT
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Post by SteveT on Mar 23, 2016 12:05:01 GMT
Indeed, but I had hoped they'd all been corrected by now. Clearly not yet ...
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Post by Deleted on Mar 23, 2016 12:14:18 GMT
PBL053 supposedly has 148 days remaining, but this morning has acquired an update stating " Extended for 1 month, interest and fees received. Another lender has offered to refinance, currently in legals." savingstream , if this loan has less than 1 month remaining, why does it say 148 days to go? How many other loans are showing an incorrect term? This particular one shouldn't be a surprise, it had already been announced that this loan was refinancing two weeks ago. Bridging loans are meant to be flexible and can be repaid at any point in time.
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ilmoro
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'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 Mar 23, 2016 12:31:26 GMT
PBL053 supposedly has 148 days remaining, but this morning has acquired an update stating " Extended for 1 month, interest and fees received. Another lender has offered to refinance, currently in legals." savingstream , if this loan has less than 1 month remaining, why does it say 148 days to go? How many other loans are showing an incorrect term? This particular one shouldn't be a surprise, it had already been announced that this loan was refinancing two weeks ago. Bridging loans are meant to be flexible and can be repaid at any point in time. Yes, they can refinance at anytime within the advertised period but the SS model is that interest is retained up front so lender are lending on the premise that the interest for the full term advertised has been retained and make any decisions on if/when to sell down a holding on that position/risk calculation. If the advertised term is wrong, then any decisions are based on incorrect info. Some lenders prefer to mitigate their risk of defualt/illiquidity by selling down loans before original term is up. PBL53 is old T&Cs so risk is limited but on new T&Cs lenders would potentially be in a situation where interest was being accrued rather than paid on a default loan and liquidity had disappeared as a result.
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Post by GSV3MIaC on Mar 23, 2016 16:43:51 GMT
I agree with ilmoro, SS need to start showing a more meaningful depiction of 'term' (or else separately show how much interest is in the gas tank at any time). Much as I love the SS platform, there is a certain fuzziness around "term", and also (in some cases) 'LTV' (where 'V' has been defined a bit more loosely than 'current 90-day sale value'). A loan showing -56 day remaining term just raises a whole bunch of questions, which I am sure savingstream have better things to do than keep answering. Well I hope they do. I'm prepared to cut quite a bit of slack for a newish platform and even newer website, but others (including the FCA) may be pickier, which would not be good.
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spyrogyra
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Post by spyrogyra on Mar 23, 2016 18:34:57 GMT
The term showing is quite a determining factor when making a decision to invest through the SM in smaller loans that come up and disappear in seconds.
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adrianc
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Post by adrianc on Mar 23, 2016 18:52:26 GMT
The term showing is quite a determining factor when making a decision to invest through the SM in smaller loans that come up and disappear in seconds. Keep a list of which loans you want. I do it by holding 1p in loans I don't want - nice, easy, at-a-glance "Do I buy or not?"...
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Post by Deleted on Mar 23, 2016 22:01:40 GMT
I read with interest the updates that ilmoro keeps well ordered.
But I haven't seen the latest (2 or 3) periodic SS updates arriving to my email. They used to come quite puctual, but not anymore.
Have they changed anything? I checked also in the spam folder and they seem not to be arriving at all.
(I do receive loads of other mails from them about purchases, sales, etc)
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SteveT
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Post by SteveT on Mar 23, 2016 22:05:33 GMT
I read with interest the updates that ilmoro keeps well ordered. But I haven't seen the latest (2 or 3) periodic SS updates arriving to my email. They used to come quite puctual, but not anymore. Have they changed anything? I checked also in the spam folder and they seem not to be arriving at all. (I do receive loads of other mails from them about purchases, sales, etc) Loan updates are on their website now (see Recent Updates page)
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