iren
Member of DD Central
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Post by iren on Oct 23, 2015 17:03:33 GMT
With all these loans being pulled, I may switch my policy to start reading the loan propositions only when underwriting is called.
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ianj
Member of DD Central
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Post by ianj on Oct 23, 2015 17:46:03 GMT
Bored, bored, bored!  My cash has been trying to decide whether it deserves better! Should it await the arrival of a long promised jam tart,  or should it be tempted by the distinct aroma of an alternative tasty offering, topped with a fresh, fruity and flavourful 12% conserve, available at another baker’s establishment right now?  Should it keep aimlessly loitering,  or will it be decisive and shorten the queue in the bleak, seemingly endless corridor leading to the 3.75% scrapings at the bottom of the QAA jar?  Time for action!  Today’s planned repayment has now made a reservation in a veritable cash nirvana,  there it anticipates being rejuvenated and pampered as befitting all hard earned readies.  It says it may well return if/when the loan barometer is set fair! 
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agent69
Member of DD Central
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Post by agent69 on Oct 23, 2015 17:59:33 GMT
Come back FC, all is forgiven?
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SteveT
Member of DD Central
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Post by SteveT on Oct 23, 2015 18:05:30 GMT
Some of my AC never-to-be-loaned cash has also now bailed out and is planning a jaunt in an orange Lamborghini on Monday afternoon
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Post by crabbyoldgit on Oct 23, 2015 18:52:00 GMT
As a very small beer investor the present loan shortage has not effected me at all,one or two new loans a month and a bit of shrapnal have been more than enough but suddenly thing do not look very good at all and if im getting worried and starting to see with repayments from existing loans coming fast what must you much larger investers beginning to think.ac need a few new loans to be annouced and soon .
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Post by jevans4949 on Oct 23, 2015 20:56:44 GMT
... ac need a few new loans to be annouced and soon . Not only to be announced but actually to happen.
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bigfoot12
Member of DD Central
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Post by bigfoot12 on Oct 23, 2015 21:30:19 GMT
Come back FC, all is forgiven? That is my thinking. Transferred more that way this week.
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oldgrumpy
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Post by oldgrumpy on Oct 23, 2015 22:43:50 GMT
Oh dear. Coventry. Four loans withdrawn (various reasons) from the pipeline. Now I'm back in four figures again unable to get near the QAA, with one "maybe" drawdown a week away (already postponed before), others "maybe" a fortnight away, and the current trends pointing towards realistic mid November or later. About twenty "buy"|settings, half of them I don't really want, but that can only go so far.
AC was going to be my No 1 place eighteen months ago. It is still a poor second and making little progress. (Can't forgive FC though and Z - remember them(?) was dumped two years back).
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Post by chielamangus on Oct 24, 2015 8:33:22 GMT
Yup. AC was my preferred platform, but now I'm thrashing around trying alternatives. But FC? Never again. SS? In a small way, but they need to greatly increase the amount and flow of information on each loan now they have transferred the risk to the lender. It would also help if they answered questions - three have been in the queue for a week. Seems that if the best of SS and AC combined there'd be a decent business there with happy lenders. Any chance of a merger?
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star dust
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Post by star dust on Oct 24, 2015 9:19:56 GMT
...... Seems that if the best of SS and AC combined there'd be a decent business there with happy lenders. Any chance of a merger? Heaven forbid! I'm more than happy with SS the way it is. A merger might provide the worst of both worlds, and I'm not convinced of an advantage. I'll gladly put up with SS's foibles and wouldn't want to see them top heavy with staff or an over complicated system; I really don't need 40 decimal points, a glacial deal flow, and lower rates thank you! Mind you, who knows what the scenery will look like in a years time - here's hoping for improvements all round. Two well performing platforms would be better than one.  .
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upland
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Post by upland on Oct 24, 2015 9:28:16 GMT
Indeed its been a sad few months for new loans. But I recall that Anthony Bolton rated management integrity and openness more highly as his career progressed and I think that this true here. I like their style and hope that the obvious pressure does not cause them to do anything daft. A profitable and well managed platform is a platform here tomorrow.
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Post by chielamangus on Oct 24, 2015 10:10:09 GMT
...... Seems that if the best of SS and AC combined there'd be a decent business there with happy lenders. Any chance of a merger? Heaven forbid! I'm more than happy with SS the way it is. A merger might provide the worst of both worlds, and I'm not convinced of an advantage. I'll gladly put up with SS's foibles and wouldn't want to see them top heavy with staff or an over complicated system; I really don't need 40 decimal points, a glacial deal flow, and lower rates thank you! Mind you, who knows what the scenery will look like in a years time - here's hoping for improvements all round. Two well performing platforms would be better than one. . Reminds me of what GBS is reputed to have said when a stunning actress suggested they could have a perfect child together - his brains, her body.....
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agent69
Member of DD Central
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Post by agent69 on Oct 24, 2015 10:19:07 GMT
Now I'm back in four figures again unable to get near the QAA, I know the feeling. I took some money out of AC a few weeks ago to add to my SS account. Following a couple of early repayments and ditching a couple of loans with adverse events, I've too much loose cash, with no likelihood of it earning a return any time soon. I'm nearly maxed out on my Santander 123 account and in need of a home for accruing funds. Have had money spare in TC for 6 weeks but nothing has tickled my fancy. Even the  cheese on the SM isn't appealing. Woe is me
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SteveT
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Post by SteveT on Oct 24, 2015 10:37:34 GMT
I've moved additional money into AC on 3 occasions in the last couple of months, each time against the promise of a series of upcoming loans. Each time I've had to reverse it out again a couple of weeks later. With SM sales steadily releasing funds from FC, if it hadn't been for SS, FS and MT (happily now looking good for steady growth) I'd have had great trouble remaining fully invested.
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mikes1531
Member of DD Central
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Post by mikes1531 on Oct 24, 2015 14:45:28 GMT
A profitable and well managed platform is a platform here tomorrow. Very true. However... The news from AC over the past few months has been of all the money they have lined up waiting to lend, while the flow of loans to be funded has just about dried up. A key word in the above quote is "profitable", and if AC can't find enough borrowers to take up loans, then they clearly won't be. As an investor in their recent Seedrs offering, I sure hope AC do manage to sort out this problem very soon.
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