mikes1531
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Post by mikes1531 on Apr 29, 2016 2:39:08 GMT
23.09pm allocated £214.74. Seems a bit stingy for a £371k loan, managed accounts had a good bite? Or has the 3% cash back inflated lender numbers and there's many more mouths to feed. 3% cashback? What's that about? Who gets it?
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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 Apr 29, 2016 7:11:52 GMT
23.09pm allocated £214.74. Seems a bit stingy for a £371k loan, managed accounts had a good bite? Or has the 3% cash back inflated lender numbers and there's many more mouths to feed. 3% cashback? What's that about? Who gets it? Not us  p2pindependentforum.com/post/109194/thread
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Post by lynnanthony on Apr 29, 2016 7:32:07 GMT
3% cashback? What's that about? Who gets it? Newbies I believe
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Post by lynnanthony on Apr 29, 2016 7:34:53 GMT
23.09pm allocated £214.74. Seems a bit stingy for a £371k loan, managed accounts had a good bite? Or has the 3% cash back inflated lender numbers and there's many more mouths to feed. I'm finding recently that I don't get my desired amount initially, but over the following few weeks more and more is released until I hit the £2k that I usually aim at. But yes, £214.74 is unusually low.
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Post by chris on Apr 29, 2016 7:43:16 GMT
3% cashback? What's that about? Who gets it? Newbies I believe It's a promotion on a specific site to attract new lenders, and will be one of many promotions. We are working on further promotions, like the 0.5% currently enjoyed by all QAA lenders, that will be available to existing lenders.
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kermie
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Post by kermie on May 3, 2016 20:43:15 GMT
#272 and #273 now drawndown.
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jonah
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Post by jonah on May 3, 2016 21:07:35 GMT
#272 and #273 now drawndown. And 270.
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bg
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Post by bg on May 3, 2016 21:08:49 GMT
#272 and #273 now drawndown. And 270. Abysmal allocations unfortunately
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Post by crabbyoldgit on May 3, 2016 21:09:37 GMT
270 drawn down £56.80 the first time i have not got the full a mount i bid for  , a nice classic small enginerring co but that popular why. |
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mikes1531
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Post by mikes1531 on May 3, 2016 21:16:21 GMT
270 drawn down £56.80 the first time i have not got the full a mount i bid for , a nice classic small enginerring co but that popular why. It's a tiny loan, so small allocations should be expected. Besides, AC could have reserved most of it for the GBBA. [EDIT: and the QAA and the 30DAA.] chris : Have AC abandoned the policy/practice of letting us know how much of new loans will go to MLIA lenders?
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jonah
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Post by jonah on May 3, 2016 21:16:47 GMT
270 drawn down £56.80 the first time i have not got the full a mount i bid for , a nice classic small enginerring co but that popular why. Interesting that it topped out at 56.80. My GBBA also bought exactly that amount. I'm guessing that a lot of GBBA accounts will have do so and taken a reasonable chunk of it. That said, I assume QAA and 30day will both have taken chunks. Those ones will likely dribble out in the next few weeks if previous patterns are repeated.
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ton27
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Post by ton27 on May 4, 2016 8:34:53 GMT
My allocations on all three drawdown loans was low - MLIA now becoming worthless as AC drive us to GBBA etc.
Lower rates and now low allocations which means I will need to search elsewhere to invest additional funds.
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jjc
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Post by jjc on May 4, 2016 11:28:57 GMT
Well, I've been away for a few months, came back all buzzing & now left slightly gob-smacked tbh about the allocations on the 3 loans that drew yest. £145.80 on 272, £139.52 on 273 & £56.80 on 270. chris surely that's a mistake? |
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oldgrumpy
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Post by oldgrumpy on May 4, 2016 11:42:47 GMT
It's no mistake. AC have instigated an account (GBBA) which they cannot feed enough loans into to without minimising the allocation to existing MLIA accounts. Refusing to indicate beforehand just how much (approximately) is to be placed in MLIA so that we can prefund our accounts appropriately is not considered worthwhile.
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Post by Butch Cassidy on May 4, 2016 11:44:20 GMT
Well, I've been away for a few months, came back all buzzing & now left slightly gob-smacked tbh about the allocations on the 3 loans that drew yest. £145.80 on 272, £139.52 on 273 & £56.80 on 270. chris surely that's a mistake? I'm afraid the only mistake appears to be that MLIA investors believed the AC suggestions that they were an important part of the mix going forward & that there would be loans at rates to suit all accounts. I warned 12 months ago that this account would become sidelined & impotent & was roundly condemned for predicting it but I struggle to see a rationale for taking the increased risks of direct investment, at current rates, for the (at best) marginally better returns.
Interestingly it appears that you could have doubled your allocation had you invested in both GBBA & MLIA. Lower rates plus the opaque way in which PM allocations & SM priorities are now set has confirmed IMO that I am correct to continue withdrawing funds.
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, a nice classic small enginerring co but that popular why.
