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Post by goldservice on Nov 1, 2015 12:43:05 GMT
Yes. For 18 E loans that were accepted (13) or rejected (5) 30 Sept - 30 Oct, the average period that my money was tied up not earning interest was 4.5 days. The non-earning period for each loan was from the date of launch (= date of bidding) to one month before date of first repayment (for accepted loans) or to the date of rejection.
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nick
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Post by nick on Nov 5, 2015 14:30:04 GMT
Yes. For 18 E loans that were accepted (13) or rejected (5) 30 Sept - 30 Oct, the average period that my money was tied up not earning interest was 4.5 days. The non-earning period for each loan was from the date of launch (= date of bidding) to one month before date of first repayment (for accepted loans) or to the date of rejection. Thanks for sharing the analysis Goldservice. The rejection rate seems to have risen recently, but I admit I haven't taken time to do my own analysis to date.
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Post by GSV3MIaC on Nov 5, 2015 17:34:58 GMT
The retry/late rate in months 2 and 3 is also cause for concern .. clearly these are not safe to hold for the normal 6 months!
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fasty
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Post by fasty on Nov 5, 2015 17:51:17 GMT
The retry/late rate in months 2 and 3 is also cause for concern .. clearly these are not safe to hold for the normal 6 months! I believe months 1, 2 and 3 from my own experience. It appears they are simply not safe to hold, full stop.
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oldgrumpy
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Post by oldgrumpy on Nov 9, 2015 16:59:33 GMT
18 out of 22 available loans are A+ Fidding Attributions never used to have this ratio of A+ loans in the old days. Wonderful. I wonder how they have managed this change of offering.  (Smirk) |
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jimbob
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Post by jimbob on Nov 9, 2015 17:05:45 GMT
18 out of 22 available loans are A+ Fidding Attributions never used to have this ratio of A+ loans in the old days. Wonderful. I wonder how they have managed this change of offering. (Smirk) I never realised the unsecured retail sector was such a platinum AAA investment.
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ablender
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Post by ablender on Nov 9, 2015 19:00:01 GMT
18 out of 22 available loans are A+ Fidding Attributions never used to have this ratio of A+ loans in the old days. Wonderful. I wonder how they have managed this change of offering. (Smirk) That is because they want to promote the E risk band.
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oldgrumpy
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Post by oldgrumpy on Nov 9, 2015 19:27:54 GMT
I look forward to the forthcoming dodgy glue factory loan request with poor risk band and a minimal pitch. Loan heading: E by Gum! 
(I'll not give up the day job!) |
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pa
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Post by pa on Nov 11, 2015 9:22:32 GMT
Hmmm - well, what’s the impact of all this p*ss-taking? Here’s an interesting statistic - on the average, for how many days is money tied up without interest when bidding on E loans? The answer turns out to be less than 5 days. Damn - now everyone will be scrambling to bid on them! ... Interesting to see the SM on Es being blocked up by £80/£100 units, forcing those that want to get out before the first month down to a 0.3% premium and everyone else (£20/£40s) to follow. If you are, bar the shouting getting a penny-a-day interest on a £20 E unit at 18.1/18.2% then it makes sense to buy on the secondary market - 6p premium vs 5p in capital tied up without interest. I think you could see which loan is paying up the next day and then "ambush" the seller - picking of the cheap loan parts after they have paid their first installment but before the loan part is withdrawn until later in the month. I've found that I'm waiting more than 5 days - but then I could just have been unlucky - I'm certainly not round for every E loan listed. ... Only mentioning in case someone finds it helpful. I've decided I need to review my portfolio weighting during the Christmas lull (  ) so can't try this out for the moment.
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wysiati
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Post by wysiati on Nov 11, 2015 16:00:24 GMT
Hmmm - well, what’s the impact of all this p*ss-taking? Here’s an interesting statistic - on the average, for how many days is money tied up without interest when bidding on E loans? The answer turns out to be less than 5 days. Damn - now everyone will be scrambling to bid on them! I've found that I'm waiting more than 5 days - but then I could just have been unlucky - I'm certainly not round for every E loan listed. Is that why you ignore the 20% limit stipulated in the FC Terms & Conditions when you are bidding (e.g. 27% of # 17086)?
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Grezza
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Post by Grezza on Nov 11, 2015 16:15:52 GMT
I look forward to the forthcoming dodgy glue factory loan request with poor risk band and a minimal pitch. Loan heading: E by Gum!
(I'll not give up the day job!) Or the bakery with loan heading: 'We knead dough'
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Post by Deleted on Nov 11, 2015 16:36:26 GMT
I would think that since FC is now operating a fixed rate they could remove the 14 days "well will we or won't we" clause. After all it's not as if they don't know they are getting the deal at present rates etc
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TitoPuente
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Post by TitoPuente on Nov 11, 2015 18:16:59 GMT
I would think that since FC is now operating a fixed rate they could remove the 14 days "well will we or won't we" clause. After all it's not as if they don't know they are getting the deal at present rates etc That was one of the selling points of the fixed rates, but it has not materialised.
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Post by GSV3MIaC on Nov 11, 2015 21:12:09 GMT
Fixed rates were not so much 'sold' as 'imposed, and subsequently spun' .. faster take-up was some of the spin, along with better rates for all (although they didn't mention that you'll be getting the better A+ rates, assuming you are a numpty autobidder, on loans which look like C-, if seen in a dark alley). We await the change to the borrower T&Cs to get signoff ahead of listing, but don't hold your breath.
The website does seem to have stopped collapsing quite as often, although I had several 502 s yesterday while trying to extract some transaction reports (which I see still have "N/A" as the loan number of part-related items, so that didn't get finished/fixed either).
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Post by aloanatlast on Nov 12, 2015 4:44:25 GMT
I doubt if they'll demand pre-acceptance until they can be more certain the loans can be funded.
Black Friday is when the lender money dries up until people find out how much Christmas is going to cost them.
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) so can't try this out for the moment.
