spockie
Member of DD Central
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Post by spockie on Sept 22, 2015 15:26:17 GMT
I got 6.6% last week.
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agent69
Member of DD Central
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Post by agent69 on Sept 23, 2015 17:54:13 GMT
And two days later, that 6.5 is still there - now with twice as much money in front of it in the queue... Even the back of the 6.3 queue has more in front of it than that 6.5 did. which probably guarantees that 6.5 will be taken some time this week! Got 6.5% at 05:00 this morning.
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Post by geoffrey on Sept 26, 2015 7:40:18 GMT
I got 6.6% yesterday. But the point is the discrepancy between attainable rates and what the display misleadingly shows as "the" rate, which is in fact a rate set entirely by borrowers. The new display has introduced a huge amount of volatility in "the" rate, and volatility just leads to speculation and gaming the system. This is not the RateSetter I knew and loved. I'm not going to make some kind of Facebook campaign about this, but the fact is I can get 7% with a provision fund and security at the drop of a hat elsewhere, so I'm not really interested in dancing to RS's little tune.
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ashtondav
Member of DD Central
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Post by ashtondav on Sept 26, 2015 10:29:56 GMT
I would just go if I were you. This constant bleating is becoming tiresome. The change has been made, the complaints have been made. You don't like. Leave. I far prefer the 6.5% I can get with RS to the 7% you mention from the other side, or the 5% i get from ZOPA.
Simples.
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agent69
Member of DD Central
Posts: 5,630
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Post by agent69 on Sept 26, 2015 16:07:23 GMT
but the fact is I can get 7% with a provision fund and security at the drop of a hat elsewhere That would be good where PF was fully funded and the security didn't involve offerings such as aboriginal paintings, furniture or plumbing equipment. Even bricks and mortar security can miraculously loose a significant proportion of their 'value' when the time comes to sell. I like Ratesetter and am happy to spend some time getting the best available rate.
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