SteveT
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Post by SteveT on Oct 11, 2015 7:26:27 GMT
16308 received a helpful shove yesterday towards 90% filled when £9440 (!) was bid by one manual bidder in 5 huge chunks, but it still needs another £47k in 55 hours (£850 per hour).
16304 looks the dodgiest currently, only 83% filled and needing £57k in 54 hours (£1050 per hour):
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Post by GSV3MIaC on Oct 11, 2015 7:36:51 GMT
A lot of last night's repayments was spent on the SM, looking at my sales.
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adrianc
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Post by adrianc on Oct 11, 2015 8:16:53 GMT
A lot of last night's repayments was spent on the SM, looking at my sales. <nods happily>
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Post by aloanatlast on Oct 11, 2015 11:34:30 GMT
Well I don't figure all the Autobidders with enough money for a bid have already bid on all the current open loans. So maybe we really have hit 65% limits and Autobid is snookered.
They'll probably tell us all the manual bidders have switched to Autobid.
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blender
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Post by blender on Oct 11, 2015 12:28:35 GMT
Or maybe Autobid is being rested so that the board does not become empty.
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am
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Post by am on Oct 11, 2015 15:50:02 GMT
16308 received a helpful shove yesterday towards 90% filled when £9440 (!) was bid by one manual bidder in 5 huge chunks, but it still needs another £47k in 55 hours (£850 per hour). 16304 looks the dodgiest currently, only 83% filled and needing £57k in 54 hours (£1050 per hour): With regards to 16304 my guess is that they want the money to open a second site (on the grounds that if they want the money to refit their current site the business doesn't look viable). But I'm not going to lend on the basis of my attempt to provide a plausible hypothesis for the purpose of the loan; if the borrower/FC want me to lend they have to tell me enough that I can convince myself that I'm making an informed decision.
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registerme
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Post by registerme on Oct 12, 2015 8:09:16 GMT
| Term (months) | A+ | A | B | C | D | E | | 6-12 | 6% | 9% | 10% | 11.3% | 13.5% | 17.4% | | 48-60 | 8.3% | 9.5% | 10.6% | 11.9% | 14.1% | 18.1% | | Delta | 2.3% | .5% | .6% | .6% | .6% | .7% |
Is the massive difference for A+ simply that nobody would invest at 6.6% over five years? stop being stupid RM, it's over 6-12m you numpty  . Anyway, the question stands, why the 2.3% delta for A+, but ~0.6% for all other bands.
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adrianc
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Post by adrianc on Oct 12, 2015 8:39:48 GMT
Is the massive difference for A+ simply that nobody would invest at 6.6% over five years? I'm quite happy to... ...on RS...
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blender
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Post by blender on Oct 12, 2015 8:52:40 GMT
This is lending rather than investing. It is not the 8.3% that is high, it is the 6% which is low. Perhaps reflecting companies which are predictable very safe over a short period within which base rates will be 0.5%. Market driven rather than risk driven?
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bigfoot12
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Post by bigfoot12 on Oct 12, 2015 9:02:47 GMT
It is not the 8.3% that is high, it is the 6% which is low. .... Market driven rather than risk driven? Exactly, if I could choose my term on autobid the A+ 12 month term would be switched off. FC did say that it is (borrower's) market driven.
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Post by GSV3MIaC on Oct 12, 2015 9:02:49 GMT
It's the headline rate (6%) which FC want to wave in front of potential borrowers (before maybe telling them oops, no, for 6 years not-very-credit-worthy it turns out to be a bit higher). That'd be OK by me, as a lender, if only so many loans didn't wind up as alleged A+s (which even at 8% don't look very tempting).
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arbster
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Post by arbster on Oct 12, 2015 9:12:46 GMT
FC were very keen to point out that no 12 month, A+ loan has defaulted, and depending on the size of the loan one wonders what they might do to ensure that remains the case...
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SteveT
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Post by SteveT on Oct 12, 2015 9:30:32 GMT
FC were very keen to point out that no 12 month, A+ loan has defaulted, and depending on the size of the loan one wonders what they might do to ensure that remains the case... I put as much store by that as I do in the fact that no E has yet defaulted. I've no clue why anyone would lend money unsecured at 6% without at least the safety net of a substantial provision fund.
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acky
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Post by acky on Oct 12, 2015 12:32:33 GMT
Has there ever been so little to "bid" on on the PM? Just 6 loans - 3 A and 3 A+!
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blender
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Post by blender on Oct 12, 2015 12:39:07 GMT
Yes, June 2013, but not since.
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. Anyway, the question stands, why the 2.3% delta for A+, but ~0.6% for all other bands.
