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Post by GSV3MIaC on Nov 10, 2015 17:57:31 GMT
2 down, don't panic for the other one. Does anybody know why E's don't get 10% from the government?
All three being WL rejects. 8>. I think the BBB funding has some set of requirements as to company size (turnover), profitability (or lack of) etc .. check the Fairly Conservative blogs and posting on the subject for details
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Post by nightmare on Nov 10, 2015 18:35:05 GMT
This is someone's one and only bid on 17174 the £263k E loan, anyone care to guess who the user is?
401 ******* £20 18.1% 10 Nov 2015 15:27
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am
Posts: 1,495 
Likes: 601
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Post by am on Nov 10, 2015 19:24:56 GMT
This is someone's one and only bid on 17174 the £263k E loan, anyone care to guess who the user is? 401 ******* £20 18.1% 10 Nov 2015 15:27 A reminder to put some more in when it reaches 80% funded?
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fasty
Member of DD Central
Posts: 1,038
Likes: 388
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Post by fasty on Nov 10, 2015 20:02:23 GMT
This is someone's one and only bid on 17174 the £263k E loan, anyone care to guess who the user is? 401 ******* £20 18.1% 10 Nov 2015 15:27 Checking to see if he's been banned from bidding yet?
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Post by GSV3MIaC on Nov 10, 2015 22:56:39 GMT
Putting one in so he can reach the loan comments when it defaults. Alternative is a very long watchlist.
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sl75
Posts: 2,092
Likes: 1,245
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Post by sl75 on Nov 11, 2015 10:01:50 GMT
An imposter using the same username?
[Last I checked, FC didn't prevent duplicate usernames - the system uses an internal database ID number behind the scenes so it doesn't get confused, only end-users get confused when they see someone else placing bids in "their" name]
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min
Member of DD Central
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Likes: 182
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Post by min on Nov 11, 2015 10:48:45 GMT
17227 is a secured D for £200,000
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Nov 11, 2015 11:07:57 GMT
17227 is a secured D for £200,000 How secured would this secured loan be? There is little detail to judge. Common sense would say that a secured D has much lower risk than an unsecured A+, although common sense is not one of Futile Comprehension's virtues.
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Post by bonfemme on Nov 11, 2015 11:30:35 GMT
17227 is a secured D for £200,000 How secured would this secured loan be? There is little detail to judge. Common sense would say that a secured D has much lower risk than an unsecured A+, although common sense is not one of Futile Comprehension's virtues. I was wondering this myself. Their three previous loans, all paid off, were all A-rated. To me, the figures look better than virtually all the recent A+ loans. I simply can't understand the logic behind the risk bands at the moment. I think I'll have some of this one.
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arbster
Member of DD Central
Posts: 810
Likes: 426
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Post by arbster on Nov 11, 2015 11:37:55 GMT
I was wondering this myself. Their three previous loans, all paid off, were all A-rated. To me, the figures look better than virtually all the recent A+ loans. I simply can't understand the logic behind the risk bands at the moment. I think I'll have some of this one. The only reason I haven't gone for this one is that I can't see a company that is used to paying 8% accepting 14.1% unless they're very desperate, in which case I'd rather they didn't have my money.
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Post by bonfemme on Nov 11, 2015 11:42:45 GMT
Ummmm.....having second thoughts. They either don't know the fixed rate they've been allocated or it's another listing error. I'll wait until it's nearly full then make a decision.
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SteveT
Member of DD Central
Posts: 6,875
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Post by SteveT on Nov 11, 2015 11:44:05 GMT
Ummmm.....on second thoughts, neither can I. They either don't know the fixed rate they've been allocated or it's another listing error. I'll wait until it's nearly full then make a decision. I thought the same, but the borrower has responded to a question and confirms they are happy to borrow at that rate. Curiouser and curiouser...
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arbster
Member of DD Central
Posts: 810
Likes: 426
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Post by arbster on Nov 11, 2015 11:52:31 GMT
Ref assets, it appears they have £820K of existing charges/debentures on their £1,390K fixed assets (which doesn't tally with the financials presented), which means in comparison terms this is a 2nd/3rd charge with an LTV of 73%. I'm not sure 13.1% is a reasonable return for that kind of risk, but it might flip before it goes bad.
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Post by flx123 on Nov 11, 2015 14:06:39 GMT
E, 52K
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adrianc
Member of DD Central
Posts: 10,015
Likes: 5,144
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Post by adrianc on Nov 11, 2015 14:07:12 GMT
17184, Rejected WL, £52k.
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