jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
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Post by jonah on Oct 30, 2015 21:01:22 GMT
The upcoming loans tab gives a view. The latest version is quite new but I would guess at least half of the current list will be out in November. Also keep an eye on other loans, quite a lot of them will have parts on offer at some point in most days. ps welcome to the forum.  Do you have access to the new website? No. I meant the PF function in its latest iteration. Sorry for any confusion.
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Post by uncletone on Oct 30, 2015 22:42:13 GMT
Do you have access to the new website? No. I meant the PF function in its latest iteration. Sorry for any confusion. Ah. Pre-funding. I was momentarily confused by the reason for the previous confusion.... 
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amie
New Member
Posts: 2 
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Post by amie on Oct 31, 2015 14:17:03 GMT
Hi amieThere is no need to deposit money immediately with SS. Once you do a deposit on the system your account will be credited with that amount and you have 24 hrs to send the cash to SS. There are loan parts for sale on the SM virtually daily, but they get snapped up very quickly, if you make a deposit as described and spend some time on site you might be able to pick up some loan parts, then send the amount paid to SS if you don't succeed or find any loan parts you want you can just offset your BACs deficit with the deposit that is still in your account, there will then be a zero balance and no need to send anything to SS. But remember to do this within 24 hrs or you might receive some chasing emails. There is a very healthy pipeline on SS at the moment, indicating there is likely to be new loan availability over the coming weeks, so I would suggest you pre-fund some of the loans you might want to buy. When they go up onto the system SS will allocate you an amount (possibly not what you wanted if the loan is popular) and send you an email telling you to send the appropriate funds within 24 hrs. So there is no need to have any idle funds on SS! Thanks for your reply, star! Very useful! I'm planning on investing a lump sum, can I have a paper loan contract from SS? And btw, what's this contract thing about? Anyone have a sample loan contract and term sheet, please? So that I have some acquaintance with the legal part of the "deal". Thanks in advance!
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Post by Deleted on Oct 31, 2015 14:32:39 GMT
I joined SS about 6 weeks ago and have invested to my limit on 12 loans. There appear to be two routes
1) Monitor the site 9 to 10 every morning or
2) Wait until a new loan goes live and dive in as the old money moves out of the old loan into the new one.
A bit like musical chairs and you have to be prepared to move fast.
Across the piece of a whole range of Portal you have to be ready to be go for whoever is active at the moment, no good just dumping a pile of gold in the corner and hope it will spread itself.
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Post by wildlife2 on Oct 31, 2015 14:47:43 GMT
I often see loan parts for sale after midnight, ideal for any night owls out there.
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webwiz
Posts: 1,133
Likes: 210
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Post by webwiz on Oct 31, 2015 23:28:39 GMT
I often see loan parts for sale after midnight, ideal for any night owls out there. That's to get an extra days interest and still have almost 24 hours for it to be bought.
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jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
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Post by jonah on Nov 1, 2015 8:39:58 GMT
I often see loan parts for sale after midnight, ideal for any night owls out there. That's to get an extra days interest and still have almost 24 hours for it to be bought. I sell any parts at just before 6am for exactly this reason. Not much to sell this week though.
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