mikes1531
Member of DD Central
Posts: 6,453
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Post by mikes1531 on Nov 12, 2015 5:06:29 GMT
Today's little (!) bit of good fortune: Purchase loan part 13618444 (old id 13442628) for 0.0000000000000001037918000000000000030988 GBP with a 2% Discount (0.0000000000000001017159640000000000030368 GBP paid) - annualised rate 14.900, loan: K*** P*** Group (40) What I want to know is why the seller offered these parts at a 2% discount when they would have sold instantly without any discount at all?
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niceguy37
Member of DD Central
Posts: 504 
Likes: 254
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Post by niceguy37 on Nov 12, 2015 14:40:52 GMT
Today's little (!) bit of good fortune: Purchase loan part 13618444 (old id 13442628) for 0.0000000000000001037918000000000000030988 GBP with a 2% Discount (0.0000000000000001017159640000000000030368 GBP paid) - annualised rate 14.900, loan: K*** P*** Group (40) What I want to know is why the seller offered these parts at a 2% discount when they would have sold instantly without any discount at all? I'm always amazed that people on some sites (e.g. TC and Rebs) seem to bid well below the rate needed to secure their participation in a loan. Especially on TC where automatic bidding is available to rebid for you down to a specified floor level, and on TC the minimum loan is £1K.
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