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Feb 20, 2016 12:48:47 GMT
Post by solicitorious on Feb 20, 2016 12:48:47 GMT
Is it my imagination or are rates softening? Fewer and fewer 13% offerings?
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mikes1531
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Feb 20, 2016 18:08:25 GMT
Post by mikes1531 on Feb 20, 2016 18:08:25 GMT
Is it my imagination or are rates softening? Fewer and fewer 13% offerings? I don't think it's your imagination, as I have similar feelings. Looking at the 173 active loans, I see... 4@14% 61@13% 93@12% 7@11% 8@below 11% Of the 13% loans, 18 are renewals, so some of those wouldn't be at 13% if they were new loans today.
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webwiz
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Feb 20, 2016 18:41:23 GMT
Post by webwiz on Feb 20, 2016 18:41:23 GMT
If this is due to FS concentrating on better quality loans with more solid asset backing then I don't mind rates easing. Anything over 10% is OK by me if security is good.
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xp67
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Feb 20, 2016 19:15:22 GMT
Post by xp67 on Feb 20, 2016 19:15:22 GMT
May be due to the higher demand from an increasing pool of lenders. If 12% loans with no bonuses can be filled in minutes, then they can offer these lower rates to appear more attractive to potential borrowers.
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SteveT
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Feb 20, 2016 19:18:58 GMT
via mobile
Post by SteveT on Feb 20, 2016 19:18:58 GMT
Hope they're also concentrating equally hard on getting the steadily increasing list of overdue loans repaid! Especially the borrower who needs a good carpeting and the one that's taking the sipp.
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mikes1531
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Post by mikes1531 on Feb 20, 2016 19:52:58 GMT
Hope they're also concentrating equally hard on getting the steadily increasing list of overdue loans repaid! Especially the lender who needs a good carpeting and the one that's taking the sipp. I don't think carpeting any lender is going to get any overdue loan repaid! 
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rogerbu
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Feb 20, 2016 20:12:34 GMT
Post by rogerbu on Feb 20, 2016 20:12:34 GMT
Hope they're also concentrating equally hard on getting the steadily increasing list of overdue loans repaid! Especially the lender who needs a good carpeting and the one that's taking the sipp. I don't think carpeting any lender is going to get any overdue loan repaid! But a carpet brush might help 
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tomtom
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Feb 20, 2016 20:19:12 GMT
Post by tomtom on Feb 20, 2016 20:19:12 GMT
Hope they're also concentrating equally hard on getting the steadily increasing list of overdue loans repaid! Especially the borrower who needs a good carpeting and the one that's taking the sipp. How can you see which loans are overdue payments please?
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SteveT
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Feb 20, 2016 20:37:27 GMT
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Post by SteveT on Feb 20, 2016 20:37:27 GMT
Hope they're also concentrating equally hard on getting the steadily increasing list of overdue loans repaid! Especially the borrower who needs a good carpeting and the one that's taking the sipp. How can you see which loans are overdue payments please? Anything that's been running longer than 183 days (6 months), by which time there are usually updates on the loan page from FS as to what the hold-up is.
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mikes1531
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Feb 20, 2016 23:51:54 GMT
Post by mikes1531 on Feb 20, 2016 23:51:54 GMT
How can you see which loans are overdue payments please? Search the list of Active and Past Loans for 'Unredeemed'. If you're looking for historical data, search that list for 'Default'.
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SteveT
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Feb 21, 2016 0:33:04 GMT
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Post by SteveT on Feb 21, 2016 0:33:04 GMT
How can you see which loans are overdue payments please? Search the list of Active and Past Loans for 'Unredeemed'. If you're looking for historical data, search that list for 'Default'. They are only categorised as "Unredeemed" once FS start taking recovery action (eg. preparing for auction). I have several others still listed as "Loan Active" that are up to 100 days overdue (eg. the Range Rover)
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