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Post by emoney on Mar 19, 2014 14:38:28 GMT
I have not used your service and am not in a position to offer considered advice regarding either your integrity or long term survival chances. My reference to Y** S***** relates to a P2P lender which appears to have been suffering a lingering death for several years with lenders, I believe, suffering losses of 40%. For now I will stick with with the major players, but I genuinely wish you good luck in establishing a long term sustainable operation, even if I am not tempted. H davee39, many thanks for your good wishes, has the great news on the ISA inclusion maybe tempted you a little more?
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spyrogyra
Member of DD Central
Posts: 386 
Likes: 148
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Post by spyrogyra on Apr 13, 2014 21:58:27 GMT
Before you've raised capital through crowdfundin , you have said that you need to raise some capital to be able to attract more borrowers. The question is - how many months after the money are raised do lenders need to wait to see some borrowers on the platform. My small pot is sitting idle in the holding account for more than a month already (auto bid turned on) I an not inclined to wait another month.
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Post by emoney on Apr 14, 2014 8:55:13 GMT
Good morning spyogyra, we have only received the capital within the last couple of weeks and the new share certificates have only just been issued. Whilst we wished for the process to be completed sooner it was unfortunately out of our hands. As a lender you can see we have been receiving a marked increase in loan applications over the last couple of weeks and this in turn is resulting in increased new loan opportunities. There is an active daily market for eMircoLoans for immediate capital deployment, but I am sure you would agree with me underwriting standards are integral to the platforms success and we will not be rushing to compromise these.
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Post by emoney on May 22, 2014 13:44:37 GMT
Hi all, I have been asked to add the following;
It's really interesting, our lower yielding loans i.e. 8% take 2-3 days to fund however our higher yields 10 -15 % are always over subscribed at approval. It appears the crowd in general are seeking out double digit returns and the appetite of the recently announced Peer to Peer Listed fund are looking to acquire loans delivering a spread of 5 -15% yield, that's where we are at eMoneyUnion. We've some exciting developments over the coming weeks so watch the eMoneyUnion space!
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Post by webbski9 on Jun 3, 2014 15:44:51 GMT
Can you advise me why your site is not allowing me to lend ?
Also I cannot see any secondary market or indeed new loan applications
Do you have a problem right now ?
Many Thanks
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Post by emoney on Jun 3, 2014 17:09:16 GMT
Hi Webski, you need to be registered with the platform to lend to see the eMicroLoans and to be able to set your lender eBidPal settings. Please feel free to call me on 01625 750027 if anything else is required. Lee
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Post by webbski9 on Jun 6, 2014 7:51:47 GMT
Hi Lee,all fine and dandy but what has happened to " live" and resale loans ? both seem to have dried up.
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Post by emoney on Jun 6, 2014 13:34:31 GMT
Hi webbski, new loan completions yesterday and today, and I have just checked and there's eMircoLoans for sale at 8% 10% and 12% as at 14:34 happy lending  |
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Post by webbski9 on Jun 6, 2014 16:03:55 GMT
Sadly when I click on Micro loans none appear .Is it something to do with filters...I appear unable to remove the content of filters.
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Post by emoney on Jul 21, 2014 18:51:25 GMT
Hi, just noticed this hasn't been replied to. You can set the filters to only view eMicroLoans for specific digit yields, risk grades etc, however lender appetite for double digit rates mean that they are not around for long. |
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shimself
Member of DD Central
Posts: 2,560
Likes: 1,169
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Post by shimself on Oct 5, 2014 14:18:21 GMT
Just a note about risk grades
Every time I am on the site I have to hunt around for a translation of Risk Grades
Could you please explain them on the actual microloan page, or a hover flyout or a link or something, please
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Post by emoney on Oct 21, 2014 11:33:20 GMT
I agree this would be beneficial, it's on the development list.
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