macq
Member of DD Central
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Post by macq on Jul 6, 2018 15:25:31 GMT
How is Crowd2Fund performing now? Well, if you believe the ad I've just seen on this forum, they seem to be doing incredible for a platform that doesnt even have its own dedicated section?!?! 49% of all IFISAs last year? Can that be possibly right? i believe they have claimed on their own site at the start of the year that they had the most IFISA but it could be that they and Crowdstacker(another who gets no mention on here) were the first to launch the ISA
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archie
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Post by archie on Jul 6, 2018 15:28:57 GMT
Well, if you believe the ad I've just seen on this forum, they seem to be doing incredible for a platform that doesn't even have its own dedicated section?!?! 49% of all IFISAs last year? Can that be possibly right? Article here. Appears to be 2016/2017 tax year.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jul 6, 2018 17:44:48 GMT
Yeah, 2000 for the year, so 980 for Crowd2fund. AC opened 1000 in March in a considerably more crowded market.
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zlb
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Post by zlb on Aug 7, 2018 10:01:48 GMT
Anyone got comments about non movement on exchange/SM? I've waited weeks for good loans listed at par, no sale. Quiet time of year?
Any opinions on the exchange listing parts which are well below par% but only paid 1-4 weeks of new loan?
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tomos
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Post by tomos on Aug 21, 2018 15:47:11 GMT
Anyone got comments about non movement on exchange/SM? I've waited weeks for good loans listed at par, no sale. Quiet time of year? Any opinions on the exchange listing parts which are well below par% but only paid 1-4 weeks of new loan? Been using the exchange on C2F for about a month - it can be annoying when some people sell at much lower % than original APR and only a couple of months into the loan... would welcome comments from others using the exchange !
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macq
Member of DD Central
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Post by macq on Aug 21, 2018 16:26:44 GMT
Anyone got comments about non movement on exchange/SM? I've waited weeks for good loans listed at par, no sale. Quiet time of year? Any opinions on the exchange listing parts which are well below par% but only paid 1-4 weeks of new loan? Been using the exchange on C2F for about a month - it can be annoying when some people sell at much lower % than original APR and only a couple of months into the loan... would welcome comments from others using the exchange ! Think you can only sell after one payment has been received.After that you have people trying to flip and make a profit while not staying in the loan for long with the risk of default and i guess reinvesting in new loans so if no one buys that might stop. The SM exchange for the first couple of years used to have less then 50 to 100 loans now they have 1200 - 1400 loans which i guess means people are not buying the offerings @ 6 or 7% on a 10 - 12% loan(they go quick at par or just under) or maybe the platform has grown so the SM has grown with it or even the reverse they are not doing as well so the SM has stagnated-it can even take a while for the bigger new loans to fill at times
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tomos
New Member
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Post by tomos on Aug 21, 2018 18:19:18 GMT
Been using the exchange on C2F for about a month - it can be annoying when some people sell at much lower % than original APR and only a couple of months into the loan... would welcome comments from others using the exchange ! Think you can only sell after one payment has been received.After that you have people trying to flip and make a profit while not staying in the loan for long with the risk of default and i guess reinvesting in new loans so if no one buys that might stop. The SM exchange for the first couple of years used to have less then 50 to 100 loans now they have 1200 - 1400 loans which i guess means people are not buying the offerings @ 6 or 7% on a 10 - 12% loan(they go quick at par or just under) or maybe the platform has grown so the SM has grown with it or even the reverse they are not doing as well so the SM has stagnated-it can even take a while for the bigger new loans to fill at times Good post... Have you (or anyone else) experienced delays in receving repayments from loans bought on the exchange ? As in receiving them later than the approx calandar re-payment date ?
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macq
Member of DD Central
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Post by macq on Aug 21, 2018 19:21:12 GMT
Think you can only sell after one payment has been received.After that you have people trying to flip and make a profit while not staying in the loan for long with the risk of default and i guess reinvesting in new loans so if no one buys that might stop. The SM exchange for the first couple of years used to have less then 50 to 100 loans now they have 1200 - 1400 loans which i guess means people are not buying the offerings @ 6 or 7% on a 10 - 12% loan(they go quick at par or just under) or maybe the platform has grown so the SM has grown with it or even the reverse they are not doing as well so the SM has stagnated-it can even take a while for the bigger new loans to fill at times Good post... Have you (or anyone else) experienced delays in receving repayments from loans bought on the exchange ? As in receiving them later than the approx calandar re-payment date ? the exchange loan info box has when logged in has the next repayment date so would avoid any already late and do some DD as someone may have worked out a reason to sell a loan running for a year or Two.After that its down to luck as any loan may miss their approx repayment date
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zlb
Member of DD Central
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Post by zlb on Aug 21, 2018 20:28:11 GMT
I've had two loans to two reasonably good companies, listed at par for approx 1 month. They've never been in arrears, and one is a second raise for a successful-appearing company.
I've previously sold loans quickly (days), at just under par.
I'm wondering whether the sub-par loans are being purchased automatically by those with some kind of automated function switched on.
The small loan parts on the exchange, e.g. £16 are from one of the automated investment methods. These are listed at 6% mostly. Not the best for future reputation of platform if too many go into arrears at 6%.
I think the exchange/sm is becoming inaccessible apart from changing the page number in the URL to get to the place in the list, you might be looking for, rather than keep clicking next.
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zlb
Member of DD Central
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Post by zlb on Aug 21, 2018 20:31:32 GMT
Anyone got comments about non movement on exchange/SM? I've waited weeks for good loans listed at par, no sale. Quiet time of year? Any opinions on the exchange listing parts which are well below par% but only paid 1-4 weeks of new loan? Been using the exchange on C2F for about a month - it can be annoying when some people sell at much lower % than original APR and only a couple of months into the loan... would welcome comments from others using the exchange ! I wouldn't buy a loan below par. Business has gone into arrears after many repayments. Think there's odd mentality that once a few repayments have been made, then the risk is much lower, when it isn't.
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elliotn
Member of DD Central
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Post by elliotn on Aug 22, 2018 5:11:50 GMT
I've had two loans to two reasonably good companies, listed at par for approx 1 month. They've never been in arrears, and one is a second raise for a successful-appearing company. I've previously sold loans quickly (days), at just under par. I'm wondering whether the sub-par loans are being purchased automatically by those with some kind of automated function switched on. The small loan parts on the exchange, e.g. £16 are from one of the automated investment methods. These are listed at 6% mostly. Not the best for future reputation of platform if too many go into arrears at 6%. I think the exchange/sm is becoming inaccessible apart from changing the page number in the URL to get to the place in the list, you might be looking for, rather than keep clicking next. I wondered how the micro amounts were appearing and how to navigate the SM more quickly (have requested search/page number jumping), thank you! 
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macq
Member of DD Central
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Post by macq on Aug 22, 2018 7:16:30 GMT
I've had two loans to two reasonably good companies, listed at par for approx 1 month. They've never been in arrears, and one is a second raise for a successful-appearing company. I've previously sold loans quickly (days), at just under par. I'm wondering whether the sub-par loans are being purchased automatically by those with some kind of automated function switched on. The small loan parts on the exchange, e.g. £16 are from one of the automated investment methods. These are listed at 6% mostly. Not the best for future reputation of platform if too many go into arrears at 6%. I think the exchange/sm is becoming inaccessible apart from changing the page number in the URL to get to the place in the list, you might be looking for, rather than keep clicking next. I wondered how the micro amounts were appearing and how to navigate the SM more quickly (have requested search/page number jumping), thank you! I am pretty sure you have spotted it - but you can turn the SM from picture boxes to line view which shows loan details in a clearer way and you can also change the order of display to highest paying(no need to look at 6% that way),length of listing, A-Z or Z-A etc.All i have to do now is make my mind up about the platform!
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zlb
Member of DD Central
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Post by zlb on Aug 22, 2018 8:10:15 GMT
I've had two loans to two reasonably good companies, listed at par for approx 1 month. They've never been in arrears, and one is a second raise for a successful-appearing company. I've previously sold loans quickly (days), at just under par. I'm wondering whether the sub-par loans are being purchased automatically by those with some kind of automated function switched on. The small loan parts on the exchange, e.g. £16 are from one of the automated investment methods. These are listed at 6% mostly. Not the best for future reputation of platform if too many go into arrears at 6%. I think the exchange/sm is becoming inaccessible apart from changing the page number in the URL to get to the place in the list, you might be looking for, rather than keep clicking next. I wondered how the micro amounts were appearing and how to navigate the SM more quickly (have requested search/page number jumping), thank you! thanks. I asked them about the first, and worked out the second. I'd like to be able to sell micro amounts at sub par as a manual lender! I think people are more willing to take a risk with £11, depending upon platform outcomes.
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macq
Member of DD Central
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Post by macq on Aug 22, 2018 10:50:12 GMT
You need to be logged in but i tend to find searching by offered amount with lowest first so starts at about £5 or £6 normally or by offered % rate works best but you do have page numbers at bottom of screen to jump if you want.
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zlb
Member of DD Central
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Post by zlb on Sept 10, 2018 18:17:32 GMT
I've had enough of the exchange. 6% instead of 10.5% after only 3 repayments have been made? But for this 6% dominance to remain there must be a lot of purchasers? Do people do that? Buy up loans with 6 repayments out of 36 or 48, originally listed at 11.5%?
Far too many pages, even with my tip for editing the URL.
There needs to be a filter to:
at least filter to % matches original %,
or filter out all of those 6% so called 'offers' unless the loan is much closer to completion;
or after listing by offered desc APR include filter for <£100 for example.
It's as if preventing bots is causing it to be unusable by a human.
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