nush
Member of DD Central
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Post by nush on Oct 31, 2016 10:46:03 GMT
just a little bit available if anyone is interested.
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n
Member of DD Central
Yet another Nick
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Post by n on Oct 31, 2016 11:13:51 GMT
just a little bit available if anyone is interested. Thank you very much Not sure I would call it a secondary market as I don't think there is any way to put a loan up for sale - please correct me if I am wrong.
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ben
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Post by ben on Oct 31, 2016 11:55:52 GMT
No secondary market, longest I have been in a loan for is 8 months. At the moment all the defualts I have had have repaid with in a few weeks of being sold., although I have a nice designer bag that will not be sold to decemeber and that went bad in august so guess that will beat my longest one.
Also a bit more on now.
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nush
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Post by nush on Oct 31, 2016 16:36:53 GMT
just a little bit available if anyone is interested. Thank you very much Not sure I would call it a secondary market as I don't think there is any way to put a loan up for sale - please correct me if I am wrong. i think you are correct, i just assumed the loan i bought this morning must have been through the secondary market as i hadn't got any of it via the auto lend function. i am in the process of building up funds on this platform so hadn't looked at selling. i assumed i just hit the withdraw button and some of my loans would be sold if a buyer could be found. is that not how it works
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
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Post by Neil_P2PBlog on Oct 31, 2016 17:21:33 GMT
Thank you very much Not sure I would call it a secondary market as I don't think there is any way to put a loan up for sale - please correct me if I am wrong. i think you are correct, i just assumed the loan i bought this morning must have been through the secondary market as i hadn't got any of it via the auto lend function. i am in the process of building up funds on this platform so hadn't looked at selling. i assumed i just hit the withdraw button and some of my loans would be sold if a buyer could be found. is that not how it works No official secondary market on this one nush ( my source), but most just 6 month terms. I made a similar assumption when I first joined and overbought some of that italian book collection..
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nush
Member of DD Central
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Likes: 113
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Post by nush on Oct 31, 2016 17:57:43 GMT
thanks again, im thinking i need a q and a section on here for investors
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Post by dan1 on Apr 4, 2017 9:13:26 GMT
The text on the Buy Loans page has just changed to Loans Available on Resale - in readiness for a SM?
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ben
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Post by ben on Apr 4, 2017 10:09:28 GMT
The text on the Buy Loans page has just changed to Loans Available on Resale - in readiness for a SM? I hope not, as it already is pretty hard to invest decent chunks into Unbolted, all it will do is attract the flippers. The model does not really need a secondary market.
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n
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Post by n on Apr 4, 2017 10:23:03 GMT
The text on the Buy Loans page has just changed to Loans Available on Resale - in readiness for a SM? I hope not, as it already is pretty hard to invest decent chunks into Unbolted, all it will do is attract the flippers. The model does not really need a secondary market. I also hope not, but I am just wondering if an SM is a requirement for full FCA approval. Anyone know?
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ben
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Post by ben on Apr 4, 2017 10:26:43 GMT
I hope not, as it already is pretty hard to invest decent chunks into Unbolted, all it will do is attract the flippers. The model does not really need a secondary market. I also hope not, but I am just wondering if an SM is a requirement for full FCA approval. Anyone know? I can't see why it would be. If they do have to offer a secondary market then hopefully they can set it so people can sell at discount, so only people that really want to sell will sell rather then on other sites were it is part of peoples investment strategy.
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elliotn
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Post by elliotn on Apr 4, 2017 11:04:22 GMT
I hope not, as it already is pretty hard to invest decent chunks into Unbolted, all it will do is attract the flippers. The model does not really need a secondary market. I also hope not, but I am just wondering if an SM is a requirement for full FCA approval. Anyone know? Not heard of that. Would have interesting impact on RS/Z.
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n
Member of DD Central
Yet another Nick
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Post by n on Apr 4, 2017 11:14:25 GMT
I also hope not, but I am just wondering if an SM is a requirement for full FCA approval. Anyone know? Not heard of that. Would have interesting impact on RS/Z. That's true. Perhaps what I was thinking was an early exit method which I think RS/Z do have (if you are prepared to pay for it).
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elliotn
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Post by elliotn on Apr 4, 2017 11:18:07 GMT
Not heard of that. Would have interesting impact on RS/Z. That's true. Perhaps what I was thinking was an early exit method which I think RS/Z do have (if you are prepared to pay for it). I think if you request a sale they may release to available loans, HNWL operate a similar model & have just been authorised.
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