Post by d_saver on Nov 30, 2016 16:54:47 GMT
Hi,
I'm fairly new to p2p, but decided to put some funds into a few places, including AC. It's been a couple weeks, but not much is moving their side. I understand that demand outstrips supply, but I wonder what the point of this is
30th Nov 2016 at 09:34 Purchase loan part 1xxxxx4 (old id 1xxxx9) for 0.0000000000000000000600000000000000000000 GBP - annualised rate 7.000, loan: Bxxex8)
£0.00
30th Nov 2016 at 09:34 Instant withdrawal from Quick Access Account (5) < £0.01
I've a bunch of them, totalling less than 1 pence in total! I'm going to need a hell of a lot of these to use up my deposit!
I realise they have to do something with the fractions somehow, but surely spreading these across accounts is simply useless to clients and just complicates paperwork accounts? I can't see any value in it? Surely they should aggregate these into some reasonable value and put them on client accounts. I'm hoping loans are not so thin on the ground that the small parts that become available to clients get allocated like this?
I'm fairly new to p2p, but decided to put some funds into a few places, including AC. It's been a couple weeks, but not much is moving their side. I understand that demand outstrips supply, but I wonder what the point of this is
30th Nov 2016 at 09:34 Purchase loan part 1xxxxx4 (old id 1xxxx9) for 0.0000000000000000000600000000000000000000 GBP - annualised rate 7.000, loan: Bxxex8)
£0.00
30th Nov 2016 at 09:34 Instant withdrawal from Quick Access Account (5) < £0.01
I've a bunch of them, totalling less than 1 pence in total! I'm going to need a hell of a lot of these to use up my deposit!
I realise they have to do something with the fractions somehow, but surely spreading these across accounts is simply useless to clients and just complicates paperwork accounts? I can't see any value in it? Surely they should aggregate these into some reasonable value and put them on client accounts. I'm hoping loans are not so thin on the ground that the small parts that become available to clients get allocated like this?
however, on the bright side, if you go through the entire loanbook & set targets for the loans you like the look of & want to invest in the shrapnelator will eventually buy them, usually in small parts, with no further effort on your behalf. Thereby allowing you to accumulate holdings in virtually any loan over time, obviously the older & more secure the loan (especially with the better rates) less is usually available.
