kaya
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Post by kaya on Dec 19, 2016 9:47:58 GMT
It seems like a new type of arrangement (on offer to us). I don't understand it. There is no information.
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upland
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Post by upland on Dec 19, 2016 10:06:25 GMT
It seems like a new type of arrangement (on offer to us). I don't understand it. There is no information. In what way ?
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kaya
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Post by kaya on Dec 19, 2016 10:11:03 GMT
If there has been a loan like this before please direct me to it. I may have missed it.
[edit] I see now there have been others. Are these loans for a car dealership to buy up cars from somewhere (maybe accident damaged or insurance related, say, or something else) to then sell on at a profit?
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elliotn
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Post by elliotn on Dec 19, 2016 10:34:21 GMT
If there has been a loan like this before please direct me to it. I may have missed it. Hi, if that is the grouped car loan they give loan ID for borrower's 3 prior loans at bottom of the loan description which follow same format.
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kaya
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Post by kaya on Dec 20, 2016 10:32:56 GMT
Well stupid me. For some reason I got to thinking this was something new. Does anyone know the type of business model behind these types of loans?
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elliotn
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Post by elliotn on Dec 21, 2016 11:55:41 GMT
Well stupid me. For some reason I got to thinking this was something new. Does anyone know the type of business model behind these types of loans? Hi kaya, these grouped car assets are monthly audited, revolving car stock at 70% retail price sold through NW car dealer (10 years/4000 sold cars) funding expansion, lenders' interest retained at draw down.
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ablender
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Post by ablender on Jan 2, 2017 21:52:18 GMT
How does the pipeline works on Collateral? I see that there are three items and are partly filled. Are these roll-overs? Is the system a bit like MT / FS vs SS?
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ilmoro
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'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 Jan 2, 2017 21:54:22 GMT
How does the pipeline works on Collateral? I see that there are three items and are partly filled. Are these roll-overs? Is the system a bit like MT / FS vs SS? Yes, they are loans that are renewing and existing holders have opted to rollover. New loans will also appear in the pipeline. No prefunding though. MT is probably the closest comparison Renewals launch at 9am, new loans at 10am (usually) Latest post in this thread contains an indication of what other renewals will come this week. Collateral have indicated thre will also be new loans this week
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Jan 2, 2017 22:30:37 GMT
How does the pipeline works on Collateral? I see that there are three items and are partly filled. Are these roll-overs? Is the system a bit like MT / FS vs SS? Be aware that, where the available amount is low compared to the bid limit, you are not likely to get into the loan. una and the Lion should be easy though. I don't even bother looking to invest if the amount available is less than 50 times the minimum bid. Similar to silliness on ss that, amongst other things, made me walk away taking my high £xxk with me. Plenty of other opportunities to soak it up where website communicates well and listens to its lenders.
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baldpate
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Post by baldpate on Jan 12, 2017 12:50:49 GMT
Collateral Rep you have just anounced an imminent property loan, to go live @ 3pm this afternoon. At the time of writing it has only just become visible in the Pipeline. This allows less than 2/12 hours to assess the loan, perform one's own due dilligence, and if necessary move money onto the platform. For a Property loan, such short notice is wholly unacceptable. Property loans are quite unlike your other jewellery and vehicle loans - each is unique and needs to be assessed individually. Why rush lenders in this way? I would urge you in furture to allow a reasonable period of notice!
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mike
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Post by mike on Jan 12, 2017 13:02:01 GMT
Collateral Rep you have just anounced an imminent property loan, to go live @ 3pm this afternoon. At the time of writing it has only just become visible in the Pipeline. This allows less than 2/12 hours to assess the loan, perform one's own due dilligence, and if necessary move money onto the platform. For a Property loan, such short notice is wholly unacceptable. Property loans are quite unlike your other jewellery and vehicle loans - each is unique and needs to be assessed individually. Why rush lenders in this way? I would urge you in furture to allow a reasonable period of notice! Agreed. I would have thought 24 hrs notice would be reasonable based on what other platforms do.
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Post by Collateral Rep on Jan 12, 2017 13:16:28 GMT
Hi baldpate, We usually do and your comments have been taken on board. Many thanks, Gordon
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baldpate
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Post by baldpate on Jan 17, 2017 17:20:00 GMT
Hi Collateral Rep, any chance we could have borrower ids on the pipeline loans going live tomorrow (Wed 18th) please? Thanks
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Post by Collateral Rep on Feb 8, 2017 11:09:07 GMT
Hi @new2p2p,
I've not mentioned it yet as we're still working on second loan details.
I'll email and announce both shortly.
Many thanks,
Gordon
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tomtom
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Post by tomtom on Feb 8, 2017 11:09:51 GMT
Question on pre funding. Will it be possible to alter the ammount you pre-fund a loan before the loan start time ?
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