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Post by khampson on Dec 18, 2016 22:36:54 GMT
Hi, I stumbled upon unbolted and was wondering if anyone can give me a review and your experience of using it, how many new loans come to market each week and is it possible to sell them on should you wish to? Thank you Keith |
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
Posts: 355 
Likes: 209
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Post by Neil_P2PBlog on Dec 18, 2016 23:50:36 GMT
I just invest in the higher paying 'provision trust' loans and there are probably about 5-10 a week. It's very slow to get invested but there is an autobid feature which gives you a small piece of many loans. There is no secondary market, that probably catches a few people out. Loans are usually only 6 months though. Personally I really like the site, but one good idea might be to slowly drip feed your money in as it gets loaned out to avoid cash drag.
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upland
Member of DD Central
Posts: 478
Likes: 175
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Post by upland on Dec 19, 2016 9:27:27 GMT
Thats a good picture of the site and its features. Its mainly jewellery , sparkly stuff , some art & cars. The defaults are sold off gradually and there is a separate screen to follow that . Its a bit different to the other pawnbroker sites. They are pretty helpful if you contact them. I sense that they are developing new loan types and business opportunities.
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,442
Likes: 945
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Post by stub8535 on Jan 27, 2017 15:09:37 GMT
Emma. I agree with the other postings here. I have had several discussions with the founders both on the phone and over chat. They are always very helpful.
Their algorithm uses the available cash in determining the investment you receive. I placed small sums to start and set my limit low. I placed 5k with them in a lump sum and upped my max to this figure. I regularly got mid 3 figure investments.
They have 4 types of loan. Some covered by provision, gold covered by forward warrants and inter company loans. These have, afaik, good guarantees on the borrowing companies assets. They also offer loans on auction websites to individuals for a proportion of the hammer price.
It's good for fund and occasionally look at. It also lets you know, by email, if they list something unusual that does not use automatic allocation.
My view is
That this site has great potential. I hope it doesn't end up another FS or Coll and give predominantly property (houses) backed loans. Too much of that out there already.
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ben
Posts: 2,020
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Post by ben on Jan 30, 2017 10:00:10 GMT
Out of all the pawn item sites unbolted is by far my favourite easy to use and hassle, plus no losses at this time. Hopefully they have no plans to go down property like collateral or funding secure. I also quite like the other loans they do got myself a nice chunck of watches other week.
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n
Member of DD Central
Yet another Nick
Posts: 879
Likes: 461
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Post by n on Feb 8, 2017 15:53:16 GMT
Hi, please could someone give me an overview of how things work, for example: is there a minimum deposit amount, is there manual bidding, locked in for the loan term, is this a good thing and what rate(s) of interest are available? Hope to hear your thoughts. Thank you and best regards. I don't know how to link to a thread but this one: 'Lenders views on Unbolted' will probably answer your questions.
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