cooling_dude
Bye Bye's for the PPI
Posts: 2,853 
Likes: 4,298
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Post by cooling_dude on Dec 20, 2016 15:42:58 GMT
REPAID LOAN
| Loan Amount | : | £ | 98,000
| | Security Value | : | £ | 140,000
| | SS Indicated LTV | : |
| 70% | | 90 Day Market Valuation | : | £ | 130,000
| | LTV Based on 90 day Market Valuation | : |
| 75% | | Term | : |
| 183 days | % PA
| : |
| 9% |
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gurberly
Member of DD Central
Posts: 168
Likes: 98
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Post by gurberly on Dec 21, 2016 12:03:38 GMT
Live - Allocation £85
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lobster
Member of DD Central
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Post by lobster on Dec 21, 2016 13:01:54 GMT
Only £85 max allocation ? For a 9% loan ?
I know it's a bit of a tiddler loan for 98k , but even so, I'd have thought a max allocation of at least a few hundred quid ....
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gurberly
Member of DD Central
Posts: 168
Likes: 98
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Post by gurberly on Dec 21, 2016 13:12:27 GMT
Only £85 max allocation ? For a 9% loan ?
I know it's a bit of a tiddler loan for 98k , but even so, I'd have thought a max allocation of at least a few hundred quid ....I guess there must be a fair amount of cash sloshing about. I had a bit spare myself I took the view that a 9% bird in the hand was better than a couple of 12% birds in the bush 
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am
Posts: 1,495
Likes: 601
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Post by am on Dec 21, 2016 13:19:59 GMT
Only £85 max allocation ? For a 9% loan ?
I know it's a bit of a tiddler loan for 98k , but even so, I'd have thought a max allocation of at least a few hundred quid ....I guess there must be a fair amount of cash sloshing about. I had a bit spare myself I took the view that a 9% bird in the hand was better than a couple of 12% birds in the bush I spent too much time trying to make sense of 150-152 and 153, and didn't get round to setting a prefund on this.
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dan83
Posts: 243
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Post by dan83 on Dec 21, 2016 13:30:00 GMT
About 1150 people set a pre-fund amount.
Wounder how many people are still steering clear of lower rate loans?
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Post by jackpease on Dec 21, 2016 13:54:58 GMT
>steering clear of 9% loans
Clearly popular - I guess 9% compared to what was historically available is miserable but 9% compared to what else is out there (assume we're all maxed out other sites) so I reckon its still a good home on a platform that is easy to use and which has a good track record despite recent niggles.
Jack P
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ablender
Member of DD Central
Posts: 2,204
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Post by ablender on Dec 21, 2016 15:07:21 GMT
>steering clear of 9% loans Clearly popular - I guess 9% compared to what was historically available is miserable but 9% compared to what else is out there (assume we're all maxed out other sites) so I reckon its still a good home on a platform that is easy to use and which has a good track record despite recent niggles. Jack P Compared to 12%ers which attract about 2000 lenders, about 1000 lenders for 9% does not fill me with confidence. I have noticed this from the start of introducing these lower rates and have mentioned it here a number of times.
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fp
Posts: 1,008
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Post by fp on Dec 21, 2016 15:42:29 GMT
Either way, the loans are still filling so don't expect to see any less of them, just because the take up has halved, there is still enough money being thrown at them.
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Post by GSV3MIaC on Dec 21, 2016 16:03:22 GMT
/mod hat off
It's obviously going the way of Fleeting Chances (in the early days) .. small loans will fill at low rates, but once the mug naive/desperate investor supply runs out (on FC it used to be around the £100k mark .. on SS it appears to be higher), the rates have to be higher to attract the required £M from the more greedy risk aware lenders. FC didn't actually fix their (fixed) rates on that basis, when they decided to stop them floating around, they just unleashed (brain dead) autobid with enough muscles to fill most things, regardless, but before those days rate achieved vs loan size was quite well correlated.
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jonah
Member of DD Central
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Post by jonah on Dec 21, 2016 21:44:07 GMT
/mod hat off It's obviously going the way of Fleeting Chances (in the early days) .. small loans will fill at low rates, but once the mug naive/desperate investor supply runs out (on FC it used to be around the £100k mark .. on SS it appears to be higher), the rates have to be higher to attract the required £M from the more greedy risk aware lenders. FC didn't actually fix their (fixed) rates on that basis, when they decided to stop them floating around, they just unleashed (brain dead) autobid with enough muscles to fill most things, regardless, but before those days rate achieved vs loan size was quite well correlated. This is no doubt true. This is also a TINY loan. Microscopic compared to others. There are probably people on SS who could have paid it with a few months interest. Irrespective of what we think about rates dropping, for loans this size, unless they are literally a toxic waste dump, won't be over 9% on SS for the foreseeable.
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twoheads
Member of DD Central
Programming
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Post by twoheads on Jul 17, 2017 8:43:31 GMT
Just repaid (9:40 am).
Just a tiddler but every little helps.
EDIT: Repaid 18 days prior to term.
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GeorgeT
Member of DD Central
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Post by GeorgeT on Jul 17, 2017 10:30:38 GMT
Very good news once again and could it be a coincidence that I also have 3 loan part sold emails this morning.
We have had a spate of small loan repayments over the last two weeks -
in fact so many I can't remember them all. The law of averages means there is a high chance the next one will be a biggie.
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Post by df on Jul 17, 2017 11:53:05 GMT
Very good news once again and could it be a coincidence that I also have 3 loan part sold emails this morning. We have had a spate of small loan repayments over the last two weeks - in fact so many I can't remember them all. The law of averages means there is a high chance the next one will be a biggie. 4 has been repaid this month so far. 1,488m in total.
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twoheads
Member of DD Central
Programming
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Post by twoheads on Jul 17, 2017 11:58:16 GMT
Very good news once again and could it be a coincidence that I also have 3 loan part sold emails this morning. We have had a spate of small loan repayments over the last two weeks - in fact so many I can't remember them all. The law of averages means there is a high chance the next one will be a biggie. 07/07 PBL125 £620,000 10/07 PBL089 £455,000 12/07 PBL144 £315,000 17/07 PBL149 £98,000
Total in 10 days: £1.488M
However, this does not mean that the is a high chance that the next will be a biggie. That is like saying, after four tails in a row that there is a high chance the next coin toss will be a head.
I'll grant that there is a slightly increased chance of the next repayment being a biggie because the repayment events are not independent, whereas coin tosses are. There is a slightly increased chance because the ratio of biggies to tiddlers has slightly changed in favour of the biggies.
EDIT - Crossed with df
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