adrianc
Member of DD Central
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Post by adrianc on Feb 15, 2017 17:38:08 GMT
...plops out of the pipeline... THAT is a very good phrase to use.
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Post by onion12 on Feb 15, 2017 19:01:30 GMT
After 2 years with ss I have started pulling money out now as fast as I can get it invested on other platforms
enough is enough
what ss should remember is it takes a long time to get a good reputation but a short time to loose one
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hazellend
Member of DD Central
Posts: 2,363
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Post by hazellend on Feb 15, 2017 19:15:51 GMT
After 2 years with ss I have started pulling money out now as fast as I can get it invested on other platforms enough is enough what ss should remember is it takes a long time to get a good reputation but a short time to loose one Come acros to MT and ABL, the water is lovely and warm.
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gt94sss2
Member of DD Central
Posts: 281
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Post by gt94sss2 on Feb 15, 2017 19:24:26 GMT
Have to wonder what the FCA thinks of all this? I seem to recall that the consultation they published last year raised concerns that some firms were pricing to demand not risk as they should be.
if I'm right, I would be particularly concerned if I was SS given they still only have an interim license..
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Post by onion12 on Feb 15, 2017 19:28:28 GMT
After 2 years with ss I have started pulling money out now as fast as I can get it invested on other platforms enough is enough what ss should remember is it takes a long time to get a good reputation but a short time to loose one Come acros to MT and ABL, the water is lovely and warm. I feel quite warm with mt all ready have no probolem with doubling up when Ed gets more loans hope he does soon , iv been registered with abl for quite a long time but have not invested there yet mainly the sm way to complicated but I'm thinking just put into new loans and work it out as I go along I'm looking at the loan that's come on today can anyone advise me on transfers I assume there is a fee if I use debit by card ?
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fasty
Member of DD Central
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Post by fasty on Feb 15, 2017 19:42:21 GMT
Come acros to MT and ABL, the water is lovely and warm. I feel quite warm with mt all ready have no probolem with doubling up when Ed gets more loans hope he does soon , iv been registered with abl for quite a long time but have not invested there yet mainly the sm way to complicated but I'm thinking just put into new loans and work it out as I go along I'm looking at the loan that's come on today can anyone advise me on transfers I assume there is a fee if I use debit by card ? No fee to deposit funds in ABL by debit card. Fast and painless.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
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Post by ozboy on Feb 15, 2017 20:19:00 GMT
Have to wonder what the FCA thinks of all this? I seem to recall that the consultation they published last year raised concerns that some firms were pricing to demand not risk as they should be. if I'm right, I would be particularly concerned if I was SS given they still only have an interim license.. Well, SS obviously don't seem too concerned, at all. I have said elsewhere on other Topics that the "Financial Services Authorities", in all their various changing guises over the past 25+ years, are next to useless at policing Financial Services effectively and preventing failures/fraud/corruption. We've all lost count of the number of scandals that should never happened because the "Financial Services Authority" at the time was inept and asleep at the wheel, too busy with their own self importance. I think SS know exactly what they're doing, but, so do we!!! 
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
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Post by ozboy on Feb 15, 2017 22:04:31 GMT
The thing is, guys & gals, as we all know, SS don't give a toss - they've reached some sort of critical mass where there's plenty of Lemmings eager to replace us as we get outta Dodge.
As Alfred E Neuman says, "Wot, me worry?"!!!!
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elliotn
Member of DD Central
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Post by elliotn on Feb 16, 2017 3:43:06 GMT
Too risky for me. Could have problems selling on the SM, so leaving for others.  how will we find out the allocation?!
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toffeeboy
Member of DD Central
Posts: 538
Likes: 385
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Post by toffeeboy on Feb 16, 2017 12:28:12 GMT
Have to wonder what the FCA thinks of all this? I seem to recall that the consultation they published last year raised concerns that some firms were pricing to demand not risk as they should be. if I'm right, I would be particularly concerned if I was SS given they still only have an interim license.. Well, SS obviously don't seem too concerned, at all. I have said elsewhere on other Topics that the "Financial Services Authorities", in all their various changing guises over the past 25+ years, are next to useless at policing Financial Services effectively and preventing failures/fraud/corruption. We've all lost count of the number of scandals that should never happened because the "Financial Services Authority" at the time was inept and asleep at the wheel, too busy with their own self importance. I think SS know exactly what they're doing, but, so do we!!! Just to keep you up to date, the FSA ceased in 2013 and it is now called the "Financial Conduct Authority." Not sure you would call three guises many since 1985 but it has gradually started to encompass all the other governing bodies of this area into it since the original inception of the SIB.
As for rates relating to risk I am sure that SS have some documentation and algorithms that support why they class these new borrowers as worthy of 8% that will satisfy the FCA, as they say you can make Stats and figures give any result you want to suit your needs.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
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Post by ozboy on Feb 16, 2017 13:06:46 GMT
Thanks toffeeboy, I put in quotes "Financial Services Authorities" because I wanted it to appear a generic term, well aware it's FCA now ........ for the time being.  Oh yes, SS et al will easily "bend to fit" and will get all their shenanigans approved. Makes you feel all warm and comfortable dealing with them doesn't it. |
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Feb 16, 2017 13:13:42 GMT
If I want 8% there are plenty to choose from on AC, and I will take those which appear to be to the most credible borrowers and are around 50% (or less) LTV. I just wish AC had an IFISA ready this financial year and that would certainly interest me for an account where I would want to pay little attention and hold most loans to full term. Alas, they haven't.  8% high LTV "colourful" borrowers are not on my radar. We get 18% from FC for those (albeit unsecured). edit: and yes, I have noticed that another AC "secured" loan has now more or less been concluded and "the security" was worth far less than valuation. |
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trevor
Member of DD Central
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Post by trevor on Feb 16, 2017 18:58:07 GMT
7 p.m. and not gone live. Trouble at mill?
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twoheads
Member of DD Central
Programming
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Post by twoheads on Feb 16, 2017 19:05:07 GMT
Live at 19:03. 776 investors. No idea of allocation... I got what I asked for.
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
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Post by cooling_dude on Feb 16, 2017 19:09:13 GMT
Live at 19:03. 776 investors. No idea of allocation... I got what I asked for. That's not many investors - maybe some are actually looking at the loan and doing some DD Seen a £1,000.00 on the investors activities, but guessing the allocation it was a tad more
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how will we find out the allocation?!
