Are we going to see 10%+ loans in the near future?

There is no doubt in my mind that MLIA investors are not valued and are being driven off the platform - can AC publish any information to the contrary? In any event I am slowly withdrawing as loan availability declines and older loans are paid off.

Yes MLIA - £0.00; QAA (swept funds awaiting investment) - £1.57; which equates to £0.0008092 per £1, needless to say not holding my breath for much more anytime soon

I totally agree with butch here, every new account seems to  bring with it another kick in the crown jewels for AC's loyal and oldest investors that helped make it such a success.  The only good idea was the QAA for keeping unallocated funds and paying a modest interest.

Any loans paying 10% or less could go thru' "safer" auto accounts......the high interest loans SHOULD be reserved for MLIA holders prepared to take the extra risk and trust their own judgement........ anyone can use MLIA so everybody is on an equal footing for the more attractive loans

As for AC saying they are not trying to get rid of MLIA........please explain why there is no mention of MLIA on the AC home page........I find it insulting that AC think we are that stupid not to see thru' their hidden agenda.  Their usual reply is "if you don't like it go elsewhere"....of course, that would be another nail in the MLIA coffin......just what AC want!!!

#527 only drew down yesterday and it seems to be taking AC a good couple of days now to complete the allocation to the accounts so I am sure some will eventually make it to our MLIA accounts.

Taking another viewpoint and assuming that our holding in the QAA of this loan is potentially only temporary because the QAA underwrote the loan at drawdown this QAA holding may not indicate what we are likely to get in the MLIA and the other accounts. Looking at my QAA holding in #527 (£6.32) and relating that to the percentage I own of the £28.967m currently in the QAA (0.0269189%) this indicates that the QAA is only holding about one third of this loan at this point so the other two thirds must be going somewhere!

Having said that, experience of other recent small loans that have been over-subscribed suggests an allocation of about £31.89 each 

The loan is currently 100% allocated into the QAA as it hasn't been released to the market yet.  When it is it'll be shared equally between all lenders who are interested in the loan regardless of how they choose to invest, MLIA, GBBA, etc.  When we used carve up the loans demand was massively outstripping supply at the time and the GBBA / GEIA were struggling to invest with large queues because of it.  We were criticised by lenders then, and now that we've stopped the practice (which in reality was at the beginning of this year if memory serves) we're criticised by lenders who want unequal access to loans.

There is more demand for the other accounts for new money than the MLIA, however there's a general longer term drift for lenders to try the MLIA so we have no intention of killing it off.  Quite the opposite as it's still growing in terms of total invested and once a few other major developments are out of the way (ISAs, public API, a couple of partnerships, etc.) then there are firm plans to release some more MLIA tools to improve how the system works.  

skippyonspeed - The MLIA isn't advertised on the home page as our conversion rate for new lenders was higher when we removed it.

Butch Cassidy - no not everyone in GBBA / GEIA / PSIA invests equally in all loans, so only those with idle cash will invest in any new loan that comes along.  Those that are 100% invested will not be allocated anything as they have no funds to invest.  So the market is not skewed as you suggest, and because of this I hope you understand why giving each of those lenders the same priority and allocation as MLIA investors is fair.  You're all trying to deploy cash with the least amount of dead time.

oldgrumpy - I agree this loan probably shouldn't have been pushed by email.  I'll raise it internally with a view to get the processes changed.

I didn't say that loans shouldn't be pushed by email when they are small. I criticized the pushing of loans by email when the allocation was going to be zero. Chris has said that #527 is 100% allocated to QAA, but may still be shared with MLIA (don't know when) so don't cancel "buy" instructions yet; MLIA lenders may still get a few quidsworth.

But exactly the same is true for MLIA investors with no free cash so the principle stands, as to whether it is fair, then that argument can be made but what is undoubtedly true is that it is a change from the previous system where MLIA got a ring fenced % & it is fairly obvious that the new system is far worse in terms of MLIA allocations than the previous one.

The wider issue is why this loan & any like it are going anywhere near the QAA at all? Investors in the collective accounts need 3 things; 1. The headline rate promised in the glossy marketing, 2. The implicit liquidity promise & 3. The protection offered from the PF - everything else in terms of which loans they theoretically invested in is secondary (in fact used to be impossible to find out). There are currently plenty of 7/8/9% loans on the SM & in the pipeline to satisfy the demand from these collectively accounts so whilst that is the case any double figure interest rate loans really ought to be distributed to the MLIA, as a reward for them choosing higher risk options & forsaking the PF etc. It could be argued that allocations should be split 50/50 with GBBA/GEIA or even the equal shares policy currently used but with both these methods many investors would get double allocations which can be argued as unfair. It should come as no surprise that there is far more demand in the non - MLIA sectors as a direct result of the ongoing successful marketing campaigns & that should be welcomed - long term platform growth & success is good for all, not least for those of us who have equity stakes!

However it is clear that some MLIA investors are unhappy, not just with miserly allocations but also that relevant loan Q&A's are routinely deleted, that e-mail enquiries go unanswered for weeks, communications in general could be significantly improved & system improvements often leave them worse off than before. Repeated warm words about maintaining & developing the MLIA are admirable but "by your actions shall ye be judged" & whilst customer feedback is often dismissed by firms that think they know better I believe it gives valuable information of how any business looks from the outside looking in rather than the oft rose tinted view looking the other way.