SteveT
Member of DD Central
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Post by SteveT on May 23, 2017 8:38:29 GMT
Excellent. Many thanks.
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GeorgeT
Member of DD Central
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Post by GeorgeT on May 23, 2017 9:40:59 GMT
All very excellent in my opinion. It's no wonder so much has appeared on the secondary markets in other places as investors desperately try to raise more funds to invest in this 'opportunity of the month'.
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Post by beepbeepimajeep on May 23, 2017 9:46:41 GMT
Well done MoneyThing, congratulations on securing this listing and as a new investor on your platform this has been great to get started on the SM!
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madpierre
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Post by madpierre on May 23, 2017 13:11:52 GMT
I am really pleased with MoneyThing at the moment  This borrower could have gone elsewhere for finance but chose MT partly I am sure due to a favourable rate. However, we are also receiving a favourable rate which can only mean that MT are squeezing their margins to ensure the success of this loan. Obviously if everything goes to plan we all win, even MT, whose actions are bound to lead to an increased lender base. It's an enlightened strategy that some other P2P platforms have forgotten, which is why I have just sold 20% of my entire funds in another (apparently) leading platform (whose rate/quality ratio have not been attractive recently) and deposited them in readiness for 4pm today (and tomorrow)  |
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vmail
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Post by vmail on May 23, 2017 15:03:27 GMT
£500,000 in 2 minutes
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GeorgeT
Member of DD Central
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Post by GeorgeT on May 23, 2017 15:26:48 GMT
£800k gone in 20 minutes.
Over £5m of new loans at 12% and 13% launched on MT in the last week (since 17 May). Could the P2P power base be shifting.
I note loans elsewhere that were due to go live today have thus far not. I wonder if some investors have wiped out their pre-funds elsewhere in preference for this MT beauty.
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elsee
Member of DD Central
Retired:D
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Post by elsee on May 23, 2017 15:29:18 GMT
£800k gone in 20 minutes. Over £5m of new loans at 12% and 13% launched on MT in the last week (since 17 May). Could the P2P power base be shifting. I note loans elsewhere that were due to go live today have thus far not. I wonder if some investors have wiped out their pre-funds elsewhere in preference for this MT beauty. I did
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Post by elrond on May 23, 2017 16:22:00 GMT
And so did I.
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littonowl
Member of DD Central
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Post by littonowl on May 23, 2017 18:29:38 GMT
Yeah, helped me make my mind up about BondMason too.. |
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seeingred
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Post by seeingred on May 23, 2017 20:36:43 GMT
Whole string of zero prefunds on another platform.
It was a most difficult decision.
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GeorgeT
Member of DD Central
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Post by GeorgeT on May 23, 2017 20:44:48 GMT
Today was MT's coronation day. £1.2 million invested in 5½ hours since 4pm. A good day for Ed and the things. If the hat fits, wear it - (pic copied from MT website by me and crown added. No breach of copyright intended. Mods pls remove pic if not acceptable to forum rules or MT and just leave my first 2 lines up. Thanks)  |
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Post by lendinglawyer on May 23, 2017 21:11:55 GMT
Today was MT's coronation day. £1.2 million invested in 5½ hours since 4pm. A good day for Ed and the things. If the hat fits, wear it - (pic copied from MT website by me and crown added. No breach of copyright intended. Mods pls remove pic if not acceptable to forum rules or MT and just leave my first 2 lines up. Thanks) View Attachment#suckup 
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markdirac
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Post by markdirac on May 24, 2017 7:56:45 GMT
Whole string of zero prefunds on another platform. It is most healthy to have this competiton at 12% and 13%. What can Lendy do to compete? - Not allow their margins to bloat - More collaborative / less arrogant communications - Spend less on managing recoveries???
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Post by markp2p on May 24, 2017 9:18:04 GMT
Do loans now only pay interest from when they are fully-funded? Did they always? I thought I recalled that interest was paid from investment, and so expected a day's interest on this loan this morning (as it ends on the 24th). The interest is an insignificant amount so not bothered either way just curious.
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SteveT
Member of DD Central
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Post by SteveT on May 24, 2017 9:23:04 GMT
Do loans now only pay interest from when they are fully-funded? Did they always? I thought I recalled that interest was paid from investment, and so expected a day's interest on this loan this morning (as it ends on the 24th). The interest is an insignificant amount so not bothered either way just curious. Under the new T&C's, pre-drawdown "interest" is paid for by MT, at the point the loan draws down, for the number of days you've held the loanpart. The borrower then takes over paying monthly thereafter.
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