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Post by longjohn on May 25, 2017 13:30:13 GMT
Woo, two and a half pages of loans. Haven't seen that many for ages. There's even a D that's still there after 4 hours.  |
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Post by spiral123 on May 25, 2017 16:32:05 GMT
and the secondary market at par is swamped, including £13,000 worth of 20 day old C's which haven't budged, could be a sleepless night before pay day for someone!
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markr
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Post by markr on May 25, 2017 17:03:34 GMT
Stuff is still selling nicely at par though. I've been selling C and D parts steadily throughout the day to recycle into the new C and D offerings.
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fasty
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Post by fasty on May 25, 2017 17:05:56 GMT
I put a bunch of 13.5% C's on the SM earlier, at par, with expectations of immediate sale. When only one part sold in around an hour, I took 'em off sale again and flogged some B's instead. It's gone weird today.
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r00lish67
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Post by r00lish67 on May 30, 2017 15:07:00 GMT
Weirdness continues...with the temporary abandonment of the unfilled property loan and no other loans added (unless a D/E slipped me by) , I think we're at -1 loans added to the loan requests queue today. Perhaps they'll need to pull the IFISA lever sooner than they thought!
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Post by spiker on May 30, 2017 15:21:00 GMT
No weirdness
They clearly put too many loans on last Thursday. (Probably in anticipation of the bank holiday weekend).
They then modified AutoBid to focus on the Primary market to get these filled (which inadvertently created a big backlog on the secondary market)
They've been holding back on adding new loans until the current primary market gets back to something like normality, which they can then revert autobid back to business as usual.
I suspect tomorrow will be back to normal as the primary market number of live loans will soon be down to single figures.
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r00lish67
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Post by r00lish67 on May 30, 2017 16:35:18 GMT
Yes, you're right, of course. Just some nostalgic thinking of mine for those cashback-laden days of old really. Sigh.  |
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blender
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Post by blender on May 30, 2017 18:01:21 GMT
I'm not sure that the c***b*** word should be used on this FC board. It raises people's hopes, only for them to be cruelly dashed.
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fasty
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Post by fasty on May 30, 2017 19:28:57 GMT
I'm not sure that the c***b*** word should be used on this FC board. It raises people's hopes, only for them to be cruelly dashed. Hmmm a 2% cashback lured me into my plumpest A-rated loss-making loan on FC 
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blender
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Post by blender on May 30, 2017 19:45:59 GMT
Mine was a tasty looking E loan. Great accounts, but they did not include the lurking CCJ. I did sell a large part of it.
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voss
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Post by voss on May 31, 2017 7:20:47 GMT
That might be 17063, a number that is burnt into my memory: the only E that I know of to go pop before the first repayment. Fortunately, the RB was reinstated after four months of on time payments.
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blender
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Post by blender on May 31, 2017 7:36:46 GMT
That might be 17063, a number that is burnt into my memory: the only E that I know of to go pop before the first repayment. Fortunately, the RB was reinstated after four months of on time payments. 18755 - a very similar story. It made 12 repayments.
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kt
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Post by kt on May 31, 2017 10:42:39 GMT
How is loan 179553 allowed to be listed?
"What is the nature of the business and how will it use the loan?
I need the loan for expansion of the company. Website is: http://www.w******-group.co.uk"
That is the totality of information from the borrower. They have answered no questions and 78% of £257,500 has already been offered at a rate of 6.5%.
1 day left. Are FC not ashamed to list such a loan?
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blender
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Post by blender on May 31, 2017 11:53:13 GMT
How is loan 179553 allowed to be listed? "What is the nature of the business and how will it use the loan? I need the loan for expansion of the company. Website is: http://www.w******-group.co.uk" That is the totality of information from the borrower. They have answered no questions and 78% of £257,500 has already been offered at a rate of 6.5%. 1 day left. Are FC not ashamed to list such a loan? FC 'investors' are not encouraged to take any interest in individual loans any longer. You are supposed to just diversify and take the average results. Other platforms are available. Edit: Whoops, did not notice what I was quoting. Apologies for that.
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wilhelm
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Post by wilhelm on May 31, 2017 12:39:57 GMT
kt said: "Are FC not ashamed to list such a loan?"
Very simply, FC have no shame, as demonstrated by, amongst other examples, the infamous London loans. They also have no sense of truth or reality, no responsibility, no conscience, no acumen, no cares and no worries. However, they did once claim to have a "highly experienced property team". We can make our own judgement on that, as indeed FC themselves have since done.
The fact that loan 37575 is now 86% filled merely confirms that since FC dispensed with percentage-based bidding - which obviously affected loan interest rates by virtue of borrowers' responses to Q&A's - Funding Circle is now little more than a roulette table. There's absolutely no incentive for borrowers to give any information, nor answer any questions. And I regret to add, with FC loans filling "no questions asked", sadly that also says a great deal about most FC investors.
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