angrysaveruk
Member of DD Central
Say No To T.D.S
Posts: 1,332 
Likes: 789
Member is Online
|
Post by angrysaveruk on Jul 23, 2017 13:08:22 GMT
I have noticed that a couple of my loans on the QAA have been suspendend trading if I sell out my QAA will these loans be sold off?
|
|
bg
Member of DD Central
Posts: 1,368
Likes: 1,929
|
Post by bg on Jul 23, 2017 13:24:53 GMT
I have noticed that a couple of my loans on the QAA have been suspendend trading if I sell out my QAA will these loans be sold off? Yes they will. If you're not convinced, try it. You can move the money out and then back in for no loss of interest.
|
|
angrysaveruk
Member of DD Central
Say No To T.D.S
Posts: 1,332
Likes: 789
Member is Online
|
Post by angrysaveruk on Jul 23, 2017 14:39:32 GMT
I have noticed that a couple of my loans on the QAA have been suspendend trading if I sell out my QAA will these loans be sold off? Yes they will. If you're not convinced, try it. You can move the money out and then back in for no loss of interest. You read my mind like to keep the decks clear 
|
|
mary
Member of DD Central
Posts: 698 
Likes: 711
|
Post by mary on Jul 23, 2017 17:32:28 GMT
I have noticed that a couple of my loans on the QAA have been suspendend trading if I sell out my QAA will these loans be sold off? Yes they will. If you're not convinced, try it. You can move the money out and then back in for no loss of interest. You may be right, but that's not how the GBBA works! It took me ~9 months to totally get back all my investment, I did get 70% in a week and 90% in a month, but underlying defaulted loans had to wait until recovery.
|
|
bg
Member of DD Central
Posts: 1,368
Likes: 1,929
|
Post by bg on Jul 23, 2017 18:11:58 GMT
Yes they will. If you're not convinced, try it. You can move the money out and then back in for no loss of interest. You may be right, but that's not how the GBBA works! It took me ~9 months to totally get back all my investment, I did get 70% in a week and 90% in a month, but underlying defaulted loans had to wait until recovery. QAA is different though. That's why it pays only 3.75% v 7% for GBBA.
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
Post by jonah on Jul 23, 2017 20:03:39 GMT
Yes they will. If you're not convinced, try it. You can move the money out and then back in for no loss of interest. You may be right, but that's not how the GBBA works! It took me ~9 months to totally get back all my investment, I did get 70% in a week and 90% in a month, but underlying defaulted loans had to wait until recovery. QAA / 30D has a cash buffer which pays you back if you take your cash away. As long as 'normal conditions' and not everyone doing it at once, being locked in a loan doesn't matter. The other packaged accounts don't have such a buffer, you are really in the loans selected. This can result in lengthy recovery procedures, but to be fair to AC, they have a pretty good record of getting the cash in the end.
|
|
agent69
Member of DD Central
Posts: 6,046
Likes: 4,438
|
Post by agent69 on Jul 23, 2017 20:09:38 GMT
I've just sold £100 in a poorly performing loan, with the money going into the QAA. I was a bit surprised to see that it bought into (among other things) 2 suspended loans.
|
|
markr
Member of DD Central
Posts: 766
Likes: 426
|
Post by markr on Jul 23, 2017 20:37:53 GMT
I've just sold £100 in a poorly performing loan, with the money going into the QAA. I was a bit surprised to see that it bought into (among other things) 2 suspended loans. It didn't "buy into" those loans as a result of receiving your £100, it held those loans anyway and you were notionally "allocated" your share of them when you put your funds in. Your £100 will, at least in the short term, have just increased the cash holding of the QAA. If AC's algorithm decides that the account holds too much cash, it will buy in loan parts and you'll be allocated your share of those too.
|
|
