justme
Member of DD Central
Posts: 203 
Likes: 89
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Post by justme on Aug 14, 2017 21:37:36 GMT
Op, why you getting out of unbolted ? As i mentioned, because of the relatively low filling rate and lack of secondary market. If most loans are for 6 months and one has emergency savings somewhere else then would lack of secondary market be that much of an issue ? What is the filling rate actually in £ per months? Is it true that the rates are 8-10% though? If so then I guess this is the going rate for pawn jewelry loans..
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Post by easteregg on Aug 16, 2017 11:50:30 GMT
Apologies for the delay in responding. While ReBS has a not insignificant number of defaults, the actualy returns after bad debts are still relatively high, even taking into account that some of the defaults will turn into larger bad debts. But should we be recommending them ? The loan book is not growing. No new loans this month so far. I think 2 last month which filled. The bad debts grow each month and the recoveries are non existent . Its certainly a platform for the more experienced investor as the only way to grow a loan book is via the SM I'm wouldn't recommend one platform over another, but in response to the question, I suggested it could be worth considering this platform, as part of a diversified portfolio of loans in a diversified portfolio of platforms. I agree that is would be higher risk platform, but also higher reward.
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Post by keyboardworrier on Aug 16, 2017 11:55:56 GMT
I think Kuflink should be looked at as a high quality platform,it's one of the few platforms which invest their own money into the loans (20%) which brings the LTV down to 50% or lower (a recently filled loan had a LTV of around 20%). So it's comparable to PropLend's tranche A loans
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Post by df on Aug 16, 2017 19:28:12 GMT
Apologies for the delay in responding. While ReBS has a not insignificant number of defaults, the actualy returns after bad debts are still relatively high, even taking into account that some of the defaults will turn into larger bad debts. But should we be recommending them ? The loan book is not growing. No new loans this month so far. I think 2 last month which filled. The bad debts grow each month and the recoveries are non existent . Its certainly a platform for the more experienced investor as the only way to grow a loan book is via the SM I wouldn't recommend ReBS as a main platform, but as a very small part of diversified portfolio it works well for me. The loan book is in deed not growing, but so is I my investment in ReBS. I haven't had any default there yet, but if they start coming I won't be upset because my investments in each loan are very small. I believe, after all potential losses and cash drag the overall return should be above 9%. I used a bit of SM to start with, but since then I use it only when I get enough in my cash account to re-invest. Whenever a new loan is coming I import some cash and put a small bid on it, but I'm not upset if they are not coming, I don't feel like I need to grow my loan book with this particular platform.
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Post by dudave on Aug 17, 2017 11:06:03 GMT
As i mentioned, because of the relatively low filling rate and lack of secondary market. If most loans are for 6 months and one has emergency savings somewhere else then would lack of secondary market be that much of an issue ? What is the filling rate actually in £ per months? Is it true that the rates are 8-10% though? If so then I guess this is the going rate for pawn jewelry loans.. I invested a small amount 8-9 months back, about 1000£ and it took way too long to fill, maybe these days it's filling quicker i couldn't say as i stopped putting my money in new investment a while ago. 8-10% is correct, these are indeed the rates. overall a very good platform just not for me.
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Post by df on Aug 17, 2017 23:57:51 GMT
If most loans are for 6 months and one has emergency savings somewhere else then would lack of secondary market be that much of an issue ? What is the filling rate actually in £ per months? Is it true that the rates are 8-10% though? If so then I guess this is the going rate for pawn jewelry loans.. I invested a small amount 8-9 months back, about 1000£ and it took way too long to fill, maybe these days it's filling quicker i couldn't say as i stopped putting my money in new investment a while ago. 8-10% is correct, these are indeed the rates. overall a very good platform just not for me. £1000 is too large amount to invest in one go, it would create a considerable cash drag as auto investment portions are very small. I drip feed and this has worked for me well. It is filling up quicker than 8 months ago. Most auto investments are a bit larger now and you can get 'small loans' (some of them under £200) manual investments (limited to £10 or £25) if you can constantly monitor your e-mails Mon-Fri and respond within seconds. Jewelry loans are very popular  I like Unbolted - very simple and consistent. Small part of my portfolio, but but steadily growing.
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,447 
Likes: 945
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Post by stub8535 on Aug 18, 2017 1:10:36 GMT
As i mentioned, because of the relatively low filling rate and lack of secondary market. If most loans are for 6 months and one has emergency savings somewhere else then would lack of secondary market be that much of an issue ? What is the filling rate actually in £ per months? Is it true that the rates are 8-10% though? If so then I guess this is the going rate for pawn jewelry loans.. The "going rate" for pawn or jewellery accross platforms is up to 13% on FS, 10% on col, whilst on ubl it is a lower rate, dependent on loan type, but has protection inbuilt on most loans. Their may be richer pickings on hnwi but most are priced out, including me, due to high min investments. Would you "trust" fs though to get the valuation on day 1 right and revalue the jewelery each time it is renewed. Evidence suggests they do not and they end up in a buggers muddle when the loan goes sour. On ubl, Gold and silver loans are covered in the futures market against the underlying value of the metal. Some business loans are covered by recourse to a company. My fill rate at ubl is currently £500+ a week on top of returned capital and interest payments. I am happy with this for now as its smoothing early day investing lumpiness and improving my diversification levels. As for recieved interest, pawn loan borrowing costs are high so it is in the interest of borrowers to pay down their borrowings as soon as it makes sense to do so. This leads to a reduction in lender return as we then have the cash drag wait to be reinvested to take into consideration. This is significant if you get a large repayment of a business loan where one may have a few k in that returns funds in one go. The flip side of that is, where money is left on the platform, your allocations values, not percentages, rise to reinvest your capital at a faster rate. As more people invest then the platform must find enough new business and renewals to soak up new money and old or allocations will fall. A tough ask in a market tightly controlled by the biggest players but Rito and Ashwin seem to be doing ok atm. Costs may rise if they need more marketing spend but I suspect that these switched on guys have that in their financial plans already.
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I like Unbolted - very simple and consistent. Small part of my portfolio, but but steadily growing.