archie
Posts: 1,839
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Post by archie on Aug 15, 2017 9:47:59 GMT
I'm 100% bling here (*). I don't bother with renewals due to the website performance issues.
My investment will gradually reduce unless there are more bling loans.
I rarely loan on anything less than 11%.
* I have a little bit in the vehicle defaults.
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Post by Collateral Rep on Aug 15, 2017 9:58:28 GMT
Morning,
We will have a grouped jewellery loan later today or tomorrow and will be offered at a rate of 10%. These items will be held in our high security safety deposit box until redeemed.
I'll post more details later in the new loan thread and email.
Many thanks,
Gordon
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Post by Collateral Rep on Aug 15, 2017 10:18:45 GMT
Hi @new2p2p,
As I've said before, we haven't stopped looking for jewellery loans, but internally we have been discussing reducing the rate on jewellery items we hold in our safety deposit boxes, so I can honestly say that this reduced rate wasn't a reaction to this thread.
Many thanks,
Gordon
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archie
Posts: 1,839
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Post by archie on Aug 15, 2017 10:30:18 GMT
As I've said before, we haven't stopped looking for jewellery loans, but internally we have been discussing reducing the rate on jewellery items we hold in our safety deposit boxes, so I can honestly say that this reduced rate wasn't a reaction to this thread. I'm still going to blame dan1
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Aug 15, 2017 10:37:36 GMT
Hi @new2p2p , As I've said before, we haven't stopped looking for jewellery loans, but internally we have been discussing reducing the rate on jewellery items we hold in our safety deposit boxes, so I can honestly say that this reduced rate wasn't a reaction to this thread. Many thanks, Gordon But you were just about to float the idea with the forum to gauge our response weren't you Gordon?................Gordon, you were weren't you?............Gordon?.....
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alison
Member of DD Central
Sanctuary!!
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Post by alison on Aug 15, 2017 10:49:07 GMT
The bling is already up there and available to Pre-Fund.
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Post by lionelrichtea on Aug 15, 2017 10:57:21 GMT
Bunch of magpies.
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Post by Collateral Rep on Aug 15, 2017 11:01:52 GMT
Hi @new2p2p,
Any loan that is currently on the platform which may be renewed will retain the rate it was initially offered at, with no changes.
Many thanks,
Gordon
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littonowl
Member of DD Central
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Post by littonowl on Aug 15, 2017 11:25:06 GMT
Yes, thank you Gordon, just taken my share. Lovely LTV too...
Really hope this is just the start of many more 'bling' items back at Coll, they've been sorely missed!
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elliotn
Member of DD Central
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Post by elliotn on Aug 15, 2017 11:27:02 GMT
Hopefully high 60-70% ltvs will still be risk-adjusted to the standard 12%.
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rgog
Member of DD Central
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Post by rgog on Aug 15, 2017 11:30:13 GMT
I wholeheartedly agree with magenta14, there has to be an adequate return to the investor or we (I) will not invest. I see no purpose to taking the risk if I am not commensurately compensated. Like everybody else I came to Collateral for diversification, I stayed because I liked the way it was run and the security of their holding the asset. The large property loans I have not and will not touch.
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dermot
Member of DD Central
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Post by dermot on Aug 15, 2017 11:53:30 GMT
Yay - bling!
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star dust
Member of DD Central
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Post by star dust on Aug 15, 2017 12:32:38 GMT
Thanks for the opportunity Collateral Rep . I’ve joined the party, I guess you’ve got to be pragmatic, and low LTV secure bling at 10% is certainly better than none. I know some do, but I’ve never invested in anything asset backed at less than 10%. I’ve not run any stats but I don’t believe it’s any more secure or less likely to default. So before Collateral get any other ideas, and just to add my voice to the floor, 10% is as low as I go .
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applets
Member of DD Central
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Post by applets on Aug 15, 2017 16:59:01 GMT
I think we have to be realistic in our interest expectations for bling. It is a competitive market for borrowers and I doubt many will wish to pay a higher rate of interest than they need.
I fully appreciate that many will not wish to lend for less than the previous Collateral rate of 12%, but some will be prepared to accept a lower rate if the risk is commensurate. This new loan will be a good test of the demand.
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theshape
Member of DD Central
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Post by theshape on Aug 15, 2017 18:34:11 GMT
I think we have to be realistic in our interest expectations for bling. It is a competitive market for borrowers and I doubt many will wish to pay a higher rate of interest than they need.
I fully appreciate that many will not wish to lend for less than the previous Collateral rate of 12%, but some will be prepared to accept a lower rate if the risk is commensurate. This new loan will be a good test of the demand. The bid limit lasts until 13:00. It expect it will be gone by 13:30 at the latest.
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