ashtondav
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Post by ashtondav on Jan 31, 2020 8:55:48 GMT
09 -13 credit checks, due diligence and rejecting lower quality borrowers were better. Since 2016 it’s been a race to the dregs - especially FC.
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ashtondav
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Post by ashtondav on Jan 30, 2020 18:20:50 GMT
Goes some way to explain the depleted PFs at RS and LW, the lower returns at ZOPA and FC, I guess.
FS was reassuringly just fraud, incompetence and poor valuations...
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ashtondav
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Post by ashtondav on Jan 30, 2020 13:33:16 GMT
I think the little red pencil will be removed.
As will my money...
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ashtondav
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Post by ashtondav on Jan 29, 2020 18:23:44 GMT
Nowadays (after the 2008 debacle) institutions are much better at assessing risk, and this is a good way for them to get access to the SME loans market. Nothing to worry about. Oh dear, what experience have I got of assessing whether a P2P Loan is not a part of a similar vehicle unless I am told as such by he P2P I maybe using. I'm not expecting this just wondering how I would be able determine it after its my money being lent to a borrower whatever they guise they maybe in. Edit: I notice that RS has stopped some of the more interesting lending options in its portfolio. One that caught my eye was stopped in Jan 2019 on divorce settlements - quite large funds could be involved and it seemed that repayment was dependant on the divorce settlement. I guess it might have been stopped if there were few cases where the bottower failed to win the case to a level that would pay the loan off!.
Family finance (discontinued in January 2020) where Securities Loans were secured against the proceeds of the divorce settlement. See "Other" section in RS A diversified portfolio pages refer.Not sure i understand AJU?
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ashtondav
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Post by ashtondav on Jan 29, 2020 16:58:00 GMT
Nowadays (after the 2008 debacle) institutions are much better at assessing risk, and this is a good way for them to get access to the SME loans market. Nothing to worry about.
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ashtondav
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Post by ashtondav on Jan 29, 2020 13:36:59 GMT
It was Safari not showing me the full screen. Fireox shows 16,678 available to sell and fees of 933, so 5.6% in total
Luckily I sold £17,000 in December and I will commence withdrawal of repayments i think
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ashtondav
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Post by ashtondav on Jan 29, 2020 12:18:42 GMT
Don't panic. My partner just tried for a quick quote, it's working as normal. Sales have been done numerous times since Last week, with the intention not selling quick, but the fee would be covered by interest payment of the portfolio. Last sale was made yesterday with the average shortfall of 3.1%. Selling the whole lot ( available to sell amount) would cost 5.4%. I suppose the remaining loans are more expensive to sell. The only hope is interest payment back to normal within short period. According the the Projected portfolio, the earning would be 4% in 12 months in poor scenario!We shall see about that. This month is not looking good unless LW knows better interest payment are coming later part of the 12 month period. UPDATE: Loan sale pending, it seems working as normal. I will report back later. Why i'm panicking is that the webpage tells me i have £0 available to sell, when i have £17,800 in loans!
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ashtondav
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Post by ashtondav on Jan 29, 2020 11:42:53 GMT
i have just over £17,000 in Growth and tried to get a quote for selling. When I click the sell button it tells me I have nothing available to sell!
ive emailed to ask why. Presumably it’s a glitch?
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ashtondav
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Post by ashtondav on Jan 28, 2020 10:03:22 GMT
just bunged in a decent wedge for the first time in months hoping for c.5% on access.
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ashtondav
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Post by ashtondav on Jan 27, 2020 12:56:22 GMT
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ashtondav
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Post by ashtondav on Jan 27, 2020 12:40:36 GMT
A replacement from Vanquis, I assume as Del Boy was otherwise engaged. And the share price rockets past 80p as someone with high level lending and banking expertise replaces someone from Autotrader...
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ashtondav
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Post by ashtondav on Jan 27, 2020 11:51:40 GMT
Yes, I did
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ashtondav
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Post by ashtondav on Jan 27, 2020 9:11:20 GMT
But in the MLA you’re not covered by the provision fund. Defaulted loans in GBBA are covered by the PF, so you will eventually get your money.
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ashtondav
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Post by ashtondav on Jan 26, 2020 9:40:37 GMT
So when is this happening? I got an email yesterday saying I was matched in Access.
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ashtondav
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Post by ashtondav on Jan 25, 2020 9:34:33 GMT
For gods sake take the test. If you are really unable then maybe you shouldn’t be anywhere near a p2p platform and you simply dial AC CS. It ain’t rocket science.
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