ashtondav
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Post by ashtondav on Dec 21, 2019 13:08:04 GMT
Its all gone very quiet on this thread ....maybe the selling engine has been turned off for Christmas Or boredom threshold breached ...
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ashtondav
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Post by ashtondav on Dec 20, 2019 12:25:02 GMT
Nope. Currently 3% access, 3.5% plus, 4% Max. Got 4.1% on access last night so why would i want Max? A: Because at exactly the same moment you had 4.1% on Access you could have 5.1% on Max. But hasn't that relationship changed? Didn't it used to be 3% Access, 4% plus and 5% Max, ie a 2% points difference.
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ashtondav
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Post by ashtondav on Dec 19, 2019 19:08:23 GMT
Nope. Currently 3% access, 3.5% plus, 4% Max. Got 4.1% on access last night so why would i want Max?
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ashtondav
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Post by ashtondav on Dec 19, 2019 19:02:52 GMT
As I'm, for the first time since the new products launched, considering re-entering the fray I'm just thinking out loud. Unless you think you'll need the money in a hurry, would MAX not always be the best product? I say this as MAX rates are 1.00% p.a higher than access. The access fee is 90d interest i.e. 1/4 of the going rate, so currently 1.00%. So providing you're confident that you will retain your investment for about a year (slightly less in fact as it will amortise away) then you're going to be earning a higher rate than access/plus even if you subsequently cash them in (unless the GR shoots massively upwards, which doesn't feel particularly imminent). This combined with the fact that using P2P in general as "easy access" is a bad plan in my view, that seems to steer me towards always using MAX. Agree/disagree? Aside from paying a fee, is there any other prioritising done between products when using RYI? That would be the only other thing to make me interested in Access - if RYI's were prioritised even after the Plus/Max orders have paid their fee. I prefer RS "Access", mainly because of what RS offers: - flexibility- instant top up with Debit card - 0 access fee- up-to-date interest Under normal market conditions.
We have to hope RS doesn't do an FC. With them you now need six months to a year to withdraw and a (new) fee of 1.25%. I tend to believe FC was uniquely incompetent driven by IPO greed, and are now improving, but even so why go for RS and unsecured lending when you can go for AC with secured lending and a PF?
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ashtondav
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Post by ashtondav on Dec 19, 2019 13:05:22 GMT
So why was I getting consumed in Access at 4.1% but not a nibble in max at 5.1%? less lender offers in access I'm guessing, I haven't looked though. Perhaps you were nearer the mountain than all the others too. But why would anyone go for Max at a GR of 4% and a 1% (currently) withdrawal fee, when GR on access is 3% and quite often you can get 3.4%+?
No comprendo...
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ashtondav
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Post by ashtondav on Dec 19, 2019 12:21:30 GMT
So why was I getting consumed in Access at 4.1% but not a nibble in max at 5.1%?
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ashtondav
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Post by ashtondav on Dec 18, 2019 9:47:51 GMT
£700 in new defaults this am !! 😮 I cannot believe how incompetent this crowd are .... I put my life savings here to get a better return to pay off my mortgage ( which I thought would have been this month). Couldn’t understand why I couldn’t get my money in August, until I found this site! Now I get it ! Have to return to work as a retired Nurse to keep afloat . Thanks FC for being responsible with my money !! However , many thanks Criston for setting this informative page. Even worse and ironic FC would probably now assign you “sophisticated investor “ status. A clear example of someone who should never have been in p2p.
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ashtondav
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Post by ashtondav on Dec 17, 2019 12:35:40 GMT
I wouldn’t want to buy or be allocated a loan that was consistently being repaid late or erratically - not a good sign.
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ashtondav
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Post by ashtondav on Dec 17, 2019 8:28:32 GMT
Perhaps not highlight LW’s “high charge” of 0.6%, when ZOPA’s charge is 1%.
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ashtondav
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RateSetter (RS)
Max rate
Dec 16, 2019 18:20:17 GMT
Post by ashtondav on Dec 16, 2019 18:20:17 GMT
doh! thought it was 0.5%. Thanks and apologies for thickness.
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ashtondav
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RateSetter (RS)
Max rate
Dec 16, 2019 18:11:28 GMT
Post by ashtondav on Dec 16, 2019 18:11:28 GMT
How can there be lender offers in Max at 6.2% and above when the GR has never been 5.7%. I thought the highest its been is 5% therefore 5.5% must be the highest rate?
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ashtondav
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Post by ashtondav on Dec 16, 2019 14:39:14 GMT
Sale completed email received today for my 19/11 instruction. Nothing was sold in this cycle as there were no loans that were still live. The eternal wait for recoveries is now my only option for this account. I do wonder why they don’t sell bad debt to specialist companies, in the same way as ZOPA. I guess it must be that they have more confidence in their debt collection competence.
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ashtondav
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Post by ashtondav on Dec 14, 2019 10:12:56 GMT
No, i didn’t receive anything, and I’ve checked spam and trash. Can you post it or pm me with it, please.
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ashtondav
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Post by ashtondav on Dec 14, 2019 9:36:15 GMT
Er, should I have received an email? Cos I haven’t.
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ashtondav
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Post by ashtondav on Dec 13, 2019 19:02:02 GMT
Maalox? eh?
Old news and before the 1.25%.
Suggest you keep on top of things and check spelling...
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