ashtondav
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Post by ashtondav on Sept 14, 2018 12:33:12 GMT
I think that there's not much point in checking what's going on with your loans. I take a monthly look at the interest, fees, bad debt, recoveries and balance - but it's hard to see how investigating performance further can lead you to taking any action or improve the performance. Certainly, staring angrily at late/defaulted loans won't help your blood pressure - especially when a company borrows £100k+ and go bust weeks later - makes you wonder if FC are doing a good enough job in vetting companies. Same thing happens on most p2p platforms. Not just companies, but individuals too. In fact it is quite likely with small businesses. Take company ABC wanting a loan in February with a year end in December. Financial accounts for the previous 3 years are sparkling, however its largest customer has just phoned in and said they want to “renegotiate” their annual order. You apply for a loan and..... When I took out my first mortgage I was with a well established employer. However unknown to my BS, I had a plan to go self employed in the next few months... p2p is not without risk, and the only protection is either diversification or a provision fund.
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ashtondav
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Post by ashtondav on Sept 12, 2018 17:00:02 GMT
That sounds like half way to the auction model that FC gave up for some reason! Because the clever punters were able to do all kinds of underhand but permissible actions that robbed the dumb punters masses.
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ashtondav
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Post by ashtondav on Sept 12, 2018 14:12:39 GMT
I’ve now reset my password and on iPad safari I can’t even log in and get to the dashboard. It just redirects me back to the log in page when I enter the password.
Everything ticketyboo using the laptop and Firefox, using the same username and password.
So, I can no longer use an iPad for RS!
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ashtondav
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Post by ashtondav on Sept 12, 2018 7:04:25 GMT
Nope.
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ashtondav
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Post by ashtondav on Sept 11, 2018 17:38:43 GMT
This is safari on iPad. Same happens when I use chrome on the iPad. Everything works on the laptop using Firefox.
weird, or what!
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ashtondav
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Post by ashtondav on Sept 11, 2018 17:02:55 GMT
I log in, get to my dashboard but then if I click invest, deposit or anything else I just get back to the login page, I login and just get back to the dashboard again.
ideas?
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ashtondav
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Posts: 1,812
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Post by ashtondav on Sept 9, 2018 10:11:04 GMT
Struggling here. Isn’t it Cristal clear.
if you’re in rolling you can:
reinvest capital and/or interest in rolling at either MR or your chosen rate.
direct repayments of capital and/or interest to the holding account.
Whats the complication?
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ashtondav
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Post by ashtondav on Sept 6, 2018 20:55:27 GMT
Get off your high horse, some of us got 8.4% on the 1 year last week.....BOOM! Yes but did you get it tax free. Gulp! Gulp! Dammmmmmmmmit.......
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ashtondav
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Post by ashtondav on Sept 6, 2018 17:03:26 GMT
As Yogi Berra said, it's tough to make predictions, especially about the future. Not if it's about Power Boats....
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ashtondav
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Post by ashtondav on Sept 6, 2018 14:41:28 GMT
ZOPA aren't mainpulating anybody. They offer black box fire and forget accounts, and provide estimated returns. RS, on the other hand maintain the sometimes fictitious construct of a "market". Like comparing Apples with Sirloin Steak!
As long as I can snaffle up 6.2% on 5 year RS who gives a....
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ashtondav
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Post by ashtondav on Sept 6, 2018 10:18:36 GMT
Might be quicker just to contact Customer Service or quick chat. Then raise the issue if it is one.
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ashtondav
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Post by ashtondav on Sept 5, 2018 12:48:56 GMT
My Zopa ISA portfolio (£30k) 80/20 Core/Z+ returned £128 gross interest in both July and August (average £95 net). So about 3.8% p.a. net, which I consider acceptable. One thing I've noticed is this; I shoved two large chunks in this year (Core) - £4k followed by £3k. These were allocated £30 and £40 loans as expected and amazingly only one is showing signs of trouble. I just wonder if the algorithms try to allocate higher loans to the less-risky borrowers, irrespective of banding. Yes, I know it's early days. (Ashtondav - I assume you're mainly in Z+). Classic £11,000 Core: £2,000 Plus: £17,000
In the interests of transparency i should also state that the August net interest quoted includes my early adopter bonus of £26 (I started with Z back in 2005!)
Of course, as I have been withdrawing repayments over the last two or more years in favour of the better 6% rates on RS. I have no or minimal exposure to 2018, 2017 and 2016 loans.
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ashtondav
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Post by ashtondav on Sept 4, 2018 23:14:55 GMT
After withdrawing repayments for two years because of higher rates on RS, I am left with £33,000 in Zopa. Net interest in August was £135 - about on target for an annual 5%ish. 10% of the interest was bad debt repayments.
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ashtondav
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Post by ashtondav on Sept 3, 2018 9:54:02 GMT
Well that is wonderful news for all the backers who showed faith in FC's concept and are now likely to multiply their investment many times over. Likewise, the founders who themselves will all doubtless become millionaires overnight (if they aren't already). Perhaps whilst your pondering the thought of whether to pay your mortgages off or have an extra week in Butlins this year, you could spare a thought for the lowly investors that made your dream possible and recompense them for some of the appalling loans you brought to market and which ended going t*ts up after one or two payments. If you're thinking of having a beano for all the employees by way of reward I can suggest two or three hotels in London & Eastbourne which would be more than happy to accommodate your guests on a book now, never pay later arrangement. They come highly recommended..by yourselves in fact. Oh..the irony. Daft comment. FC are no worse than most p2p lenders. And better than most. We've all been shafted by p2p on occasion (been on FS? Collateral? Lendy?), but thankfully weve all made more money than being in a BS (unless you didn't diversify.)
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ashtondav
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Post by ashtondav on Aug 27, 2018 10:58:43 GMT
At the moment...
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