morris
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Post by morris on Jan 19, 2017 8:40:46 GMT
I decided to bite and invest £5k, not just because of the bonus, but because of confidence brought about by full FCA authorisation and a growing loan book.
However, Lending Works say that to mitigate risk money is lent to various borrowers in chunks. Except my £5k has gone into one loan chunk!! I am very unhappy about this.
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morris
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Post by morris on Jan 17, 2017 17:37:00 GMT
This would suggest that they are not yet ready to introduce the IFISA despite having said it would go ahead in January.
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morris
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Post by morris on Dec 15, 2016 21:45:56 GMT
Loan now withdrawn.
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morris
Member of DD Central
Posts: 261
Likes: 149
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Post by morris on Nov 3, 2016 7:05:36 GMT
It's out for funding on FS.
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morris
Member of DD Central
Posts: 261
Likes: 149
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Funding Circle (FC)
FC losses
Oct 13, 2016 11:47:28 GMT
Post by morris on Oct 13, 2016 11:47:28 GMT
My summary page shows losses of £91.76, and net earnings of £110.08. Is this to be expected? Losses are coming in thick and fast now. What happens when my losses exceed my earnings, will FC refer me to their debt collectors?
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morris
Member of DD Central
Posts: 261
Likes: 149
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Post by morris on Oct 13, 2016 10:29:00 GMT
email says thet are planning to launch their ISA in January!
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morris
Member of DD Central
Posts: 261
Likes: 149
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Post by morris on Mar 14, 2016 8:06:53 GMT
I have just started moving money into the monthly market as repayments come in from longer markets, so that it is available to re-invest in IFISA from 6 April. If others are also doing this will it distort he market?
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morris
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Post by morris on Dec 29, 2015 16:22:21 GMT
Mine has also gone to unmatched. Would be nice to get notification from them.
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morris
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Likes: 149
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Post by morris on Dec 24, 2015 17:10:56 GMT
As I said on another thread, I had money waiting to be matched at 5.2, and had to increase it to 5.6% before it was matched. I have known this happen before. The loan still has still not been formed.
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morris
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Post by morris on Dec 24, 2015 8:20:51 GMT
I had money in the 3 year market at 5.2, no takers. Moved it up to 5.6 and it was taken instantly.
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morris
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Likes: 149
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Post by morris on Aug 12, 2015 5:31:20 GMT
Yesterday I had some money in the 3 year market at 5.4%. A borrower comes along at 5.6% and doesn't take my money. I altered my desired rate UP to 5.6 and it is instantly taken. Why do I have to monitor the market and move the rate up before it is accepted.
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