geoff
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Post by geoff on Feb 1, 2015 17:48:43 GMT
Yes but where is this money coming from? No drawdown = no loan, so do Savingstream have to pay this themselves which would be difficult if it kept occurring? This is my concern also. According to my calculations, SS currently have an interest and cashback liability of close to £72,000 due to investors on loans yet to drawdown. Is it feasible that borrowers contract to bear this cost, perhaps as a consequence of a loan offer remaining open beyond a certain timescale? Unless this is somehow factored into borrowers costs, it is coming out of SS profits. That's got to hurt!
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geoff
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Post by geoff on Sept 24, 2014 21:09:01 GMT
The valuation document states a value of between 4.5m and 5m Euros which currently converts to between approximately 3.5m and 3.9m Pounds Sterling. The loan page shows a value of 4.66m Pounds Sterling. Anyone else spotted this?
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geoff
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Post by geoff on Aug 31, 2014 14:40:03 GMT
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geoff
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Lendy (L) in Administration
suggestion
Aug 31, 2014 14:37:46 GMT
Post by geoff on Aug 31, 2014 14:37:46 GMT
Can we have the loans with parts available to buy at the top of the loans list please? Why? It's easy enough to identify these loans with the present system of highlighting, particularly as it's only one page. In my opinion the current format of chronological order is the right one.
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geoff
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Post by geoff on Aug 9, 2014 13:01:15 GMT
Would you buy loan parts on the secondary market for a loan in default if you know this to be the case?
I'm referring to the Bourne 43 and the recent activity showing for this month. SS posted here of the default situation on 31st July, but of course not all investors subscribe to this forum.
If a loan is officially in default, shouldn't that fact be put on the loan details page? Should investors in a loan in default even be permitted to offer those loan parts for sale? FC for one does not allow this.
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geoff
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Post by geoff on Jul 1, 2014 17:46:29 GMT
Would be nice if all investors did get an equal chance. But when it gets snapped up within minutes of going live there's not much chance of that. Seems very unfair to me, but then I guess we all have our different opinions as to what constitutes fairness. I agree that fairness is a subjective concept. From where I stand however, I think that SS have tried to make the platform as fair as possible to everyone, particularly now with the introduction of instant deposit and investment cap. Surely the platform should offer a level playing field and not favour one investor over another. I'm a new poster to this board but have been a SS investor for some time. I personally find it encouraging and an indication of investor confidence in the platform when loans get snapped up quickly.
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geoff
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Post by geoff on Jul 1, 2014 16:58:27 GMT
Unfortunately no, we will be repaying all existing investors capital plus interest and opening the loan up as a new loan with a investment cap of 2% (£500). Shame that Saving Stream didn't show any loyalty to existing investors over this loan. Especially with the loyalty shown by investors when SS were going through the photographs and testimonials fiasco. I don't think it's a question of loyalty at all. SS have previously stated elsewhere on this board that their policy would be to treat a loan renewal as a new loan to give all investors an equal chance to buy into it. Seems very fair to me.
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