p2pmark
Member of DD Central
Posts: 217
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Post by p2pmark on Jul 30, 2019 7:21:48 GMT
As long as you don't withdraw it, you'll still get your bonus.
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on Jul 1, 2019 18:05:28 GMT
... The article is disappointing as it poorly researched and includes a number of factual inaccuracies. For example, it states we have facilitated £88m of loans, when in fact the number is £92m. It also claims 18 loans are non-performing, whereas in fact there are 5 non-performing projects. ... ... And using the term 'non-performing' to include defaults is technically accurate as defaulted loans don't perform - I'm not sure the average reader would want a long explanation of the difference anyway. ... The Sunday times article states: "The company’s website showed that in June alone it posted 14 default notices on loan deals, and had a further 18 non-performing investments." I see no way in which that can be considered an accurate statement.
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on Jun 30, 2019 13:38:17 GMT
I don't know how these things work, but is it possible to force them to print a correction / retraction? Yes. www.ipso.co.uk/complain/Seems like MoneyThing would have a good case regarding the number of loans that are non-performing as this is a clear error by the Sunday Times which is relevant to the article. MoneyThing could also complain that the reason for "locking out" the journalist was not set out accurately (or at least comprehensively). But that is more subjective so IPSO, which is funded by newspapers and magazines, may ignore that.
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on Jun 18, 2019 15:13:27 GMT
There's another update on the site. Mildly encouraging.
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on Jun 8, 2019 19:19:59 GMT
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on Jun 6, 2019 19:54:07 GMT
To be fair it’s just over 5 months. Hopefully they’ll update end this month. If it was last updated on new years eve and today is the 6th of June. How is that 5 months ? ... Can I politely request that you think a little more and post a little less?
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on Jun 4, 2019 10:06:03 GMT
What if you already have > 10% of assets in P2P. Does that mean no more? From the full document: "Investors can re-classify as sophisticated investors (thereby removing the 10% investment limit) when they have more experience." 2Footnote 2: "Our rules allow for such investors to re-classify as sophisticated investors (removing the 10% investment limit) if they have made two or more P2P investments in the past two years." The cap seems to be applicable to new(ish) investors only. No idea how it will be enforced - maybe self-declaration.
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on Jun 4, 2019 8:10:03 GMT
Would be good to be able to edit a bid without cancelling it first (through a completely different bit of the UI).
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on Jun 3, 2019 20:36:12 GMT
I have asked this several times but received no comment back. On the SM I want to be able to enter the total I want to invest (including the interest) rather than currently guessing the amount until the total is correct. This is nightmare when it comes to calculations because of the way the system is coded, but this will be a feature on the new secondary market <iframe width="31.039999999999964" height="5.180000000000007" style="position: absolute; width: 31.04px; height: 5.18px; z-index: -9999; border-style: none; left: 14px; top: -5px;" id="MoatPxIOPT0_31428086" scrolling="no"></iframe> <iframe width="31.039999999999964" height="5.180000000000007" style="position: absolute; width: 31.04px; height: 5.18px; z-index: -9999; border-style: none; left: 1485px; top: -5px;" id="MoatPxIOPT0_68446932" scrolling="no"></iframe> <iframe width="31.039999999999964" height="5.180000000000007" style="position: absolute; width: 31.04px; height: 5.18px; z-index: -9999; border-style: none; left: 14px; top: 198px;" id="MoatPxIOPT0_1278209" scrolling="no"></iframe> <iframe width="31.039999999999964" height="5.180000000000007" style="position: absolute; width: 31.04px; height: 5.18px; z-index: -9999; border-style: none; left: 1485px; top: 198px;" id="MoatPxIOPT0_55421878" scrolling="no"></iframe> Maybe have something on screen that immediately tells you how much it will cost while your entering how much capital you want to buy?
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on Jun 3, 2019 18:26:53 GMT
For those that haven't seen there's a new (in my view encouraging) update in the admin notes.
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on Jun 3, 2019 8:26:13 GMT
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on Jun 3, 2019 8:08:50 GMT
Funding Secure's accounts indicate they are in a better position than most seem to think (although admittedly, this does date back to 2018). Interesting to see the provision for unrecoverable fees on borrowers' loans (note 7).
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on May 31, 2019 10:10:43 GMT
Me - as I can't get my deposit credited quickly enough to buy! Just in time to get some more pawn - electronics all gone unfortunately You're not concerned about their £5m debt?
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on May 27, 2019 20:28:49 GMT
why isn't buy back allowed in UK? If you don't mind me asking. I believe it is because the platform is not allowed to have interest in the loans. That's why there isn't any platform here providing buy back. With Mintos, it's simple. I only buy buy-back loans. I know if the borrower can't pay back the company has obligation to pay me back if it's more than 2 months late. It forces the various loan providers to be much more cautious about their loans, or even take themselves loans/bonds to be able to service bad loans! Give me such a better peace of mind! At Mintos, the buyback is from the loan provider, not the platform. So you're basically lending to the loan provider rather than the borrower - not sure it's (much?) less risky, although it does help with DD as there are fewer firms to research. Are you sure loan buybacks aren't allowed in the UK? I appreciate the platform wouldn't be able to, but I'm not aware of anything stopping a platform hosting a loan provider which did.
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on May 19, 2019 7:08:54 GMT
If you look at all active and past loans, it becomes a bit clearer:
- The original tranche and tranche 3 are still live but can't be listed on the SM as it's within 30 days of the Expected end date - The latest tranche 2 (7175359695, not 2580005339 - FS listed the older ID) is live with about 50 days to go but isn't listed on the SM. I find this surprising but it is a very small loan
Hope this is helpful.
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