TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Funding Circle (FC)
Loan 17120
Nov 9, 2015 13:43:35 GMT
Post by TitoPuente on Nov 9, 2015 13:43:35 GMT
I personally would absolutely not lend unsecured at 8.5% after fees. The particulars of the loan are irrelevant.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Nov 9, 2015 9:13:52 GMT
Harley St 1 (17048, £440k A+, 8%+1%CB) could be a candidate for a CB upgrade today / tomorrow. It's only 73% filled with 2 days 6 hours left (£117k still needed) and Autobidding is starting to tail off; last night's run added around £40k and it has only 2 more nights to go. That said, it won't flip well even if it does get 2%CB (likely 5+ tranches still to come) so getting the later tranches away could be a serious headache. [Actually, Henley 2 (17043, £375k A+ 24 months, 8%+2%CB) is looking a bit sick too. It's 82% filled with the same time to go, but further Autobidding is now pretty minimal so it largely will be reliant on manual bidders to fill. One has to wonder how the remaining £1.35m that this scheme needs will be raised ...] Time for a 3% CB.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Nov 6, 2015 12:35:46 GMT
This subject may have been discussed somewhere else in the forum. If that's the case, apologies. I would like to understand what is the status of the cars during the length of the loan. Are these cars on the road? With the dealer? With MT? Are they for sale? What happens if the car is crashed/destroyed? I assume that the cars are insured. Who is the insurance beneficiary? What is the value insured?
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Nov 3, 2015 22:08:25 GMT
Get a reloading browser extension, e.g. refresh monkey Correct me if I'm wrong but Refresh Monkey will insist on reloading the page at the same interval as already chosen for other pages. As I'm already running RM, this would force me to refresh the SS page far more frequently than is necessary. I don't want to bother the SS servers so much. Refresh Monkey on Chrome will let you have a different interval for each tab.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Oct 29, 2015 16:09:27 GMT
I am no expert at all, but I can grasp that there is a breed of people that have gone through that many times. They don't give a sh*t. They consider the process you describe as part of the business. They have all their assets protected by different mechanisms that make any execution very difficult and costly for the creditor. They are not like you an me. Unfortunately it is hard to spot them with the information given by FC. Just my twopence.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Oct 26, 2015 15:48:52 GMT
Any idea on timing of these new loans going live? 2-3 days? a week?
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Ablrate (ABL) in Administration
So?
Oct 26, 2015 11:02:45 GMT
Post by TitoPuente on Oct 26, 2015 11:02:45 GMT
I am an FC deserter that opened and funded an account more than two weeks ago. I cannot avoid expressing a bit of disappointment at this point. I am about to withdraw my funds unless there is any indication of when AR will jump-start the deal flow. It's business, not personal.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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MoneyThing (MT) in Administration
Pre-fund?
Oct 26, 2015 10:54:38 GMT
Post by TitoPuente on Oct 26, 2015 10:54:38 GMT
Ok. Thanks. I interpreted the language as some type of fund allocation option before the loan goes live.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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MoneyThing (MT) in Administration
Pre-fund?
Oct 26, 2015 10:41:14 GMT
Post by TitoPuente on Oct 26, 2015 10:41:14 GMT
One additional question: I notice the legend "If you wish to allocate your funds to this loan please click the Invest Now button" at the bottom of the pending loan loan details. Is this option not yet implemented?
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Funding Circle (FC)
E-Alert!
Oct 22, 2015 13:12:10 GMT
Post by TitoPuente on Oct 22, 2015 13:12:10 GMT
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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MoneyThing (MT) in Administration
Pre-fund?
Oct 22, 2015 12:12:31 GMT
Investboy likes this
Post by TitoPuente on Oct 22, 2015 12:12:31 GMT
I am new to MT. I understand that there is no secondary market so the only way to get invested is to wait for a new loan to go live, am I right? How does the primary market work? Is there a way to pre-fund a loan? Thanks. No pre-funding. Just bid once the loan goes live. The SM is being built now by Shuang and should be live by end of Nov. It will operate much as SS's does (only better, given it's built by Shuang!) Thanks Stevet. Do loans usually fill up in seconds? Should I be refreshing the browser every half a minute at around 4pm?
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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MoneyThing (MT) in Administration
Pre-fund?
Oct 22, 2015 12:07:12 GMT
Post by TitoPuente on Oct 22, 2015 12:07:12 GMT
I am new to MT. I understand that there is no secondary market so the only way to get invested is to wait for a new loan to go live, am I right? How does the primary market work? Is there a way to pre-fund a loan? Thanks.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Oct 19, 2015 17:12:09 GMT
16434 got over the line with 260 bids at £20 by FC themselves. I wonder how quickly they'll sell on the SM!? They've previously said they hold parts that they purchase under these circumstances, but if that's the case I would have expected them to simply buy it all in one chunk. Maybe they're covering the options. Isn't a different entity now? I have no doubt that they will put all those parts in the SM as soon as the loan draws down. It is the lever that they needed to solve the problem of loan mispricing that did not exist with auctions.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Funding Circle (FC)
E-Alert!
Oct 14, 2015 18:01:04 GMT
Post by TitoPuente on Oct 14, 2015 18:01:04 GMT
Could this limbo status be pre-agreement?
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Funding Circle (FC)
E-Alert!
Oct 14, 2015 13:19:25 GMT
Post by TitoPuente on Oct 14, 2015 13:19:25 GMT
bloody hell.......... only went to make beans on toast edit: it did work though, I managed to get two bits Lunch is for wimps.
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