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Post by freefalljunkie on Dec 15, 2020 10:31:47 GMT
Yup, very odd. 'technical work on the loan settlement process' . does that mean? Usual lack of clarity in RS communications. However if the property loan book has been sold, as looks quite likely, then it could be good news for speeding up the RYI process.
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bt
Sir Bufton Tufton, Jean Paul Sartre Zippy, Bungle, Jeffrey Archer Andre Previn and the LSO Hello
Posts: 129
Likes: 53
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Post by bt on Dec 15, 2020 10:37:16 GMT
My queue position actually went up by one yesterday.
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
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Post by beagle on Dec 15, 2020 11:25:58 GMT
Anyone else find it odd that Ratesetter have announced this on this forum, but not in an email to all (RYI) investors, or via a notice on the web site ? Yes. Very odd not really odd to me
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Post by herringbone on Dec 15, 2020 14:29:36 GMT
Not odd to me either. RS have been providing a weekly RYI email update, presumably we'll get this week's on Friday as usual.
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Post by greenstar on Dec 15, 2020 17:18:31 GMT
Not odd to me - a technical update to improve performance is welcome (particularly as I'm currently QIF over 9,000).
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
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Post by beagle on Dec 15, 2020 18:07:47 GMT
Almost as if they don't want people to know what they're up to but are putting it somewhere so that they can say they were transparent. im not sure if they care or not. as long as it works.
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bt
Sir Bufton Tufton, Jean Paul Sartre Zippy, Bungle, Jeffrey Archer Andre Previn and the LSO Hello
Posts: 129
Likes: 53
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Post by bt on Dec 16, 2020 8:50:57 GMT
My queue position actually went up by one yesterday. And back down one again today 😅
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
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Post by beagle on Dec 16, 2020 23:15:08 GMT
My queue position actually went up by one yesterday. And back down one again today 😅 probably moved forward now
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Post by Ace on Dec 16, 2020 23:35:11 GMT
And back down one again today 😅 probably moved forward now Currently £12m waiting in Access to be lent at 3% or lower. That should allow them to speed up the RYIs a tad. Also £12m in 5 year and £9m in 1 year.
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Post by Deleted on Dec 17, 2020 1:28:05 GMT
probably moved forward now Currently £12m waiting in Access to be lent at 3% or lower. That should allow them to speed up the RYIs a tad. Also £12m in 5 year and £9m in 1 year. Over 60m now
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Post by Si on Dec 17, 2020 6:53:31 GMT
already posted elsewhere
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Post by Ace on Dec 17, 2020 8:13:18 GMT
Currently £12m waiting in Access to be lent at 3% or lower. That should allow them to speed up the RYIs a tad. Also £12m in 5 year and £9m in 1 year. Over 60m now Now £90m in A/P/M and £29m in 1 year.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,033
Likes: 1,857
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Post by littleoldlady on Dec 17, 2020 8:33:24 GMT
The amount at 8% is almost exactly 10% of the amount at 3%. I assume that means that only 10% of lenders (weighted by amount) have set their required rate to the max to avoid automatic reinvestment. Either an astonishing sign of faith in the platform or a shocking lack of attention.
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Post by greenstar on Dec 17, 2020 10:23:07 GMT
The amount at 8% is almost exactly 10% of the amount at 3%. I assume that means that only 10% of lenders (weighted by amount) have set their required rate to the max to avoid automatic reinvestment. Either an astonishing sign of faith in the platform or a shocking lack of attention. My guess is lack of attention and that most investors set things up on easy-to-access P2P sites then stand-off and let things run their course on automatic. I was guilty of that for years and did very well out of RS and Zopa - until Covid came along and threw a big spanner in the works. Since then it's been a steep learning curve guided mainly by this forum so I now feel back in control, at least to the extent I can be. Had a nice surprise of £1500 today when somebody's loan finished so I've now had 86% of my invested money back from RS & Zopa. Now pulling out of investing due to age and putting my money where it is safe, guaranteed access and fully (hopefully!) under my control. Thanks to littleoldlady and others for their considered views which I find very helpful and reduce my stress level.
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ceejay
Posts: 972
Likes: 1,149
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Post by ceejay on Dec 17, 2020 10:33:00 GMT
The amount at 8% is almost exactly 10% of the amount at 3%. I assume that means that only 10% of lenders (weighted by amount) have set their required rate to the max to avoid automatic reinvestment. Either an astonishing sign of faith in the platform or a shocking lack of attention. Well, I guess we all assume it's the latter ... but, you know, without the inattentive 90% where do we think all those RYIs would have come from over the last nine months?
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