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Post by erniec on Apr 9, 2020 19:18:09 GMT
I would try the RYI again. If you are still in the queue, you won’t be able to complete again. If you’re not then you’ll get a quote but can cancel out and take up your case with RS.
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Post by c4dds on Apr 9, 2020 19:22:09 GMT
I would try the RYI again. If you are still in the queue, you won’t be able to complete again. If you’re not then you’ll get a quote but can cancel out and take up your case with RS. Thanks ive done as you suggested, looks like i have been kicked out the queue as it has let me get a quote which ive cancelled.
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Post by Badly Drawn Stickman on Apr 9, 2020 19:56:12 GMT
They're appear to be making a loss (on this particular loan) so what other conclusion could we come to? Its hard to make any objective comment without more detail, put the details in DDc and maybe it could be given a fair trial. At one point Funding Circle were doing 1.9% loans that were actually costing lenders after fees, but the platform still made something. Obviously the RS model would not have that effect.
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sd2
Member of DD Central
Posts: 621
Likes: 224
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Post by sd2 on Apr 9, 2020 20:33:48 GMT
They're appear to be making a loss (on this particular loan my borrower rate is 3.3%) so what other conclusion could we come to? I used to know someone just like you, who always used the same argument "what else can it be". Sad so sad. Do you see conspiracy everywhere? Whose is the we in this? Why is 3.3% a loss?
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one21
Member of DD Central
Posts: 398
Likes: 265
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Post by one21 on Apr 9, 2020 20:37:20 GMT
They're appear to be making a loss (on this particular loan) so what other conclusion could we come to? Its hard to make any objective comment without more detail, put the details in DDc and maybe it could be given a fair trial. At one point Funding Circle were doing 1.9% loans that were actually costing lenders after fees, but the platform still made something. Obviously the RS model would not have that effect. I suppose if they are competing against other lending platforms it's an accepted business strategy! I wss merely putting it out there to see if others have noticed this phenomenon.
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one21
Member of DD Central
Posts: 398
Likes: 265
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Post by one21 on Apr 9, 2020 20:48:50 GMT
They're appear to be making a loss (on this particular loan my borrower rate is 3.3%) so what other conclusion could we come to? I used to know someone just like you, who always used the same argument "what else can it be". Sad so sad. Do you see conspiracy everywhere? Whose is the we in this? Why is 3.3% a loss? What happened to him? Such a hostile crazy response! Apologies should have been lender rate 3.3 borrower rate 2.9 (APR) Why is 3.3 a loss well 3.3-2.9 = 0.4 minus overheads! "Who is the we in this" I assume we are all lenders here. As I replied to vi I suppose if they are competing against other lending platforms it's an accepted business strategy! I was merely putting it out there to see if others have noticed this phenomenon. I am open to education thats why I'm here! I'm also a 5 figure Lendy lender victim!
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Post by hovisloaf on Apr 10, 2020 4:02:18 GMT
Ref# 376224. 15/03. Access.
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Post by cinereus on Apr 10, 2020 10:38:40 GMT
Very nice new interface update today showing date and time of all RYI. Idea from RS is to make it easier to cancel.
They have also added friction to withdrawals.
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Post by cinereus on Apr 10, 2020 10:52:28 GMT
Being ever helpful, I have just generated the current number so Access 09/04/20 396371 I'm not looking to sell, so cancelled again. Edit time would be 14,20 (ish) What would have been actually useful would be to do one immediately after cancelling to see whether they are reused or not.
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Post by cinereus on Apr 10, 2020 10:52:51 GMT
Mine (none released)
Access 12/03/2020 373761
Access 12/03/2020 374006
Access 13/03/2020 374651
Plus 13/03/2020 374652
1 Year 13/03/2020 374669
1 Year 13/03/2020 374671
1 Year 15/03/2020 375891
1 Year 17/03/2020 380865
1 Year 20/03/2020 385160
5 Year 20/03/2020 385161
5 Year 20/03/2020 385162
1 Year 31/03/2020 392565
1 Year 31/03/2020 392566
1 Year 31/03/2020 392568
1 Year 31/03/2020 392569
5 Year 03/04/2020 394442
5 Year 03/04/2020 394444
5 Year 03/04/2020 394445
1 Year 03/04/2020 394446
1 Year 03/04/2020 394447
5 Year 03/04/2020 394448
5 Year 03/04/2020 394449
5 Year 03/04/2020 394450
5 Year 03/04/2020 394451
5 Year 03/04/2020 394452
5 Year 03/04/2020 394453
5 Year 03/04/2020 394454
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Post by cinereus on Apr 10, 2020 10:54:01 GMT
All we know is over 90% of lenders are continuing to invest and there is a queue they are working there way through. As discussed at length, this is also virtually meaningless.
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Post by Badly Drawn Stickman on Apr 10, 2020 11:20:43 GMT
Being ever helpful, I have just generated the current number so Access 09/04/20 396371 I'm not looking to sell, so cancelled again. Edit time would be 14,20 (ish) What would have been actually useful would be to do one immediately after cancelling to see whether they are reused or not. Oddly that thought wandered through my mind last night. I had half intended to (if I remember) do another one today at roughly the same time as yesterday. If I do I will do a double dip. I'm guessing they don't and that it is an all time running total.
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Post by cinereus on Apr 10, 2020 13:53:46 GMT
Very nice new interface update today showing date and time of all RYI. Idea from RS is to make it easier to cancel. They have also added friction to withdrawals. What do you mean that they have added friction to withdrawals? Precisely that. Now an optional question to answer first.
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alanh
Posts: 556
Likes: 560
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Post by alanh on Apr 10, 2020 13:58:14 GMT
What do you mean that they have added friction to withdrawals? Precisely that. Now an optional question to answer first. So it sounds like it might take an extra 2 seconds to make the withdrawal?
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one21
Member of DD Central
Posts: 398
Likes: 265
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Post by one21 on Apr 11, 2020 9:55:55 GMT
Hi All, I have been looking through some of the borrower details on a few of my loans in access. One in particular has very low APR of 2.9% on 20k my lender rate is 3.3%! At this rate a borrower could reinvest the funds on the plaform and thus make a profit without needing original capital. Am I just naive or is this acceptable practice and thus a frequent occurrence? [llbr] Edit correction to figures I think I may have an answer to my own query. It occurred to me that this particular loan could be to an employee. I've heard that Banks and Building Societies provide similar benefits to their employees.
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