aju
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Post by aju on May 8, 2020 14:38:39 GMT
My release request is 373786 from the 12/03/2020 so hopefully it will hit any day. How do I turn off the reinvest settings - tried but cant get it to work? Currently set at 8% but want to ensure the money isn't lent back out? Thanks for your help in advance. You're right that unfortunately you can't turn off re-investment properly. It's not impossible rates should get that high, but it's most likely that setting it to 8% should give you plenty of opportunity to cancel and withdraw. Just to be clear, though, as I understand it this isn't an issue for queued withdrawals. These are already set as withdrawals so will go into your holding account; that is, they're not repayments which would be re-invested automatically. Someone who has had their money returned can correct me if I'm wrong, though. Hope that helps! Edit: crossed with aju I'm not sure that bit about relending for queue stuff is correct. I had quite a bit appear yesterday that got relent and have quite a bit queued - I did keep back 200 or so in the 1Y in ISA's in case I wanted to come back at later date but ended up with £96 returned none of the loans have started selling they are all queued and probably will be for a couple of months yet. None have actually completed this month either so as I say I would be careful this is not the case. I'm happy to be wrong though. I'm off to see if I can check. Since I held back on £200 or so would I be correct in assuming that the selling queues work on LIFO, or in english last lent first sold.
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chris1200
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Post by chris1200 on May 8, 2020 14:41:03 GMT
You're right that unfortunately you can't turn off re-investment properly. It's not impossible rates should get that high, but it's most likely that setting it to 8% should give you plenty of opportunity to cancel and withdraw. Just to be clear, though, as I understand it this isn't an issue for queued withdrawals. These are already set as withdrawals so will go into your holding account; that is, they're not repayments which would be re-invested automatically. Someone who has had their money returned can correct me if I'm wrong, though. Hope that helps! Edit: crossed with aju I'm not sure that bit about relending for queue stuff is correct. I had quite a bit appear yesterday that got relent and have quite a bit queued - I did keep back 200 or so in the 1Y in ISA's in case I wanted to come back at later date but ended up with £96 returned none of the loans have started selling they are all queued and probably will be for a couple of months yet. None have actually completed this month either so as I say I would be careful this is not the case. I'm happy to be wrong though. I'm off to see if I can check. Since I held back on £200 or so would I be correct in assuming that the selling queues work on LIFO, or in english last lent first sold. I'm not saying that money in the queue isn't reinvested if part of it is repaid. I'm saying that money that reaches the end of the queue isn't. Presumably this is dennispj 's concern given position in the queue.
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Post by peertopier on May 8, 2020 14:49:03 GMT
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aju
Member of DD Central
Posts: 3,496
Likes: 923
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Post by aju on May 8, 2020 14:54:19 GMT
I'm not sure that bit about relending for queue stuff is correct. I had quite a bit appear yesterday that got relent and have quite a bit queued - I did keep back 200 or so in the 1Y in ISA's in case I wanted to come back at later date but ended up with £96 returned none of the loans have started selling they are all queued and probably will be for a couple of months yet. None have actually completed this month either so as I say I would be careful this is not the case. I'm happy to be wrong though. I'm off to see if I can check. Since I held back on £200 or so would I be correct in assuming that the selling queues work on LIFO, or in english last lent first sold. I'm not saying that money in the queue isn't reinvested if part of it is repaid. I'm saying that money that reaches the end of the queue isn't. Presumably this is dennispj 's concern given position in the queue. It was money that was returned after the loan completed and it went straight back into relending so you are probably right. I accept that if a loan that is in the sale queue is returned before it actually reaches the sold stage then I would expect it to be relent this is what happened to me. Just out of interest are there two stages perhaps "Queueing" and "Selling" - I don't know as its my first time in the selling process on RS. On Zopa relend is turned off - well it is on my account. RS is little less obvious.
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Post by cinereus on May 11, 2020 13:02:45 GMT
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Post by freefalljunkie on May 11, 2020 13:13:22 GMT
Thanks for replying. Guess there are some big requests in those 21 entries then. Finally released: Access373761 Requested
2020-03-12 12:56 Paid
2020-05-11 13:45 So, what is that, 4 working days to get through 21 Access requests? Seriously hope that isn't the shape of things to come. Either some huge RYIs in that lot or the Access releases have all but ground to a halt.
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Post by markimus on May 11, 2020 13:30:57 GMT
Finally released: Access373761 Requested
2020-03-12 12:56 Paid
2020-05-11 13:45 So, what is that, 4 working days to get through 21 Access requests? Seriously hope that isn't the shape of things to come. Either some huge RYIs in that lot or the Access releases have all but ground to a halt. Friday was a bank holiday and the previous was at 6:45pm on the 5th so around 2.5 days. Still not great, but it is what it is.
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kobe
New Member
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Post by kobe on May 11, 2020 13:48:46 GMT
378298 1 Year, requested 16th March - system showed "processing" since evening of 6th May, paid up into holding account around 1pm on 11th May, recognise there was a bank holiday and the weekend.
waiting on
378299 Plus, 16th March 378329 Max, 16th March 380530 5 Year, 17th March
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Post by danny101 on May 11, 2020 14:38:18 GMT
Finally released: Access373761 Requested
2020-03-12 12:56 Paid
2020-05-11 13:45 So, what is that, 4 working days to get through 21 Access requests? Seriously hope that isn't the shape of things to come. Either some huge RYIs in that lot or the Access releases have all but ground to a halt.
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Post by danny101 on May 11, 2020 14:40:42 GMT
Hi, 10 requests a day seems correct at the moment. I have a request from the 13th March which is +900 from your recently released request. I, ve been told it will be over 3 months from now which is 90 days....10 requests a day unless it slows further, which is highly likely to happen
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Post by freefalljunkie on May 11, 2020 14:53:21 GMT
Hi, 10 requests a day seems correct at the moment. I have a request from the 13th March which is +900 from your recently released request. I, ve been told it will be over 3 months from now which is 90 days....10 requests a day unless it slows further, which is highly likely to happen
My back of fag packet calculation suggests that at that rate it would take 77 weeks to get to my Access request made around mid day on the 16th, and people who made requests later in March could be waiting literally years. What an absolute mess.
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Post by gar on May 11, 2020 15:40:29 GMT
Finally released: Access373761 Requested
2020-03-12 12:56 Paid
2020-05-11 13:45 So, what is that, 4 working days to get through 21 Access requests? Seriously hope that isn't the shape of things to come. Either some huge RYIs in that lot or the Access releases have all but ground to a halt. Phew, im nearly 5 thousand places behind you on the 16th March, I will do the 21 Access requests in 4 days calculation later for an indication, Im very much concerned the way this is panning out. No more internet investing for me, its going to go under the bed in future.
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Post by cinereus on May 11, 2020 16:08:23 GMT
Hi, 10 requests a day seems correct at the moment. I have a request from the 13th March which is +900 from your recently released request. I, ve been told it will be over 3 months from now which is 90 days....10 requests a day unless it slows further, which is highly likely to happen It doesn't seem the rate by volume has slowed much though. I'm pretty sure the requests/day rate has been faster than that so far.
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Post by cinereus on May 11, 2020 16:09:17 GMT
Either way I have RYIs nearing the top of the queue in Access, 1 Year and 5 Year I can hopefully report on soon.
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Post by erniec on May 11, 2020 17:01:22 GMT
Either way I have RYIs nearing the top of the queue in Access, 1 Year and 5 Year I can hopefully report on soon. The Holy Trinity of RYIs.
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