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Post by Ace on Nov 28, 2020 16:52:58 GMT
My full amount RYI will happen soon. I have my cumulative (flexible) ISA envelope with Ratesetter and want to return funds to it 5th/6th April 2021 to keep it. Provided I simply deposit the funds back into 'holding' in my ISA account for the 5th/6th April 2021 overnight stay and do not invest, do you think my money will be safe? What risks do I have in doing this? Yes, the cash in your holding account should be safe. From the RS Ts&Cs:
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Post by shakenbake on Dec 2, 2020 12:10:17 GMT
Hi,
RYI 379316, requested 17/3, was paid this morning. (Should have been a few days ago, but was a system issue at RS, now resolved).
I still have a RYI pending from 19/3, which stands at 14k, but thanks for all involved on this forum - has helped put my mind at ease a little to see others in the same boat!
-Shakenbake
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Post by p2pinvestor1 on Dec 5, 2020 23:14:26 GMT
So my RYI from 18/03/2020 was repaid today (05/12/2020). I thought I would come here and update.
I checked a few days ago and still had 900 odd requests in front of me so was surprised to see that it was released today.
I haven't been active too much on the forum as I have been busy with work as the lockdown eased.
I have noticed that the RYI have been moving very quickly since the Metro acquisition.
Has there been any discussions on the forum as to why the RYIs are moving so fast now? As far as I knew Metro wasn't planning to inject money into the loan book held by the private investors.
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Post by p2plender on Dec 5, 2020 23:18:18 GMT
Have to confess I thought it would go the other way after the Metro acquisition. Maybe those that got in early were very big hitters and now the RYIs are smallfry?
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Post by p2plender on Dec 6, 2020 1:30:17 GMT
Huge jump of around 500 in access...
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Post by Harland Kearney on Dec 6, 2020 2:50:20 GMT
Have to confess I thought it would go the other way after the Metro acquisition. Maybe those that got in early were very big hitters and now the RYIs are smallfry? Although not invested in RS, it would make sense that things have speed up as the country has partially reopened, forebarance fogiveness becoming more strict & out look is more postive for loan repayments. There is defo a argument for the fact that smart money attepted to exit first which caused the queue in the first place, and generally smart money is big money.
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Post by mendip on Dec 6, 2020 8:34:35 GMT
Huge jump of around 500 in access... Same here, 9720 qif now
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Post by David B on Dec 6, 2020 11:22:37 GMT
David B 18/03/2020 381871 Access released today 06/12/2020 at 10.59am. Thanks to everyone on this forum its been much less of a worry when you information. A special thank you to Star Dust who has worked so hard keeping the information up to date for us.
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Post by beardedwonder on Dec 6, 2020 18:17:53 GMT
381044 released today.
Amazing acceleration. I thought I wouldn't get this back till well into 2021, but there you are....
And thanks again to the people on this forum. Has helped so much to get others' insight and the tracking has been amazing.
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Post by cedarrophie on Dec 7, 2020 14:47:02 GMT
My request has just released, it was made on the 19/03/2020 at 00:05 (382386) some quick progress being made over the past couple of weeks!
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Post by tonybr on Dec 7, 2020 22:28:01 GMT
382322 & 382323 repaid today. I'd like to add my thanks for taking the time to maintain this list, it was greatly appreciated
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Post by mla on Dec 10, 2020 10:23:02 GMT
mla
19/03/2020
382694
Access
Received email request paid out on 10/12/2020 10:14am. Thanks for keeping track.
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Post by vidusi on Dec 10, 2020 18:30:09 GMT
9th July 414173 £50k Max
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Post by p2plender on Dec 11, 2020 12:32:28 GMT
Money repaid today.
Sad really how it had to end RS. Over 150k in interest since 2011 giving me 6%+ per year all the while banks were giving nothing. All going in to Plenti now and probably my last post here so thanks to all who have contributed and a special thanks to Westonkev from the early days of RS. His contributions were reassuring and invaluable. Good luck to those still waiting, I think you'll be alright.
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aju
Member of DD Central
Posts: 3,496
Likes: 923
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Post by aju on Dec 11, 2020 12:54:13 GMT
Money repaid today. Sad really how it had to end RS. Over 150k in interest since 2011 giving me 6%+ per year all the while banks were giving nothing. All going in to Plenti now and probably my last post here so thanks to all who have contributed and a special thanks to Westonkev from the early days of RS. His contributions were reassuring and invaluable. Good luck to those still waiting, I think you'll be alright. I agree on the sad demise of RS as a P2P player. Did I understand correctly - just a rough fag pkt guess of course - you had ~200k at these rates for 9 years? Not bad indeed. Still waiting to see our final position with Zopa since 2006 and RS for nearly 3 years but I'm not sure we'll beat that overall return by a long way - nearer 3-4% I think despite having RS rates in 5-6% for most of our time as we did use RS the way it was meant to be but took a small hit by selling off 5Y and 1Y as we could. We were a bit late to the game though didn't start selling til early May so Access is still waiting although we are now down to last £1000 that should be releasing >50% of that by the 18th with some <£10 in 5Y still running and will leave these as markers. (Stet: The loan cleared a week earlier than expected as I was writing this in fact!)Zopa is a very different kettle though - we are still very much up but with the increased defaults/deferred loans at present it might be a close run thing. We have sold off what we could and took a 4-5% hit from the Market rate adjustments but I think we will still be ok. In our case we are giving p2p a wide birth for a while and over the last few months have pushed funds into fscs but we have some rates up at 2.5% on quite considerable sums so we are doing adequate considering the state of the market.
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