hazellend
Member of DD Central
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Post by hazellend on Apr 9, 2018 19:11:22 GMT
OK,no-one is buying on the SM ( ALMOST no-one ) and hardly anyone is buying new loans. Its all STUCK ....SO Moneything its time for you to reconsider your SM....it ,like Lendy's does NOT work in these times. SO,please consider a REAL SM..its not difficult ..just study Ablrate ....it works, its liquid, people can EXIT when they want.Obviously not always at the price they want BUT,they can exit.Clearly non-performing loans are not allowed on the SM...they could be but lets not push it. PLEASE give this some consideration .Many Thanks I think non performing loans should be traded as long as they are clearly marked. I’m happy enough to buy a defaulted loan at significant discount if I like the security.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Apr 9, 2018 20:21:32 GMT
OK,no-one is buying on the SM ( ALMOST no-one ) and hardly anyone is buying new loans. Its all STUCK ....SO Moneything its time for you to reconsider your SM....it ,like Lendy's does NOT work in these times. SO,please consider a REAL SM..its not difficult ..just study Ablrate ....it works, its liquid, people can EXIT when they want.Obviously not always at the price they want BUT,they can exit.Clearly non-performing loans are not allowed on the SM...they could be but lets not push it. PLEASE give this some consideration .Many Thanks I think non performing loans should be traded as long as they are clearly marked. I’m happy enough to buy a defaulted loan at significant discount if I like the security. And get no loss relief? Because if you purchase a loan in legal recovery HMRC rules dont permit claims as it has a value through purchase.
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hazellend
Member of DD Central
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Post by hazellend on Apr 9, 2018 20:48:51 GMT
I think non performing loans should be traded as long as they are clearly marked. I’m happy enough to buy a defaulted loan at significant discount if I like the security. And get no loss relief? Because if you purchase a loan in legal recovery HMRC rules dont permit claims as it has a value through purchase. Great info, good to know
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Post by GSV3MIaC on Apr 10, 2018 10:27:31 GMT
Not even the loss of your purchase value if it turns out to be worthless? ( I can see why you could not claim against the original value)
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Post by mike1963 on Apr 12, 2018 16:46:52 GMT
What's on the SM?...answer...Quite a lot! I just checked and the amount queued now stands at £4,332,474.00. Of the 10 biggest loans on offer by value (totalling £3,575,733), only £800 has moved today. Whether this market paralysis down to the change in T&C's?..Or sudden lack of confidence due to rising defaults?..I don't know. What I do know is, I have more confidence in a Platform that has a functioning Secondary Market. It would be good to know what SophieThing and the other Things think. Is it a concern and are there any plans for future changes?
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hazellend
Member of DD Central
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Post by hazellend on Apr 12, 2018 17:35:50 GMT
my theory is that the P2P community is pretty much fully invested and we need some big repayments to get the hands in pockets again.
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Post by eascogo on Apr 12, 2018 19:46:21 GMT
What's on the SM?...answer...Quite a lot! I just checked and the amount queued now stands at £4,332,474.00. Of the 10 biggest loans on offer by value (totalling £3,575,733), only £800 has moved today. Whether this market paralysis down to the change in T&C's?..Or sudden lack of confidence due to rising defaults?..I don't know. What I do know is, I have more confidence in a Platform that has a functioning Secondary Market. It would be good to know what SophieThing and the other Things think. Is it a concern and are there any plans for future changes? Defaults, the ill-thought introduction of new T&C, COL's seizure must all have contributed to stagnation. The absence of new loans since early March is not encouraging. Repayments, some decent new loan offers and good communications are needed to stir up activity.
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niceguy37
Member of DD Central
Posts: 504
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Post by niceguy37 on Apr 13, 2018 8:07:33 GMT
What's on the SM?...answer...Quite a lot! I just checked and the amount queued now stands at £4,332,474.00. Of the 10 biggest loans on offer by value (totalling £3,575,733), only £800 has moved today. Whether this market paralysis down to the change in T&C's?..Or sudden lack of confidence due to rising defaults?..I don't know. What I do know is, I have more confidence in a Platform that has a functioning Secondary Market. It would be good to know what SophieThing and the other Things think. Is it a concern and are there any plans for future changes? Defaults, the ill-thought introduction of new T&C, COL's seizure must all have contributed to stagnation. The absence of new loans since early March is not encouraging. Repayments, some decent new loan offers and good communications are needed to stir up activity. Or getting the IFISA launched. For a tax-payer it's hard for MT to offer the same returns as IFISA's on other platforms.
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Post by Ace on Apr 15, 2018 7:15:44 GMT
There are a few new short dated scraps available on the SM this morning.
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archie
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Post by archie on Apr 15, 2018 7:21:56 GMT
There are a few new short dated scraps available on the SM this morning. Not all were short dated.
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Post by Ace on Apr 15, 2018 7:30:23 GMT
There are a few new short dated scraps available on the SM this morning. Not all were short dated. Ah yes, but don't think that particular loan will go anywhere near it's term. I took a small bite anyway
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Post by Ace on Apr 15, 2018 7:55:54 GMT
Not much left of this morning's scraps now. 5 BHs took about £1k each of the longer dated loan.
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Post by GSV3MIaC on Apr 15, 2018 10:59:38 GMT
Not much left of this morning's scraps now. 5 BHs took about £1k each of the longer dated loan. You need to recalibrate .. a BH is someone who takes £10-100k bites, £1k is just minnows nibbling. 8>.
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agent69
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Post by agent69 on Apr 15, 2018 11:34:39 GMT
Not much left of this morning's scraps now. 5 BHs took about £1k each of the longer dated loan. You need to recalibrate .. a BH is someone who takes £10-100k bites, £1k is just minnows nibbling. 8>. So where does that leave me with my £100 - £200 a time. A definite bottom feeder?
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hazellend
Member of DD Central
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Post by hazellend on Apr 15, 2018 11:35:45 GMT
Not much left of this morning's scraps now. 5 BHs took about £1k each of the longer dated loan. You need to recalibrate .. a BH is someone who takes £10-100k bites, £1k is just minnows nibbling. 8>. heh you need to recalibrate. BH is minimum 20k bites
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