Squirrel Money P2P

[Saamee]

Hey Kelvin... Yes I got into those loans as well this morning

[Saamee]

Just matched this morning with a 5 year loan at 8.85%

[Kelvin]

Just matched this morning with a 5 year loan at 8.85%

Me too. My 8.9% one from the other day got cancelled though

[Saamee]

Me too. My 8.9% one from the other day got cancelled though

From yesterday, my 8.9% still has 1 Hour 21 minutes to run before offer expires - Looks like the Borrower is not going to Accept

[Saamee]

From yesterday, my 8.9% still has 1 Hour 21 minutes to run before offer expires - Looks like the Borrower is not going to Accept

Oh! Surprise surprise... The Borrower just accepted yesterdays deal with 35 mins to go!

[Kelvin]

I think what might be happening here is when a loan is matched with lender funds, an email is sent to the borrower asking them to accept the deal.

A lot of borrowers have been slow to accept, or fail to accept - so either they aren't checking their emails or the instructions are not clear.

I suspect Squirrel is calling the borrower to get their acceptance shortly before expiry, while a couple I had expire on a Saturday never got accepted as there's no one in the office to call the customer??

[Saamee]

I think what might be happening here is when a loan is matched with lender funds, an email is sent to the borrower asking them to accept the deal.

A lot of borrowers have been slow to accept, or fail to accept - so either they aren't checking their emails or the instructions are not clear.

I suspect Squirrel is calling the borrower to get their acceptance shortly before expiry, while a couple I had expire on a Saturday never got accepted as there's no one in the office to call the customer??

Yes. Sort of reached the same conclusion via similar thinking....

[Saamee]

Matched with a 5 year loan at 8.9%

Some people got matched today on 5 year loans - but it was not me today ( Loan about 10K's worth )

Must have been less that 8.8%!

[Kelvin]

Better volume of loans recently (I do not have the funds to match with all of them though).

In the past week I have gotten an 8.75, 8.8 and 8.9% (still awaiting funding approval)

[Saamee]

Better volume of loans recently (I do not have the funds to match with all of them though).

In the past week I have gotten an 8.75, 8.8 and 8.9% (still awaiting funding approval)

I'm Jealous of you! he he he Had money sitting there @ 8.75% and 8.8% never got filled - smallish amounts.

Left the joint for now.

Have not seen 5 Year terms in "Awaiting Funding" status for a number of weeks now....