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18-12-2018, 07:50 PM
#1001
Member
Having seen FDs balance sheet I endorse Saamee's view and believe that FD are there to add liquidity if required and rarely take positions themselves.
The issue I believe, is the sheer number of investors against the lack of loans. Investors in the thousands and loans between 0 to 5 daily (until lately usually 1 or 2). It appears this has been identified and a potential solution actioned.
On the other hand, I'm not keen on the prospect of lumping up an extra 15% of commission. Its a pity that loan availability could not be increased without having to accommodate third parties and their finders fee's.
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18-12-2018, 07:57 PM
#1002
I am with icyfire. The few times I have been able to respond immediately, including once when I was already on the site, to b loans of reasonable size, they have been fully invested. This seems to be due to an auto-invest operating (either by FC or another party) or someone is taking the whole loan.
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19-12-2018, 11:30 AM
#1003
Member
Couple of B loans sitting there. Something has changed.
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19-12-2018, 12:16 PM
#1004
Originally Posted by RMJH
Couple of B loans sitting there. Something has changed.
What... No Auto Invests programs running today....
The conspiratorial theorists must have been wrong!!
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19-12-2018, 03:24 PM
#1005
Member
Originally Posted by Saamee
What... No Auto Invests programs running today....
The conspiratorial theorists must have been wrong!!
The 1st 25% flex / fees loan went up on the site just before
unfortunately the notification emails don't list the flex %
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03-01-2019, 12:53 PM
#1006
New Month = New NAR
Has anybody else noticed a slow decline in their NAR ( approx 0,05% per month ) over the last 3 or so months?
I am thinking it is the new lower Interest Rate loans now appearing in the NAR calculations.
Any other thoughts?
Last edited by Saamee; 03-01-2019 at 02:28 PM.
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03-01-2019, 09:44 PM
#1007
Member
New in collection loan .... That won't help my NAR
Id |
Grade |
Type |
Term |
Rate* |
Flex |
Principal |
Opened |
Princ. recv. |
Int. recv.** |
Coll. end date*** |
LN000-063-992 |
B2 |
Personal |
60 months |
19.10% |
10% |
$50.00 |
04/04/2018 |
$2.58 |
$3.53 |
02/07/2019 |
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04-01-2019, 09:10 AM
#1008
Originally Posted by humvee
New in collection loan .... That won't help my NAR
Id |
Grade |
Type |
Term |
Rate* |
Flex |
Principal |
Opened |
Princ. recv. |
Int. recv.** |
Coll. end date*** |
LN000-063-992 |
B2 |
Personal |
60 months |
19.10% |
10% |
$50.00 |
04/04/2018 |
$2.58 |
$3.53 |
02/07/2019 |
No...and if it is only partly recovered, it will make a difference for your after tax NAR if you cannot deduct the capital loss for tax purposes.
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04-01-2019, 09:13 AM
#1009
Originally Posted by Saamee
New Month = New NAR
Has anybody else noticed a slow decline in their NAR ( approx 0,05% per month ) over the last 3 or so months?
I am thinking it is the new lower Interest Rate loans now appearing in the NAR calculations.
Any other thoughts?
The 25% flex on referred loans will start to take a chunk out of the NAR.
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04-01-2019, 09:16 AM
#1010
Originally Posted by Saamee
What... No Auto Invests programs running today....
The conspiratorial theorists must have been wrong!!
Finance Direct have run out of money so are not taking their share?
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