P2P: MoneyThing

Flobberchops

elephantrosie wrote: »

jamesd- i thought MT does not do 13% interest rate loan?

Well, you're wrong There were two sets of loans last year with 13% rates. 12% is the "standard" but I've seen rates from 10% to 13% - even 18% if we count one loan that went into late repayment.

jamesd

They usually don't but occasionally there are exceptions where some aspect of the deal makes that seem sensible. It's usually likely to be better not to pick one of those unless you know the reason for that rate. One example was the A/B loan tranche loan where the 13% people take a loss before the 10% people take any loss.

takesyourchances

With the property loans both on Moneything and Collateral, it is interesting to see some of the large sums being invested by people.

Out of interest, what is the largest sum anyone has invested in a single loan on MT for example?

It is taking me a little time building my loans up, slowly getting there to diversify, but I know I am a little overweight percentage wise in certain loans for the amount invested with a platform, example out of £2000 slowly building on MT, I have loans from £50 per loan to a £250. This is just to get started but I am aware I want to diversify better and I guess that will come as the loans increase in amounts and I add more to my loan list.

Thanks.

TheShape

I currently have £3340 lent at Moneything. My largest single loan £400, my smallest, £2. The largest combined loan amount to an individual borrower is £766, which I hadn't realised was quite so high. That is made up of lots of smaller parts which is why I've not noticed. Diversifying on MT can be difficult as the same loans appear again and again on the SM so you need patience waiting for different loans to appear. Fortunately, new loans stimulate a lot of SM activity.

takesyourchances

TheShape wrote: »

I currently have £3340 lent at Moneything. My largest single loan £400, my smallest, £2. The largest combined loan amount to an individual borrower is £766, which I hadn't realised was quite so high. That is made up of lots of smaller parts which is why I've not noticed. Diversifying on MT can be difficult as the same loans appear again and again on the SM so you need patience waiting for different loans to appear. Fortunately, new loans stimulate a lot of SM activity.

Thanks for the reply, actually I have a few of the Manchester Hall loans so they will add together combined too as made up of lots of smaller loans.

Understand what you are saying it needs patience, I got a couple more in recent days with the activity on the SM and I put a bit into the new property loan too. I have been using Ablrate SM market buying up bits of mostly non property loans in £50 lots, so far invested about £600 there and will plug away with it as well.

I will be working things the same idea as yourself and waiting for different loans to appear and the same on the other platforms.

I can't remember if it was Collateral or Moneything in the recent investments tonight I saw £9000 put into one of the property loans which brought me to post this. I know that there are some high amounts going on, that was the highest I saw in a check so far on a loan I put into.

Thanks again.

TheShape

I think Collateral had an investment of £75k in the new Student Accommodation loan.

Talking of secondary markets, Collateral currently has the most secondary market availability in terms of numbers of loans available that I've ever seen. Lots of jewellery available but I have no funds available on the platform (doubt anyone will be processing my deposit at 1am). I assume someone is making funds available for the new loan.

Edit: Plenty of loans available on the Moneything SM that I'm not invested in but waiting for a deposit to be processed there also. Really missed out tonight.

elephantrosie

takesyourchances and theshape- where else do you guys invest?

elephantrosie

TheShape wrote: »

I think Collateral had an investment of £75k in the new Student Accommodation loan.

Talking of secondary markets, Collateral currently has the most secondary market availability in terms of numbers of loans available that I've ever seen. Lots of jewellery available but I have no funds available on the platform (doubt anyone will be processing my deposit at 1am). I assume someone is making funds available for the new loan.

Edit: Plenty of loans available on the Moneything SM that I'm not invested in but waiting for a deposit to be processed there also. Really missed out tonight.

are there new loans coming up on collateral soon?

takesyourchances

elephantrosie wrote: »

takesyourchances and theshape- where else do you guys invest?

My P2P investments I am building up at present across Moneything, Collateral and Ablrate.

I also have money with Funding Circle, Ratesetter and Zopa but at present not adding any more to these but building and focusing on the above 3. My total P2P is just over 10K at present so far.

elephantrosie wrote: »

are there new loans coming up on collateral soon?

There are two new jewellery loans today on pre-fund which I just added to both of these.

TheShape wrote: »

I think Collateral had an investment of £75k in the new Student Accommodation loan.

Talking of secondary markets, Collateral currently has the most secondary market availability in terms of numbers of loans available that I've ever seen. Lots of jewellery available but I have no funds available on the platform (doubt anyone will be processing my deposit at 1am). I assume someone is making funds available for the new loan.

Edit: Plenty of loans available on the Moneything SM that I'm not invested in but waiting for a deposit to be processed there also. Really missed out tonight.

75K is certainly a large investment chuck in one loan I missed the late night movement on the secondary market, but got the two new funds on Collateral today on pre-fund and couple of property loans repaid so added those into one of them and new funds into the other.

The debit card is very good on Ablrate for instant funding (too good ) which I have used on the SM there.

elephantrosie

takesyourchances wrote: »

My P2P investments I am building up at present across Moneything, Collateral and Ablrate.

I also have money with Funding Circle, Ratesetter and Zopa but at present not adding any more to these but building and focusing on the above 3. My total P2P is just over 10K at present so far.


The debit card is very good on Ablrate for instant funding (too good ) which I have used on the SM there.

where else do you invest outside p2p?

i didnt know ablrate does debit card instant funding.