Looks normal to me. It's not just the higher interest ones which are repaid early. Borrowers are allowed to do this. I've had a lot more than that, but probably on a larger number of contracts. Just re-invest the loot ... or buy some extra bananas .
Post by skint4achange on Dec 21, 2017 19:58:02 GMT
You will probably find that not only are the lenders getting a good rate on the loans that you have highlighted, but so are Ratesetter. Which means that the APR to the borrower is probably very high and they will refinance as soon as possible. I know I would.
As Grumpy said, just reinvest is all you can do.......................... Or vote with your feet.
There are 10 kinds of people in this world......Those that understand binary and those that don't!
Just had large payment repaid that I invested on 13/11/17 @7%...so won't reinvest at poor rates on offer over the Christmas period and if I withdraw won't be in my bank until 27th...plus I had a large amount paid back a few days ago invested on same date @7%. So my 7% invested on 13/11/17 has all paid back. Strange as thought it was the same large borrower. Maybe they are paying back in stages. Oh well...back to the drawing board..
Early repayments are tricky. My emotions go up every time I get one. But my business head is pleased borrowers and Ratesetter are acting to minimise loan costs, as long as they don't default. This means the market is operating efficiently. I would prefer Ratesetter gets a win as well as me as an investor. Otherwise we all get stuffed like turkeys lol.
Having said that I am not investing at the moment as I am at my self set maximum investment level in any one platform.