Unbolted Account Information

Unbolted Account Information

Updated October 31st 2019

 

Detailed Account Information & Screen Shots

 

First Investment Date          – June 2018

Initial Investment Amount   – £500.00

Total Added                          – £4,500.00

Total Withdrawn                   – £0.00

Invested Currently               – £5,000.00

Current Account Balance   – £5,221.69

 

Total Return            – £221.69

ROI%                       – 8.40% 

XIRR                        – 8.35%

 

See My Full Unbolted Review Here

 

My Unbolted Actual Account Growth & Income Charts

 

Unbolted Account Growth ChartUnbolted Monthly Income Chart

View Consolidated

 

Each month I send out an update on all of my Peer to Peer lending accounts. Below are the excerpts specific to Unbolted.    Click here for all lender updates

 

October 2019 Monthly Update

 

Unbolted

See Full Review

I didn’t send any more money over to Unbolted in October, but I will be doing in November. My last £500 I sent in September got lent out now, so I think it’s time to commit some more funds.

XIRR settled at 8.35% which is right around their suggested target rate of 8.40%. 

I’m loving Unbolted for their uniqueness. They are not like the big Peer to Peer platforms such as Funding Circle or RateSetter, and I like that. I like Unbolted’s spin on asset secured pawnshop style loans, and I certainly like the 8%+ return rates.

When loans default, assets are sold very, very quickly. Unbolted typically recover more than the item was worth. The average at the moment is 117% of the loan value is recovered! I regularly get emails saying that a defaulted asset has been recovered and the amount has been credited to my investment account. Zero losses in almost 2 years so far. Unbolted are getting capital lent out much faster now too. See my Unbolted Review for more information on this unique lender. Definitely worth taking a look at and adding to a diversified portfolio. 8.40% is nothing to sniff at.

 

Unbolted Signup & Cashback Offers

Unbolted just started a new cashback bonus! £50 if you invest just £1,000 by using the the link below! Typically these cashback offers don’t last long with Unbolted as they fill up their loans very quickly. So if you’re thinking about investing with Unbolted, click the link and register, even if you’re not going to invest for a few weeks, you’ll still get the bonus if you invest within 6 months of signing up. Nothing to lose if you don’t.

Click here to see details on the bonus offer or to signup for an Unbolted lending account >>>

 

Unbolted Account Screenshot 1 - October 2019 Update

 

 

September 2019 Monthly Update

 

Unbolted

See Full Review

I sent yet another £500 over to Unbloted in September. It took a little longer to get everything lent out, in fact it took the whole month to lend out the £500. I think the holidays are still having an affect on Unbolted loan numbers as they seem to be with other lenders.

XIRR settled at 8.39% which is right at their suggested target rate of 8.40%. I’ll likely send over some more capital in October. I like Unbolted’s spin on asset secured pawnshop style loans, and I certainly like the 8%+ return rates. See my Unbolted Review for more information on this unique lender.

 

Unbolted Signup & Cashback Offers

Although there are no cashback offers from Unbolted at the moment, they have started a bonus interest rate campaign on their Working Capital Loans which is worth a look. 

Click here to see details on the bonus offer or signup for an Unbolted lending account >>>

Unbolted Account Screenshot - August 2019 Peer to Peer Lending Update 1

 

 

August 2019 Monthly Update

 

UNBOLTED

See Full Review

Unbolted Account Screenshot for Peer to Peer Lending Update - August 2019 1

 

 

I sent another £500 over to Unbloted in August as they still seem to be able to soak up capital. My newly found method for getting capital lent out faster is still working, however it did take a little longer in August. It took about 2 weeks to get the whole £500 lent out but I’m seeing that with most lenders now, I think because of the holidays, new loans seem to be less available.

XIRR made a big jump in August from 7.85% in July to 8.45% in August keeping Unbolted as my second highest GBP account based on XIRR second only to Mintos (not including Ablrate which is mostly from secondary market loans and not sustainable I don’t imagine, although they should still be high. I just need more data from them before I can crown them the top). See my Unbolted Review for more information on how I’m getting more capital lent out.

Still getting reasonable diversification on the loans.

Unbolted Account Screenshot for Peer to Peer Lending Update - August 2019 2

 

Although there is no cashback on Unbolted right now, they have started a bonus interest rate campaign on their Working Capital Loans. You can read more about it here. 

 

 

 

 

July 2019 Monthly Update

 

UNBOLTED

See Full Review

Unbolted Account Screenshot for Peer to Peer Lending July 2019 Update 1

 

Unbloted still seems to be able to soak up capital, so I sent over another £1000 (in 2 £500 lots, one at the beginning and one at the end of July). My newly found method for getting capital lent out faster is still working. The first £500 got lent out in about 3 days, the 2nd is taking a little longer but it’s getting there.

XIRR rose again this month from 7.76% in June to 7.85% in July making Unbolted my second highest GBP account based on XIRR (not including Ablrate which is mostly from secondary market loans and not sustainable I don’t imagine). See my Unbolted Review for more information on how I’m getting more capital lent out.

I’ve had some recoveries from defaulted assets which have been sold at auction. It’s nice to see the assets up for sale one day, and my account credited a couple of days later for the capital and interest. Much different than having to wait a couple of years for a house or office complex to be sold. Although I’d still rather have that than lend on unsecured loans as you are still most likely to get your capital back eventually.

Still getting reasonable diversification on the loans.

Unbolted Account Screenshot for Peer to Peer Lending July 2019 Update 2

 

 

June 2019 Monthly Update

 

 

UNBOLTED

See Full Review

Unbolted Account Screenshot - June 2019 Peer to Peer Lending Update 1

 

I decided to send another £500 over to Unbolted in July to see if my newly found method for getting capital lent out faster was still working. I’m very happy to say that it does! And the capital was lent out in the first week 🙂 

XIRR rose again this month from 7.57 in May to 7.76% in June making Unbolted my second highest GBP account based on XIRR. See my Unbolted Review for more info. on how I’m getting more capital lent out.

 

 

 

 

 

May 2019 Monthly Update

 

UNBOLTED

See Full Review

 

 

My Unbolted account keeps ticking along. If you remember in last months update, I showed a screenshot of loans which were overdue. This month I started to get emails about some of the assets being sold off at auction and within a few days the items are sold and capital is repaid.

Unbolted Account Screenshot for May 2019 Update 3

 

Something I really like about the Unbolted business model is how quickly (most) assets can be sold and capital recovered.

XIRR rose again this month from 7.47 in April to 7.57% in May on a target rate of 8.40%.

I wish there was a way to get more capital distributed with Unbolted. Either way, I’ll likely trickle some more capital over to them as I draw down some of my larger lending accounts with other lenders.

 

Unbolted Peer to Peer Lender Account Screenshot for May 2019 Update 2

 

 

 

April 2019 Monthly Update

 

UNBOLTED

See Full Review

 

 

 

The cash drag has subsided on Unbolted now so I seem to be getting into loans fairly easily. I didn’t send anymore capital over to Unbolted this month as they have a borrower that has filed a law suit against them and is alleging some kind of problem with the way his loan was dealt with. I’m not sure of the compete details, and I’m not going to waste any of my time researching it as I’m not sure it would change anything. I don’t think it’s that serious from what I’ve read, so I’ll just wait until it plays out before sending over any more capital to Unbolted.

 

There are a few loans outstanding as usual. Unbolted seem to do a great job of selling off defaulted assets very quickly and reclaiming capital. Here is a list of overdue loans:

 

 

 

March 2019 Monthly Update

 

UNBOLTED

See Full Review

I sent another £500 over to Unbolted in March and once again most of it has been lent out! I think the investment settings highlighted last month are working quite well 🙂

Although I don’t have a lot of capital with Unbolted, the return rates are still some of the best in the business. For (mostly) easily salable asset secured pawn shop style loans. XIRR once again increased from 6.83% last month to 7.33% in March.

 

Unbolted Account Screenshot for March 2019 Update 1 Unbolted Account Screenshot for March 2019 Update 2

 

 

 

February 2019 Monthly Update

 

UNBOLTED

See Full Review

 

Unbolted Account Screenshot for Feb 2019 Update

 

I finally managed to get most of my capital lent out at Unbolted. A reader of my website emailed me after last months update and suggested setting my auto-lend settings much higher than I really wanted in order to get more capital in to each loan.

 

Unbolted Account Screenshot for Feb 2019 Update 3

 

So I did that and it worked! As you can see below, I’m now getting some larger chunks of loans. Before I was getting maximum £5 – £6 into each loan which just wasn’t getting it done.

Unbolted Account Screenshot for Feb 2019 Update 1

 

I got my first notice from Unbolted that an asset was going to be sold because of non-payment this month. This is actually one of the best things about Unbolted believe it or not. Why? Because most of the items loaned on through them are very easy to sell. In this case it is a gold watch which can be sold at auction and the money recouped very quickly. This in comparison to a building which can take months or even years to sell because of all the legalities of repossession and then selling a large value asset such as a house or office building.

 

Unbolted email for Feb 2019 update

 

 

 

January 2019 Monthly Update

 

UNBOLTED

See Full Review

Unbolted continue on with the returns on pawnshop type loans currently running at an XIRR of 6.63% which is down quite a bit from last month’s 7.37% XIRR. This is mainly because of the cash drag. You may remember I sent over another £1000 to invest with Unbolted to see how long it would take to get invested. Unfortunately as of today (Jan 31st 2019) there is still £491 not yet invested from that £1000.

There en-lies the problem with Unbolted. Honestly if I thought I could get invested substantially with them, I would send over a lot more capital as I feel very comfortable being in these types of loans. Mainly because they have a provision fund, but more importantly because the items the loans are secured against are typically very easy to sell and recoup capital from in the event of default. It does not seem at this time that it is a viable large investment solution, so I’ll just leave what I have there for now and keep an eye on them for the future. You can read more in my Unbolted Review about how they operate.

 

 

December 2018 Update

UNBOLTED

See Full Review

Unbolted Account Screenshot for Dec 2018 Update

In December I decided to double my investment in Unbolted. Their XIRR is running only second to Mintos so I thought it made sense to send some of the money drawn from Zopa there. With secured loans that are typically easy to sell upon any default, it just makes more sense. The one downside of course is the time it takes to get invested. I sent the capital over about 2 weeks ago and as you can see from my account screenshot, there have only been about £140 lent out. I increased the auto-invest settings to £50 max per loan, however I am still only getting £5 – £10 per loan lent out. 

 

 

Unbolted Account Screenshot for Dec 2018 Update 2

Unbolted Account Screenshot for Dec 2018 Update3

 

 

 

November 2018 Update

 

UNBOLTED

See Full Review

 

Unbolted Account Screenshot for Nov 2018 Update

I increased my investment in Unbolted again this month as the XIRR shows how good they really are at 6.27%. This will put us between 8% and 9% once we get 12 – 14 months of data. I would increase my investment even more with Unbolted but unfortunately it just takes a LONG time to get any sizable amount lent out. I’ll keep trickle feeding capital in there but it’s going to take a long time before Unbolted becomes a significant part of my portfolio.

 

 

 

October 2018 Monthly Update

 

UNBOLTED

See Full Review

 

Unbolted Oct Update Account Screenshot 1

 

After finishing up a review on Unbolted a few days ago, I decided to send over another £100 to see how long it took them to lend it out. This screenshot is from the day after I sent it, so they already lent about 40% of it out, which is not too bad. However lending out small amounts is one thing, not sure how they would do if I upped the investment by 10 or 20 times. I’m guessing not so well, but I’ll continue to send bits of capital over there and see how they do. I like being able to get in to these loans as they pay well, and when there is default, items are easier to sell than property in order to recoup capital.

Here is a list of where the recent capital deposit went. Rolex watches and diamond earrings were a couple of items 🙂 

Unbolted Oct Update Account Screenshot 2

 

 

 

September 2018 Monthly Update

 

UNBOLTED

See Full Review

Unbolted Account Screenshot 1 Oct 2018 Unbolted Account Screenshot 2 Oct 2018

I have mixed feelings about Unbolted. I originally sent 2.5k over there to try them out, but after 1 month only £400 of the capital had been invested so I withdrew the rest and invested it elsewhere. Cash drag is not a good thing. The account is set to auto-invest so there is nothing to do with it except watch. I will do some more research on Unbolted moving forward and see if I can figure out how to get more capital invested with them. I like the unique short term loans they have for a little more overall portfolio diversification.

 

 

<<< Return to Full Review

 

 

Prior to September 2018, no screenshots were published, however you can still see the full updates below:

Recent Monthly Posts – Detailed Peer to Peer Portfolio Updates

P2P Lending Portfolio Update For October 2019

Lot’s of exiting happenings with Peer to Peer platforms this month, including the Funding Secure collapse, and Funding Circle selling loans.

P2P Lending Portfolio Update For September 2019

In September, income from the GBP Peer to Peer lending portfolio increased a little from last months £821.38 to £866.32. Funding Circle once again came in at a loss for the month because of…

P2P Lending Portfolio Update For August 2019

    GBP Portfolio Overview In August 2019, income from the Peer to Peer Portfolio again took a small dip. The problem this time was all Funding Circle which once again hit my account…

P2P Lending Portfolio Update For July 2019

In July 2019, income from the Peer to Peer Portfolio took a bit of a dip. I was trying to figure out why this was. The income from Funding Circle, Lending Crowd, and Kuflink  were all off in July…

P2P Lending Portfolio Update For June 2019

      GBP Portfolio Overview June 2019 was (again) the best month yet for the GBP Peer to Peer Lending Portfolio! The £1000 per month income barrier was blown away in June, with a…

P2P Lending Portfolio Update For May 2019

May was the 12th month, and the 1 year anniversary of  the GBP Peer to Peer Lending Portfolio! It produced over £1000 income for the 2nd month

P2P Lending Portfolio Update For April 2019

April was the best month yet for my P2P Lending Portfolio! It finally crossed the £1000 per month income barrier with a return of £1,028.67 in GBP.  I mentioned “in GBP” at the end there because I…

P2P Lending Portfolio Update For March 2019

March 2019 turned out to be another good month for my Peer to Peer Lending Portfolio with a total income of £981.50 the second best month so far

P2P Lending Portfolio Update For February 2019

February 2019 has been another great month for my new P2P Lending Portfolio! £985.78 in monthly income. That doesn’t include lender cashback bonus

P2P Lending Portfolio Update for January 2019

January 2019 has been the best month so far for my new P2P Lending Portfolio! £966.43 in monthly income. That doesn’t include cashback bonus

P2P Lending Portfolio Update for December 2018

December was an interesting month. I decided to exit Zopa and distribute the capital to other lenders. You can read in more detail why I decided to do this further down in the Zopa section of the…

P2P LENDING PORTFOLIO UPDATE – NOV 2018

Peer to Peer Lending Portfolio Update for November 2018 The update for November 2018 is a little late this month. I was away traveling in Spain with some friends for a week so I didn’t get…

 

logo