copacetic
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Post by copacetic on Oct 25, 2017 13:06:19 GMT
I transfered money in before hand by card, missed getting a bid and transfered it out there now. Ablrate are welcome to do their own thing of course but the lack of a bid limit there just cost them a couple of quid in bank fees for one person at least.
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kermie
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Post by kermie on Oct 25, 2017 13:10:06 GMT
I transfered money in before hand by card, missed getting a bid and transfered it out there now. Ablrate are welcome to do their own thing of course but the lack of a bid limit there just cost them a couple of quid in bank fees for one person at least. Bit of a pain, yes. But to put this in context, Ablrate will receive £141k revenue over 3 years on this loan, so I'm not sure they'll be too concerned about those fees.
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fasty
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Post by fasty on Oct 25, 2017 13:16:09 GMT
From ABL perspective, I can see the no-preview, abrupt launch as a good way of getting the loan filled faster. There will always be some people who bid immediately on the basis that if it fills fast, then they should be able to sell later if they don't like it. But most won't.
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Post by supernumerary on Oct 25, 2017 13:18:05 GMT
I transfered money in before hand by card, missed getting a bid and transfered it out there now. Ablrate are welcome to do their own thing of course but the lack of a bid limit there just cost them a couple of quid in bank fees for one person at least. We have been advised that more loans are coming, so don't get too upset. In my own instance, I arranged my work and commitments this morning, so that I was ready to be on the computer at 13:00 hours. I saw it when it came live when zero had been invested and when I got my investment on, which wasn't that large, there was about £4,500 approx. loaded on. There will be times, as in the past, when I miss out. Today I was lucky.
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huxs
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Post by huxs on Oct 25, 2017 13:18:53 GMT
So I luckily managed to invest what I wanted, the question now is did I want to lend on this loan ??
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kermie
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Post by kermie on Oct 25, 2017 13:22:44 GMT
Whether or not anyone was "lucky" enough to get a slice today remains to be seen ;-)
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snowmobile
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Post by snowmobile on Oct 25, 2017 13:28:03 GMT
I transfered money in before hand by card, missed getting a bid and transfered it out there now. Ablrate are welcome to do their own thing of course but the lack of a bid limit there just cost them a couple of quid in bank fees for one person at least. Don't expect to see that money before Friday. In my experience withdrawals take at least two working days.
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blender
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Post by blender on Oct 25, 2017 13:41:13 GMT
Being emailed with the basic facts and a start time, and then half an hour to bid, is not too bad. Enough time to read make a judgement. Not like the old FC E loans. Other loans have gone too quickly (the ones I missed), and a system is needed to allow proper DD before bidding.
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Post by ablrate on Oct 25, 2017 13:43:02 GMT
We are not big fans of bid limits, but we do agree that time to read the docs is important so this may influence a change. We are in the process of coding the new user interface for the platform and will be launching some new features along with that and I think we will have something that solves this issue. I wanted to add a poll here - but have run out of pro board talent. These are what we are looking at in order of our preference - interested to see your thoughts ... some would be maddening - interesting to see which ones you think...
i. Dynamic bidding (range based bidding on certain loans with fixed listing term) ii. Rejig of the pledge system (interest in hearing your thoughts how that would manifest) iii. Fixed time between downloading the borrowing proposal and being able to make a bid iv. Fixed period where you can only bid a percentage of your funds on account v. £1,000 bid limit for 24 hours vi. No change.....
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hazellend
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Post by hazellend on Oct 25, 2017 13:49:31 GMT
No change
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nw99
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Post by nw99 on Oct 25, 2017 13:50:54 GMT
No change works perfectly
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des
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Post by des on Oct 25, 2017 13:53:42 GMT
Only change that everyone agrees on is that the proposal should be viewable some amount of hours before bidding starts to at least allow people to see what you are asking them to bid on.
I vote for no bid limits.
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greatmarko
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Post by greatmarko on Oct 25, 2017 13:56:35 GMT
We are not big fans of bid limits, but we do agree that time to read the docs is important so this may influence a change. We are in the process of coding the new user interface for the platform and will be launching some new features along with that and I think we will have something that solves this issue. I wanted to add a poll here - but have run out of pro board talent. These are what we are looking at in order of our preference - interested to see your thoughts ... some would be maddening - interesting to see which ones you think... i. Dynamic bidding (range based bidding on certain loans with fixed listing term) ii. Rejig of the pledge system (interest in hearing your thoughts how that would manifest) iii. Fixed time between downloading the borrowing proposal and being able to make a bid iv. Fixed period where you can only bid a percentage of your funds on account v. £1,000 bid limit for 24 hours vi. No change..... vii. Finally get around to implementing the "Auto Invest" feature that has been "Coming Soon" for like ever!! That way, investors can automatically get a slice of new loans without having to be physically in front of their computer between 1pm-2pm when new loans launch!
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macq
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Post by macq on Oct 25, 2017 13:58:22 GMT
number 3 if it gives time for reading of docs
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treeman
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Post by treeman on Oct 25, 2017 14:01:54 GMT
Agree - details should be available before go-live time.
Perhaps a bid limit for the first hour ?
Bid limit should be considered for tiddlers IMO - Generators is the most recent few-big-bites---gone example .........
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