n
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Yet another Nick
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Post by n on Nov 18, 2017 17:57:12 GMT
Yes, if we take "we do not plan to place any bid limits or view only restrictions upon its release" from yesterday's announcement at face value. Or, in other words, "No". But as SteveT says, it probably wouldn't make any difference.
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applets
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Post by applets on Nov 18, 2017 17:59:18 GMT
Not so good for those who go to work, however. Every other platform, which I have experience of, release their loans during working hours and I can't remember anyone complaining about it? Maybe most people have have smart phones or something similar whereby they can access the web wherever they are? Just a thought...... You may be right about smartphone ownership, but DD takes time. I am not sure how many employers are happy for their employees to spend their working hours doing DD. Unlike some other platforms, ABL appears to have reverted to its usual practice of not providing loan details until the loan goes live - this time at 2pm. Hopefully there will not be the "bid now - all gone within the hour" frenzy that has characterised some recent loans.
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fasty
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Post by fasty on Nov 18, 2017 18:24:33 GMT
The new preview process on the previous (aborted) loan received a warm welcome on here, and I am certain that will not have gone unnoticed by Ablrate. Perhaps they considered it less appropriate to the forthcoming loan, or maybe the process still needs to be fine-tuned. Whichever, I am sure that we will see more previews in future.
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Post by df on Nov 18, 2017 19:44:25 GMT
2pm, much better when we are given reading time for a new borrower will it be a morning/afternoon split ie within the working day ablrate ? Will accommodate overseas investors and those that prefer to spend their time with families in the evening Not so good for those who go to work, however. Good point. Different investors have different timescales depending on their jobs, other commitments and locations. It could be good if Ablrate established a standard loan release policy that suits most. I think 24 hour gap between posting documents and loan going live would probably satisfy majority of investors?
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binkle
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Post by binkle on Nov 18, 2017 21:14:43 GMT
I will wait for the plane, but may stump up taxi fare if it is cars..😊
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ben
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Post by ben on Nov 18, 2017 23:08:41 GMT
I will wait for the plane, but may stump up taxi fare if it is cars..😊 I will probably do the same but may leave a small tip too.
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macq
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Post by macq on Nov 19, 2017 0:48:24 GMT
don't forget to save for the french yacht builder that was mentioned(should make the DD more fun)
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elliotn
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Post by elliotn on Nov 19, 2017 0:50:35 GMT
Hopefully we'd get time to do DD for loans to an existing borrower where the security is different, but I don't follow the logic regarding no bid limits. A limit would help more people get a slice and BH can still scoop up the remainder 24h later if they so desire. I think abl have seen the take up of these loans previously and are comfortable about the time for 0.5M. If it were the loans mentioned above we should have days rather than seconds .
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southport
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Post by southport on Nov 19, 2017 3:20:10 GMT
Not so good for those who go to work, however. Good point. Different investors have different timescales depending on their jobs, other commitments and locations. It could be good if Ablrate established a standard loan release policy that suits most. I think 24 hour gap between posting documents and loan going live would probably satisfy majority of investors? I agree wholeheartedly, seems to work very well at MT.
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elliotn
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Post by elliotn on Nov 19, 2017 7:23:13 GMT
2pm, much better when we are given reading time for a new borrower will it be a morning/afternoon split ie within the working day ablrate ? Will accommodate overseas investors and those that prefer to spend their time with families in the evening Not so good for those who go to work, however. All platforms launch during their work day*. Do you only invest on abl? * There have been the odd weekend launch again most typically during work hours...
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blender
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Post by blender on Nov 19, 2017 10:06:59 GMT
I would be surprised and disappointed if it were more cars from the same borrower. That's what I am selling to re-lend! I'll wait for the bus, thanks. I also thought the DD delay would apply to all new loans - but I see that too much time to kick the tyres here might be a problem.
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toast
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Post by toast on Nov 19, 2017 16:21:56 GMT
Hopefully we'd get time to do DD for loans to an existing borrower where the security is different, but I don't follow the logic regarding no bid limits. A limit would help more people get a slice and BH can still scoop up the remainder 24h later if they so desire. I think abl have seen the take up of these loans previously and are comfortable about the time for 0.5M. If it were the loans mentioned above we should have days rather than seconds . I suspect you're quite right, but I still don't see the reason for no bid limit. Even on slow-to-fill loans the only inconvenience to BH is that they have to wait 24h longer and a limit protects against loans filling quicker than envisaged.
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shimself
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Post by shimself on Nov 19, 2017 16:58:07 GMT
Are you listening ablrate A lot of lenders feeling that they might be being rushed into investing. At least 24 hours between publishing and investing is required.
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applets
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Post by applets on Nov 19, 2017 17:59:11 GMT
Not so good for those who go to work, however. All platforms launch during their work day*. Do you only invest on abl? * There have been the odd weekend launch again most typically during work hours... Some other platforms provide details of their loans before launch which provides an opportunity to have a look at the loan in a little more detail before lending. Until the last loan, ABL have failed to provide this opportunity and, in some cases, it has been a case of hit the purchase button without DD or miss out on the loan altogether. The last ABL loan did address this issue and by making go live at 8pm meant that, for me at least, there was some time after work to try and do a little DD before deciding whether to lend. I appreciate that 8pm did not suit everyone and it may well be that I am the only p2p investor who has an employer that would take a dim view of my spending an hour or two of my working day doing some research on a lender. I am happy to accept that others are in a more fortunate position with their work/ time commitments than me and withdraw gracefully.
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archie
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Post by archie on Nov 19, 2017 18:10:10 GMT
All it needs is for the loan documents to be available to view the day before a loan launch. Those working will have time to do research after work.
That way it'll only require a couple of minutes to login and place a bid at whatever time the loan goes live.
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