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Post by propman on Sept 2, 2019 16:22:40 GMT
As I write, despite an increase in "offers", these are still insufficient to match all of the 5.9% offers made on Friday. yes the period of >MR matches may be extended, This week, even after matching these offers, lending will be <£1.7m, around £1m for the day. When the weekend payments were in mid-morning, Monday was regularly the largest lending day with £3-4m on that day alone, so the delay is decreasing matching. It also means that there will be more money unmatched when tomorrow's payments come in and so more matching will be required before >MR matches are possible. It is this effect of the autolent long weekend's funds only being lent late Wednesday that has stopped the market topping £6m since that time. This will probably increase this time until late in the weekend! So oly good news for those getting their last 5.9% offers matched who do not wish to make further offers!
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rscal
Posts: 910
Likes: 500
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Post by rscal on Sept 2, 2019 20:57:44 GMT
(Approaching 10pm and only about 30% of my due repayments are showing in Holding)
Update: Just after 10pm and about 90% was showing, so I withdrew that to bank.
Just to remind people here: the weekly withdrawal facility is useful for 1 day out of five and will sweep anything built up in Holding in the meantime anyway. I use a Sunday withdrawal with funds disappearing late Sunday evening and appearing in my bank account the next day (Monday)
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Post by Deleted on Sept 3, 2019 5:20:44 GMT
So, out of 3 payments due yesterday (2nd), 1 has arrived (dated 3rd) and 2 are yet to arrive.
I wonder if RateSetter will accrue an extra days interest on these late payments.
Meanwhile, RateSetter continue with their ridiculous website redesign while their core systems can't even seem to process simple payments in a timely fashion.
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rscal
Posts: 910
Likes: 500
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Post by rscal on Oct 1, 2019 20:05:46 GMT
Another month has passed already and another anomlous payments day. @ 9pm we appear to be one contract short of the full bunch so we withdraw and retire.
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Post by Deleted on Oct 2, 2019 10:21:47 GMT
Looks like lots of today's Rolling repayments are yet to be processed. It seems to get worse every month. I hope their systems are ready for the new markets tomorrow.
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