criston
Member of DD Central
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Post by criston on Sept 21, 2019 16:48:39 GMT
The pace of selling is really demoralising, but at least we know here approximately when our turn is about to happen.
So thanks for all the contributions & keep them coming.
We may have to start recording the time of day we initiate a sale, the way things are going.
Ours (my family) was initiated on 3/6/19 at 07.33.
My guess is it will sell on 5/10/19 after 124 days, if it is not cancelled by FC after 120 days.
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Post by happyhippy on Sept 21, 2019 18:17:54 GMT
It is demoralising. I'm on day 113 .was hoping I'd be celebrating tonight. Crazy. Celebrating with my own money
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Post by happyhippy on Sept 21, 2019 18:19:26 GMT
Thanks for this Criston. Been a huge help
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Stonk
Stonking
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Post by Stonk on Sept 21, 2019 20:35:08 GMT
Length of sale queue in days, as a function of the number of pages in this thread:
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r00lish67
Member of DD Central
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Post by r00lish67 on Sept 21, 2019 20:39:17 GMT
Length of sale queue in days, as a function of the number of pages in this thread:
So if we stop talking about selling FC loans, then they'll sell more quickly? Wait, that does make actual sense.
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Stonk
Stonking
Posts: 735
Likes: 658
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Post by Stonk on Sept 21, 2019 20:40:19 GMT
Length of sale queue in days, as a function of the number of pages in this thread:
So if we stop talking about selling FC loans, then they'll sell more quickly? Wait, that does make actual sense.
Shhhhhh ....
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Post by Southwestpete on Sept 22, 2019 10:32:24 GMT
100% sell - +80k - Email 5am this morning
will let you know time frame/ sales per hour later
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Post by Southwestpete on Sept 22, 2019 22:21:24 GMT
Time frame, I already had approx £4500 in available funds before start of sale First noticed selling at 10.55pm Sat available funds =£36,775.07
next at 12.03am A/F =£36,864.07
next at 1.03am A/F =£42,490.34
next at 2.03am A/F =£50,068.75
next at 3.03am A/F =£50,071.49
this is last one I checked until 7.05am when I found =£84,859.12. I received email Funds ready for withdraw at 4.08am - Funds sold£80,135.84 I have started selling off again this morning but can someone explain why the figure is so low even taking out the massive defaults and costing I cannot come anywhere near the figure I can sell ?
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Post by Ace on Sept 22, 2019 22:33:44 GMT
I think that the most you can put up for sale is the sum of all your "live" loans, excluding those that have "risk band removed". I.e. Not "bad debt", "processing" or "late".
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ashtondav
Member of DD Central
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Post by ashtondav on Sept 23, 2019 7:05:14 GMT
It is demoralising. I'm on day 113 .was hoping I'd be celebrating tonight. Crazy. Celebrating with my own money Maybe go for the quick access accounts offered by the likes of LW and AC?
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gar4th
New Member
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Post by gar4th on Sept 23, 2019 12:20:11 GMT
Just to add myself to the list - sale initiated on 16/9/2019
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mrk
Posts: 807
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Post by mrk on Sept 23, 2019 14:17:56 GMT
It is demoralising. I'm on day 113 .was hoping I'd be celebrating tonight. Crazy. Celebrating with my own money Maybe go for the quick access accounts offered by the likes of LW and AC? Even those come with the disclaimer that quick access applies "in normal market conditions" and "access times cannot be guaranteed", to quote AC.
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Post by 20buckspin on Sept 23, 2019 14:50:41 GMT
Hi, this is my first post. I'm yet another seller who initiated the sale on 31st May, so now at 115 days. I feel like an expectant father at the moment.
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Post by captivator on Sept 23, 2019 20:19:07 GMT
I'm a 3/6 seller. It seems certain over the next few days those bought on 1st and 2nd June will pass the 120 day mark. I'm super curious that if they have hard coded the 120 days and you're kicked out the queue rule (or even not hard coded it, but are going to stick with it) how it will transitionally work? Will it kick in at midnight, or at the same time you placed the sale. If they did a midnight batch you could have a bizarre situation where every one on 1st and 2nd of June gets kicked out the queue, and then the first person the next day gets the sale, as they move up the queue if they are still on 119 days and the 120s infront of them get kicked out. That would be gargantuanly unfair! (even though looking at the numbers, I just may be a beneficiary of it). The next few days will tell.
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r00lish67
Member of DD Central
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Post by r00lish67 on Sept 23, 2019 20:25:10 GMT
I'm a 3/6 seller. It seems certain over the next few days those bought on 1st and 2nd June will pass the 120 day mark. I'm super curious that if they have hard coded the 120 days you're kicked out the cue rule (or even not hard coded it, but are going to stick with it) how it will transactionally work? Will it kick in at midnight, or at the same time you placed the sale. If they did a midnight batch you could have a bizarre situation where every one on 1st and 2nd of June gets kicked out the cue, and then the first person the next day gets the sale, as they move up the queue as they are still on 119 days. That would be so unfair! (even though looking at the numbers, I just may be a benificiary of it). The next few days will tell. As has been noted before, the process was revised a little while back to only actually put up your loans for sale at the point you reach the front of the queue, so whilst this might have been the case before it certainly should not be now. Sorry if that disappoints!
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