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Post by Deleted on Jun 26, 2019 20:28:50 GMT
Just logged in and the system has changed. I am no longer able to choose my rate. What is going on?
If this is not a mistake and I have a rate forced upon me then I am closing down my account.
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alanh
Posts: 556
Likes: 560
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Post by alanh on Jun 26, 2019 20:38:42 GMT
You can still choose it, they have just changed the page - god knows why.
Select the market you want then "choose your amount"
On the next page click on "are you a ratesetter expert - set your own rate here"
and off you go
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Post by Deleted on Jun 26, 2019 20:41:01 GMT
Phew! But it's a daft change to the UI.
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Post by befuddled on Jun 26, 2019 21:38:11 GMT
Not a daft change, it's a cynical move....
They don't want users to set their own rate, so (newcomers) are powerfully steered to selecting market rate
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cb25
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Post by cb25 on Jun 26, 2019 21:41:16 GMT
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Stonk
Stonking
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Post by Stonk on Jun 27, 2019 0:21:23 GMT
Argh ... so many more clicks than before! You used to be able to get to the "expert" page from just about anywhere in a single click (on the numbers in the rates box). Now it's an ordeal, and I have to tell it I'm an expert over and over again.
It's time to bookmark these:
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Post by p2plender on Jun 27, 2019 5:22:02 GMT
Ratesetter have become a joke with all this chopping and changing.
Always been a fan but now I've had enough of this constant changing to try and 'TRICK' customers into lending at the lowest possible rates.
They won't have a business soon the way they seem to want to annoy lenders.
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aju
Member of DD Central
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Post by aju on Jun 27, 2019 7:39:40 GMT
Ratesetter have become a joke with all this chopping and changing. Always been a fan but now I've had enough of this constant changing to try and 'TRICK' customers into lending at the lowest possible rates. They won't have a business soon the way they seem to want to annoy lenders. Im not convinced they planned it that way they probably made some slight tweaks that then snowballed into whats left. It used to be called agile design when it first appeared some 25 odd years ago. Sadly it quickly morphed into quick changes when web design started. These kind of odd things happen all over the web these days! Ive been using Stonk 's method since i started on rs to enable a speedier way to where i need to be. On Zopa the system is so sloooow its the only way to get anything done.
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r00lish67
Member of DD Central
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Post by r00lish67 on Jun 27, 2019 8:52:35 GMT
Ratesetter have become a joke with all this chopping and changing. Always been a fan but now I've had enough of this constant changing to try and 'TRICK' customers into lending at the lowest possible rates. They won't have a business soon the way they seem to want to annoy lenders. Im not convinced they planned it that way they probably made some slight tweaks that then snowballed into whats left. It used to be called agile design when it first appeared some 25 odd years ago. Sadly it quickly morphed into quick changes when web design started. These kind of odd things happen all over the web these days! Ive been using Stonk 's method since i started on rs to enable a speedier way to where i need to be. On Zopa the system is so sloooow its the only way to get anything done. Personally, on RS and all walks of life, I'm happy to have the chance to get ahead of dumb money/people. I hope RS keep it slightly awkward - I'm sure they will! It's either deal with awkwardness & learn when/how to get good rates, or everyone gets the same lame rate. They're not going to hand high rates to everyone.
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benaj
Member of DD Central
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Post by benaj on Jun 27, 2019 9:51:30 GMT
Just logged in and the system has changed. I am no longer able to choose my rate. What is going on?
If this is not a mistake and I have a rate forced upon me then I am closing down my account.
It seems the UI update only affects the "rolling" market, any one knows if this is in line with RS current T&C?
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alanh
Posts: 556
Likes: 560
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Post by alanh on Jun 27, 2019 11:00:57 GMT
Im not convinced they planned it that way they probably made some slight tweaks that then snowballed into whats left. It used to be called agile design when it first appeared some 25 odd years ago. Sadly it quickly morphed into quick changes when web design started. These kind of odd things happen all over the web these days! Ive been using Stonk 's method since i started on rs to enable a speedier way to where i need to be. On Zopa the system is so sloooow its the only way to get anything done. Personally, on RS and all walks of life, I'm happy to have the chance to get ahead of dumb money/people. I hope RS keep it slightly awkward - I'm sure they will! It's either deal with awkwardness & learn when/how to get good rates, or everyone gets the same lame rate. They're not going to hand high rates to everyone. I agree r00lish67 although I am not sure if this change is beneficial or detrimental. On one hand it makes it harder to find the "expert" screen and this awkwardness may be of benefit to those, like ourselves, who try to get the higher rates. On the other hand it may just encourage a tidal wave of at market offers meaning that the higher rates never happen, or happen much less often.
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sl75
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Post by sl75 on Jun 27, 2019 12:02:35 GMT
Not a daft change, it's a cynical move.... They don't want users to set their own rate, so (newcomers) are powerfully steered to selecting market rate Actually, it's worse than that - newcomers are powerfully steered to select "The rate to lend right now" (e.g. 3.2% in rolling right now), which is usually a bit BELOW "Market rate" (3.4% at time of writing)... the steer to "Market rate" is for re-investment.
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benaj
Member of DD Central
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Post by benaj on Jun 27, 2019 13:14:14 GMT
Without RS explanation, I am mystified why the UI is tweaked for the rolling market and it is inconvenient for the experts.
The non expert lenders do have the free will to choose the rate as the market rate fluctuates throughout the day, by pressing the invest button at rate desired showing on the market.
This could lead to more non expert lenders to log in RS more often before placing many the lending orders on the same day.
3.8% matched in the rolling market @ 14:11.
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Post by propman on Jun 27, 2019 13:36:56 GMT
On one hand it makes it harder to find the "expert" screen and this awkwardness may be of benefit to those, like ourselves, who try to get the higher rates. On the other hand it may just encourage a tidal wave of at market offers meaning that the higher rates never happen, or happen much less often. I don't see how this can do anything but increase rates available to the initiated as money encouraged to lower rates will reduce borrower overall rates and increase demand, unless there is a significant amount of this money that would have gone on at a higher rate than you choose. There is also the advantage of reduced competing money from those not prepared to accept the rate offered.
- PM
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aju
Member of DD Central
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Post by aju on Jun 27, 2019 13:42:51 GMT
Without RS explanation, I am mystified why the UI is tweaked for the rolling market and it is inconvenient for the experts. The non expert lenders do have the free will to choose the rate as the market rate fluctuates throughout the day, by pressing the invest button at rate desired showing on the market. This could lead to more non expert lenders to log in RS more often before placing many the lending orders on the same day. 3.8% matched in the rolling market @ 14:11. Hopefully you are wrong as many more users accessing on a more regular way will eventually slow the system down to Zopa performance levels and frankly that will make it run like a snail.
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