morris
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Post by morris on Sept 19, 2019 16:43:34 GMT
What a nightmare mess they have moved into this time. It is possible to see ones place in the queue but only at the top level it was useful to be able to see the position in a particular rate as well. For me this is definitely a backwards step. The interesting thing is that at one point I got completely lost as the flow through the screens makes very little sense at the moment - I'm guessing it's because it has been changed a'la big bang rather than a small change and it will require more familiarity. I'm also guessing that it makes gaming of the rates a lot harder but hopefully that's just a familiarity thing and once we are used to this change we will be able to get a better sense again. Mind you I just got used to the last changes and they changed it again. I still think this race to the most simplistic toy market (Tablets and phone) seems to be counter productive in my eyes ... Hmm the tablet and phone thing just reminded me, last weekend I was away so was trying to us RS on the ipad, neither Safari nor Puffin worked. I never managed to log on at all with Safari, and Puffin didnt work properlyAnyone else have the same issues? I normally only use the ipad when away, it worked fine in June but this weekend nope. Getting back to the changes, I now think my take is as follows. When they started out they probably sat down and looked at it from a lenders view, what stats would we want, how would we want to place our money, what would we want to consider when doing that, and the flows and screens were designed to follow that. I believe the mind set has now changed to, how do we make this as black box as possible, and thats it.
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morris
Member of DD Central
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Post by morris on Sept 19, 2019 16:45:45 GMT
Flaming Nora
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Post by propman on Sept 19, 2019 16:49:01 GMT
Worst changes yet. I will not invest without visibility of offers.
I have reported this to "support".
This on top of reduced share of lending to 5 year market meaning that MR money no longer being lent (so will lower MR and stop any lending at higher rates).
Not Happy!
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aju
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Post by aju on Sept 19, 2019 16:53:32 GMT
Never mind nora I think you broke my comments above!. When you quote on this board you have to be ultra careful not to backspace into the quoted text as its hard to correct it without using the BBcode tool. In the above it seems I am attributed to comments I did not say (the last two para's I think were yours perhaps.) Mind you some days I'm not sure what I am saying so anything is possible I do agree with your last para though. But the ipad thingy escapes me and I haven't tried it on Mrs Aju's Tab2 toy yet.
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aju
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Post by aju on Sept 19, 2019 16:58:31 GMT
Worst changes yet. I will not invest without visibility of offers.
I have reported this to "support".
This on top of reduced share of lending to 5 year market meaning that MR money no longer being lent (so will lower MR and stop any lending at higher rates).
Not Happy!
I agree with your sentiment but not sure that Support will see it our way as we can still see the offers a number of ways and apart from seeing the granularity of where my lending offer is in a specific rate I think everything else is still there, for now at least. The actual rate changer section is quite clever in that you can see what the headroom is like as you increase and decrease but it would be easier to see the start point and the amounts in the start point. Of course you can still see this in market rates pages but its a bit of faff now.
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smezz
Posts: 180
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Post by smezz on Sept 19, 2019 16:59:00 GMT
I agree with the recent comments.
I had a pop up asking me if I would recommend RS to a friend - I gave them a zero.
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Post by Deleted on Sept 19, 2019 16:59:28 GMT
On the plus side, you can now edit an order so you don't have to cancel and resubmit. I'm not saying I like the change though - 1 step forward and 2 steps back.
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aju
Member of DD Central
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Post by aju on Sept 19, 2019 17:00:52 GMT
I agree with the recent comments. I had a pop up asking me if I would recommend RS to a friend - I gave them a zero. I did that before these latest changes just because I could - mind you since I started here back in november its been a bit like the brexit debacle for negative changes etc. Perhaps david davies is now on the RS dev team since resigning his brexit post
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Post by bobthebuilder on Sept 19, 2019 17:01:36 GMT
I agree with the recent comments. I had a pop up asking me if I would recommend RS to a friend - I gave them a zero.
So did I! And I explained that one of the reasons for that was their constant mucking around with the user interface.
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jlend
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Post by jlend on Sept 19, 2019 17:02:59 GMT
Worst changes yet. I will not invest without visibility of offers.
I have reported this to "support".
This on top of reduced share of lending to 5 year market meaning that MR money no longer being lent (so will lower MR and stop any lending at higher rates).
Not Happy!
Am not all at surprised. If there is plenty of lender money at around 3% on the rolling market then I expect they would lend less via the 1 and 5 year markets. In a few weeks I expect even less will be lent via the 1 year and 5 year and the MR will drop closer to the new Going Rate
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aju
Member of DD Central
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Post by aju on Sept 19, 2019 17:21:44 GMT
Worst changes yet. I will not invest without visibility of offers.
I have reported this to "support".
This on top of reduced share of lending to 5 year market meaning that MR money no longer being lent (so will lower MR and stop any lending at higher rates).
Not Happy!
Am not all at surprised. If there is plenty of lender money at around 3% on the rolling market then I expect they would lend less via the 1 and 5 year markets. In a few weeks I expect even less will be lent via the 1 year and 5 year and the MR will drop closer to the new Going Rate Sadly, I was staving off thinking about that aspect but I fear you will be proven correct. Still better than banks but it feels like once the money men get involved then it's all about making money and not necessarily for us pawns either!.
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Stonk
Stonking
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Post by Stonk on Sept 19, 2019 19:39:03 GMT
Knowing where I stood in the queue within the specific rate I was offering at was incredibly useful to me. If I had money I wanted lent out within a particular timescale, such as within the day, then I would start it off in the morning offering at an optimistic rate, and progressively reduce my rate later on if I was staying far from the front. It is especially important when you are in a rate shared with a lot of other money (less important if there's only a small amount offered at your rate).
It is a major loss of visibility to have this functionality removed.
Having said that, RS probably receives no benefit from the behaviour I describe. If I am no longer able to do this, then they will still match the same amount of money at the same rates, but just to a different lender. Perhaps that's why the feature has gone -- remove the things that do not benefit them.
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rscal
Posts: 882
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Post by rscal on Sept 19, 2019 19:54:34 GMT
I agree with the recent comments. I had a pop up asking me if I would recommend RS to a friend - I gave them a zero. Had that pop up too. Gave the same response.
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Post by Deleted on Sept 20, 2019 6:30:18 GMT
It appears the Unmatched Money link has been removed.
And before anyone tells me you can when adding new money, I cannot see where my new money is in relation to my other amounts. I like to put £30 chunks with 10K gaps. It is now impossible to know where my other chunks are.
If so I am done with RateSetter.
That's my last P2P account. I've jumped Assetz, Rebuilding, Zopa, Funding Circle and Wellesley. Now RateSetter.
The reality appears to be that the banks were right all along. Lending money is not easy.
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ashtondav
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Post by ashtondav on Sept 20, 2019 6:59:33 GMT
RS has delivered 6%pa far more consistently and reliably than my other “near” black box accounts, and I am delighted with that result over the last few years. FC, for example, initially estimated 7% - now nearer 4%. Zopa+ estimated 6%+ - my wife has achieved 2.6%. As for (non black box) FS - freaking disaster, probably worse than collateral punters will end up with.
Should I be unable to achieve c6%pa I will move on, probably to LW. Until then they can d1ck about with the interface, website, colour scheme and product range as much as they want.
Yours sincerely
6%
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