ukinvestor
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Post by ukinvestor on Nov 30, 2021 17:30:30 GMT
As part of the web site update on 28th November, we are now supposed to
2. In the Banking Tab
a. You are now able to amend your Bank Account details yourself
Has anyone worked out how to do this?
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Post by Ace on Nov 30, 2021 17:52:10 GMT
As part of the web site update on 28th November, we are now supposed to 2. In the Banking Tab a. You are now able to amend your Bank Account details yourself Has anyone worked out how to do this? There's an "Edit" button at the bottom of the "My Bank Details" page. Haven't tried it, but I assume that's how it's done.
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eeyore
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Post by eeyore on Dec 1, 2021 9:00:57 GMT
When I checked this morning, there was no sign of any such option for my bank account. Everything looks the same, including the display of 'Accrued Interest'.
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Post by Ace on Dec 1, 2021 13:30:01 GMT
When I checked this morning, there was no sign of any such option for my bank account. Everything looks the same, including the display of 'Accrued Interest'. That's odd. I'm sorry to say that the "Accrued Interest" figure has gone from my account. I see it as a retrograde step. I don't see why they said it was confusing. It would have been better to have added an explanatory drop-down than to have removed it.
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Post by overthehill on Dec 1, 2021 13:46:21 GMT
When I checked this morning, there was no sign of any such option for my bank account. Everything looks the same, including the display of 'Accrued Interest'. That's odd. I'm sorry to say that the "Accrued Interest" figure has gone from my account. I see it as a retrograde step. I don't see why they said it was confusing. It would have been better to have added an explanatory drop-down than to have removed it.
Likewise, it's a backward step making the platform less transparent and less user friendly. They have made some inexplicable changes over the past few years probably to ease the support burden of serial nagging lenders or to keep borrowers happy. The reasons given never stack up so the real reasons are kept in-house.
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eeyore
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Post by eeyore on Dec 1, 2021 17:43:57 GMT
That's odd. I'm sorry to say that the "Accrued Interest" figure has gone from my account. I see it as a retrograde step. I don't see why they said it was confusing. It would have been better to have added an explanatory drop-down than to have removed it.
Likewise, it's a backward step making the platform less transparent and less user friendly. They have made some inexplicable changes over the past few years probably to ease the support burden of serial nagging lenders or to keep borrowers happy. The reasons given never stack up so the real reasons are kept in-house.
The new version was activated for my account sometime today between 17:00 and 17:30. My complaint is that withdrawals now have to be in whole pounds - it won't let me specify a pence value. That would seem to me to be weird - why introduce a restriction which has to be coded to prevent the user specifying pence (and to display a error message) when it surely would be simpler to just accept pounds and pence. It just seems so perverse and mean-spirited to block the user from specifying exactly what the user wants - why, for heavens sake, why?PS: And, no, withdrawals were still blocked...
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ukinvestor
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Post by ukinvestor on Dec 1, 2021 18:21:16 GMT
Yes, now I have the button on the Banking tab  . It wasn't there yesterday... Accrued interest is still showing in the blue banner. Withdraw button is active. And I had old messages popping up as unread. Had to go back two months to find them... Just found the last unread message. I was before 23 August 202  And the date was: Invalid date  Data conversion error??? |
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Dec 1, 2021 22:08:02 GMT
Ok so i have Auto button ON, and self select button ON. Has this always been possible?.
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baldpate
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Post by baldpate on Dec 1, 2021 22:31:39 GMT
Ok so i have Auto button ON, and self select button ON. Has this always been possible?. Do you know how you acheived that state? I'm basically an 'Always On' investor, but right now I'd wouldn't mind dipping my toe into the upcoming VAT loan. But if I try to enble 'Self Select' as well, I'm basically told this will disable 'Always On' for 30 days (which is exactly how I understood Autolend 2.0 to work). That's not a price I'm willing to pay just for a dabble in a short-term VAT loan.
So, to answer your question, I don't think it's ever been possible. If you know how you got to this enviable position, please share .
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Dec 1, 2021 22:51:19 GMT
Ok so i have Auto button ON, and self select button ON. Has this always been possible?. Do you know how you acheived that state? I'm basically an 'Always On' investor, but right now I'd wouldn't mind dipping my toe into the upcoming VAT loan. But if I try to enble 'Self Select' as well, I'm basically told this will disable 'Always On' for 30 days (which is exactly how I understood Autolend 2.0 to work). That's not a price I'm willing to pay just for a dabble in a short-term VAT loan.
So, to answer your question, I don't think it's ever been possible. If you know how you got to this enviable position, please share . Auto always on is my preferred state, and starting point. I turned on self select button, selected Vat loan from selection box. It appeared below as selected with an option to clear bid. Have i broken proplend??? My quandary is do i leave it with the potential of having cake and eating it , or deselect self select or cancel vat loan.  . Or contact proplend and fess up.
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baldpate
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Post by baldpate on Dec 1, 2021 23:07:31 GMT
Auto always on is my preferred state, and starting point. I turned on self select button, selected Vat loan from selection box. It appeared below as selected with an option to clear bid. Have i broken proplend??? My quandary is do i leave it with the potential of having cake and eating it , or deselect self select or cancel vat loan. . Or contact proplend and fess up. So you somehow managed to turn on "Self Select" without getting the threat message "If you turn 'Always On' off - you will not be able to reactivate it for a month"?
Congratulations, I think you've managed to break Proplend (or found a loophole) !
As to your moral dilema (eat cake, back out, or fess up), I'm afraid I can't advise. Good luck in whatever you decide.
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Post by Ace on Dec 2, 2021 0:30:48 GMT
Do you know how you acheived that state? I'm basically an 'Always On' investor, but right now I'd wouldn't mind dipping my toe into the upcoming VAT loan. But if I try to enble 'Self Select' as well, I'm basically told this will disable 'Always On' for 30 days (which is exactly how I understood Autolend 2.0 to work). That's not a price I'm willing to pay just for a dabble in a short-term VAT loan.
So, to answer your question, I don't think it's ever been possible. If you know how you got to this enviable position, please share . Auto always on is my preferred state, and starting point. I turned on self select button, selected Vat loan from selection box. It appeared below as selected with an option to clear bid. Have i broken proplend??? My quandary is do i leave it with the potential of having cake and eating it , or deselect self select or cancel vat loan. . Or contact proplend and fess up. I couldn't find anything in the T&Cs to say we couldn't use always-on and self-select. The mechanics of the platform used to prevent it, and the FAQs sort of imply it, but without explicitly saying so. Personally, I like cake and that would heavily influence my decision; though I don't have to wrestle with your quandary as I don't use the always-on feature.
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bababill
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Post by bababill on Dec 2, 2021 0:56:14 GMT
My complaint is that withdrawals now have to be in whole pounds - it won't let me specify a pence value. That would seem to me to be weird - why introduce a restriction which has to be coded to prevent the user specifying pence (and to display a error message) when it surely would be simpler to just accept pounds and pence. It just seems so perverse and mean-spirited to block the user from specifying exactly what the user wants - why, for heavens sake, why?Because too many people insist on too many small withdrawals which cost them time and money. I advised Proplend to enact a minimum withdrawal of £100 excluding the monthly interest but they didn't like the idea. They want to minimise withdrawals without penalising the lender. Edit-- Anyone know when the next non vat loan will go live?
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eeyore
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Post by eeyore on Dec 2, 2021 9:57:45 GMT
My complaint is that withdrawals now have to be in whole pounds - it won't let me specify a pence value. That would seem to me to be weird - why introduce a restriction which has to be coded to prevent the user specifying pence (and to display a error message) when it surely would be simpler to just accept pounds and pence. It just seems so perverse and mean-spirited to block the user from specifying exactly what the user wants - why, for heavens sake, why?Because too many people insist on too many small withdrawals which cost them time and money. I advised Proplend to enact a minimum withdrawal of £100 excluding the monthly interest but they didn't like the idea. They want to minimise withdrawals without penalising the lender. Sorry, my post wasn't clear enough. I'm not talking about withdrawals that are just pence only, ie less than £1 - I've never made a withdrawal of less than £50! The 40p fee for <£50 is there to discourage numerous small withdrawals which seems reasonable enough to me. The issue is that previously I could clear my cash account down to zero or £1,000.00 or whatever, by withdrawing a sum of pounds and pence eg £67.97; today I can only withdraw a number of pounds either £67.00 or £68.00 leaving the surplus pence in the cash account. Personally, I find that aggravating and I don't see the benefit to Proplend. Note what the Proplend system displays on the withdrawal page: " You have £1,067.97 available to withdraw" but, to be pedantic, only £1,067.00 is actually available!
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Post by overthehill on Dec 2, 2021 11:09:14 GMT
Auto always on is my preferred state, and starting point. I turned on self select button, selected Vat loan from selection box. It appeared below as selected with an option to clear bid. Have i broken proplend??? My quandary is do i leave it with the potential of having cake and eating it , or deselect self select or cancel vat loan. . Or contact proplend and fess up. I couldn't find anything in the T&Cs to say we couldn't use always-on and self-select. The mechanics of the platform used to prevent it, and the FAQs sort of imply it, but without explicitly saying so. Personally, I like cake and that would heavily influence my decision; though I don't have to wrestle with your quandary as I don't use the always-on feature.
In the original email about Autolend 2.0:
Always On has the following criteria
only lends in the lowest risk Tranche A (0-50% LTV)
looks to invest in every available loan to create a diversified loan portfolio
invests up to the maximum of your investment criteria
maximum investment term is 5 years
can be activated in Classic, ISA and Pension accounts
can be run at any time
target return rate of 5% p.a. after fees and bad debt but before tax
but if you turn it off, it cannot be reactivated for 30 days
during this period you can still use Self Select
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. It wasn't there yesterday...
. Or contact proplend and fess up.