shimself
Member of DD Central
Posts: 2,561 
Likes: 1,170
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Post by shimself on Jul 3, 2015 9:17:16 GMT
There's something I'd like to suggest about autobids
A couple of times autobid has, quite correctly, bid on loans that I would normally avoid. once for personal reasons, once because I didn't like the figures.
Can I suggest that you introduce some means of NOT placing autobids on particular loans, maybe by introducing a 24 hour delay before autobids are placed and some link to block this autobid. Or 24 hours to retract an autobid. Or .. well there's lots of alternatives, whatever suits you best
Thanks
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Post by kayfundingknight on Jul 3, 2015 13:38:39 GMT
We are always pleased to receive feedback and suggestions from our lender community. This one is a tricky one - bids are treated on a last in first out basis and it is the most recent bids that get knocked out first - by delaying the placing of a bid this could have a negative affect if the bidding gets lively, you might find yourself without a loan position. If we allow bidders to withdraw their bids after 24 hours then those using Autobid will have the advantage over early, manual, bidders.
We will continue to look at ways of making investing through FundingKnight better!
Thank you for your feedback.
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shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
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Post by shimself on Jul 3, 2015 22:16:40 GMT
We are always pleased to receive feedback and suggestions from our lender community. This one is a tricky one - bids are treated on a last in first out basis and it is the most recent bids that get knocked out first - by delaying the placing of a bid this could have a negative affect if the bidding gets lively, you might find yourself without a loan position. If we allow bidders to withdraw their bids after 24 hours then those using Autobid will have the advantage over early, manual, bidders. We will continue to look at ways of making investing through FundingKnight better! Thank you for your feedback. How about you email out and display the loan details 24 hours before people can bid? That's not uncommon, certainly TC and AC do it, because it allows lenders to do some due diligence without feeling rushed into bidding before they've properly investigated the offer, which appears to me to be better practice anyway as well as achieving my request.
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Post by tybalt on Aug 6, 2015 16:53:34 GMT
I confess I do not use Autobid on any platform. However I can see the attraction of a 24 hour pre bid opportunity to veto.
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