c88dnf
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Post by c88dnf on Sept 14, 2015 17:24:54 GMT
I am sure I have missed the point but what if at the moment the prospective lender is choosing to lend there are no prospective borrowers. In that case does the lend now option just not appear? If there are no borrowers asking for funds, the "the lend it now rate" defaults to the lowest lender offer.
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registerme
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Post by registerme on Sept 14, 2015 17:53:04 GMT
Interesting, if the logic was consistent it would default to.... zero (or perhaps the "lend it now" rate for a shorter term?).
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sl75
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Post by sl75 on Sept 14, 2015 23:42:52 GMT
You can click on the box in the lower left with the last loan rate for the respective time period from all (most?) pages to go straight to the 'expert' screen. No cookies needed... But I like chocolate chips. ... and as that's always the way I've got into the lending screen (and the way I've described to other people I introduced to RS as the "easiest" way to get there), I spent quite a while wondering what was this "new display" everyone was going on about.
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Investor
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Post by Investor on Sept 15, 2015 10:40:37 GMT
Comrades, ......... September is going to be interesting for lots of reasons I can't discuss .......... westonkevRS (A.K.A the Steve Davis of the P2P world) Half way through the month and we are still on tenterhooks as to why this month will be interesting, so far you and the team have been, by your own declaration, predictable and boring. In Ratesetter world it may simply be there are new mugs being delivered, or they have bought decent coffee beans for the café on the ground floor, either of which events would be sufficient to denote an 'interesting month' Any news?
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Post by westonkevRS on Sept 16, 2015 5:55:04 GMT
Sorry if that sounded over excited, in hindsight not really. I'm interested to see the day 21 rates as the memory of cash-back hopefully fades, although currently they are on trend to remain high in comparison. But also we will be publishing a blog on RateSetters institutional lending position, our annual accounts will be published shortly (quite timely really, by coincidence) and there are always new initiatives to open up new sources of borrowers channel. So actually nothing that exciting for our lenders, sorry. Still boring. westonkevRS
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ashtondav
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Post by ashtondav on Sept 16, 2015 7:42:01 GMT
6.5%.
Thats is all the interest I want. Yesterday I got it!
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Post by contangoandcash on Sept 17, 2015 8:59:55 GMT
Nothing real to add at the moment apart from the fact that the Monthly 'lend right now' rate at 2.2%. Which frankly is ridiculous.
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registerme
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Post by registerme on Sept 17, 2015 9:16:01 GMT
It's up to 2.7% now.
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Post by contangoandcash on Sept 17, 2015 9:46:32 GMT
..And now 3.1%. In less than an hour. If I had lent at 2.2%, I would have felt a) sick and b) like asking for my money back. Novice users paying a price for their lack of knowledge doesn't make for a responsible product offering, it's pretty outrageous to be honest. Please put an end to this and 'guide' people through a sensible process, currently looks very much like a 'rip off', and it needn't be. Less is more when it actually benefits people, beyond that it destroys trust, this is currently garbage Kev, sorry.
"Everything Should Be Made as Simple as Possible, But Not Simpler"... Einstein.
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registerme
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Post by registerme on Sept 17, 2015 9:51:41 GMT
It was up to 3.3% briefly but has settled back now. I got a piece of it, but there were people quicker than me......
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Post by closetotheedge on Sept 18, 2015 6:15:10 GMT
Not really on topic but I hope to be forgiven. Do any of the brighter RS users make a daily comparison between the amount of their predicted repayments and the amount actually arriving back to them. I have occasionally noticed that the amount due and the amount I receive into my holding account differ but have thus far just assumed it would be taken care of by the RS system.
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Post by p2plender on Sept 18, 2015 6:49:38 GMT
may be due to old loans when rs took fees off earnings.
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Post by beegee on Sept 18, 2015 15:24:56 GMT
I queried this several months ago and was told exactly that. ie older loans still showed fees being returned.
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Post by geoffrey on Sept 19, 2015 14:14:26 GMT
When are we going to get some official statement from RateSetter about its continued practice of ripping off uninformed, newbie lenders with the new "lowest common denominator" display? RS is taking advantage of new lenders by guiding them to lend at rates set unilaterally by borrowers. Shame on you, RS. You'd better change your name, because your platform no longer has much to do with rate SETTING, and you are increasingly undermining your claim to be a marketplace. It's unfair to prey on the naïve and the gullible in this way. How many more comments do you have to see on this thread before you actually tell us what you're going to do about this increasingly embarrassing situation? Today we have naïve lenders being drawn into a rip-off lending rate of 5.7% on the five-year market when the actual attainable rate is at least 6.4-6.6%. You've turned a stable market where rates varied slowly over long cycles to one of high volatility, with rates swinging unpredictably sometimes over a few minutes. Are you actually trying to shoot yourselves in the foot?
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registerme
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Post by registerme on Sept 19, 2015 14:26:56 GMT
I suspect (hope?), purely on the basis of westonkevRS's absence from this thread recently, that it might be under active discussion at RateSetter.
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