Post by huxs on Nov 25, 2015 10:28:33 GMT
Hi emoney,
Do you have any thoughts on introducing a pre-funding model for eMoneyUnion? I have been using the site for about 6mths and the only real draw back I have is the need to constantly have money in my account in anticipation for loans as I never know when they are coming and would likely miss most if I waited for them to appear before moving funds across.
Up until now I have only lent a small amount to each loan so having twice this amount in my account all the time (just in case you have 2 loans in 1 day) is not too bad but as I want to increase my investment I would rather not have slightly more money sitting around not earning.
I am assuming you carry out a fair bit of research on other P2P sites out there and so already probably know how some sites perform pre-funding. The Saving Stream approach seems to work very well from my point of view and pretty much makes SS hands free (except for the DD around the pipeline loans).
Your eBid system works very well for me and if that could be extended so that lenders accounts could go -ve then as long as the balance is paid within 24hr your bid stands. I know you should not let money go out the door to borrowers before you have the money in from the lenders but given that almost all of your loans are not drawn down for some days after the loan is filled then this should not be a problem.
There are obviously both -ve's and +ves of making this change from your point of view +ve's you have a better view on lender demand, -ve's hassle when -ve balances are not topped up in time but I for one would be very happy to see this change implemented.
