oldgrumpy
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Post by oldgrumpy on Dec 3, 2015 13:05:04 GMT
I'd have liked to have bid on this one, but how do I know when the loan is going to appear ? Is there a text message alert system or some such we can sub to ? I'd like a slice of the container loans - but have no idea when they will be up There was an email sent about this. 2 yesterday and one today. Check your inbox or spam filter. We haven't been told the time for the container loan yet.
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pom
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Post by pom on Dec 3, 2015 13:08:11 GMT
There was an email sent about this. 2 yesterday and one today. Check your inbox or spam filter. We haven't been told the time for the container loan yet. My guess is there may now be a little bit of a delay....
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LittleBear
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Post by LittleBear on Dec 3, 2015 13:44:36 GMT
I don't think I'll bother putting any money into AR for the container loan. I'm not likely to get anything. ablrateandy why do you advertise the loans to all your investors, when they have little chance to get a share: you might as well just tell the one or two with deep pockets who will fill it themselves???
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huxs
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Post by huxs on Dec 3, 2015 13:59:08 GMT
I didn't make an attempt at todays loan as I guessed it would be near impossible to get any, but it now looks like I will get my money paid back from the first container loan but not be able to put it into the new loan as human finger speed does not seem to be quick enough on Ablrate. I must admit I was previously disappointed that I haven't been able to increase my investment via Ablrate but now I am being forced to reduce it as loans fall off.
I still hold out hope that Ablrate can increase volumes and get some more big loans out but many more of these small loans (without and max limit or prefunding) that are almost impossible to get than I will finally call it a day and sell out.
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jonno
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nil satis nisi optimum
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Post by jonno on Dec 3, 2015 14:23:32 GMT
ablrateandy; just thinking about today's debacle I am really surprised and disappointed that no thought appears to have been given to developing your technology alongside the expansion of your lender base especially as the website is brand new.Did you really not see this coming and ensured that bidding limits were enshrined? Remember when the platform was new it was us early lenders who helped get you off the ground (and yes, that joke was used interminably). Now, in the name of quick, unsustainable lender growth in the face of glacial loan supply, and the rush to make a fast buck, you are risking alienating a significant proportion of the very lending base that supported you in the first place. There is real credible competition out there now,and I for one will be favouring them until/unless you address the shortcomings of your platform.
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gt94sss2
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Post by gt94sss2 on Dec 3, 2015 15:11:00 GMT
It would be interesting if Ablrate could provide details of:
a) How many registered investors the site now has b) How many bid successfully for this loan c) Some colour on the size of bids (i.e. x% bid <£500, y% £500-1000 etc)
However, like others, I suspect initial bid limits are probably the way to go - at least in the short term until deal flow improves
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blender
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Post by blender on Dec 3, 2015 16:00:47 GMT
Remember when the platform was new it was us early lenders who helped get you off the ground (and yes, that joke was used interminably). Now, in the name of quick, unsustainable lender growth in the face of glacial loan supply, and the rush to make a fast buck, you are risking alienating a significant proportion of the very lending base that supported you in the first place. If it is any consolation I doubt that Ablrate will be making a fast buck any time soon. I had wondered if the gross fee revenue would be enough even to pay for the web development, without adding more functionality (and therefore more rework). Keeping it simple must be a priority. I think they work as hard as they can to keep original lenders, unlike perhaps FC. (I did not bid)
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jonno
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nil satis nisi optimum
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Post by jonno on Dec 3, 2015 16:14:20 GMT
Remember when the platform was new it was us early lenders who helped get you off the ground (and yes, that joke was used interminably). Now, in the name of quick, unsustainable lender growth in the face of glacial loan supply, and the rush to make a fast buck, you are risking alienating a significant proportion of the very lending base that supported you in the first place. If it is any consolation I doubt that Ablrate will be making a fast buck any time soon. I had wondered if the gross fee revenue would be enough even to pay for the web development, without adding more functionality (and therefore more rework). Keeping it simple must be a priority. I think they work as hard as they can to keep original lenders, unlike perhaps FC. (I did not bid) To be honest, it isn't any consolation. I've invested a tidy sum in Ablrate and supported them from the outset so I really want them to succeed.But I fail to see any evidence of any real reward for loyalty to original lenders. And as for keeping their IT simple, I hardly think that incorporating a bid limiting function is exactly rocket science. I do however fully concur with your view on Floating Carcass.
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Post by ablrate on Dec 3, 2015 17:36:27 GMT
Hi Guys
We will reply in more detail but have been with developers today. We are working on a solution to these smaller loan issues and either myself or Andy will expand. We realise that these kind of things can be really annoying so we have a solution for now and discussed the implementation of something more permanent with the developers today.
Regards Ablrate
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